Common use of Payments to the Bank Clause in Contracts

Payments to the Bank. Except as provided in Section 3 hereof or on account of the Bank's direct payments pursuant to Section 2(c), the Bank shall have no right or power to direct the Trustee to return to the Bank or to divert to others any of the Fixed Trust assets before all payment of benefits have been made to Davis and his beneficiaries pursuant to the terms of the Agreemexx.

Appears in 1 contract

Samples: Trust Agreement (Merchants Bancshares Inc)

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Payments to the Bank. Except as provided in Section 3 hereof or on account of the Bank's direct payments pursuant to Section 2(c)hereof, the Bank shall have no right or power to direct the Trustee to return to the Bank or to divert to others any of the Fixed Trust assets Assets before all payment of benefits have been made the to Davis participant in a Plan and his their beneficiaries pursuant to the terms of the Agreemexxa Plan.

Appears in 1 contract

Samples: Trust Agreement (Versailles Financial Corp)

Payments to the Bank. Except as provided in Section Sections 2 and 3 hereof or on account of the Bank's direct payments pursuant to Section 2(c)hereof, the Bank shall have no right or power to direct the Trustee to return to the Bank or to divert to others any of the Fixed Trust assets before all payment of benefits have been made to Davis Executive and his beneficiaries pursuant to the terms of the AgreemexxSupplemental Agreement.

Appears in 1 contract

Samples: Trust Agreement (Skaneateles Bancorp Inc)

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Payments to the Bank. Except as provided in Section 3 hereof or on account of the Bank's direct payments pursuant to Section 2(c), the Bank shall have no right or power to direct the Trustee to return to the Bank or to divert to others any of the Fixed Variable Trust assets before all payment of benefits have been made to Davis and his beneficiaries pursuant to the terms of the Agreemexx.

Appears in 1 contract

Samples: Trust Agreement (Merchants Bancshares Inc)

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