Share of the Trust Fund definition

Share of the Trust Fund means, in the case of each Participant, that portion of the Trust's assets which is allocated to the Accounts of the Participant in accordance with Article 7 of the Plan.
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Share of the Trust Fund means, in the case of each Participant, that portion of the Trust’s assets which is credited to the account of the Participant in accordance with Article 7 of the Plan.
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Share of the Trust Fund means, in the case of each Participant, that portion of the Trust's assets which is allocated to the account of the Participant in accordance with Article VII of the Plan.
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Examples of Share of the Trust Fund in a sentence

  • In the event of such a disability retirement, the Participant will have a fully vested and nonforfeitable interest in, and will be entitled to receive, his Share of the Trust Fund.

  • Upon termination or partial termination of the Plan for any reason or complete discontinuance of contributions thereunder, each affected Participant (including a terminated Participant in respect of amounts not previously forfeited by him or her) will have a fully vested and nonforfeitable interest in his or her Share of the Trust Fund.

  • Each loan must be secured by one-half of the borrower's Share of the Trust Fund and by such other security, if any, as the Plan Administrator may require.

  • Such benefit shall be the amount or remaining amount of the Participant's Share of the Trust Fund (determined as of the Valuation Date immediately preceding the date of the Participant's death), plus any amount thereafter credited to his account attributable to contributions for the Plan Year in which his death occurs.

  • A Participant who attains his Normal Retirement Date while an Employee, will have a fully vested and nonforfeitable interest in his Share of the Trust Fund.

  • The Administrator, at least annually, will ---------------------- determine each Participant's Share of the Trust Fund, and will furnish a copy of such report to the Participant concerned.

  • Upon termination or partial termination of the Plan or complete discontinuance of contributions thereunder, each affected Participant (including a terminated Participant in respect of amounts not previously forfeited by him) will have a fully vested and nonforfeitable interest in his Share of the Trust Fund, and the Trustee will distribute to each such Participant (or other person entitled to distribution) the value of the Participant's Share of the Trust Fund in a single lump sum payment.

  • Upon his retirement on or after his Normal Retirement Date, the Participant's Share of the Trust Fund will be distributed in accordance with Article 9 below.

  • Such unpaid balance, together with any accrued but unpaid interest on the loan, shall be deducted from the borrower's Share of the Trust Fund before any such distribution of benefits is made.

  • Goodwill is measured as the excess of the cost of the business combination over the fair values of identifiable assets, liabilities and contingent liabilities acquired at the acquisition date.

Related to Share of the Trust Fund

  • Trust Fund The trust fund established by the Trust Agreement, the assets of which consist of the Mortgage Loans and any other assets as set forth therein. Trustee: U.S. Bank National Association, or any successor in interest, or if any successor trustee or co-trustee shall be appointed as provided in the Trust Agreement, then such successor trustee or such co-trustee, as the case may be.

  • Trust Funds means, in the aggregate, all of the Funds and Accounts.

  • Trust Assets means, with respect to the Appointments and to the extent held, deposited or invested by any Seller for the benefit of others (whether or not constituting all or a portion of the corpus of any trust) as collateral, trust assets or otherwise by the applicable Corporate Trust Contracts or any other applicable legal obligation, (a) all cash on hand or held in bank accounts (including the Deposits) or in money market funds, and (b) all shares, stock, bonds, debentures, notes, mortgages, guarantees, letters of credit, certificates of indebtedness, warrants, treasuries or other securities or financial instruments or property of any type or description.

  • Additional Trust Fund Expense Any expense of the Trust Fund that (i) arises out of a default on a Mortgage Loan or a Serviced Pari Passu Companion Loan or an otherwise unanticipated event, (ii) is not included in the calculation of a Realized Loss, (iii) is not covered by a Servicing Advance or a corresponding collection from the related Borrower, and (iv) is not covered by Default Charges collected on the Mortgage Loans to the extent provided herein.

  • Individual retirement account means an individual retirement account under Section 408 of the Code, a Roth IRA under Section 408A of the Code, a simplified employee pension under Section 408(k) of the Code or a simple retirement account for employees under Section 408(p) of the Code.

  • Retirement fund means the "Washington law enforcement

  • Additional Trust Fund Expenses (i) Special Servicing Fees, Workout Fees and Liquidation Fees, (ii) interest in respect of unreimbursed Advances, (iii) the cost of various default-related or unanticipated Opinions of Counsel required or permitted to be obtained in connection with the servicing of the Mortgage Loans and the administration of the Trust Fund, (iv) unanticipated, non-Mortgage Loan specific expenses of the Trust Fund, including indemnities and expense reimbursements to the Trustee, the Certificate Administrator, the Master Servicer, the Special Servicer, the Operating Advisor, the Asset Representations Reviewer and the Depositor and federal, state and local taxes, and tax-related expenses, specifically payable out of the Trust Fund, (v) any fees or expenses that are expressly designated as an Additional Trust Fund Expense pursuant to any provision of this Agreement and (vi) any other default-related or unanticipated expense of the Trust Fund that is not covered by a Property Advance and for which there is no corresponding collection from a Mortgagor.

  • Liquidating Trust Assets means the assets of a Debtor or Debtor-Controlled Entity to be transferred to a Liquidating Trust as may be determined by the Plan Administrator, which shall be described in a Liquidating Trust Agreement.

  • Trust Account means the trust account established by the Company upon the consummation of its IPO and into which a certain amount of the net proceeds of the IPO, together with a certain amount of the proceeds of a private placement of warrants simultaneously with the closing date of the IPO, will be deposited.

  • Master Servicing Compensation The meaning specified in Section 3.14.

  • Retirement Account means any retirement or pension fund or account, listed in Iowa Code section 627.6(8)“f” as exempt from execution, regardless of the amount of contribution, the interest generated, or the total amount in the fund or account.

  • Certificate Administrator Accounts As defined in Section 3.07(a) of this Agreement.

  • Note A-1 Trust Fund means the trust formed pursuant to the Note A-1 PSA.

  • Rollover Contribution Account means the separate Account maintained for a Member to record such Member's share of the Trust Fund attributable to any Rollover Contribution made to the Plan on his behalf.

  • Administrative fund means that Fund established by Section 6.1 and administered pursuant to Section 6.9.

  • Trust Accounts has the meaning assigned thereto in Section 5.1.

  • Employer Contribution Account means, for any Participant, the account established by the Administrator or Trustee to which Employer Contributions made under Section 3.5 for the Participant's benefit are credited.

  • Administration Account As defined in Section 7.02.

  • Principal Funding Account Balance means, with respect to any date of determination during the Controlled Accumulation Period, the principal amount, if any, on deposit in the Principal Funding Account on such date of determination.

  • Pre-Funding Account means the account designated as the Pre-Funding Account in, and which is established and maintained pursuant to Section 7.07.

  • Program fund means the program fund created under Section 53B-8a-107,

  • Reserve Account Funding Date means the Distribution Date which occurs not later than the earliest of (a) the Distribution Date with respect to the Monthly Period that commences not later than three months prior to the Distribution Date with respect to the first Monthly Period in the Controlled Accumulation Period, (b) in the event that the average Excess Spread Percentage for any three consecutive Monthly Periods ending in the May 2023 Monthly Period or any Monthly Period thereafter is less than 2%, the Distribution Date with respect to such Monthly Period, (c) in the event that the average Excess Spread Percentage for any three consecutive Monthly Periods ending in the November 2023 Monthly Period or any Monthly Period thereafter is less than 3%, the Distribution Date with respect to such Monthly Period and (d) such earlier Distribution Date as the Transferor may determine by written notice to the Trustee and the Servicer. For this purpose, the “Excess Spread Percentage” for any Monthly Period shall be equal to the Series Adjusted Portfolio Yield for such Monthly Period minus the Base Rate for such Monthly Period.

  • Company Contribution Account means (i) the sum of the Participant’s Company Contribution Amounts, plus (ii) amounts credited or debited to the Participant’s Company Contribution Account in accordance with this Plan, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant’s Company Contribution Account.

  • the Macfarlane Trust means the charitable trust, established partly out of funds provided by the Secretary of State to the Haemophilia Society, for the relief of poverty or distress among those suffering from haemophilia;

  • Note A-2 Trust Fund means the trust formed pursuant to the Note A-2 PSA.

  • Revenue Fund means the fund so designated in, and created pursuant to, Section 502 hereof.