Notification to Trustee to Pay Sample Clauses
The "Notification to Trustee to Pay" clause establishes the process by which a party informs the trustee to release or disburse funds or assets held in trust. Typically, this clause outlines the conditions or events that must occur before the trustee is authorized to make a payment, such as the completion of certain obligations or the receipt of specific documentation. By clearly defining the notification procedure, this clause ensures that payments are made only when appropriate, thereby safeguarding the interests of all parties and preventing unauthorized or premature disbursements.
Notification to Trustee to Pay. If the company determines, or the Board or the Local S.U.B.P. Committee on an appeal determines, that a Regular Benefit is payable from the Fund, the company shall deliver prompt written notice thereof to the Trustee to pay such Regular Benefit.
Notification to Trustee to Pay. If the Company determines that a Regular Benefit is payable, it shall deliver prompt written notice to the Trustee to pay the Regular Benefit.
Notification to Trustee to Pay. If the Company determines that a Benefit, other than an Automatic Short Week Benefit, or Separation Payment is payable from the Fund, it shall deliver prompt written notice thereof to the Trustee to pay such Benefit or Separation Payment.
Notification to Trustee to Pay. If the Company determines that a benefit is payable, it shall deliver prompt written notice to the Trustee to pay the benefit. The payment of benefits under the Plan may be made by, and the return of amounts of overpayments may be made to, the representatives of the Trustee appointed by it for such purpose. Such representatives may be employees of the Company.