Common use of POWERS AND DUTIES OF TRUSTEES AND APPLICATION OF TRUST FUND Clause in Contracts

POWERS AND DUTIES OF TRUSTEES AND APPLICATION OF TRUST FUND. Section 1. Obligations -- The Trustees and their successors declare that they will receive, hold and administer the contributions herein provided for and any other money or property that may be entrusted to them as Trustees hereunder with the powers and duties and for the use, purposes and trusts herein named and for none other. The Trustees shall have the duties and powers described herein with respect to each Benefit Plan.

Appears in 4 contracts

Samples: Agreement and Declaration, Agreement and Declaration, Agreement and Declaration

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POWERS AND DUTIES OF TRUSTEES AND APPLICATION OF TRUST FUND. Section 1. Obligations -- The Trustees and their successors declare that they will receive, hold and administer the contributions herein provided for and any other money or property that may be entrusted to them as Trustees hereunder with the powers and duties and for the use, purposes and trusts herein named and for none other. The Trustees shall have the duties and powers described herein with respect to each Benefit Plan.

Appears in 3 contracts

Samples: Agreement and Declaration, Agreement and Declaration, Trust Agreement

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