Payments out of the Trust Fund. To make payments out of the Trust Fund to the person, and in the form and manner, specified in Instructions.
Payments out of the Trust Fund. Subject to the remainder of this Section 2.06, the Trustee shall, on the written directions of the Company and the Partnership, from time to time make payments out of the Trust Fund to such persons (which may include the Company or the Partnership) in such manner and in such amounts as is required under the terms of the Plan or Plans and this Trust Agreement. Except where an Event of Default has occurred, where the Trust Fund includes a Letter of Credit the Trustee, in accordance with this Trust Agreement, shall pay to the bank which has agreed to issue the Letter of Credit (or any renewal or replacement thereof) on or before the date such payment is due, the portion of the Contribution which the Company informs the Trustee in writing is to be used as fees for the applicable Letter of Credit, as fees. Following a Trigger, the Trustee shall act on the written direction of the Actuary as to the amounts to be paid out, to whom such amounts are to be paid and the dates of such payment, all in accordance with the Actuary’s interpretation of the Plans and the Trustee shall pay for the services of the Actuary in this regard from the Trust Fund. In the event of a Trigger, the Actuary shall consult with the Representative Participant with respect to such matters. In the event that there has been an Event of Default as described in paragraph (d) of the definition thereof and section 2.04(b) is applicable, the Trustee shall act on the written direction of the Actuary as to the amounts to be paid out, to whom such amounts are to be paid and the dates of such payment, all in accordance with the Actuary’s interpretation of the Plans, and the Trustee shall pay for the services of the Actuary in this regard from the Trust Fund. Upon a payment being made, the amount thereof shall no longer constitute a part of the Trust Fund. After all payments required to be made to all of the Participants in accordance with such directions have been made or provided for and no Participant is entitled to receive further payments from the Trust Fund, the balance of the Trust Fund shall be promptly paid over to the Company by the Trustee. In each instance, the written direction shall include a certification to the Trustee that such direction is in accordance with the terms of the Plans and this Trust Agreement. If any person to whom payments are to be made is legally incompetent to receive them, the Trustee may make such payments to such person’s legal representative, and the receipt by suc...
Payments out of the Trust Fund. The Trustee, in accordance with this Trust Agreement shall pay to the bank which has agreed to issue the original Letter of Credit or any renewal or replacement thereof, on or before the date such payment is due, the Contribution made by the Company as fees for the applicable Letter of Credit. The Trustee shall, on the written directions of the Company, from time to time make payments out of the Trust Fund to such persons (including the Company) in such manner and in such amounts as is required under the terms of the Plan and this Trust Agreement. In the event that the Trustee has made demand and received payment under the Letter of Credit pursuant to section 2.4(a) or (b), the Trustee shall act on the written direction of the Actuary as to the amounts to be paid out, to whom such amounts are to be paid and the dates of such payment, all in accordance with the Actuary's interpretation of the Plan and the Trustee shall pay for the services of the Actuary in this regard from the Trust Fund. Upon payment being made, as contemplated in this section 2.6 or section 5.4, the amount thereof shall no longer constitute a part of the Trust Fund. In each instance, the written direction authorizing payment to be made shall include a certification to the Trustee that such direction is in accordance with the terms of the Plan and this Trust Agreement. If any person to whom payments are to be made is legally incompetent to receive them, the Trustee may make such payments to such person's legal representative, and the receipt by such person's legal representative shall be a complete release and discharge to the Trustee.
Payments out of the Trust Fund. (1) Years of Less Than 100% Table A Allocation. In any year in which the State's allocation of Annual Entitlement to the District by April 15th of that year is less than one hundred percent (100%) of the District's requested Annual Entitlement for that year, at the direction of the Water User, the District shall request the Trustee of the Trust Fund to the extent there are funds in the Water User's Account, distribute to the State (or the District) amounts specified in Article 51(h)(4)(I) of the State Contract. The District shall debit each Water User's Trust Fund Account by the amount of reduction the respective Water Users received on his State billings.
