Common use of The Apportionment of Surplus Funds Clause in Contracts

The Apportionment of Surplus Funds. If Property remains in the Trust Fund after all Reclamation Obligations are discharged, then the Trustee, with the approval of the NEB, may distribute the Trust Fund or any part thereof among any of the Beneficiaries, including the Orphan Pipeline Fund, or, where such is the case, a single Beneficiary and the said Orphan Pipeline Fund as the Trustee in its sole discretion sees fit.

Appears in 2 contracts

Samples: Trust Agreement, Trust Agreement

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The Apportionment of Surplus Funds. If Property remains in the Trust Fund after all Reclamation Obligations are discharged, then the Trustee, with the approval of the NEBCER, may distribute the Trust Fund or any part thereof among any of the Beneficiaries, including the Orphan Pipelines AccountOrphan Pipeline Fund, or, where such is the case, a single Beneficiary and the said Orphan Pipelines Account Orphan Pipeline Fund as the Trustee in its sole discretion sees fit.

Appears in 1 contract

Samples: Trust Agreement

The Apportionment of Surplus Funds. If Property remains in the Trust Fund after all Reclamation Obligations are discharged, then the Trustee, with the approval of the NEB, may distribute the Trust Fund or any part thereof among any of the Beneficiaries, including the thean Orphan Pipeline Fund, or, where such is the case, a single Beneficiary and the said Orphan Pipeline Fund as the Trustee in its sole discretion sees fit.

Appears in 1 contract

Samples: Trust Agreement

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The Apportionment of Surplus Funds. If Property remains in the Trust Fund after all Reclamation Obligations are discharged, then the Trustee, with the approval of the NEBNEBCER, may distribute the Trust Fund or any part thereof among any of the Beneficiaries, including the Orphan Pipeline Fund, or, where such is the case, a single Beneficiary and the said Orphan Pipeline Fund as the Trustee in its sole discretion sees fit.

Appears in 1 contract

Samples: Trust Agreement

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