Common use of PROHIBITION OF DIVERSION Clause in Contracts

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. (a) At no time prior to the satisfaction of all liabilities with respect to Participants 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 participants and their beneficiaries. Except as provided in paragraphs (b), (c) and (d) below, and Article THIRTEENTHArticles 13 and 14, 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 participants in the Plan and their beneficiaries and defraying the reasonable expenses of administering the Plan.

PROHIBITION OF DIVERSION. (a) At no time prior to the satisfaction of all liabilities with respect to Participants participants in the Plan Plans 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 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 Employer or any Participating Employer and shall be held for the exclusive purpose of providing benefits to Participants participants in the any Plan and their beneficiaries and defraying the reasonable expenses of administering the PlanPlans.