Examples of Trust Assets in a sentence
Subject to the terms and conditions of the Agreement, the Transferor may, from time to time, direct the Trustee, on behalf of the Trust, to issue one or more new Series of Investor Certificates, which will represent fractional, undivided interests in certain of the Trust Assets.
No other fee, expense, service fee or other compensation is authorized to be paid from the Trust or otherwise with Trust Assets for any purpose.
The Trustee shall hold Trust Assets in the District Account in the name of the Plans as designated by the District in its sole discretion.
Subject to the Trust created hereunder, the Trustee shall hold legal title to the Trust Assets which are to be held for the benefit of the District and the Plan beneficiaries, and the Trustee is entitled to exercise all incidents of ownership in the Trust Assets.
The cost of any such litigation to which the Trustee is a party shall be an expense reimbursable from Trust Assets; provided, however, that to the extent the Trustee has engaged in misconduct, negligence, gross negligence or other malfeasance, the expense shall not be reimbursable from the Trust Assets.