Notice of Nonpayment. The TRUSTEE shall notify the GRANTOR and the appropriate DIRECTOR by certified mail within 10 days following the expiration of the 30-day period after the anniversary of the establishment of the Trust, if no payment is received from the GRANTOR during that period. After the pay-in period is completed, the TRUSTEE shall not be required to send a notice of nonpayment.
Appears in 3 contracts
Samples: Standby Trust Agreement, Standby Trust Agreement, Standby Trust Agreement
Notice of Nonpayment. The TRUSTEE shall notify the GRANTOR and the appropriate DIRECTOR by certified mail within 10 days following the expiration of the 30-day period after the anniversary of the establishment of the Trust, if no payment is received from the GRANTOR during that period. After the pay-in period is completed, the TRUSTEE shall not be required to send a notice of nonpayment.
Appears in 3 contracts
Samples: Trust Agreement, Trust Agreement, Trust Agreement
Notice of Nonpayment. The TRUSTEE shall notify the GRANTOR and the appropriate DIRECTOR DEPARTMENT by certified mail within 10 ten days following the expiration of the 30thirty-day period after the anniversary of the establishment of the Trust, TRUST if no payment is received from the GRANTOR during that period. After the pay-in period is completed, the TRUSTEE shall is not be required to send a notice of nonpayment.
Appears in 1 contract
Samples: Trust Agreement
