Assets of the Trust Fund Sample Clauses

Assets of the Trust Fund. The Trustee is under no duty or obligation to require, and has no liability for omitting to require Lloyd's or the Current Contributors to make any transfers or payments of additional assets to the Trust Fund and it is to be conclusively presumed that any and all such transfers or payments to Trustee have been properly made.
Sample 1Sample 2
AutoNDA by SimpleDocs
Assets of the Trust Fund. The assets of the Trust Fund shall be held by the Trustee and shall be invested in accordance with the investment policy communicated to the Trustee by the Compensation Committee or in accordance with the directions of an Investment Manager appointed by the Compensation Committee to direct the Trustee with respect to the investment of some or all of the assets of the Trust Fund. If a portion of the Trust Fund is allocated to a sub-account in accordance with Section 12 in connection with a Participant's election of a variable annuity, the assets credited to that sub-account shall be invested in accordance with the investment directions received from the Participant or from an Investment Manager retained by the Participant for this purpose.
Sample 1

Related to Assets of the Trust Fund

  • Assets of Trust The assets of the Trust shall consist of the Trust Property.

  • Trust Funds The Owner hereby gives power to the Agent to deposit all receipts collected for the Owner, less any sums properly deducted or disbursed, in a financial institution whose deposits are insured by an agency of the United States government. The funds shall be held in a trust account separate from the Agent’s personal accounts. The Agent shall not be liable in the event of a bankruptcy or failure of a financial institution. All funds managed under this section must be done so in accordance with applicable law.

  • Investment of Trust Assets The Trustee shall engage the Investment Manager to invest and reinvest the principal and income of the Trust Assets in those investments that are reasonably calculated to preserve the principal value, taking into account the need for the safety and liquidity of principal as may be required to fund Eligible Mitigation Actions and Trust Administration Costs.

  • Permitted Withdrawals from the Collection Accounts and Certificate Account (a) Each Servicer may from time to time make withdrawals from the related Collection Account for the following purposes:

  • Administration of the Trust Fund Section 4.01

  • Ownership of Assets of the Trust Title to all of the assets of the Trust shall at all times be considered as vested in the Trust, except that the Trustees shall have power to cause legal title to any Trust Property to be held by or in the name of one or more of the Trustees, or in the name of the Trust, or in the name of any other Person as nominee, on such terms as the Trustees may determine. Upon the resignation, incompetency, bankruptcy, removal, or death of a Trustee he or she shall automatically cease to have any such title in any of the Trust Property, and the title of such Trustee in the Trust Property shall vest automatically in the remaining Trustees. Such vesting and cessation of title shall be effective whether or not conveyancing documents have been executed and delivered. The Trustees may determine that the Trust or the Trustees, acting for and on behalf of the Trust, shall be deemed to hold beneficial ownership of any income earned on the securities owned by the Trust, whether domestic or foreign.

  • Trust Accounts (a) On or prior to the Closing Date, the Issuer shall cause the Servicer to establish and maintain, in the name of the Indenture Trustee, for the benefit of the Noteholders and, to the extent set forth herein, the Certificateholder, the Collection Account as provided in Section 5.01 of the Sale and Servicing Agreement.

  • Certificate Accounts Any time deposit, term share, share certificate, or certificate of deposit account allowed by state law (certificate account), whichever we offer, is subject to the terms of this Agreement, the Truth-in-Savings Disclosure, and the Account Receipt for each account, the terms of which are incorporated herein by reference.

Time is Money Join Law Insider Premium to draft better contracts faster.