Trust Corpus Clause Samples

Trust Corpus. The Grantor hereby transfers to the Trustee and the Trustee hereby accepts and agrees to hold, in Trust, such assets listed on Schedule A, attached hereto, transferred to the Trustee by the Grantor or on behalf of the Grantor. Such cash and/or property, together with the earnings thereon, together with any other cash or property received by the Trustee pursuant to paragraph EIGHT of this Trust Agreement, shall constitute the trust estate and shall be held, managed and distributed as hereinafter provided; provided, however, that upon review and inspection, the Trustee may decline to accept purchases or transfers of real property or other specific assets into the trust. The Grantor shall have the right at any time, and from time to time in its sole discretion, to substitute assets of equal fair market value for any asset held by the Trust. This right is enforceable by the Grantor in a non-fiduciary capacity without the approval or consent of any person in a fiduciary capacity. The Grantor shall execute any and all instruments necessary to vest the Trustee with full title to the property hereby or subsequently transferred.

Trust Corpus. (a) As used herein, the term "Trust Corpus" shall mean the amounts delivered to the Trustee as described in Section 2.01 and 4.02(b) hereof in whatever form held or invested as provided herein. The Trust Corpus shall be held, invested and reinvested by the Trustee in cash or marketable securities only in accordance with this Section 2.

Trust Corpus. As used herein, the term "Trust Corpus" shall mean any cash, Cash Equivalents or shares of Common Stock delivered, sold or otherwise contributed to the Trustee as described in Section 2.1 or 2.2 hereof, together with any dividends or earnings thereon or any proceeds from the disposition thereof, plus any cash or Cash Equivalents or shares of Common Stock sold or otherwise delivered thereafter pursuant to Section 2.1 or 2.2 hereof, together with any earnings thereon or any proceeds from the disposition thereof (and less such amounts distributed from the Trust pursuant to the terms hereof). As used herein, the term "Cash Equivalents" shall mean securities issued or directly and fully guaranteed by the United States or any agency or instrumentality thereof (provided that the full faith and credit of the United States is pledged in support thereof) having maturities of less than one year from the date of acquisition or money market portfolios of registered mutual funds, including those for which the Trustee or its affiliates acts as investment advisor. The Trust Corpus shall at all times be limited to shares of Common Stock and cash or Cash Equivalents.

Trust Corpus. Change in Control Section 3.01 Definition of Potential Change in Control..................................... Section 3.02

Trust Corpus. The entirety of the Trust’s corpus shall be available to pay the Beneficiaries and authorized expenses. The Trust Corpus shall be allocated, administered, and distributed as provided in the Survivor Claim Distribution Plan, the Plan, and the Confirmation Order.

Trust Corpus. (a) As used herein, the term "Trust Corpus" shall mean the amounts delivered to the Trustee pursuant to the terms hereof, less amounts distributed or paid from the Trust pursuant to the terms hereof, plus all income earned by the Trust, in whatever form held or invested as provided herein. Upon the transfer to the Trustee of the amounts provided in subsection 2.01(a)(2), to the extent the transferred amount consists of property other than cash, the Trustee shall hold such property in the form in which it was transferred and shall have no power or authority to liquidate, transfer, or sell the property prior to the date of a Change in Control without written instructions from the Company to do so. To the extent the transferred property consists of cash, the Trustee shall invest it in the Short-Term Portfolio as defined below. Upon the occurrence of a Change in Control, the Trustee shall, in an orderly manner, liquidate all the noncash assets of the Trust Corpus other than any split-dollar life insurance policies or corporate-owned life insurance policies and shall invest the proceeds of the liquidation in two portfolios as follows: (i) a short-term fixed income portfolio (the "Short-Term Portfolio") which, except as otherwise provided below in this Section 2.02(a), shall be invested solely in U.S. Treasury obligations having maturities of less than one year, and (ii) an immunized/dedicated fixed income portfolio ("the "Dedicated Portfolio") which shall constitute a portfolio of cash and/or U.S. Treasury obligations that will produce a cash flow sufficient to provide for the payment when due of all the Company's obligations to Executives under those Plans, the benefits under which are to be paid from the Dedicated Portfolio, as reflected on Exhibit B hereto. So long as the Dedicated Portfolio has a current and projected cash flow sufficient to pay when due all amounts to be paid from the Dedicated Portfolio, the Trustee shall hold the assets of the Dedicated Portfolio in that form. If the Trustee is advised by the Actuary that the Dedicated Portfolio is no longer sufficient for that purpose, the Trustee shall liquidate and reinvest the assets in the Trust Corpus as may be necessary to cause the Dedicated Portfolio to be sufficient for that purpose, or as nearly so as possible, all in accordance with the instructions of Loomis, Sayles and Co▇▇▇▇▇, I▇▇., ▇r its successor (the "Advisor"), or if that Company has discontinued business with no successor, with the i...

Trust Corpus. 4 1.22 Trustee...................................................... 4 ARTICLE II

Trust Corpus. Subject to the terms of the Plan, the entirety of the Trust Assets shall be available to pay the Beneficiaries, after payment or reserve for payment of the costs and expenses of administering the Trust. The Trust Assets shall be allocated, administered, and distributed as provided in the Plan.

Trust Corpus. Borrower will not remove or permit the removal of any portion of the trust corpus from the Administration Trust without the prior written consent of Lender.