DISTRIBUTION OF TRUST FUNDS Sample Clauses

DISTRIBUTION OF TRUST FUNDS. 7.1 Withdrawal of Preneed Funds. Preneed Funds held in the Preneed Trust Fund which are related to Preneed Contracts shall be retained in the Preneed Trust Fund by Trustee until Trustee receives from Cemetery Authority a written request for withdrawal from the Preneed Trust Fund of requested amounts relating to the Preneed Contract, including, in the case of the death of the “Beneficiary” (as the term is used in Title 27, Chapter 17A of the Code of Alabama 1975) of the Preneed Contract, proper documentation as required under Title 27, Chapter 17A of the Code of Alabama 1975.
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DISTRIBUTION OF TRUST FUNDS. 7.1 Withdrawal of Preneed Funds. Preneed Funds held in the Preneed Trust Fund which are related to Preneed Contracts shall be retained in the Preneed Trust Fund by Trustee until Trustee receives from Funeral Establishment a written request for withdrawal from the Preneed Trust Fund of requested amounts relating to the Preneed Contract, including, in the case of the death of the “Beneficiary” (as the term is used in Title 27, Chapter 17A of the Code of Alabama 1975) of the Preneed Contract, proper documentation as required under Title 27, Chapter 17A of the Code of Alabama 1975. The written request must include a valid death certificate or other valid proof of death, a letter from the Preneed Contract holder cancelling the Preneed Contract or valid proof the Preneed Contract has been cancelled in accordance with Section 27-17A-33, or valid proof the merchandise has been delivered and installed, and services have been performed. For all Preneed Contracts effective on or after January 1, 2015, the amount that may be withdrawn from the Preneed Trust Fund upon fulfillment or cancellation of any particular Preneed Contract may not exceed the amount attributable to that Preneed Contract in proportion to the total amount held in trust for all Preneed Contracts as of the date of withdrawal. For all Preneed Contracts in effect before January 1, 2015, the valuation of each Preneed Contract and the amount withdrawn from the Preneed Trust may be calculated using any valuation method that had been approved by the Commissioner or Department before January 1, 2015.
DISTRIBUTION OF TRUST FUNDS. 7.1 Withdrawal of Preneed Funds. Preneed Funds held in the Preneed Trust Fund which are related to Preneed Contracts shall be retained in the Preneed Trust Fund by Trustee until Trustee receives from Cemetery a written request for withdrawal from the Preneed Trust Fund of requested amounts relating to the Preneed Contract, including, in the case of the death of the “Beneficiary” (as the term is used in (Insert statutory citation) of the Preneed Contract, proper documentation as required under (Insert statutory citation).
DISTRIBUTION OF TRUST FUNDS. Class Counsel shall pay the Net Settlement Funds to the Claims Administrator in trust and the Claims Administrator shall pay Abuse Claims in accordance with this Distribution Protocol. Within 60 days of determining the last of the Abuse Claims and any requests for reconsideration, the Claims Administrator shall prepare a report on the distribution of the Net Settlement Funds, which will be provided to the parties and filed with the Court. Upon filing its report with the Court, the Claims Administrator shall pay any remaining portion of the Net Settlement Funds in accordance with the Settlement Agreement. SCHEDULE “A” TRAINING SCHOOL SEXUAL ABUSE CLASS ACTION ATTESTATION I , of the [City/Town] of , [Full Name] [City/Town] in the Province of hereby swear, under Penalty of Perjury, [Province] that I was subjected to sexual misconduct while resident at [Institution] during . [Date(s)] My date of birth is . My place of birth is . [Date of Birth] [Place of Birth] Formerly, I was named [if applicable]. [Former Name] DECLARED BEFORE ME at the City of , in the Province of , this day of , 20 . WITNESS ATTESTOR SCHEDULE “B” Training School Sexual Abuse Class Action Claim for Compensation 2017 01G 2568 CP IN THE SUPREME COURT OF NEWFOUNDLAND AND LABRADOR GENERAL DIVISION BETWEEN: XXXX XXX (#7), XXXX XXX (#9), (Discontinued) AND: XXXX XXX (#10) AND XXXX XXX (#11) PLAINTIFFS HER MAJESTY IN RIGHT OF NEWFOUNDLAND AND LABRADOR DEFENDANT Brought under the Class Actions Act, S.N.L. 2001, c. C-18.1 STATUTORY DECLARATION (Track 2) I, [Full Name] of the City or Town of [City/Town] in the Province of , DO SOLEMNLY DECLARE [Province] THAT THE ANSWERS AND INFORMATION THAT I HAVE GIVEN BELOW ARE TRUE:
DISTRIBUTION OF TRUST FUNDS 

Related to DISTRIBUTION OF TRUST FUNDS

  • 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.

  • Distribution of Funds All funds received by the Trust to the extent not encumbered by the Indenture and otherwise available for distribution (or if encumbered by the Indenture, which have been released by the relevant parties benefiting from such encumbrance) will be distributed to the Beneficiary.

  • Application of Trust Funds Certain Duties Section 5.01. [Reserved].

  • 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.

  • VALUATION OF TRUST In addition to each Accounting Date, the Trustee must value the Trust Fund on the following valuation date(s): (Choose (a) or (b))

  • Initial Capital Contribution of Trust Estate As of the date of the Original Trust Agreement, the Seller sold, assigned, transferred, conveyed and set over to the Owner Trustee the sum of $1. The Owner Trustee hereby acknowledges receipt in trust from the Seller, as of such date, of the foregoing contribution, which shall constitute the initial Trust Estate and shall be deposited in the Collection Account.

  • 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:

  • Distributions from the Certificate Account (a) On each Distribution Date, the Trustee (or the Paying Agent on behalf of the Trustee) shall withdraw from the Certificate Account, the Available Distribution Amount (other than the Class E Distributable Amount and the Class P Distributable Amount) with respect to each Mortgage Pool, and shall distribute such amount to the Holders of record of each Class of Certificates or Components, in the following order of priority:

  • Certificate Distribution Account The Certificate Distribution Account shall be established as a non-interest bearing trust account pursuant to Section 4.1 of the Sale and Servicing Agreement. Funds on deposit in the Certificate Distribution Account shall be held uninvested. The Certificateholders shall possess all beneficial right, title and interest in and to all funds on deposit from time to time in the Certificate Distribution Account and all proceeds thereof. Except as otherwise provided herein, in the Indenture or in the Sale and Servicing Agreement, the Certificate Distribution Account shall be under the sole dominion and control of the Certificate Paying Agent for the benefit of the Certificateholders. If, at any time, the Certificate Distribution Account ceases to be an Eligible Account, the Servicer on behalf of the Issuer, shall, within ten (10) Business Days (or such longer period) after becoming aware of the fact, establish a new Certificate Distribution Account as an Eligible Account and shall direct the Certificate Paying Agent to transfer any cash then on deposit in the Certificate Distribution Account to such new Certificate Distribution Account.

  • Termination of Trust Agreement Section 9.01.

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