Administration of Trust Sample Clauses

Administration of Trust. The Trustee shall administer the trust of the Indenture and shall perform a substantial part of its obligations relating to each series of Debt Securities and this Indenture at its corporate trust office in the City of New York.

Administration of Trust. 9 Section 3.1. Initial Cost..........................................9 Section 3.2. Income Account.......................................10 Section 3.3. Principal Account....................................10 Section 3.4. Reserve Account......................................10 Section 3.5.

Administration of Trust. The principal place of administration of the Trust shall be in the State of Delaware.

Administration of Trust of the Original Indenture shall be amended and supplemented by inserting the following new section in its entirety:

Administration of Trust. The principal place of ----------------------- administration of the trust created by this Trust Agreement shall be in the State of Delaware. * * *

Administration of Trust. In addition to the provisions set forth in Section 3.1 of the Base Trust Agreement, the Trustee shall administer the Trust for the benefit of the Warrantholders but only to the extent of the interests of the Warrantholders therein and provided further, in the event of a conflict of interest between the Certificateholders and the Warrantholders, the interests of the Certificateholders shall prevail. The Warrantholders’ right to call the Underlying Securities shall not be considered a conflict of interest with the Certificateholders for purposes of this provision.

Administration of Trust. Section 3.01.

Administration of Trust. The principal place of administration of the Trust shall be in __________.

Administration of Trust. (1) The County will transmit eligibility files and all contributions as provided in Section 3 to the Trust on a bi-weekly basis for the purpose of plan administration as required by the Trust. The County will deduct administrative fees provided in Section 7(3) per participating employee from the transfer of premiums to the trust on a bi-weekly basis. Likewise, the Trust will provide the County on a bi-weekly basis employees’ plan elections (e.g., Employee Only, Employee + 1, or Employee + 2 or more). The Trust will be responsible for reconciling any billing discrepancies with their healthcare carrier plans. Any discrepancies identified will be paid or withheld from a future scheduled payment. (2) The Trust will be responsible for reimbursing the County up to a maximum of $55,289 for start-up administrative costs incurred by the County. The County shall invoice the Trust for all such costs incurred. (3) In addition to any other deductions required by this Article and/or MOU, the County shall deduct the following amounts from the employee’s pay warrant in accordance with the Section 125 Plan for ongoing administrative costs associated with the active plan under the Trust: (4) The Trust fund shall be administered by healthcare benefit Trustee(s) who shall serve in a legally recognized fiduciary capacity. The Trust shall maintain fiduciary liability insurance coverage for Trustees. The County may request to be listed as an additional insured on an endorsement of the administrator’s errors and omission policy. (5) The Trust will be responsible for all accounting practices relating to the disbursement of all trust funds. Accounting practices will be in accordance with industry standards for trust fiduciaries, including the prompt payment of any premiums due to health plan providers. To the extent that the County may be required to obtain information from the Trust for the purpose of completing its annual financial statements, the Trust will cooperate in providing necessary information. (6) The Trust will be responsible for all policies relating to the investment of trust funds, including reserves. Investment practices will be in accordance with industry fiduciary standards and best practices. (7) The parties agree that the County, to include its officers, employees, or agents, shall have no fiduciary or administrative responsibility or liability whatsoever with respect to the Trust or the plans funded by the Trust, including but not limited to the accounting dec...

Administration of Trust. 43 SECTION 13.12 Performance by the Depositor or the General Administrator.43 SECTION 13.13 Conflict with Indenture and Servicing and Administration Agreement...............................................43 SECTION 13.14