Common use of Standby Trust Clause in Contracts

Standby Trust. This trust shall remain dormant until funded with the proceeds from the financial mechanism listed on Attachment “A”. The Trustee shall have no duties or responsibilities beyond safekeeping this Document. Upon funding this trust shall become active and be administered pursuant to the terms of this instrument.

Appears in 5 contracts

Samples: Standby Trust Fund Agreement, Standby Trust Fund Agreement, Standby Trust Fund Agreement

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Standby Trust. This trust shall remain dormant until funded with the proceeds from the financial mechanism listed on Attachment “A”. A. The Trustee shall have no duties or responsibilities beyond safekeeping this Document. Upon funding this trust shall become active and be administered pursuant to the terms of this instrument.

Appears in 4 contracts

Samples: Mitigation Bank Standby Trust Fund Agreement, Mitigation Bank Standby Trust Fund Agreement, Mitigation Bank Standby Trust Fund Agreement

Standby Trust. This trust shall remain dormant until funded with the proceeds from the financial mechanism listed on Attachment “AB”. The Trustee shall have no duties or responsibilities beyond safekeeping this Document. Upon funding funding, this trust shall become active and be administered pursuant to the terms of this instrument.

Appears in 4 contracts

Samples: Standby Trust Fund Agreement, Standby Trust Fund Agreement, Standby Trust Fund Agreement

Standby Trust. This trust shall remain dormant until funded with the proceeds from the financial mechanism listed on Attachment “A”. A. The Trustee shall have no duties or responsibilities beyond safekeeping this Documentdocument. Upon funding this trust shall become active and be administered pursuant to the terms of this instrument.

Appears in 4 contracts

Samples: Mitigation Bank Standby Trust Fund Agreement, Mitigation Bank Standby Trust Fund Agreement, Mitigation Bank Standby Trust Fund Agreement

Standby Trust. This trust shall remain dormant until funded with the proceeds from the _______________________ (Name of the Surety Bond, Letter of Credit, or Insurance Policy) financial mechanism listed on Attachment A, or subsequent Agency-approved sureties established for this purpose. The Trustee shall have no duties or responsibilities beyond safekeeping this Document. Upon funding this trust shall become active and be administered pursuant to the terms of this instrument.

Appears in 2 contracts

Samples: Mitigation Bank Standby Trust Fund Agreement, Mitigation Bank Standby Trust Fund Agreement

Standby Trust. This trust shall remain dormant until funded with the proceeds from the financial mechanism listed on Attachment “A”. B. The Trustee shall have no duties or responsibilities beyond safekeeping this Document. Upon funding this trust shall become active and be administered pursuant to the terms of this instrument.

Appears in 1 contract

Samples: Mitigation Bank Standby Trust Fund Agreement

Standby Trust. This trust Trust shall remain dormant until funded with the proceeds from the financial mechanism as listed on Attachment Schedule B. The Insert A”. The Letter of Credit” or “Surety Bond” Trustee shall have no duties or responsibilities beyond safekeeping this Documentdocument. Upon funding this trust Trust shall become active and be administered pursuant to the terms of this instrument.

Appears in 1 contract

Samples: Trust Agreement

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Standby Trust. This trust shall remain dormant until funded with the proceeds from the financial mechanism listed on Attachment “AB”. The Trustee shall have no duties or responsibilities beyond safekeeping this Document. Upon funding this trust shall become active and be administered pursuant to the terms of this instrument.

Appears in 1 contract

Samples: Mitigation Bank Standby Trust Fund Agreement

Standby Trust. This trust Trust shall remain dormant until funded with the proceeds from the financial mechanism [insert “Surety Bond” or “Certificate of Deposit”] as listed on Attachment “A”. Schedule B. The Trustee shall have no duties or responsibilities beyond safekeeping this Document. Upon funding funding, this trust Trust shall become active and be administered pursuant to the terms of this instrument.

Appears in 1 contract

Samples: Standby Trust Fund Agreement

Standby Trust. This trust shall remain dormant until funded with the proceeds from the financial mechanism listed on Attachment "A". The Trustee shall have no duties or responsibilities beyond safekeeping this Document. Upon funding this trust shall become active and be administered pursuant to the terms of this instrument.

Appears in 1 contract

Samples: Mitigation Bank Standby Trust Fund Agreement

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