Limitation on Use of Funds. No part of the corpus of the Trust Fund shall be recoverable by Employer or used for any purpose other than for the exclusive purpose of providing payments to Trust Beneficiaries in accordance with the provisions of the Plan and defraying reasonable expenses of administration in accordance with the provisions of this Trust Agreement until all such payments required by this Trust Agreement have been made; provided, however, that (i) nothing in this Section 3 shall be deemed to limit or otherwise prevent the payment from the Trust Fund of expenses and other charges as provided in Sections 5.1(i), 11.1 and 11.2 of this Trust Agreement or the application of the Trust Fund as provided in Section 6.3 of this Trust Agreement and (ii) the Trust Fund shall be subject to the claims of the general creditors of Employer as and to the extent set forth in Section 9 of this Trust Agreement.
Appears in 1 contract
Sources: Trust Agreement (Data General Corp)
Limitation on Use of Funds. 3.1 No part of the corpus of the Trust Fund shall be recoverable by Employer the Company or used for any purpose other than for the exclusive purpose of providing payments to Trust Beneficiaries in accordance with the provisions participants of the Plan and their beneficiaries and defraying reasonable expenses of administration in accordance with the provisions of this Trust Agreement until all such payments required by this Trust Agreement have been made; provided, however, that (i) nothing in this Section 3 3.1 shall be deemed to limit or otherwise prevent the payment from the Trust Fund of expenses and other charges as provided in Sections 5.1(i), 11.1 10.1 and 11.2 10.2 of this Trust Agreement or the application of the Trust Fund as provided in Section 6.3 6.4 of this Trust Agreement if the Trust is finally determined not to constitute a grantor trust and (ii) the ii)the Trust Fund shall at all times be subject to the claims of the general creditors of Employer the Company as and to the extent set forth in Section 9 8 of this Trust Agreement.
Appears in 1 contract
Sources: Trust Agreement (Minolta QMS Inc)
Limitation on Use of Funds. No part of the corpus of the Trust Fund shall be recoverable by Employer the Bank or used for any purpose other than for the exclusive purpose of providing payments to Trust Beneficiaries in accordance with the provisions participants of the Plan and their beneficiaries and defraying reasonable expenses of administration in accordance with the provisions of this Trust Agreement trust agreement until all such payments required by this Trust Agreement trust agreement have been made; provided, provided however, that (i) nothing in this Section paragraph 3 shall be deemed to limit or otherwise prevent the payment from the Trust Fund of expenses and other charges as provided in Sections 5.1(i), 11.1 paragraphs 10.A and 11.2 10.B of this Trust Agreement trust agreement or the application of the Trust Fund as provided in Section 6.3 Paragraph 6.D of this trust agreement if the Trust Agreement is finally determined not to constitute a grantor trust and (ii) the Trust Fund shall at all times be subject to the claims of the general creditors of Employer the Bank as and to the extent set forth in Section 9 Paragraph 8 of this Trust Agreementtrust agreement.
Appears in 1 contract
Limitation on Use of Funds. 3.1 No part of the corpus of the Trust Fund shall be recoverable by Employer the Company or used for any purpose other than for the exclusive purpose of providing payments to Trust Beneficiaries in accordance with the provisions participants of the Plan and their beneficiaries and defraying reasonable expenses of administration in accordance with the provisions of this Trust Agreement until all such payments required by this Trust Agreement have been made; provided, however, that (i) nothing in this Section 3 3.1 shall be deemed to limit or otherwise prevent the payment from the Trust Fund of expenses and other charges as provided in Sections 5.1(i), 11.1 Section 10.1 and 11.2 10.2 of this Trust Agreement or the application of the Trust Fund as provided in Section 6.3 6.4 of this Trust Agreement if the Trust is finally determined not to constitute a grantor trust and (ii) the Trust Fund shall at all times be subject to the claims of the general creditors of Employer the Company as and to the extent set forth in Section 9 8 of this Trust Agreement.
Appears in 1 contract
Sources: Non Qualified Deferred Compensation Plan (Brunswick Bancorp)
Limitation on Use of Funds. 3.1 No part of the corpus of the Trust Fund shall be recoverable by Employer the Company or used for any purpose other than for the exclusive purpose of providing payments to Trust Beneficiaries in accordance with the provisions participants of the Plan and their beneficiaries and defraying reasonable expenses of administration in accordance with the provisions of this Trust Agreement until all such payments required by this Trust Agreement have been made; provided, however, that (i) W nothing in this Section 3 3.1 shall be deemed to limit or otherwise prevent the payment from the Trust Fund of expenses and other charges as provided in Sections 5.1(i), 11.1 9.1 and 11.2 9.2 of this Trust Agreement or the application of the Trust Fund as provided in Section 6.3 5.4 of this Trust Agreement if the Trust is finally determined not to constitute a grantor trust and (ii) the Trust Fund shall at all times be subject to the claims of the general creditors of Employer the Company as and to the extent set forth in Section 9 7 of this Trust Agreement.
Appears in 1 contract
Sources: Trust Agreement (Conocophillips)
Limitation on Use of Funds. 3.1. No part of the corpus of the Trust Fund shall be recoverable by Employer the Company or used for any purpose other than for the exclusive purpose of providing payments to Trust Beneficiaries in accordance with the provisions participants of the Plan and their beneficiaries and defraying reasonable expenses of administration in accordance with the provisions of this Trust Agreement until all such payments required by this Trust Agreement have been made; provided, however, that (i) nothing in this Section 3 3.1 shall be deemed to limit or otherwise prevent the payment from the Trust Fund of expenses and other charges as provided in Sections 5.1(i), 11.1 9.1 and 11.2 9.2 of this Trust Agreement or the application of the Trust Fund as provided in Section 6.3 5.4 of this Trust Agreement if the Trust is finally determined not to constitute a grantor trust and (ii) the Trust Fund shall at all times be subject to the claims of the general creditors of Employer the Company as and to the extent set forth in Section 9 7 of this Trust Agreement.
Appears in 1 contract
Sources: Trust Agreement (Conocophillips)