Separate trust Sample Clauses

Separate trust. From time to time, at any time, GMA may decide to place any money received from the Client into a separate interest-bearing trust account. This usually takes the form of a Guaranteed Investment Certificate held by us for the benefit of the Client. For funds in separate trust, all interest is credited to the Client. However, such accounts are also additional work and may add billable hours to the Retainer. GMA also reserves the right to charge the Client an administrative fee over and above the additional billable hours.

Separate trust. For Cycle 3, the Plan document cannot contain any Trust provisions (see Note that follows).Will athe FIS separate trust agreement be used? (Note: If the

Separate trust. The purpose of this Trust shall be to provide for retiree health care expense reimbursement benefits. The Trust shall be and remain separate and apart from any CITY health insurance funding program, unless changed by mutual written agreement of the parties.

Separate trust. The purpose of this Trust shall be to provide for retiree health care expense reimbursement benefits. The Trust shall be and remain separate and apart from any City of Petaluma health insurance funding program, unless changed by mutual written agreement of the parties. The contributions set forth herein, unless otherwise dictated by law or rules set forward by the employees' pension system, shall be considered salary for purpose of calculating pension benefits.

Separate trust. From and after the Effective Date and until such time as all Disputed Claims or Unresolved Claims for which property is held in the Disputed Claims Reserve (collectively in this Section 11, the “Reserved Claims”) are resolved, a portion of the Creditor Trust Assets will be retained on account of such claims and, as discussed below, will be treated for federal income tax purposes as if held in a separate trust (the “Separate Trust”). Absent definitive guidance from the IRS or a court of competent jurisdiction to the contrary (including the issuance of applicable Treasury regulations, the receipt by the Managing Trustee of a private letter ruling if the Managing Trustee so requests one or the receipt of an adverse determination by the IRS upon audit if not contested by the Managing Trustee), the Managing Trustee will: (a) treat all the assets of the Trust allocable to, or retained on account of, the Reserved Claims, as held in the Separate Trust for federal income tax purposes, consisting of separate and independent shares to be established in respect of each Reserved Claim, in accordance with the trust provisions of the Tax Code (section 641 et seq. of the Tax Code); (b) treat as a taxable income or loss of the Separate Trust with respect to any given taxable year the portion of the taxable income or loss of the Trust that would have been allocated to the holders of such Reserved Claims had such claims been allowed on the Effective Date (but only for the portion of the taxable year with respect to which such claims are unresolved); (c) treat as a distribution from the Separate Trust any increased amounts distributed by the Trust as a result of any Reserved Claim against any of the Debtors being resolved earlier in the taxable year, to the extent such distribution related to taxable income or loss of the Separate Trust determined in accordance with the provisions hereof; and (d) to the extent permitted by applicable law, report consistently for state and local income tax purposes.

Separate trust. 9 ARTICLE III .................................................................10 Section 3.1 Initial Cost ..................................................10 Section 3.2 Income Account ................................................10 Section 3.3