Payment for Bodily Injury or Property Damage. The Trust Fund so established shall be used solely to provide for the payment of third‑party liability awards and settlements for bodily injury and property damage caused by occurrences arising from the operations of the facilities covered by this Agreement. The Trustee shall satisfy such awards and settlements by drawing on the letter of credit described in attached Exhibit A, and by making payments from the Trust Fund only upon receipt of one of the following documents:
Appears in 3 contracts
Samples: Trust Agreement, Trust Agreement, Trust Agreement
Payment for Bodily Injury or Property Damage. The Trust Fund so established shall be used solely to provide for the payment of third‑party liability awards and settlements for bodily injury and property damage caused by occurrences arising from the operations of the facilities covered by this Agreement. The Trustee shall satisfy such awards and settlements by drawing on the letter of credit described in attached Exhibit A, and by making payments from the Trust Fund only upon receipt of one of the following documents:
Appears in 3 contracts
Samples: Management Liability Trust Agreement, Management Liability Trust Agreement, Trust Agreement
