Establishment of the Fund. The Grantor and the Trustee hereby establish a trust fund, hereinafter the "Fund", for the benefit of the Department. The Grantor and the Trustee intend that no third party shall have access to the Fund except as herein provided. The Fund is established initially as consisting of the property, which is acceptable to the Trustee and the Department, described in Schedule "B", attached hereto. Such property and any other property subsequently transferred to the Trustee is referred to as the Fund, together with all earnings and profits thereon, less any payments or distributions made by the Trustee pursuant to this Agreement. The Fund shall be held by the Trustee, in Trust, as hereinafter provided. The Trustee shall not be responsible nor shall it undertake any responsibility for the amount or adequacy of, nor any duty to collect from the Grantor, any payments necessary to discharge any liabilities of the Grantor established by the Department.
Establishment of the Fund. A donor advised fund shall be established on the books of the Foundation that shall be known as the Fund (the “Fund”).
Establishment of the Fund. By means of the transfer to the Trustee by the Annuitant of the assets set out in the Application, in accordance with Section 4 hereof, the Annuitant establishes with the Trustee a retirement income fund for his or her benefit, whereby the Trustee undertakes to pay the Annuitant amounts each year in accordance herewith. All assets paid into the Fund, as well as any income, capital gain or other gain of whatever nature, generated or realized by the Fund and held in the Fund by the Trustee and invested in accordance with the provisions hereof, shall be used in such manner as to make payments to the Annuitant in accordance herewith. The Fund constitutes a trust for the purposes of the Tax Legislation only, excluding any other purpose whatsoever. The Trustee, by accepting the Application, agrees to administer the Fund in accordance with the Tax Legislation and in the manner set out herein. Subject to the registration of the Fund pursuant to the Tax Legislation, this Declaration of Trust takes effect from the date of acceptance of the Application by the Trustee.
Establishment of the Fund. The Donor has solicited or will solicit gifts to the Fund of money or property for the purposes set forth in this Agreement, which gifts will be transferred to the Foundation. Subject to the right of the Foundation to reject any particular gift, the Foundation shall accept these gifts of money or property, all of which gifts and the earnings and appreciation thereon shall be subject to the provisions of this Agreement and the CSF Policies. The Fund shall be managed and maintained by the Foundation in accordance with the terms of this Agreement.
Establishment of the Fund. 4.1. The Trustor and the Trustee hereby establish a trust fund, the "Fund", for the benefit of the Administrator. Trustor and Trustee intend that no third party have access to the Fund except as herein provided. The Fund is established as a standby to receive payments and initially shall not consist of any property. Payments made by the provider of financial assurance pursuant to the Administrator's instruction are transferred to the Trustee and are referred to as the assets of the Fund, together with all earnings and profits thereon, less any payments or distributions made by the Trustee pursuant to this Agreement.
Establishment of the Fund. A designated fund (within the meaning of Section 4966(d)(2)(B)(i) of the Internal Revenue Code) shall be established on the books of the Foundation, which shall be known, as Designated Fund (the “Fund”).
Establishment of the Fund. 2.1 Establishment of the Trust The Trustee confirms that to constitute and settle the trust the Settlor has given to the Trustee the sum of Ten Dollars ($10.00) for the Trust and has thereby established for the benefit of the holders of its Units from time to time, a trust for the Trust and has been issued one Unit (the “Initial Unit”).
Establishment of the Fund. The Company shall establish a Fund, in accordance with the Plan, with a trust company or companies selected by the company as Trustee to hold and invest the Fund and to make payments out in accordance with a trust agreement to be entered into in connection with this Plan. The Company’s contributions shall be made into the Fund and the Company’s liability for benefits and expenses associated with the administration of this Fund.
Establishment of the Fund. A Fund shall be established on the books of the Federation as a donor advised fund which shall be known as the (“the Fund”).
Establishment of the Fund. The Company shall establish and maintain, for as long as the Plan is in effect, a Fund for the purpose of providing the benefits available under the Plan. All contributions made by the Company shall be deposited in the Fund. The Financial Carrier shall administer the Fund in accordance with the terms and conditions of the Agreement and of any applicable legislation.
