The Trust Assets Clause Samples

The 'Trust Assets' clause defines the specific property, funds, or rights that are held within a trust and managed by the trustee for the benefit of the beneficiaries. This clause typically lists or describes the assets initially placed into the trust, such as real estate, bank accounts, investments, or other valuable items, and may also address how future assets can be added. By clearly identifying what constitutes the trust assets, this clause ensures clarity regarding what the trustee is responsible for managing and what the beneficiaries are entitled to benefit from, thereby preventing disputes and confusion over ownership or administration.
The Trust Assets. The Trust Assets for the Series -_ Securities shall consist of [SFMLs, MFMLs, HELs, HILs or Contracts] having the characteristics described in the Prospectus Supplement dated the date hereof.
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The Trust Assets. The Trust Assets for the Series -_ Securities shall consist of [RLMLs] having the characteristics described in the Prospectus Supplement dated the date hereof.
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The Trust Assets. The Trust Amount, all earnings accrued thereon in accordance with Section 7(c) or Section 8 hereof and any shares or other assets placed in trust in accordance with the terms of this Trust Agreement (the "TRUST ASSETS") shall be held by the Trustee, to be used as specifically provided in this Trust Agreement. Except as expressly provided in Section 13 hereof, the Trustee does not have any interest in the Trust Amount deposited hereunder or the Trust Assets but is serving as Trustee only and having only possession thereof in that capacity.
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The Trust Assets. (1) Contributions shall be paid to the Trustee, from time to time, in accordance with the Plan. All Contributions hereafter made and all investments thereof together with all accumulations, accruals, earnings and income with respect thereto shall be held by the Trustee in trust hereunder as the Trust Assets. The Company and the Trustee shall establish reasonable procedures for making and accepting contributions to the Fund. The Trustee shall accept any contributions paid to it in accordance with such procedures, except that the Trustee may refuse to accept (i) any contribution which it reasonably believes is not made in accordance with such procedures and (ii) any non-cash assets which either are not acceptable to the Trustee or the acceptance of which the Trustee reasonably believes would constitute a prohibited transaction under ERISA or the Code. The Trustee shall not be responsible for the amount or the collection of any contributions to the Fund or for determining whether such contributions are made in accordance with the Plan, ERISA or the Code and such responsibility shall be borne solely by the Company. The Employee Stock Ownership Plan portion of the Trust Assets shall be invested in Company Stock and Qualifying Employer Securities. The Safe Harbor Non-Elective Contributions shall be initially invested in Company Stock and Qualifying Employer Securities pursuant to the provisions of the Cal-Maine Foods, Inc. KSOP. All other Trust Assets received by the Trustee will be invested pursuant to the investment elections made by Members. The Trustee shall not be responsible for the operation or administration of the Plan, maintaining any records of Members’ Accounts under the Plan; provided, if the Company and the Trustee agree, the Trustee shall perform such recordkeeping functions as set forth in a separate recordkeeping agreement between the Company and the Trustee, or the computation of or collection of Contributions, but shall hold, invest, reinvest, manage, administer and distribute the Trust Assets as provided herein for the exclusive benefit of Members, retired Members and their Beneficiaries. (2) Unless otherwise directed by the Company or the Committee provided for in the Plan (hereinafter referred to as the “Committee”), the Trustee shall hold, invest and administer the Trust Assets as a single Trust fund without identification of any part of the Trust Assets with or allocation of any part of the Trust Assets to the Company or to any affiliate ...
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The Trust Assets. The existing assets held by the Trustee in trust under the Plan shall continue to be held by the Trustee hereunder. Employer Contributions shall be paid to the Trustee from time to time in accordance with the provisions of the Plan. All Employer Contributions and all investments thereof, together with all accumulations, accruals, earnings and income with respect thereto, shall be held by the Trustee in trust hereunder as the Trust Assets. The Trust Assets shall be invested by the Trustee as directed by the Committee (appointed by the Company to administer the Plan) pursuant to the terms of the Plan and this Trust Agreement. The Trustee shall not be responsible for the maintaining of the records of Participants' Accounts under the Plan, for the administration of the Plan or for the computation of, or collection of, Employer Contributions. The Trustee shall hold, invest, reinvest, manage, administer and distribute the Trust Assets, as directed by the Committee and as provided herein and under the Plan, for the exclusive benefit of Participants (and their Beneficiaries).
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The Trust Assets. Employer Contributions shall be paid to the Trustee from time to time in accordance with the Plan. All contributions to the Trust and all investments thereof, together with all accumulations, accruals, earnings and income with respect thereto, shall be held by the Trustee in trust hereunder as the Trust Assets. The Trust Assets shall be used to repay a Loan and shall be invested by the Trustee in Company Stock, as provided in the Plan. The Trustee shall not be responsible for the administration of the Plan, maintaining any records of Participants' Accounts under the Plan, or the computation of or collection of contributions, but shall hold, invest, reinvest, manage, administer, and distribute the Trust Assets, as directed by the Committee and as provided herein, for the exclusive benefit of Participants (and their Beneficiaries).
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The Trust Assets 
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Related to The Trust Assets

  • The Trust Fund ▇▇▇▇▇▇ Mae, acting in its capacity as Trustee for the Lower Tier REMIC, does hereby transfer, assign, set over and otherwise convey to ▇▇▇▇▇▇ ▇▇▇, acting in its capacity as Trustee for the Trust Fund established hereby, all of ▇▇▇▇▇▇ Mae’s right, title and interest in and to the Lower Tier Regular Classes, including all payments of principal and interest thereon received after the month of the Issue Date.

  • Trust Assets To the extent permitted by applicable Laws and in accordance with the Serviced Corporate Trust Contracts for Serviced Appointments, ▇▇▇▇▇ Bank hereby appoints the Bank Assets Purchaser and ▇▇▇▇▇ Trust Company hereby appoints the Delaware Trust Assets Purchaser (or the Bank Assets Purchaser, if required by Section 3.3) as custodial agent to receive, hold, deposit, invest and transfer Trust Assets related to the Serviced Appointments of the ▇▇▇▇▇ Bank and ▇▇▇▇▇ Trust Company, respectively. The Trust Assets shall be transferred after the Closing in accordance with the terms of the applicable Serviced Corporate Trust Contract. Each Purchaser represents and warrants to the applicable Seller that the accounts to which the Trust Assets will be transferred satisfy all eligible accounts requirements under the terms of the applicable Serviced Corporate Trust Contract and applicable Law.

  • Sale of Trust Assets (a) [Reserved]. (b) As described in Article Nine of the Trust Agreement, notice of any termination of the Trust shall be given by the Servicer to the Owner Trustee and the Indenture Trustee as soon as practicable after the Servicer has received notice thereof. (c) Following the satisfaction and discharge of the Indenture and the payment in full of the principal of and interest on the Notes, the Certificateholder will succeed to the rights of the Noteholders hereunder and the Owner Trustee will succeed to the rights of, and assume the obligations of, the Indenture Trustee pursuant to this Agreement.

  • The Trust Agreement The Trust Agreement has been duly authorized, executed and delivered by the Company and constitutes a valid and legally binding obligation of the Company enforceable against the Company in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency or similar laws affecting the enforcement of creditors’ rights generally or by equitable principles relating to enforceability.

  • Delaware Trust Assets Purchaser The Delaware Trust Assets Purchaser shall be the Servicer engaged to perform and discharge the Serviced Duties in respect of each Appointment of ▇▇▇▇▇ Trust Company that continues to be treated as a Restricted Appointment.