Examples of Existing Trust Agreement in a sentence
The MDTA determined to finance the construction of the Seagirt Marine Terminal (the “Seagirt Marine Terminal”), which by Resolution, the MDTA designated as a General Account Project within the meaning of the Existing Trust Agreement, and to pay such costs from available funds of the MDTA.
Effective as of the Closing and after giving effect to the releases of security interests, assignments and transfers on the Closing Date provided for or described in Section 3, the Existing Trust Agreement (including the exhibits and schedules thereto) shall be amended and restated in the form attached hereto as Exhibit A.
The provisions of Section 4.01 of the Existing Trust Agreement relating to indemnification of the Trustee shall survive the amendment and restatement of the Existing Trust Agreement.
Nothing herein is intended to release the NARCO Asbestos Trust from the compensation and reimbursement obligations under sections 5.5, 5.6, 6.5 and 7.5 of the Existing Trust Agreement for amounts accrued and unpaid prior to Closing.
The Initial Trustee withdrew and the Delaware Trustee was admitted pursuant to the Existing Trust Agreement.