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: Trust Fund Agreement, Trust Fund Agreement, Trust Fund Agreement

AutoNDA by SimpleDocs

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: Trust Fund Agreement, Trust Fund Agreement, 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 Document. Upon funding this trust shall become active and be administered pursuant to the terms of this instrument.

Appears in 4 contracts

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

Standby Trust. This trust Trust shall remain dormant until funded with the proceeds from financial instrument(s) as directed by the financial mechanism listed on Attachment “A”FDEP or from any other source. The Trustee shall have no duties or responsibilities beyond safekeeping this Documentdocument and annually submitting to FDEP a valuation statement. Upon funding funding, this trust Trust shall become active and be administered pursuant to the terms of this instrument.

Appears in 2 contracts

Samples: Trust Fund Agreement, www.flrules.org

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: Trust Agreement, Trust Agreement

AutoNDA by SimpleDocs

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: 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 this trust shall become active and be administered pursuant to the terms of this instrument.

Appears in 1 contract

Samples: 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: Trust Agreement

Time is Money Join Law Insider Premium to draft better contracts faster.