Settlement Facility. Pursuant to the Settlement Facility Agreement, a Depository Trust (as defined therein) has been established. All assets (including but not limited to funds and interests in insurance policies and Insurance Proceeds) of the Settlement Facility shall be received, held, invested and disbursed by the Depository Trust on behalf of the Settlement Facility in accordance with the terms of the Depository Trust Agreement. Notwithstanding anything to the contrary contained in this Agreement, whenever this Agreement refers to the Settlement Facility or Settlement Fund receiving, holding, investing, disbursing or otherwise dealing with assets, it shall be deemed to refer to actions taken by the Trustee in accordance with the Depository Trust Agreement.
Appears in 3 contracts
Sources: Funding Payment Agreement, Funding Payment Agreement, Funding Payment Agreement