Manner of Making Distributions. Owner Trustee shall make all distributions to Trustor under this Agreement and any Lease promptly upon the receipt of proceeds available for distribution, but shall not be obligated to make any distributions until the funds therefor have been received by Owner Trustee. All distributions to Trustor hereunder shall be made to such account and in such manner as Trustor shall from time to time direct in writing.
Appears in 2 contracts
Samples: Trust Agreement, Trust Agreement (Ubics Inc)
Manner of Making Distributions. Owner Trustee shall make all distributions to Trustor under this Agreement and any Lease promptly upon the receipt of proceeds available for distribution, but shall not be obligated to make any distributions until the funds therefor have been received by Owner Trustee. All distributions to Trustor hereunder shall be made to such account and in such manner as Trustor shall from time to time direct in writing.
Appears in 1 contract
Samples: Trust Agreement
Manner of Making Distributions. Owner Trustee shall make all distributions to Trustor Owner Participant under this Agreement and any Lease promptly upon the receipt of proceeds available for distribution, but shall not be obligated to make any distributions until the funds therefor have been received by Owner Trustee. All distributions to Trustor Owner Participant hereunder shall be made to such account and in such manner as Trustor Owner Participant shall from time to time direct in writing.
Appears in 1 contract
Samples: Trust Assignment and Assumption Agreement (Air T Inc)
