Common use of Liquidation of the Trust Clause in Contracts

Liquidation of the Trust. In connection with the dissolution of the Trust, the assets of the Trust shall be liquidated at the written direction of ADS and applied as follows: (i) first, to pay the costs and expenses of the winding up, liquidation and termination of the Trust, including all amounts owed to the Trustee, (ii) second, to establish reserves to the extent required by the Act and any applicable law, in each case, in the order of priority provided by law, and (iii) third, to ADS.

Liquidation of the Trust. In connection with ------------------------ the dissolution of the Trust, the assets of the Trust shall be liquidated at the written direction of ADS and applied as follows: (i) first, to pay the costs and expenses of the winding up, liquidation and termination of the Trust, including all amounts owed to the Trustee, (ii) second, to establish reserves to the extent required by the Act and any applicable law, in each case, in the order of priority provided by law, and (iii) third, to ADS.

Liquidation of the Trust. In connection with the ------------------------ dissolution of the Trust, the assets of the Trust shall be liquidated at the written direction of ADS and applied as follows: (i) first, to pay the costs and expenses of the winding up, liquidation and termination of the Trust, including all amounts owed to the Trustee, (ii) second, to establish reserves to the extent required by the Act and any applicable law, in each case, in the order of priority provided by law, and (iii) third, to ADS.