Trust Payments Sample Clauses

Trust Payments. The Board of Trustees hereby delegates to the Administrator the responsibility for making payments from the Trust Fund, in accordance with rules and regulations established by the Board of Trustees. Payments from the Trust Fund shall be made by electronic transfer or check (or the check of an agent) for deposit to the order of the payee. Payments or other distributions hereunder may be mailed to the payee at the address last furnished to the Administrator. The Trustees shall not incur any liability on account of any payment or other distribution made by the Trust Fund in accordance with this Section. Such payment shall be in full satisfaction of claims hereunder against the Trustee, Administrator or Participating Political Subdivision.

Trust Payments. The Trustees shall delegate to the Administrator the responsibility for making payments from the Trust Fund. Administrator shall make payments from the Trust Fund to Participants, their Beneficiaries and such other persons as the Plan may provide. Such payments shall be made in such manner, in such amounts and for such purposes, including the payment of Plan benefits and the payment of expenses of administration of the Plan, as may be specified in the Plan. The Administrator shall ensure that any payment directed under this Section conforms to the provisions of the Plan, the Trust Agreement, and the provisions of any applicable law. Payments from the Trust shall be made by check (or the check of an agent) or deposit to the order of the payee. Payments or other distributions hereunder may be mailed to the payee at the address last furnished to the Administrator. The Trustees shall not incur any liability or other damage on account of any payment or other distribution made by the Trust in accordance with this Section.

Trust Payments. Notwithstanding anything to the contrary in this Agreement, but subject to Section 2.1(b)(6), (1) any amounts to be paid pursuant to this Agreement in respect of the First Trust Units or to the First Trust or First Trust Beneficiaries shall be paid to the First Trustee, and (2) any amounts to be paid pursuant to this Agreement in respect of the Second Trust Units or to the Second Trust or Second Trust Beneficiaries shall be paid to the Second Trustee.

Trust Payments. The Board of Trustees hereby delegates to the Administrator the responsibility for making payments from the Trust Fund. In accordance with rules and regulations established by the Board of Trustees, the Administrator shall make payments from the Trust Fund as directed by the Treasurer or Chief Investment Officer of each Participating Political Subdivision. Payments shall be made in such manner, in such amounts and for such purposes as may be directed by the respective Treasurer or Chief Investment Officer. Payments from the Trust Fund shall be made by electronic transfer or check (or the check of an agent) for deposit to the order of the payee. Payments or other distributions hereunder may be mailed to the payee at the address last furnished to the Administrator. The Trustees shall not incur any liability on account of any payment or other distribution made by the Trust Fund in accordance with this Section. Such payment shall be in full satisfaction of claims hereunder against the Trustee, Administrator or Participating Political Subdivision.

Trust Payments. (a) Except as otherwise set forth in Charter Section A8.423(d)(2) and (d)(3), the Board may authorize disbursements from the City's sub-trust, other than disbursements to defray the reasonable expenses of administering the RHCTF, only during periods when the City's GASB Actuary has determined that the City's sub-trust is Fully Funded. When the City's sub- trust is Fully Funded, the Board may disburse sub-trust assets to defray the cost of the City's obligation to pay for health coverage for its retired persons, Dependants and their survivors entitled to health care coverage under Section A8.428, and for reasonable expenses, fees and allocated administrative fees and expenses. The Board shall determine the amount and frequency of such disbursements in consultation with the City's GASB Actuary. Prior to January 1, 2015, no disbursements, other than to defray reasonable expenses of administering the Trust Fund, may be made from the Trust.

Trust Payments. The Borrower shall not make any payments to fund, secure or otherwise pay repurchase obligations, reserves or losses or any other payment to any Trust, except as required by the terms thereof. The Borrower shall not consent to the amendment to the terms of any agreement to which Borrower is a party relating to any Trust or securitization, except for the termination of Trust 1997A in connection with its transfer of assets and roll over into a new securitization trust prior to July 1, 1997.

Trust Payments. Evidence acceptable to Lender that Autorics II has transferred its rights to receive 74% of payments from the Trusts to the Borrower and the irrevocable instructions by the Borrower to the Trusts directing payments to the account referenced in Section 2(a)(i)(D) with an acknowledgment by the Trusts.

Trust Payments. The Trustee shall make payments of benefits, as directed by the Company, to the Employee from the assets of the Trust pursuant to the terms of the Plan, if and to the extent such assets are available for distribution.

Trust Payments. It is further agreed that payments to the above Trusts will continue at the rates set forth above until changed or amended by agreement of the parties to this Agreement.

Trust Payments. (a) The State, upon execution of the WY Trust Deeds will, in accordance with the WY Trust Deeds, settle on the WY Trustee Company the sum of $8,000,000.00 to be divided between the WY Trusts in the following manner: (i) $4,000,000.00 by way of contribution into the WY Charitable Trust; and (ii) $4,000,000.00 by way of contribution into the WY General Trust, unless, prior to the Ratification Date, all parties agree to some other manner of division of that sum between the WY Trusts. (b) If, subsequent to the Commencement Date, the State and the WY Trustee Company have not executed the WY Trust Deeds, the WY Trust Funds must be held on trust: (i) for and on behalf of the WY Claim Group; and (ii) in an interest bearing trust account held by the State and the WY Claimants hereby direct that: (iii) the WY Trust Funds are to be paid into the WY Trusts upon execution of the WY Trust Deeds in accordance with clause 12.2(a); and (iv) any interest earned on the WY Trust Funds is to be divided evenly between the WY Trusts.