Trust Fund Claim definition

Trust Fund Claim has the meaning set forth in Section 16(d).
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Trust Fund Claim has the meaning set forth in Section 10.10.
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Trust Fund Claim has the meaning set forth in Section 7.9 hereof.
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Examples of Trust Fund Claim in a sentence

  • Except with respect to the Contingent Underwriting Discount, each of the Underwriters and the Representative hereby agree that it does not have any right, title, interest or claim of any kind in or to any monies in the Trust Fund ("Claim") and waive any Claim it may have in the future as a result of, or arising out of, any negotiations, contracts or agreements with the Company and will not seek recourse against the Trust Fund for any reason whatsoever.

  • Each Seller and Investor hereby agrees that it shall not have any right, title, interest or claim of any kind in or to the proceeds of Seanergy’s initial public offering being held in trust (each, a “Trust Fund Claim”) and hereby waive any Trust Fund Claim against any such monies which it may have in the future as a result of, or arising out of, any negotiations, contracts or agreements with Seanergy or Buyer and will not for any reason whatsoever seek recourse against the such monies for such purposes.

  • It’s not comfortable reviewing a colleague’s project and beingrigorous and critical but it looks like this process is really working and everyone is coming to the table in good faith to get the good projects through.

  • Finally, Third-Party Defendant Michael Sova moves for summary disposition of Barnett’s Builders Trust Fund Claim and for sanctions.After this lien foreclosure action was filed, Barnett filed a Third-Party Complaint against Sova and Michael Start, as the principals of TMP, for violations of the Michigan Builders Trust Fund Act, MCL 570.151, et seq.

  • As a result, the Court GRANTS Sova’s motion for summary disposition and DISMISSES Barnett’s Builders Trust Fund Claim against him only.Finally, accepting Barnett’s claims as true, based on Sova’s representations of ownership interest in TMP during the project, the Court will exercise its discretion to DENY Sova’s request for sanctions.

  • Chalos, A Practical Guide to the Oil Spill Liability Trust Fund Claim Submission Procedures, 3 U.

  • To the extent the Court enters an Order approving BNSF’s Trust Fund Claim or the Trust Fund Claim of any other Person, which becomes a Final Order, the Cash or property subject to such Trust Fund Claim will be promptly distributed to the third party asserting such Claim or, to the extent that there is any dispute among the beneficiaries as to such amount, interpleaded with a court of competent jurisdiction.

  • For and in consideration of ITAC executing this Agreement, the Advisors, by executing this Agreement, hereby agree that they does not have any right, title, interest or claim of any kind in or to any monies in the Trust Fund ("Claim") and waives any Claim they may have in the future as a result of, or arising out of, any negotiations, contracts or agreements with ITAC and will not seek recourse against the Trust Fund for any reason whatsoever.

  • When it became to be known that there was not sufficient money in trust and that American Family was not going to perform these contracts, an agreement was entered into between ICS and the Division many years ago for ICS to fulfill those preneed contracts, collect whatever small amount of money was in trust and then make a Consumer Protection Trust Fund Claim for the remaining monies for cost.

Related to Trust Fund Claim

  • Independent Fund Trustee means a trustee of the Trust who is not an “interested person” as that term is defined in Section 2(a)(19) of the 1940 Act.

  • Trust Fund Expenses shall have the meaning assigned to such term in the Lead Securitization Servicing Agreement.

  • 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 Fund Certificates All Certificates evidencing beneficial ownership interests in the Trust Fund.

  • 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.

  • 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.

  • Claim Certificate shall have the meaning set forth in Section 8.6(a).

  • Trust Funds means any cash or Permitted Investments comprised of (a) funds specially and exclusively used (i) for payroll and payroll taxes and other employee benefit payments to or for the benefit of employees of Loan Parties and their subsidiaries, (ii) to pay all taxes required to be collected, remitted or withheld (including, without limitation, federal and state withholding taxes (including the employer’s share thereof)) and (b) any other funds which any Loan Party holds on behalf as an escrow or fiduciary for another person (other than another Loan Party).

  • Disallowed Claim means (a) a Claim, or any portion thereof, that has been disallowed by a Final Order or a settlement, (b) a Claim or any portion thereof that is Scheduled at zero or as contingent, disputed, or unliquidated and as to which a proof of claim bar date has been established but no proof of claim has been timely filed or deemed timely filed with the Bankruptcy Court pursuant to either the Bankruptcy Code or any Final Order of the Bankruptcy Court or otherwise deemed timely filed under applicable law, or (c) a Claim or any portion thereof that is not Scheduled and as to which a proof of claim bar date has been established but no proof of claim has been timely filed or deemed timely filed with the Bankruptcy Court pursuant to either the Bankruptcy Code or any Final Order of the Bankruptcy Court or otherwise deemed timely filed under applicable law.

  • Distribution Date Statement As defined in Section 4.02(a).

  • Independent Fund Director means an independent director of an investment company advised by Invesco.

  • the Independent Living Fund (2006) means the Trust of that name established by a deed dated 10th April 2006 and made between the Secretary of State for Work and Pensions of the one part and Margaret Rosemary Cooper, Michael Beresford Boyall and Marie Theresa Martin of the other part;

  • Extraordinary Trust Fund Expense Any amounts reimbursable to the Trustee, or any director, officer, employee or agent of the Trustee, from the Trust Fund pursuant to Section 8.05, any amounts payable from the Distribution Account in respect of taxes pursuant to Section 10.01(g)(iii) and any amounts payable by the Trustee for the recording of the assignments of mortgage pursuant to Section 2.01.

  • Disputed Claim means any Claim that is not Allowed.

  • Released Claim means the matters that are subject to release and discharge pursuant to ARTICLE 10 hereof;

  • Extraordinary Trust Fund Expenses Any amounts reimbursable to the Master Servicer or the Depositor pursuant to Section 6.03, any amounts payable from the Distribution Account in respect of taxes pursuant to Section 10.01(g)(iii), any amounts reimbursable to the Trustee, the Trust Administrator, Citibank or a Custodian from the Trust Fund pursuant to Section 2.01 or Section 8.05 and any other costs, expenses, liabilities and losses borne by the Trust Fund (exclusive of any cost, expense, liability or loss that is specific to a particular Mortgage Loan or REO Property and is taken into account in calculating a Realized Loss in respect thereof) for which the Trust Fund has not and, in the reasonable good faith judgment of the Trust Administrator, shall not, obtain reimbursement or indemnification from any other Person.

  • pension fund holder means with respect to a personal pension scheme or an occupational pension scheme, the trustees, managers or scheme administrators, as the case may be, of the scheme concerned;

  • Insured Claim means any Claim arising from an incident or occurrence alleged to have occurred prior to the Effective Date that is covered under an insurance policy applicable to the Debtors or their businesses.

  • REMIC I Interest Loss Allocation Amount With respect to any Distribution Date, an amount equal to (a) the product of (i) the aggregate Stated Principal Balance of the Mortgage Loans and REO Properties then outstanding and (ii) the REMIC I Remittance Rate for REMIC I Regular Interest I-LTAA minus the Marker Rate, divided by (b) 12.

  • REMIC II Interest Loss Allocation Amount With respect to any Distribution Date, an amount equal to (a) the product of (i) 50% of the aggregate Stated Principal Balance of the Mortgage Loans and REO Properties then outstanding and (ii) the REMIC II Remittance Rate for REMIC II Regular Interest AA minus the Marker Rate, divided by (b) 12.

  • 503(b)(9) Claim means a Claim or any portion thereof entitled to administrative expense priority pursuant to section 503(b)(9) of the Bankruptcy Code.

  • Settled claim means the original tort claim resolved by a structured settlement.

  • Tax Claim has the meaning set forth in Section 6.05.

  • Claimed Amount means the amount of any Damages incurred or reasonably expected to be incurred by the Indemnified Party.

  • Indemnified Claim has the meaning set forth in Section 8.2.

  • Direct Claim has the meaning set forth in Section 8.05(c).