Common use of Resumption of Benefits; Restoration of Accounts Clause in Contracts

Resumption of Benefits; Restoration of Accounts. In the event the Trustee ceases making distributions by reason of Subsection 17.1, the Trustee shall resume making distributions pursuant to Sections 4, 8, or 13 of this Agreement only after the Trustee has determined that the Company is no longer insolvent or upon receipt of an order of a court of competent jurisdiction requiring such distributions. In making any determination under this Section, the Trustee may rely upon a certificate of the Board of Directors and the Chief Executive Officer of the Company.

Appears in 4 contracts

Samples: Trust Agreement (Vencor Inc), Trust Agreement (Tidewater Inc), Trust Agreement (Wachovia Corp/ Nc)

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Resumption of Benefits; Restoration of Accounts. In the event the Trustee ceases making distributions by reason of Subsection Section 17.1, the Trustee shall resume making distributions pursuant to Sections 4, 8, or 13 of this Agreement only after the Trustee has determined that the Company is no longer insolvent or upon receipt of an order of a court of competent jurisdiction requiring such distributions. In making any determination under this Section, the Trustee may rely upon a certificate of the Board of Directors and the Chief Executive Officer of the Company.

Appears in 2 contracts

Samples: Trust Agreement (Beckman Instruments Inc), Trust Agreement (Beckman Instruments Inc)

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Resumption of Benefits; Restoration of Accounts. In the event the Trustee ceases making distributions by reason of Subsection Section 17.1, the Trustee shall resume making distributions pursuant to Sections 4, 8, 4 or 13 of this Agreement only after the Trustee has determined that the Company is no longer insolvent or upon receipt of an order of a court of competent jurisdiction requiring such distributions. In making any determination under this SectionSection 17, the Trustee may rely upon a certificate of the Board of Directors and the Chief Executive Officer of the Company.

Appears in 1 contract

Samples: Benefit Equity Trust Agreement (Beckman Coulter Inc)

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