Common use of Tribal Administration Cost Subaccount Clause in Contracts

Tribal Administration Cost Subaccount. As soon as practicable after the Trust Effective Date, the Trustee shall establish a Tribal Administration Cost Subaccount which shall be funded in accordance with the specific allocation in accordance with Appendix D-1. The funds in this subaccount shall be used exclusively to pay for the Trust’s expenses relating to administering the Tribal Allocation Subaccount; provided, however, that the Trustee may also draw upon this account for a weighted portion of Shared Administration Costs in accordance with the preceding subparagraph. The funds in this subaccount shall be internally allocated and debited in the same fashion as described in subparagraph 2.1.2.1. Additionally, the consultation process required by Paragraph 2.1.1 may direct that a portion of the funds in this subaccount be used to fund a separate entity established in order to determine which Eligible Mitigation Actions to submit to the Trustee. Although the Tribal Administration Cost Subaccount shall be administered hereunder as a subaccount of the Trust Administration Cost Subaccount, it shall be funded separately in accordance with Appendix D-1. No additional Trust Assets may be directed to the Tribal Administration Cost Subaccount, or to the payment of Tribal Administration Costs, absent further order of the Court.

Tribal Administration Cost Subaccount. As soon as practicable after the Trust Effective Date, the Trustee shall establish a Tribal Administration Cost Subaccount which shall be funded in accordance with the specific allocation in accordance with Appendix D-1. The funds in this subaccount shall be used exclusively to pay for the Trust’s expenses relating to administering the Tribal Allocation Subaccount; provided, however, that the Trustee may also draw upon this account for a weighted portion of Shared Administration Costs in accordance with the preceding subparagraph. The funds in this subaccount shall be internally allocated and debited in the same fashion as described in subparagraph 2.1.2.1. Additionally, the consultation process required by Paragraph 2.1.1 may direct that a portion of the funds in this subaccount be used to fund a separate entity established in order to determine which Eligible Mitigation Actions to submit to the Trustee. Although the Tribal Administration Cost Subaccount shall be administered hereunder as a subaccount of the Trust Administration Cost Subaccount, it shall be funded separately in accordance with Appendix D-1. No additional Trust Assets may be directed to the Tribal Administration Cost Subaccount, or to the payment of Tribal Administration Costs, absent further order of the Court.. Case 3:15-md-02672-CRB Document 2103-1 Filed 10/25/16 Page 186 of 225 5 APPENDIX D TO PARTIAL CONSENT DECREE MDL No. 2672 CRB (JSC)