Common use of The Custodial Trust Accounts Clause in Contracts

The Custodial Trust Accounts. a. The Custodial Trustee shall create a segregated Custodial Trust Environmental Costs Account (“Custodial Trust Environmental Costs Account”) within the Custodial Trust for each of the Designated Properties (except that the accounts for (i) the Trench Mine Designated Property and Salero Designated Property in Arizona and (ii) Gold Hill Designated Property and Belshazzar Designated Property in Utah, shall each cover the two properties respectively as provided herein). The purpose of a Custodial Trust Environmental Costs Account for a Designated Property shall be to provide funding for future Environmental Actions and certain future oversight costs of the Governments with respect to the Designated Property and related Site. Funding from a Custodial Trust Environmental Costs Account for a Designated Property may not be used for another Designated Property and related Site except as otherwise expressly provided by and in accordance with Subparagraphs 10(m) and (n) hereof.