Common use of Provisions Relating to the Trust Account Clause in Contracts

Provisions Relating to the Trust Account. Section 1.01. The Grantor hereby establishes a trust account (the “Trust Account”) with the Trustee and the Trustee shall administer the Trust Account for the benefit of Beneficiary, upon the terms and conditions hereinafter set forth. The Trust Account shall secure the Obligations to the Beneficiary. The Grantor shall transfer and assign to the Trust Account, on behalf of the Beneficiary, assets consisting of Eligible Assets (as defined in Section 1.03) listed on Exhibit A hereto.

Provisions Relating to the Trust Account. Section 1.01. The Grantor hereby establishes a trust account (the “Trust Account”) with the Trustee and the Trustee. The Trustee shall administer the Trust Account for the sole use and benefit of Beneficiary, upon the terms and conditions hereinafter set forth. The Trust Account shall secure the Obligations to the Beneficiary. The Grantor shall transfer and assign to the Trust Account, on behalf of the Beneficiary, assets consisting of Eligible Assets (as defined in Section 1.03) listed on Exhibit A hereto.

Provisions Relating to the Trust Account. Section 1.01. The Grantor hereby establishes a trust account (the “"Trust Account”") with the Trustee and at the Trustee shall administer the Trust Account for the benefit of BeneficiaryTrustee's office at 0000 X XxxxxXxxxxx, Xxxxx 000, Xxxxxxxxx, XX 00000, upon the terms and conditions hereinafter set forth. The Trust Account shall secure established hereunder is for the Obligations to the Beneficiary. The Grantor shall transfer and assign to the Trust Account, on behalf sole benefit of the BeneficiaryBeneficiary and the assets deposited therein shall he subject to withdrawal by the Beneficiary solely as provided herein. As used herein, assets consisting of Eligible Assets (as defined in Section 1.03) listed on Exhibit A hereto.the term "