Trust Funds means any cash comprised of (i) funds specifically and exclusively used for payroll Taxes, payroll and other employee benefit payments to or for the benefit of any Loan Party’s or its Subsidiaries’ employees, (ii) all Taxes required to be collected, remitted or withheld (including, without limitation, federal and state withholding taxes (including the employer’s share thereof) and (iii) any other funds (A) which any Loan Party holds on behalf of another Person and (B) which such Loan Party holds as an escrow or fiduciary for such Person.

Trust Funds means all monies that are deposited on

Examples of Trust Funds in a sentence

Is agreed that the Pension, Annuity, and Vacation fund contributions shall be made at such times and in such manor as the trustees of the Trust funds require and the Trustees of each fund shall have the authority to retain an accountant or accounting firm to perform payroll audits of the employer to determine whether the correct amount of contributions have been made or to determine whether contributions have been made on behalf of all employees covered by the plan.
The employer hereby agrees to be bound by all the terms of the agreement and declaration of the Trust funds as that document may hereafter be amended or restated by the Trustees of each Trust fund.

More Definitions of Trust Funds

Trust Funds means funds received on behalf of another person by a licensee in the course of performing a real estate activity.

Trust Funds means, to the extent segregated from other assets of the Loan Parties in a segregated account that contains amounts comprised solely and exclusively of such Trust Funds, cash, cash equivalents or other assets comprised solely of (a) funds used for payroll and payroll taxes and other employee benefit payments to or for the benefit of such Loan Party’s employees, (b) all taxes required to be collected, remitted or withheld (including, without limitation, federal and state withholding taxes) and (c) any other funds which the Loan Parties hold in trust or as an escrow or fiduciary for another person, which is not a Loan Party or a Restricted Subsidiary.

Trust Funds shall have the same meaning assigned to it in the MoneyGram Agreement (as in effect on the Escrow Release Date).

Trust Funds means any funds that this Lease requires or allows Landlord (or anyone acting for Landlord) to hold, and in which Tenant has an interest.

Trust Funds means cash and Cash Equivalents comprised of (a) funds used or to be used for payroll and payroll taxes and other employee benefit payments to or for the benefit of any employees of Holdco, the Borrower and its Subsidiaries, (b) funds used or to be used to pay all taxes required to be collected, remitted or withheld (including U.S. federal and state withholding taxes (including the employer’s share thereof)) by or on behalf of Holdco, the Borrower and its Subsidiaries, (c) any other funds which any Loan Party holds as an escrow or fiduciary for the benefit of another Person and (d) all deposit, securities and commodities accounts solely containing Trust Funds.