Common use of Exclusive Benefit and Reversion of Sponsor Contributions Clause in Contracts

Exclusive Benefit and Reversion of Sponsor Contributions. Except as provided under applicable law, no part of the Trust allocable to a Plan may be used for, or diverted to, purposes other than the exclusive benefit of the Participants in the Plan or their beneficiaries prior to the satisfaction of all liabilities with respect to the Participants and their beneficiaries.

Exclusive Benefit and Reversion of Sponsor Contributions. Except as provided under applicable law, no part of the Trust allocable to a Plan may be used for, or diverted to, purposes other than the exclusive benefit of the Participants participants in the Plan or their beneficiaries prior to or the satisfaction reasonable expenses of all liabilities with respect to the Participants and their beneficiariesPlan administration.