Common use of Payments to Company Clause in Contracts

Payments to Company. 4.1 Except to the extent expressly contemplated by this Article IV, the Company shall have no right or power to direct the Trustee to return any of the Trust assets to the Company before all payments of Benefits have been made to all Trust Beneficiaries as provided in this Agreement.

Appears in 3 contracts

Samples: Trust Agreement (Cliffs Natural Resources Inc.), Trust Agreement (Cleveland Cliffs Inc), Trust Agreement (Cleveland Cliffs Inc)

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Payments to Company. 4.1 Except to as provided in Sections 3 and in this Section 4(b), because the extent expressly contemplated by this Article IVTrust is irrevocable, in accordance with Section 1(b) hereof, the Company shall not have no the right or the power to direct the Trustee to return to the Company or to divert to others any of the Trust assets to the Company before all payments payment of Benefits benefits have been made to all Trust Beneficiaries as provided in this AgreementParticipants or their beneficiaries pursuant to the terms of the Plan.

Appears in 2 contracts

Samples: Trust Agreement (Greenbrier Companies Inc), Trust Agreement (Greenbrier Companies Inc)

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