Examples of Custodial trustee in a sentence
Within 60 days of the Effective Date in the first year and thereafter by January 1 of each year, the Custodial Trustee shall provide the Governments with an annual budget for administration of the Custodial Trust for review and approval or disapproval by the United States and States that are Lead Government Agencies.
The Custodial Trustee shall create a segregated Custodial Trust Environmental Costs Account (“Custodial Trust Environmental Costs Account”) within the Custodial Trust for each of the Designated Properties (except that the accounts for (i) the Trench Mine Designated Property and Salero Designated Property in Arizona and (ii) Gold Hill Designated Property and Belshazzar Designated Property in Utah, shall each cover the two properties respectively as provided herein).
The administrative funds within the Custodial Trust Administrative Account shall be used by the Custodial Trustee for Administrative Costs.
Further, as part of the conveyance of the Columbus Designated Property to the Custodial Trust, Debtors agree to transfer, and the Custodial Trustee, as hereinafter defined, agrees to accept transfer of the “Operation and Maintenance Agreement and Escrow Agreement for the Columbus Site” (the “Columbus Onsite Agreements”) if such agreements have been executed at the time of conveyance.
Debtors, Reorganized Debtors, or the entity administering the plan of reorganization for the benefit of the creditors, as applicable, will cooperate with the Governments and the Custodial Trustee to record or cause to be recorded in the appropriate real property records the transfer documents within five business days of the Effective Date.