Funding the Trust. On the relevant Pay Day, the Company shall deposit into the Trust cash or other assets, as specified in the applicable Deferral Agreement, equal to the aggregate amount required to be credited to the Participant's Deferral Account for that Pay Day, less applicable taxes required to be withheld, if any. The assets of the Trust shall remain subject to the claims of the general creditors of the Company in the event of an insolvency of the Company.
Funding the Trust. From time to time upon written ----------------- request of Indemnitee, American Pacific shall fund the trust in an amount sufficient to satisfy any and all expenses reasonably anticipated at the time of each such request to be incurred in connection with investigating, preparing for, participating in, and/or defending any Proceeding relating to any indemnifiable event covered herein. The amount or amounts to be deposited in the trust pursuant to the foregoing funding obligation shall be determined by the Independent Counsel referred to in Section 6(b).
Funding the Trust. 3.1 Contributions. Each Trust Year, ConAgra shall contribute in cash to the Trust Fund an amount which, when added to the earnings of the Trust Fund for that Trust Year, shall be sufficient to enable the Trust to make the interest and principal payments on the Note as they come due. To the extent ConAgra fails to make sufficient contributions to the Trust Fund pursuant to the preceding sentence, a corresponding principal amount of the Note shall be deemed forgiven. Such forgiveness shall be the sole and absolute remedy that the Trust shall have against ConAgra for any failure of ConAgra to make any contribution to the Trust. All contributions to the Trust shall be used to make principal and interest payments on the Note. The Trustee is not under any duty or obligation to require that ConAgra make any contributions to the Trust.
Funding the Trust. After the trust agreement is executed, the next step is to fund the trust. This involves transferring assets from the settlor (or another source) into the trust’s name. • Funding can include transferring cash, securities, real estate, or other assets specified in the trust agreement.
Funding the Trust
