Administration of Trust Estate Sample Clauses

Administration of Trust Estate. 3.01. The Trust Estate shall be held and administered as hereinafter stated.
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Administration of Trust Estate. As part of the Trust Estate there shall be established by the Custodian a collateral account (the "Collateral Account") in the name of the Trustee to which there shall be credited as and when received by the Custodian on behalf of the Trustee, U.S. Government Securities and interest on the securities in the Trust Estate and payments of the principal amount of such securities upon their maturity. Moneys so deposited in the Collateral Account shall be applied by the Trustee in the following order: (a) Timely transmittal to Bank One, N.A., or its successors, as paying agent, of funds in accordance with Schedule A hereto. Said transmittals will be made to the paying agent at its office at 100 Broad Street, Columbus, Ohio 43271, in good funds xx xxx xxxxxxxx xxx xxxxxxxxx xxxxxxx dates.
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Administration of Trust Estate. On or before the Effective Date, the Company will provide the Administrative Trustee with a list of current creditors and Beneficiaries. As soon as practicable thereafter, distributions from the Liquidating Trust shall be made (except for amounts reserved pursuant to Section 5.1) by the Administrative Trustee, in the following manner and order of priority: (i) first, to pay the Company's outstanding liabilities to creditors, in the order of priority as provided by law, (ii) to the extent permitted by law, to repay any loans made to the Company, (iii) thereafter, any remaining distributions from the Liquidating Trust to be distributed to the Beneficiaries in proportion to the number of Units held by each Beneficiary as of such date of distribution.
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Administration of Trust Estate. Monies deposited in the Trust ------------------------------ Estate shall be invested by the Trustee at the direction of the Company.
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Administration of Trust Estate. 5.1 Liquidating Trust Expenses. Upon execution hereof, and continuing for so long as the Liquidating Trust remains in existence, the Trustee may reserve such amounts as the Trustee deems advisable for the payment of all expenses, debts, charges, liabilities, and obligations with respect to the Trust Estate, including all taxes of the Liquidating Trust as determined by the Trustee in the Trustee's sole and absolute discretion. Upon expiration of this Agreement, any remaining cash in the Liquidating Trust after the payment of all expenses, debts, charges, liabilities, and obligations intended to be paid therefrom, shall be distributed to the Class A Beneficial Interestholders as provided in the Plan and in Section Six.
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Administration of Trust Estate. The Trustee shall hold and manage the Trust Estate without bond as follows:
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Administration of Trust Estate. Interest and other payments deposited in the Trust Estate after the date hereof shall be held by the Irrevocable Trustee in the Trust Estate and used to satisfy the Payment Obligations. If for any reason the Defeasance Fund is insufficient to satisfy the Payment Obligations, and the Company does not correct such deficiency within 15 days after notice by the Irrevocable Trustee, the Irrevocable Trustee may [sell the U.S. Government Obligations as set forth in that certain Pledge and Security Agreement of even date herewith between the Company and the Irrevocable Trustee.]
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Administration of Trust Estate 
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Related to Administration of Trust Estate

  • 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.

  • Protection of Trust Estate The Issuer will from time to time execute and deliver all such supplements and amendments hereto and all such financing statements, continuation statements, instruments of further assurance and other instruments, and will take such other action necessary or advisable to:

  • Administration of the Trust Fund Section 4.01

  • Acquisition of Trust Property (a) The Trustee is hereby irrevocably authorized and directed to execute and deliver the Assignment and Assumption Agreement on the date specified in Section 7.01 of the Related Pass Through Trust Supplement, subject only to the satisfaction of the conditions set forth in said Section 7.01. The Agreement (except only for this sentence and the immediately preceding sentence hereof, which are effective upon execution and delivery hereof) shall become effective upon the execution and delivery of the Assignment and Assumption Agreement by the Trustee and the Related Trustee, automatically and without any further signature or action on the part of the Company and the Trustee, and shall thereupon constitute the legal, valid and binding obligation of the parties hereto enforceable against each of the parties hereto in accordance with its terms. Upon such execution and delivery of the Assignment and Assumption Agreement, the Related Trust shall be terminated, the Applicable Certificateholders shall receive beneficial interests in the Applicable Trust in exchange for their interests in the Related Trust equal to their respective beneficial interests in the Related Trust and the “Outstanding” (as defined in the Related Pass Through Trust Agreement) pass through certificates representing fractional undivided interests in the Related Trust shall be deemed for all purposes of the Agreement, without further signature or action of any party or Certificateholder, to be Certificates representing the same Fractional Undivided Interests in the Applicable Trust and Trust Property. By acceptance of its Applicable Certificate, each Applicable Certificateholder consents to and ratifies such assignment, transfer and delivery of the trust property of the Related Trust to the Trustee upon the execution and delivery of the Assignment and Assumption Agreement. The provisions of this Section 5.01(a) supersede and replace the provisions of Section 2.02 of the Basic Agreement with respect to the Applicable Trust, and all provisions of the Basic Agreement relating to Postponed Notes or Section 2.02 of the Basic Agreement shall not apply to the Applicable Trust.

  • Sale of Trust Estate (a) The power to effect any sale or other disposition (a "Sale") of any portion of the Trust Estate pursuant to Section 5.04 is expressly subject to the provisions of Section 5.05 and this Section 5.15. The power to effect any such Sale shall not be exhausted by any one or more Sales as to any portion of the Trust Estate remaining unsold, but shall continue unimpaired until the entire Trust Estate shall have been sold or all amounts payable on the Notes and under this Indenture and under the Insurance Agreement shall have been paid. The Indenture Trustee may from time to time postpone any public Sale by public announcement made at the time and place of such Sale. The Indenture Trustee hereby expressly waives its right to any amount fixed by law as compensation for any Sale.

  • Administration of the Trust Section 3.01

  • Collection of Trust Student Loan Payments A. The Servicer shall make reasonable efforts (including all efforts that may be specified under the Higher Education Act or any Guarantee Agreement) to collect all payments called for under the terms and provisions of the Trust Student Loans as and when the same shall become due and shall follow such collection procedures as it follows with respect to similar student loans that it services on behalf of SLM Corporation or any of its Affiliates. The Servicer shall allocate collections with respect to the Trust Student Loans between principal, interest and fees in accordance with Section 2.5 of the Administration Agreement. The Servicer may in its discretion waive any late payment charge or any other fees that may be collected in the ordinary course of servicing a Trust Student Loan. The Servicer may, at its option, retain any late payment charges that it collects.

  • Release of Trust Estate (a) Subject to the payment of its fees and expenses pursuant to Section 6.07, the Indenture Trustee may, and when required by the provisions of this Indenture shall, execute instruments to release property from the lien of this Indenture, or convey the Indenture Trustee’s interest in the same, in a manner and under circumstances that are not inconsistent with the provisions of this Indenture. No party relying upon an instrument executed by the Indenture Trustee as provided in this Article VIII shall be bound to ascertain the Indenture Trustee’s authority, inquire into the satisfaction of any conditions precedent or see to the application of any monies.

  • Application of Trust Funds (a) On each Payment Date, the Paying Agent will distribute to Certificateholders, on the basis of the Percentage Interest evidenced by their Trust Certificates, amounts deposited in the Certificate Distribution Account pursuant to Section 4.06 of the Sale and Servicing Agreement with respect to such Payment Date.

  • Creation of Trust The Purchaser hereby irrevocably transfers and assigns to the Trustee, and the Trustee hereby accepts the transfer and assignment of, the right to vote and consent for the Purchaser in connection with all of its voting and consent rights and responsibilities as Beneficial Owner of the Subject Shares with respect to the following matters (collectively, the “Voting Matters”):

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