Trust Contribution definition

Trust Contribution. Means (a) tranches of the Award Amount paid by the Trust to PTC and (b) in the event a Milestone has been completed but PTC (i) has failed to submit a Milestone Report or request payment of the next tranche of the Award Amount, or (ii) is otherwise in breach of the Agreement and such breach would give rise to a termination right on the part of the Trust pursuant to Clause 20.2 or 20.3, those tranches of the Award Amount that would have been payable by the Trust to PTC but for PTC’s omission or breach;
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Trust Contribution is defined in Section 6.12.
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Trust Contribution is defined in Section 13 of the Ground Lessee Limited Liability Company Agreement.
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Examples of Trust Contribution in a sentence

  • Congoleum shall be obligated to repay ABI for the Additional Plan Trust Contribution, which repayment obligation shall be evidenced by a promissory note substantially similar in form and content to the Promissory Note with any amount paid by ABI with regard to the Additional Plan Trust Contribution constituting principal that shall be treated in substantially the same manner as the Original Principal Amount is treated under the Promissory Note.

  • Any Excess Net Reserve Funds shall be contributed by Reorganized Sepco to the Asbestos Personal Injury Trust, and that contribution shall be considered to be part of the Asbestos Personal Injury Trust Contribution.

  • On June 14, 2018, A contributed all of its interest in Y to Trust (Contribution).

  • Congoleum will be obligated to repay ABI for the Additional Plan Trust Contribution, which repayment obligation will be evidenced by a promissory note substantially similar in form and content to the Promissory Note with any amount paid by ABI with regard to the Additional Plan Trust Contribution constituting principal that will be treated in substantially the same manner as the Original Principal Amount is treated under the Promissory Note.

  • Furthermore, unlike the Plan Trust in the Reorganization Cases, a Chapter 7 trustee would not receive the benefits of the New Class A Common Stock, the New Convertible Security, the Additional Plan Trust Contribution and the ABI Contribution.

  • The CIUs are entitled “Definition of Joint Trust Contribution Base” and are available on the HEABC members’ website.

  • On the Effective Date, or as soon as reasonably practical thereafter and provided that the Global Settlement Term Sheet remains in full force and effect and has not terminated, the Vatera GUC Trust Contribution shall be transferred to the GUC Trust.

  • Pursuant to section 1141(b) of the Bankruptcy Code, except as otherwise provided in the Plan, the Plan Documents or the Confirmation Order, the property of the Debtor’s Estate (except for the Asbestos Personal Injury Trust Contribution and any other property of the Debtor distributed pursuant to the Plan) shall vest in Reorganized Sepco on the Effective Date free and clear of any and all Liens, Claims, Encumbrances and other interests of any Entity.

  • Debtors submit that the Holder of the Prepetition Lender Deficiency Claims will receive no value attributable to the Warrants (given the issuance of the New Equity Interests), and with respect to the Prepetition Lender Trust Contribution, such Creditors Trust Beneficial Interests to be received on account of the Class 4 Plan Distribution should be considered received as a conduit for and on behalf of the Holders of Allowed Class 3 Claims.

  • The Creditors Trust shall be established under the Plan for the benefit of Holders of Class 3 Claims and on the Effective Date the Debtors shall assign the Creditors Trust Assets to the Creditors Trust and the Prepetition Lenders will make the Prepetition Lender Trust Contribution (of the Creditors Trust Beneficial Interests received on account of the Angelo Gordon Class 4 Claim).


More Definitions of Trust Contribution

Trust Contribution shall have the meaning specified in Section 5.1.
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Related to Trust Contribution

  • Contribution Account means an account, or accounts, into which the Accountholder and employer contributions are deposited by the TPA, and from which HSA dollars are swept into the Cash Account.

  • 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.

  • Rollover Account means the account established hereunder to which amounts transferred from a qualified plan or individual retirement account in accordance with Section 4.6 are allocated.

  • Matching Contribution Account means the separate, individual account established on behalf of a Participant to which the Matching Contributions made on such Participant's behalf are credited, together with all earnings and appreciation thereon, and against which are charged any withdrawals, loans and other distributions made from such account and any losses, depreciation or expenses allocable to amounts credited to such account.

  • 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.

  • 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.

  • Transfer Account means the account established hereunder to which amounts transferred to this Plan from a direct plan-to-plan transfer in accordance with Section 4.7 are allocated.

  • In-kind contribution means a contribution of goods or services received by a candidate committee, joint candidates committee, political committee, continuing political committee, political party committee, or legislative leadership committee, which contribution is paid for by a person or entity other than the recipient committee, but does not include services provided without compensation by an individual volunteering a part of or all of his or her time on behalf of a candidate or committee.

  • 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.

  • Rollover Contribution means any rollover contribution to the Plan made by a Participant as may be permitted under Article V.

  • ESOP Account means a Participant’s account to which are credited Matching Contributions made to the Plan after March 31, 1989, and earnings and losses thereon.

  • 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.

  • Principal Accumulation Account Balance means, for any date of determination, the principal amount, if any, on deposit in the Principal Accumulation Account on such date of determination.

  • Profit Sharing Account means any one of the accounts so designated and provided for in Section 6.01.

  • Payments in lieu of contributions means the money payments to

  • Initial Capital Contribution has the meaning set forth in Section 4.1.

  • Individual Account Means the account established and maintained under this Plan for each Participant in accordance with Section 4.01.

  • Cash Contribution refers to a direct payment of Contribution in Canadian currency.

  • Deferral Contribution means any contribution made to the Plan by the Employer in accordance with the provisions of Section 5.03.

  • Initial Contribution means that contribution each Participant has made or agrees to make pursuant to Section 5.1.

  • Employer Contribution means the amount paid by an employer, as determined by the employer rate, including the normal and deficiency rates, contributions, and funds wherever used in this chapter.

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

  • Savings Account means an account, which is based on Mudarabah and its profit shall be calculated based on the profit earned on any balance maintained above the minimum threshold or average threshold (as may be agreed upon with the Bank).

  • Deferral Contributions are Salary Reduction Contributions and Cash or Deferred Contributions the Employer contributes to the Trust on behalf of an Eligible Employee, irrespective of whether, in the case of Cash or Deferred Contributions, the contribution is at the election of the Employee. For Salary Reduction Contributions, the terms "deferral contributions" and "elective deferrals" have the same meaning.

  • Principal Funding Account shall have the meaning specified in subsection 4.03(a)(i).

  • Contribution Date has the meaning set forth in Section 4.3 hereof.