Use of Trust Funds. (a) Without further specific action of the Trustees, but subject to any limitations or conditions set by the Trustees in its bylaws or regulations, the administrators designated by the Trustees shall disburse or authorize disbursement of moneys from funds of the Trust for any of the following purposes:
Use of Trust Funds. Except as provided in Section 9.1, under no circumstances shall any part of the Trust be recoverable by the Employer or any Affiliated Employer from the Trustee or from any Participant or former Participant, his or her Beneficiaries, or any other person or be used for or diverted to purposes other than for the exclusive purposes of providing benefits to Participants and their Beneficiaries, and defraying reasonable expenses of administering the Plan and Trust; provided, however, that:
Use of Trust Funds. Except as herein provided, under no circumstances shall any contributions to the Trust or any part of the Trust Fund be recoverable by the Company from the Trustee, or be used for or diverted to purposes other than for the exclusive purposes of providing benefits to Indemnitees. Upon execution of this Trust Agreement, the Company shall have no right, title or interest in the Trust Fund other than the reversionary interest in Section 1.4(c).
Use of Trust Funds. In connection with any funds held in trust for the Client (whether in general or separate interest bearing), when GMA is authorized to release the funds the Client hereby authorizes GMA to apply such monies:
Use of Trust Funds. Except as provided for in this Agreement and the Plan, under no circumstances shall any contributions by an Employer to the Trust, or any part of the Trust Fund, be recoverable by an Employer from the Trustee, or be used for or diverted to purposes other than for the exclusive purposes of providing benefits to the Members; provided, however, that:
Use of Trust Funds. The Trustor is obligated to satisfy the annuity payments due to its annuitants. Notwithstanding the preceding sentence, the Trustee shall, upon the request of the Trustor, transfer to the Trustor or the designated annuitants amounts necessary to satisfy those annuity payment obligations. The Trustor shall have the right to withdraw from time to time, pursuant to an appropriate resolution of its governing body and a written request to the Trustee, such amounts determined to the satisfaction of the Insurance Commissioner to be excess over and above the reserves required by California Insurance Code Section 11521, as amended from time to time.
Use of Trust Funds. 5.1 Attorney In Fact’s Authority. Without prejudice to Section 3.3 above, the Attorney In Fact shall have the right, upon receipt of written instructions from the relevant Managing Agent in the form attached hereto as Schedule B (which instructions shall be copied by the relevant Managing Agent to the Trustee and to Lloyd’s), at any time and from time to time to instruct the Trustee in writing to make withdrawals from the relevant Trust Funds for the purposes set out in Sections 5.2(a) and 5.2(b). The Trustee shall confirm that the instructions received from the Attorney In Fact accord with the copy instructions received by the Trustee from the relevant Managing Agent and shall, subject to such confirmation, make withdrawals from the relevant Trust Funds in accordance with the instructions in writing of the Attorney In Fact. No other statement or document need be presented to the Trustee by the Attorney In Fact in order to instruct the Trustee to make a withdrawal from any Trust Fund.
Use of Trust Funds. Amounts withdrawn from a Trust Fund shall be applied as follows:
Use of Trust Funds. 11 Section 7.3 Notices....................................................11 Section 7.4 Construction...............................................12 EXHIBIT A Trust Fund EXHIBIT B Trustee Compensation Schedule EXHIBIT 10.25 INDEMNIFICATION TRUST AGREEMENT This Indemnification Trust Agreement (the "Trust Agreement"), is entered as of March 1, 2002 among Simon Worldwide, Inc., a Delaware corporation ("SWWI"), and Simon Marketing, Inc., a Delaware close corporation ("SMI") and wholly-owned subsidiary of SWWI (SWWI and SMI are collectively referred to herein as the "Company"), and Development Specialists, Inc., an Illinois corporation through Geoffrey L. Berman (the "Trustee").
Use of Trust Funds. The Owner Trustee and the Owner Trust will not pay out any funds to any company or Person except (i) as contemplated by the Overall Transaction; (ii) in the ordinary course of business including the operation and/or repair of the Vessels and other vessels owned, managed or operated by such parties and (iii) the servicing of Permitted Indebtedness provided, however, it shall not prepay any such Permitted Indebtedness other than the Outstanding Indebtedness; (l)
