Examples of Custodial Trust in a sentence
For NSW Health, all funds held in Restricted Financial Assets and Custodial Trust Fund accounts are considered ‘restricted’.
This Settlement Agreement hereby incorporates in full the Environmental Custodial Trust Agreement that is entered into by the parties thereto.
Unless otherwise expressly provided herein, terms used in this Settlement Agreement that are defined in CERCLA, CERCLA regulations, the Bankruptcy Code, or the Environmental Custodial Trust Agreement attached as Exhibit B hereto shall have the meaning assigned to them therein.
The Cimarron Trust Agreement shall not be subject to any provision of the Uniform Custodial Trust Act as adopted by any state, now or in the future.
The Trust Agreement shall not be subject to any provision of the Uniform Custodial Trust Act as adopted by any state, now or in the future.
All such conveyance documents shall be agreed to in form by ASARCO and the Custodial Trust, provided that in no event shall the conveyance document include any warranty whatsoever by the grantor by virtue of the grant document or the statutory or common law, or otherwise.
For all federal income tax purposes, the Environmental Custodial Trust Trustee and Settlors shall treat the transfer of the Custodial Trust Assets by Settlors to the Environmental Custodial Trust as a transfer to a qualified settlement fund pursuant to section 468B of the Internal Revenue Code and related Treasury Regulations.
The parties hereto agree that, as of the Closing Date, Debtors, the Reorganized Debtors, and the Custodial Trust Parties are entitled to protection from contribution actions or claims as provided by Section 113(f)(2) of CERCLA, 42 U.S.C. § 9613(f)(2) or similar state law for matters addressed in this Settlement Agreement.
The Environmental Custodial Trust Trustee shall be under no liability for interest or producing income on any moneys received by the Environmental Custodial Trust hereunder and held for distribution or payment as provided in this Agreement, except as such interest is actually received by the Environmental Custodial Trust.
Subject to the provisions of Section 4.11 herein, the term of the Environmental Custodial Trust Trustee shall be for ten years at which time the Environmental Custodial Trust Trustee may be re-appointed or terminated.