Examples of Fund Proceeds in a sentence
Building Bond Proceeds Fund Proceeds from construction bonds may be recorded in this fund.
The Trustee and the Agent each are authorized to release any information about the Fund and the Fund Proceeds, after the Annuitant’s death, to either the Annuitant’s Estate Representative or the designated beneficiary, or both, as the Trustee deems advisable.
Subject to Applicable Laws, and if the Annuitant has not elected a successor annuitant or the successor annuitant has predeceased the Annuitant, the Annuitant may designate a beneficiary to receive the Fund Proceeds on the Annuitant’s death.
For greater certainty, upon the death of the Annuitant, the Trustee shall hold the segregated funds as Fund Proceeds for any beneficiary designated by the Annuitant under the Fund, in accordance with this Declaration of Trust.
Subject to section 11: If You designate trustee(s) as or for the Beneficiary of the Fund, You are directing Us to pay the Fund Proceeds to the trustee(s) (“RRIF Benefit Trustee”) to hold and distribute in accordance with the governing trust provisions contained in the Instrument.