Common use of Funding of the Trust Administration Cost Subaccount Clause in Contracts

Funding of the Trust Administration Cost Subaccount. As soon as practicable after the Trust Effective Date, the Trustee shall fund a subaccount to pay for Trust Administration Costs (“Trust Administration Cost Subaccount”) by transferring into it from the Trust Account the funds allocated to that subaccount in accordance with Appendix D-1. The Trustee may further subdivide the Trust Administration Cost Subaccount into such number of additional subaccounts as may be deemed necessary in the discretion of the Trustee to comply with the terms of, and implement, the Consent Decree and this Trust Agreement. No additional Trust Assets may be directed to the Trust Administration Cost Subaccount, or to the payment of Trust Administration Costs, absent further order of the Court.

Appears in 7 contracts

Samples: www.vwcourtsettlement.com, files.nc.gov, www.cand.uscourts.gov

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