Insolvency Administration. 5.02-1 During Insolvency Administration, the Trustee shall hold the trust fund for the benefit of the creditors of the Company and make payments only in accordance with 5.02-2. The Participants and beneficiaries shall have no greater rights than general creditors of the Company. The Trustee shall continue the investment of the trust fund in accordance with 2.02.
Appears in 5 contracts
Samples: Trust Agreement (Milacron Inc), Keycorp /New/, Index of Terms (North Valley Bancorp)
Insolvency Administration. 5.02-1 During Insolvency AdministrationAdministration while the Company is Insolvent, the Trustee shall hold the trust fund for the benefit of the creditors of the Company and make payments only in accordance with 5.01 and 5.02-2. The Participants and beneficiaries shall have no greater rights than general creditors of the Company. The Trustee shall continue the investment of the trust fund in accordance with 2.02.
Appears in 2 contracts
Samples: Trust Agreement (Prudential Financial Inc), Trust Agreement (Egghead Inc /Wa/)
Insolvency Administration. 5.02-1 5.2.1 During "Insolvency Administration", the Trustee shall hold the trust fund for the benefit of the general creditors of the Company and make payments only in accordance with 5.02-2. The Participants and beneficiaries shall have no greater rights than general creditors of the Company5.2.2. The Trustee shall continue the investment of the trust fund in accordance with 2.022.2.
Appears in 1 contract
Samples: Trust Agreement (At&t Inc.)
