Impossibility of Diversion Sample Clauses

Impossibility of Diversion. It shall be impossible at any time for any part of the Trust Fund to be used for, or diverted to, purposes other than to provide the benefits contemplated under the Plan for the exclusive benefit of Participants and their Dependents, except that any taxes and administration expenses for which the Trust is liable may be made from the Trust Fund as provided for in this Trust.
Sample 1Sample 2See All (4)
AutoNDA by SimpleDocs
Impossibility of Diversion. At no time prior to the satisfaction of all liabilities with respect to a Series shall any of the assets of such Series be used for or diverted to purposes other than for the exclusive benefit of the related Member State or as set forth in the Implementing Agreement.
Sample 1Sample 2
Impossibility of Diversion. Except to the extent Section 7.2 of this Agreement applies following the termination of the Trust and the Trust’s satisfaction of all debts, liabilities and approved claims with respect to said Plan and the payment of all remaining Plan and Trust expenses, it shall be impossible at any time prior to said termination and satisfaction for any part of the Trust to be used for, or diverted to, purposes other than to provide the OPEB Benefits contemplated under the Plan for the exclusive benefit of Retirees, except that any taxes, fees, and administration expenses for which the Trust is liable may be made from the Trust as provided for herein.
Sample 1Sample 2
Impossibility of Diversion. In no event, prior to the satisfaction of all liabilities to provide Medical Benefits shall the Medical Benefits Account be used for, or diverted to, any purpose other than the payment of such benefits and any necessary or appropriate expenses of administration associated therewith. Any amounts credited to the Medical Benefits Account following the satisfaction of all such liabilities shall be returned to the Employers.
Sample 1
Impossibility of Diversion. It shall be impossible for any part of the corpus or income of the Trust to be used for or diverted to purposes other than the exclusive benefit of the Participants in the Plan and their beneficiaries prior to the satisfaction of all liabilities under the Plan with respect to such persons.
Sample 1

Related to Impossibility of Diversion

  • Impossibility Neither party shall be in default of this Charter, if the performance of any or all of this Charter is prevented, delayed, hindered or otherwise made impracticable or impossible by reason of any strike, flood, hurricane, riot, fire, explosion, war, act of God, sabotage or any other casualty or cause beyond either party’s control, and which cannot be overcome by reasonable diligence and without unusual expense.

  • Impossibility of Performance The credit union will not be liable for failure to comply with the terms of a wire transfer agreement caused by legal constraint interruption or failure of transmission and/or communications facilities, war, emergency, labor dispute, act of nature, or other circumstances beyond the control of the credit union.

  • Permissibility of Fees In regard to any other fees, the absence of express authority in this Security Instrument to charge a specific fee to Borrower should not be construed as a prohibition on the charging of such fee. Lender may not charge fees that are expressly prohibited by this Security Instrument or by Applicable Law.

  • Applicability of ¶ 2501 Local Church acknowledges and agrees that pursuant to ¶ 2501 of the Discipline, the Local Church holds all its property, real and personal, tangible and intangible, in trust for the benefit of The United Methodist Church, including the Real Property and Personal Property, and the Local Church will not take any actions that are inconsistent therewith or opposing or negating the same.

  • Applicability of Agreement The Developer agrees that the Lands shall be developed and used only in accordance with and subject to the terms and conditions of this Agreement.

  • Unavailability of Services You understand and agree that the Services may at times be temporarily unavailable due to system maintenance or technical difficulties. In the event any of the services included in our Mobile Banking Services are unavailable, you acknowledge that you can deposit an original check at our branches or through ATM that accepts your deposit, or by mail.

  • SEVERABILITY OF INTEREST CONSULTANT'S insurance shall apply separately to each insured against whom claim is made or suit is brought, except with respect to the limits of the insurer's liability.

  • Termination for Unavailability of Funds In the event of reduction, suspension, discontinuance or other unavailability of funds, CITY unilaterally may take appropriate action(s) including, but not limited to, immediately canceling or reducing existing service authorization, stopping or reducing further referrals of individuals, and/or reducing the maximum dollar amount of this AGREEMENT. CITY shall give GRANTEE no less than sixty (60) business days’ advance written notice of the action(s) CITY intends to take as a result of the unavailability of funds. CITY shall not be liable for start-up costs, or lost profits in the event of early termination.

  • Postal Disruption Despite section A17.2(a), in the event of a postal disruption:

  • Effect of cessation or determination of Agreement 35. (1) On the cessation or determination of this Agreement —

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