Common use of Impossibility of Diversion Clause in Contracts

Impossibility of Diversion. It shall be impossible at any time for any part of the Trust Fund to be used for, or diverted to, purposes other than to provide the benefits contemplated under the Plan for the exclusive benefit of Participants and their Dependents, except that any taxes and administration expenses for which the Trust is liable may be made from the Trust Fund as provided for in this Trust.

Appears in 2 contracts

Samples: Trust Agreement, Trust Agreement

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Impossibility of Diversion. It shall be impossible at any time for any part of the Trust Fund to be used for, or diverted to, purposes other than to provide the benefits contemplated under the Plan for the exclusive benefit of Participants covered employees and their Dependentsdependents, except that any taxes and administration expenses for which the Trust is liable may be made from the Trust Fund as provided for in this Trustherein.

Appears in 1 contract

Samples: Trust Agreement

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Impossibility of Diversion. It shall be impossible at any time for any part of the Trust Fund to be used for, for or diverted to, to purposes other than to provide the benefits contemplated under the Plan for the exclusive benefit of Participants the retired employees and their Dependentsdependents covered under the Plan, except that any payment of taxes and administration expenses for which the Trust is liable expensed may be made from the Trust Fund as provided for in this Trustherein.

Appears in 1 contract

Samples: Retiree Health Insurance Trust Agreement

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