Common use of Establishment of Fund Clause in Contracts

Establishment of Fund. The Grantor and the Trustee hereby establish a standby trust fund, hereafter the “Fund,” for the benefit of any and all third parties injured or damaged by [sudden and/or nonsudden] accidental occurrences arising from operation of the facility(ies) covered by this guarantee, in the amounts of ______ [up to $1 million] per occurrence and ______ [up to $2 million] annual aggregate for sudden accidental occurrences and ______ [up to $3 million] per occurrence and ______ [up to $6 million] annual aggregate for nonsudden occurrences, except that the Fund is not established for the benefit of third parties for the following:

Establishment of Fund. The Grantor and the Trustee hereby establish a standby trust fund, hereafter hereinafter the “"Fund,” " for the benefit of any and all third parties injured or damaged by [sudden and/or nonsudden] accidental occurrences arising from operation of the facility(ies) covered by this guarantee, in the amounts of ______ [up to $1 million] per occurrence and ______ [up to $2 million] annual aggregate for sudden accidental occurrences and ______ [up to $3 million] per occurrence and ______ [up to $6 million] annual aggregate for nonsudden occurrences, except that the Fund is not established for the benefit of third parties for the following:

Establishment of Fund. The Grantor and the Trustee hereby establish a standby trust fund, hereafter the “"Fund,” " for the benefit of any and all third parties injured or damaged by [sudden and/or nonsudden] accidental occurrences arising from operation of the facility(ies) covered by this guarantee, in the amounts amount of ______ [up to $1 million] per occurrence and ______ [up to $2 million] annual aggregate for sudden accidental occurrences and ______ [up to $3 million] per occurrence and ______ [up to $6 million] annual aggregate for nonsudden occurrences, except that the Fund is not established for the benefit of third parties for the following:

Establishment of Fund. The Grantor and the Trustee hereby establish a standby trust fund, hereafter hereinafter the “Fund,” for the benefit of any and all third parties injured or damaged by [sudden and/or nonsudden] accidental occurrences arising from operation of the facility(ies) covered by this guarantee, in the amounts of ______ [up to $1 million] per occurrence and ______ [up to $2 million] annual aggregate for sudden accidental occurrences and ______ [up to $3 million] per occurrence and ______ [up to $6 million] annual aggregate for nonsudden occurrences, except that the Fund is not established for the benefit of third parties for the following:

Establishment of Fund. The Grantor and the Trustee hereby establish a standby trust fund, hereafter the “"Fund,” " for the benefit of any and all third parties injured or damaged by [sudden and/or nonsudden] accidental occurrences arising from operation of the facility(ies) covered by this guarantee, in the amounts of ______ [INSERT the amount (up to $1 million] ) per occurrence and ______ [INSERT the amount (up to $2 million] ) annual aggregate for sudden accidental occurrences occurrences, and ______ [INSERT the amount (up to $3 million] ) per occurrence and ______ [INSERT the amount (up to $6 million] ) annual aggregate for nonsudden non-sudden occurrences, except that the Fund is not established for the benefit of third parties for the following:

Establishment of Fund. The Grantor and the Trustee hereby establish a standby trust fund, hereafter hereinafter the “"Fund,” " for the benefit of any and all third parties injured or damaged by [sudden and/or nonsudden] accidental occurrences arising from operation of the facility(ies) covered by this guarantee, in the amounts of $ __________ [up to $1 million] per occurrence and $ __________ [up to $2 million] annual aggregate for sudden accidental occurrences and $ __________ [up to $3 million] per occurrence and $ __________ [up to $6 million] annual aggregate for nonsudden occurrences, except that the Fund is not established for the benefit of third parties for the following: