Common use of No Trust Fund Clause in Contracts

No Trust Fund. Nothing contained in this Agreement and no action taken pursuant to the provisions of this Agreement shall create or be construed to create a trust of any kind. To the extent that Xx. Xxxxxxxxxx acquires a right to receive payments from the University under this Agreement, the University's obligation to make such payments represents an unfunded promise or covenant to pay such amount running from the University to Xx. Xxxxxxxxxx.

No Trust Fund. Nothing contained in this Agreement and no action taken pursuant to the provisions of this Agreement shall create or be construed to create a trust of any kind. To the extent that Xx. Xxxxxxxxxx Xxxxx acquires a right to receive payments from the University under this Agreement, such rights shall be no greater than the right of any unsecured, general creditor to the University's obligation to make such payments represents an unfunded promise or covenant to pay such amount running from the University to Xx. Xxxxxxxxxx.

No Trust Fund. Nothing contained in this Agreement and no action taken pursuant to the provisions of this Agreement shall create or be construed to create a trust of any kind. To the extent that Xx. Xxxxxxxxxx Xxxxxxxx acquires a right to receive payments from the University under this AgreementUniversity, such rights shall be no greater than the right of any unsecured, general creditor of the University's obligation to make such payments represents an unfunded promise or covenant to pay such amount running from the University to Xx. Xxxxxxxxxx.