Common use of Final Disposition of Trust Assets Clause in Contracts

Final Disposition of Trust Assets. Not later than the fifteenth anniversary of the Trust Effective Date, any unused funds held by any Beneficiary shall be returned to the Trust. After the fifteenth anniversary of the Trust Effective Date, any Trust Assets held in the Trust Account or any subaccount (including but not limited to the Trust Administration Cost Subaccount, Tribal Allocation Subaccount, and the Tribal Administration Cost Subaccount) that are not needed for final Trust Administration Costs shall be deemed to have been donated by the Trust to fund Eligible Mitigation Actions administered by Federal agencies that have custody, control or management of land in the United States that is impacted by excess NOx emissions (including but not limited to Clean Air Act Class I and II areas) and that have the legal authority to accept such funds, in accordance with instructions to be provided by the United States. If no such agencies exist, then such funds shall be applied as otherwise directed by the Court on motion by one or more of the remaining Beneficiaries, with notice to the United States, the Settling Defendants, and the other remaining Beneficiaries.