PROHIBITION OF DIVERSION Sample Clauses

PROHIBITION OF DIVERSION. Section 4.1. Except as provided in Section 4.2 herein, at no time prior to the satisfaction of all liabilities with respect to Participants and their beneficiaries under the Plan shall any part of the corpus or income of the Fund be used for, or diverted to, purposes other than for the exclusive benefit of Participants or their beneficiaries, or for defraying reasonable expenses of administering the Plan.
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PROHIBITION OF DIVERSION. (a) At no time prior to the satisfaction of all liabilities with respect to Participants in the Plan and their beneficiaries shall any part of the corpus or income of the Trust Fund be used for, or diverted to, purposes other than for the exclusive benefit of such Participants and their beneficiaries. Except as provided in paragraphs (b), (c) and (d) below, and Article THIRTEENTH, the assets of the Trust Fund shall never inure to the benefit of the Company and shall be held for the exclusive purpose of providing benefits to Participants in the Plan and their beneficiaries and defraying the reasonable expenses of administering the Plan.
PROHIBITION OF DIVERSION. Except as provided in Sections 3.3, 4.2 and 17.4, at no time prior to the satisfaction of all liabilities with respect to Participants and their beneficiaries under this Trust shall any part of the corpus and/or income of this Trust be used for, or diverted to, purposes other than for the exclusive benefit of such Participants and their beneficiaries, and the assets of this Trust shall never inure to the benefit of the Company or its creditors (except the Participants and beneficiaries) and shall be held for the exclusive purposes of providing benefits to Participants in the Transferred Plans and their beneficiaries and defraying reasonable expenses of administering the Transferred Plans or performing any of the Trustee's duties under this Agreement.
PROHIBITION OF DIVERSION. (a) Except as provided in subparagraph (b) hereof, at no time prior to the satisfaction of all liabilities with respect to Participants and their successor in interest under the Plan shall any part of the corpus or income of the Trust Fund be used for, or diverted to, purposes other than for the exclusive benefit of Participants or their successors in interest or for defraying reasonable expenses of administering the Plan including, but not limited, to the Trustee's fee.
PROHIBITION OF DIVERSION. (a) It shall be impossible by operation of the Trust or by its natural termination, by power of revocation or amendment, by the happening of any contingency, by collateral arrangement or by any other means, for any part of the corpus or income of the Trust or any funds contributed thereto to be used for or diverted to purposes other than as described herein.
PROHIBITION OF DIVERSION. (a) Except as provided in (b) below, at no time shall any part of the corpus or income of the Trust Fund be used for, or diverted to, purposes other than for the exclusive benefit of Participants or their Beneficiaries, or for defraying reasonable expenses of administering the Plan.
PROHIBITION OF DIVERSION. Section 5.1. Except as provided in Section 5.2 of this Article, at no time prior to the satisfaction of all liabilities with respect to Participants and their beneficiaries under any Participating Plan shall any part of the equitable share of such Participating Plan in the corpus or income of the Fund be used for, or diverted to, purposes other than for the exclusive benefit of Participants or their beneficiaries with respect to such Participating Plan, or for defraying reasonable expenses of administering the Participating Plan. Except as permitted by ERISA and the Code, no Participating Plan may make any assignment, in whole or in part, of its beneficial interest in the Master Trust.
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PROHIBITION OF DIVERSION. 16.1 Except as provided in Sections 3.2, 4.2, 5.2, 15.1, and 16.2, no time prior to the satisfaction of all liabilities with respect to Participants under the Plans shall any part of the corpus and/or income of the Trust be used for, or diverted to, purposes other than for the exclusive benefit of such Participants in receiving benefits under the Plans and defraying reasonable expenses of administering the Plans or performing any of the Trustee's duties under this Trust Agreement.
PROHIBITION OF DIVERSION. 31 Article 17 Prohibition of Assignment of Interest..............32 Article 18 Miscellaneous......................................33 DEFINITIONS
PROHIBITION OF DIVERSION. (1) At no time prior to the satisfaction of all liabilities with respect to Participants in the Plan and their beneficiaries shall any part of the corpus or income of the Trust Fund be used for, or diverted to, purposes other than for the exclusive benefit of such Participants and their beneficiaries. Except as provided in subparagraphs (2), (3) and (4) below, and Article THIRTEENTH, or as otherwise permitted under the provisions of the Plan, the assets of the Trust Fund shall never inure to the benefit of the Company and shall be held for the exclusive purpose of providing benefits to Participants in the Plan and their beneficiaries and defraying the reasonable expenses of administering the Plan.
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