Common use of No Trust Fund Clause in Contracts

No Trust Fund. This Agreement shall not be construed to create a trust or separate fund of any kind or a fiduciary relationship between the Company and you or any other person. To the extent that you acquire the right to receive payments from the Company under this Agreement, such right shall be no greater than the right of any unsecured general creditor of the Company.

Appears in 2 contracts

Samples: Letter Agreement (Versum Materials, Inc.), Versum Materials, Inc.

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No Trust Fund. This Agreement shall not be construed to create (or an obligation to create) a trust or separate fund of any kind or a fiduciary relationship between the Company and you or any other person. To the extent that you acquire the right to receive payments from the Company under this Agreement, such right shall be no greater than the right of any unsecured general creditor of the Company. The obligations of the Company to make payments under this Agreement shall be contractual only and all such payments shall be made solely from the general assets of the Company.

Appears in 1 contract

Samples: Waiver and Release Agreement (Aaron's Company, Inc.)

No Trust Fund. This Agreement shall will not be construed to create a trust or separate fund of any kind or a fiduciary relationship between the Company and any of its affiliates and you or any other person. To the extent that you acquire the right to receive payments from the Company under this Agreement, such right shall will be no greater than the right of any unsecured general creditor of the Company.

Appears in 1 contract

Samples: Personal and Confidential (Snap One Holdings Corp.)

No Trust Fund. This Agreement shall will not be construed to create a trust or separate fund of any kind or a fiduciary relationship between the Company and any of its affiliates and you or any other person. To the extent that you (or your designated beneficiary, legal representative or estate, as applicable) acquire the right to receive payments from the Company or any of its affiliates under this Agreement, such right shall will be no greater than the right of any unsecured general creditor of the Company.

Appears in 1 contract

Samples: Letter Agreement (Hovnanian Enterprises Inc)

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No Trust Fund. This Agreement shall will not be construed to create a trust or separate fund of any kind or a fiduciary relationship between the Company and you or any other person. To the extent that you acquire the right to receive payments from the Company under this Agreement, such right shall will be no greater than the right of any unsecured general creditor of the Company.

Appears in 1 contract

Samples: ODP Corp

No Trust Fund. This Agreement shall will not be construed to create a trust or separate fund of any kind or a fiduciary relationship between the Company and any of its affiliates and you or any other personperson or entity. To the extent that you acquire the right to receive payments from the Company under this Agreement, such right shall will be no greater than the right of any unsecured general creditor of the Company.

Appears in 1 contract

Samples: First Data Corp

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