Purpose of the PRT. 2.2.1 The sole purpose of the PRT is to provide funds for the purpose of discharging Reclamation Obligations. 2.2.2 The PRT shall be administered so that all contributions to and income or gains of the PRT shall be used to: (a) discharge the Reclamation Obligations; (b) compensate the Trustee or its Agents for services rendered or expenses incurred in accordance with this Agreement; (c) discharge the PRT's Tax Obligations; and these payments only.
Appears in 4 contracts
Samples: Trust Agreement, Trust Agreement, Trust Agreement
Purpose of the PRT. 2.2.1 The sole purpose of the PRT is to provide the funds for the purpose of discharging Reclamation Obligations.
2.2.2 The PRT shall be administered so that all contributions to and income or gains of the PRT shall be used to:
(a) discharge the Reclamation Obligations;
(b) compensate the Trustee or its Agents for services rendered or expenses incurred in accordance with this Agreement;
(c) discharge the PRT's Tax Obligations; and these payments only.
Appears in 1 contract
Samples: Trust Agreement
