Trust Funding definition

Trust Funding means the depositing of contract proceeds
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Trust Funding refers to the initial amount and any subsequent amounts contributed or transferred to the Trust and placed in a Trust Beneficiary’s sub-account.
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Trust Funding means the Cash payment of at least $500,000 to the Unsecured Creditor Trust on the Effective Date.
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Examples of Trust Funding in a sentence

  • On the date hereof, each Subscribing Reinsurer shall deposit in the trust account established thereunder (the "Trust Account") an amount equal to its Trust Funding Obligations (as defined below), determined solely with respect to this Contract and the Policy.

  • Each Subscribing Reinsurer shall at all times maintain on deposit in the Trust Account Assets (as defined in the Trust Agreement) which have a fair market value equal to such Subscribing Reinsurer's Trust Funding Obligations.

  • Subject to the deduction of the Trustee's compensation and expenses in accordance with the Trust Agreement, the Insurer may withdraw funds deposited in the Income Portfolio if the fair market value of the Assets on deposit in the Trust Account exceeds one hundred percent (100%) of the Trust Funding Obligations.

  • In the event that the Insured determines at any time that the fair market value of all Assets in the Trust Account is less than 100% of the Trust Funding Obligations, the Insured may send a written notice to that Insurer, with a copy to the Trustee, requiring the Insurer to deposit Assets in the Trust Account so that the fair market value of the Assets deposited in the Trust Account is at least equal to the Trust Funding Obligations.

  • If the Assets in the Income Portfolio are insufficient for such purpose, the Insured may also direct the Trustee to deposit all amounts otherwise required to be deposited into the Income Portfolio to the Trust Account until such time as the fair market value of the assets deposited into the Trust Account is equal to the Trust Funding Obligations.

  • The Insurer shall at all times maintain on deposit in the trust account established under the Trust Agreement (the "Trust Account") Assets (as that term is defined in the Trust Agreement) which have a fair market value equal to the Trust Funding Obligation.

  • If the Insurer does not timely deposit such Assets, in addition to any other legal or equitable remedy the Insured may have, the Insured may issue a written instruction to the Trustee directing the Trustee to transfer from the Income Portfolio (as defined in the Trust Agreement) to the Trust Account such assets as are required so that the fair market value of the Assets deposited in the Trust Account is at least equal to the Trust Funding Obligations.

  • At the request of the Insured, the Insurer shall designate notional sub-accounts within the Trust Account corresponding to this Policy and each Additional Policy, and allocate Assets (as defined in the Trust Agreement) in the Trust Account to each such sub-account with a fair market value at least equal to the Trust Funding Obligations, as determined solely with respect to the Relevant Policy to which such sub-account corresponds.

  • To secure performance hereunder, the Insurer shall enter into a trust agreement (the " Trust Agreement") in the form attached hereto as Exhibit A and deposit therein an amount equal to the Trust Funding Obligations (as defined below) within ten (10) Business Days of the Execution Date.

  • Any applicant selected for Affordable Housing Trust Funding shall agree to the following the language:The applicant and any contractor thereof agrees that it will observe the provisions of the Kansas Act Against Discrimination and shall not discriminate against any person in the performance of work under the contract because of race, religion, color, sex, disability, national origin, or ancestry.


More Definitions of Trust Funding

Trust Funding. (See additional provisions in Disclosures 3 and 4.) Xxxxxxxxx agrees to pay Seller the Balance Due as follows: Number of Payments: __________ Payment Amount: $__________ Date of First Payment: ___________ Payment Mode: □ Single □ Annual □ Semi-Annual □ Quarterly □ Monthly If the Seller uses a Surety Bond as an alternative to Trust Funding, check this box □ If the Seller uses a Letter of Credit in lieu of a Surety Bond, check this box □
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Trust Funding means cash used solely by the Liquidating Trustee to (a) perform its duties and obligations under the Plan; (b) administer the Liquidating Trust Assets for the benefit of holders of all Allowed Claims; and (c) pay any expenses of the Trust, in accordance with the terms of the Liquidating Trust Agreement.
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Trust Funding means the $200,000 that Chase is required to contribute under the Chase Settlement Agreement to the Liquidation Trust upon the Effective Date and which amount shall be used by the Liquidation Trust for the purposes set forth in the Chase Settlement Agreement and in Section 6.4(d) of this Plan; provided, that such amount is subject to reduction by 50% of any BNF Recoveries, up to a reduction of $100,000, as set forth in the Chase Settlement Agreement and in Section 6.4(d) of this Plan.
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Trust Funding means Cash currently estimated in the approximately amount of $1.3 million to $1.6 million, inclusive of all reserves to be established under the Combined Plan and Disclosure Statement, to be provided by the Debtor to the Trust on the Effective Date to fund the administration of the Creditor Trust, pay all Trust Expenses and, thereafter, to fund Distributions to Holders of Allowed Claims in accordance with the terms of the Combined Plan and Disclosure Statement.
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Trust Funding means the Cash payment of at least $500,000 to the Unsecured Creditor Trust on the Effective Date, which shall be paid from a source other than cash in the bank account of any Debtor that is party to a HUD Regulatory Agreement.
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Trust Funding means the $500,000 Cash payment made to the Unsecured Creditor Trust on the Effective Date.
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Related to Trust Funding

  • 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.

  • Match funding or “match share” means cash or in-kind (non-cash) contributions provided by the Applicant/Recipient, subcontractors, or other parties that will be used in performance of the proposed project. Match share percentage is calculated by dividing the total match share contributions by the total allowable project cost. “Total allowable project cost” is the sum of the CEC’s reimbursable share and Recipient’s match share of the project costs. Match share expenditures have the following requirements:

  • Project Funding means the funding for the Services;

  • the Trust Fund means the Bond(s) referred to in the First Schedule to the Declaration of Trust and the property from time to time representing the same (and also includes any other property which may become Trust Property as a result of any loan to the Trustees or any addition by way of gift or any accumulation of income).

  • Grantor Trust means a Trust other than a RIC.

  • Securitization Trust means a trust formed pursuant to a Securitization pursuant to which one or more of the Notes are held.

  • student loan means a loan towards a student's maintenance pursuant to any regulations made under section 22 of the Teaching and Higher Education Act 1998, section 73 of the Education (Scotland) Act 1980 or Article 3 of the Education (Student Support) (Northern Ireland) Order 1998 and includes, in Scotland, a young student's bursary paid under regulation 4(1)(c) of the Students’ Allowances (Scotland) Regulations 2007.