Trust Funding definition

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 depositing of contract proceeds

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.

Examples of Trust Funding in a sentence

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.
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.
Subject to the deduction of the Trustee's compensation and expenses in accordance with the Trust Agreement, such Subscribing Reinsurer may withdraw funds deposited in such Subscribing Reinsurer's Income Account only if the fair market value of the Assets on deposit in the Trust Account by such Subscribing Reinsurer exceeds one hundred percent (100%) of such Subscribing Reinsurer's Trust Funding Obligations.
To make payment to the Subscribing Reinsurer of any amounts in excess of one hundred two percent (102%) of the greater of (A) the amount necessary to secure the credit or reduction from liability for reinsurance taken by the Company and (B) such Subscribing Reinsurer's Trust Funding Obligations.
At the request of the Company or the Insured, any Subscribing Reinsurer shall designate notional sub-accounts within the Trust Account corresponding to this Contract and each Additional Reinsurance Contract, and the allocation of Assets 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 Subscribing Reinsurance Contract to which such sub-account corresponds.
If the Assets in the Income Account are insufficient for such purpose, the Company may also direct the Trustee to deposit all amounts otherwise required to be deposited into the Income Account to the Trust Account until such time as the fair market value of the Assets deposited in such Trust Account is equal to such Subscribing Reinsurer's Trust Funding Obligations.
If the Subscribing Reinsurer does not timely deposit such amount, in addition to any other legal or equitable remedy the Company may have, the Company may issue a written instruction to the Trustee directing the Trustee to transfer from the Income Account (as defined in the Trust Agreement) to such Trust Account such amounts as are required so that the fair market value of the Assets deposited in such Trust Account is equal to such Subscribing Reinsurer's Trust Funding Obligations.
If the Assets in the Income Account are insufficient for such purpose, the Insured may also direct the Trustee to deposit all amounts otherwise required to be deposited into the Income Account to the Trust Account until such time as the fair market value of the Assets deposited in such Trust Account is equal to such Subscribing Reinsurer's Trust Funding Obligations.
Best or Standard & Poor's within five (5) calendar days of the date on which such Subscribing Reinsurer is first informed of such Termination Event, downgrade or withdrawal, and within ten (10) calendar days of such date shall deposit in to the Trust Account such amount, if any, as is required so that the fair market value of the Assets then on deposit in the Trust Account is at least equal to such Subscribing Reinsurer's Trust Funding Obligations as of the date of such notice.
The Tail Loss Trust Funding Obligation shall be deposited in the Tail Loss Trust within sixty (60) days of the second (2nd) anniversary of the Termination Date (as defined in the Policy).

More Definitions of Trust Funding

Trust Funding means the Cash payment of at least $500,000 to the Unsecured Creditor Trust on the Effective Date.

Trust Funding. (See additional provisions in Disclosures 3 and 4.) ▇▇▇▇▇▇▇▇▇ 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 □

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.

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.

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.

Trust Funding means the $500,000 Cash payment made to the Unsecured Creditor Trust on the Effective Date.