The Trust Fund. Xxxxxx Mae, acting in its capacity as Trustee for the Lower Tier REMIC, does hereby transfer, assign, set over and otherwise convey to Xxxxxx Xxx, acting in its capacity as Trustee for the Trust Fund established hereby, all of Xxxxxx 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.
The Trust Fund. The Trustee shall receive such sums of money or other property acceptable to the Trustee which shall from time to time be paid or delivered to the Trustee under the Plan. The Trustee shall hold in the Trust Fund all such assets, without distinction between principal and income, together with all property purchased therewith and the proceeds thereof and the earnings and income thereon. The Trustee shall not be responsible for, or have any duty to enforce, the collection of any contributions or assets to be paid or transferred to it, or for verifying whether contributions or transfers to it are allowable under the Plan, nor shall the Trustee be responsible for the adequacy of the Trust Fund to meet or discharge liabilities under the Plan.
The Trust Fund. The “Trust Fund” as at any date means all property then held by the Trustee under this agreement.
The Trust Fund. The Trust Fund shall be held by the Trustee for the exclusive benefit of the Members and their Beneficiaries and shall be invested by the Trustee upon such terms and in such property as is provided in the Plan and in the Trust Agreement. The Trustee shall, from time to time, make payments, distributions and deliveries from the Trust Fund as provided in the Plan. The Trustee in its relation to the Plan shall be entitled to all of the rights, privileges, immunities and benefits conferred upon it and shall be subject to all of the duties imposed upon it under the Plan and Trust Agreement. The Trust Agreement is hereby incorporated in the Plan by reference, and each Employer, by adopting the Plan, affirms the authority of the Company to execute the Trust Agreement (including any amendment or supplement thereto) in its behalf with respect to the Plan.
The Trust Fund. The “Trust Fund” as at any date means all property then held by the Trustee under this agreement. The Trust Fund includes two subaccounts: (i) “Trust Account FP,” which holds amounts designated by the Administrator as Funding Payments and the earnings thereon, and (ii) “Trust Account TP,” which holds amounts designated by the Administrator as Target Payments and the earnings thereon.
The Trust Fund. 4.1 Unless the context clearly implies or indicates the contrary, the term "
The Trust Fund. All assets of the Plan shall be held and invested in the Fund in accordance with the provisions of this Plan and the Trust Agreement.
The Trust Fund. The Trust Fund shall consist of all cash and other property acceptable to and received by the Trustee, plus any investment earnings or gains on such assets and less any investment loss or expense, benefit or disbursement paid pursuant to this Agreement. The Trustee may use a general disbursement account for distributions from the Trust without incurring any liability for payment of interest thereon, provided that the funds do not remain uninvested for an unreasonable time period, notwithstanding the Trustee’s receipt of credit or interest in respect of funds held in such disbursement account.
The Trust Fund. 1.1 The Company hereby deposits in trust with the Trustee the principal sum of Five Hundred Dollars ($500.00) to comprise the initial Trust Fund. Such Trust Fund shall be held, administered, managed and distributed by the Trustee in accordance with the provisions of this Trust Agreement. From time to time during the term of the Trust, the Company shall deposit additional sums with the Trustee to be held as part of the Trust Fund hereunder for the uses and purposes specified herein. Such additional deposits shall be made at such times and in such amounts as the Company's Board of Directors (the "Board") shall deem appropriate in its sole discretion, and the Trustee shall have no responsibility or obligation to compute or collect any contributions or other deposits to be made by the Company to the Trust Fund.
The Trust Fund. Section 4.01 The contributions provided under Article 2 shall be ------------ deposited with the Trustee from time to time. All such deposits and such other funds or securities that shall be deposited with the Trustee under the terms hereof, and any increment thereto and income therefrom shall constitute the Trust Fund and shall be held by the Trustee in trust in a manner consistent with the objectives of the Plans for the exclusive benefit of Participants, Former Participants, or their Beneficiaries.
