Trust Fund Obligations Sample Clauses

Trust Fund Obligations. It is agreed that the undersigned employer hereby becomes a party to the applicable Trust Agreements for each trust fund. Employer agrees to be bound by the written provisions and procedures of said trust agreements, and any present or future amendments to such trust agreements, or any successor trust agreements.
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Trust Fund Obligations. 14.01 The Contractor agrees to be bound by the Trust Fund Agreements establishing of Local 577 Trust Funds (fringe benefits) listed on the Addendum and further agree to be bound by and comply with all the rules and regulations of the Health & Welfare, Apprenticeship and Collections Funds of the Local 577 Trust Funds, and all reciprocity participants, of Local 577 pledges to work on behalf of the Western Wall & Ceiling Contractors Association to have them placed on the Board of Trustees once the association has two employers with two or more full- time Plasterer’ employees working for each employer and covered under this agreement. The association agrees to withdraw/resign from the board of Trustees if employers do not have this minimum, as stated, of full-time employees working under this agreement. The Pension Fund known as the Cement Masons’ and Plasterers Pension Trust has been established in Aurora, Colorado. The Employer agrees to abide by said Trust Agreement and the rules, regulations and policies of the Trust, as may be amended and/or supplemented from time to time. The Employer further agrees to accept the appointed Employer Trustees as their trustees and abide by the actions, directions and decision of the Board of Trustees pertaining to the Employers’ obligations to the Trust. The Employer agrees to make payment of contributions according to Appendix A hereto. Such contributions must be mailed to Cement Masons and Plasterers Trust Fund CompSys Inc. located at 0000 Xxxxx Xxxxxx Xxxx, Suite 215 Aurora Colorado 80014, (000)000-0000, or the Third-Party Administrator designated by the Union to be timely received by the Trust in accordance with the Trust Collection Policy of which Employer acknowledges receipt. Participation by the Employers in said Trust shall be for the duration of this agreement and any renewals or extensions thereof, or for the period employees are employed under the terms of this agreement. The Employer hereby consents to the jurisdiction and venue of the Federal and State Courts in the jurisdictional areas of Colorado and Wyoming as the exclusive jurisdiction and venue for disputes regarding the Employer’s compliance with this Article and the rules, regulations and policies of the Trust, including the timely payment of contributions and cooperation for audits. The Employer further agrees that, to the extent not pre-empted or governed by federal law, the law of the States of Colorado and Wyoming shall govern this Agreement and th...
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Trust Fund Obligations. It is agreed that the undersigned employer hereby becomes a party to the appli- cable Trust Agreements for each trust fund. Employer agrees to be bound by the written provisions and procedures of said trust agreements, and any present or future amendments to such trust agreements, or any successor trust agreements.
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Trust Fund Obligations. All payments required to be made by each employer to the Vacation Savings Plan, the Health and Welfare Trust Fund, the Pension Trust Fund, and the Apprenticeship Training Trust under this Agreement, shall be due and payable to the appropriate Trust Fund no later than the thirtieth (30th) day of the month for all hours worked by employees covered by this Agreement during the preceding month. An employer who has not made such payment by the thirtieth (30th) day of the month shall be considered as in violation of this Agreement and a delinquent employer. The Union has the right to withhold services from any and all jobs of such delinquent Contractor or Subcontractors, if proper payment is not made. Should the Union withhold services from any delinquent Contractors for any and all jobs covered by this Agreement, it will not be considered a violation of the no strike-no lockout clause contained in this Agreement. The Contractor agrees to comply with the Joint Trust Fund Collection Policy in existence at the time of this Agreement and as amended by the Board of Trustees.
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Trust Fund Obligations 
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Related to Trust Fund Obligations

  • Fund Obligations A. The Fund agrees to use its reasonable efforts to deliver to DST in Kansas City, Missouri, as soon as they are available, all of its shareholder account records.

  • Expenses and Obligations Except as otherwise expressly provided in this Agreement, all costs and expenses incurred by the parties hereto in connection with the transactions contemplated by this Agreement shall be borne solely and entirely by the party that has incurred such expenses.

  • Continuing Rights and Obligations After the satisfaction and discharge of this Indenture, this Indenture will continue for (i) rights of registration of transfer and exchange, (ii) replacement of mutilated, destroyed, lost or stolen Notes, (iii) the rights of the Noteholders to receive payments of principal of and interest on the Notes, (iv) the obligations of the Indenture Trustee and any Note Paying Agent under Section 3.3, (v) the rights, obligations and immunities of the Indenture Trustee under this Indenture and (vi) the rights of the Secured Parties as beneficiaries of this Indenture in the property deposited with the Indenture Trustee payable to them for a period of two years after the satisfaction and discharge.

  • Rights and Obligations Evidenced by the Certificates (a) Each Normal Units Certificate shall evidence the number of Normal Units specified therein, with each such Normal Unit representing the ownership by the Holder thereof of a beneficial interest in a Note or the appropriate Treasury Consideration or Applicable Ownership Interest in the Treasury Portfolio, as the case may be, subject to the Pledge of such Note, Treasury Consideration or Applicable Ownership Interest in the Treasury Portfolio, as the case may be, by such Holder pursuant to the Pledge Agreement, and the rights and obligations of the Holder thereof and the Company under one Purchase Contract. The Agent as attorney-in-fact for, and on behalf of, the Holder of each Normal Unit shall pledge, pursuant to the Pledge Agreement, the Note or the appropriate Treasury Consideration or Applicable Ownership Interest in the Treasury Portfolio, as the case may be, forming a part of such Normal Unit, to the Collateral Agent and grant to the Collateral Agent a security interest in the right, title, and interest of such Holder in such Note, Treasury Consideration or Applicable Ownership Interest in the Treasury Portfolio, as the case may be, for the benefit of the Company, to secure the obligation of the Holder under each Purchase Contract to purchase the Common Stock of the Company. Prior to the purchase of shares of Common Stock under each Purchase Contract, such Purchase Contracts shall not entitle the Holders of Normal Units Certificates to any of the rights of a holder of shares of Common Stock, including, without limitation, the right to vote or receive any dividends or other payments or to consent or to receive notice as stockholders in respect of the meetings of stockholders or for the election of directors of the Company or for any other matter, or any other rights whatsoever as stockholders of the Company.

  • Liabilities and Obligations Schedule 5.10 sets forth an accurate list as of the Balance Sheet Date of (i) all material liabilities of the Company of a nature that they are required in accordance with GAAP to be reflected on a balance sheet and which are not reflected on the balance sheet of the Company at the Balance Sheet Date or otherwise reflected in the Company Financial Statements at the Balance Sheet Date and which are not disclosed on any of the other Schedules to this Agreement, and (ii) all loan agreements, indemnity or guaranty agreements, bonds, mortgages, pledges and material security agreements to which the Company is a party or by which its properties may be bound. To the knowledge of the Stockholders, except as set forth on Schedule 5.10, since the Balance Sheet Date the Company has not incurred any material liabilities of any kind, character or description, whether accrued, absolute, secured or unsecured, contingent or otherwise, other than liabilities incurred in the ordinary course of business. The Company has also delivered to TCI on Schedule 5.10, in the case of those contingent liabilities known to Stockholders and related to pending or threatened litigation, or other liabilities which are not fixed, a good faith and reasonable estimate (to the extent the Company can reasonably make such an estimate) of the maximum amount which the Company reasonably expects will be payable and the amount, if any, accrued or reserved for each such potential liability on the Company's Financial Statements; in the case of any such liability for which no estimate has been provided, the estimate for purposes of this Agreement shall be deemed to be zero.

  • Debt and Obligations Secured All property and Liens assigned, pledged or otherwise granted under or in connection with this Agreement (including, without limitation, those under Section 3.2 (Grant of Liens)) or any of the Financing Documents shall secure (a) the payment of all of the Obligations, including, without limitation, any and all Outstanding Letter of Credit Obligations, and (b) the performance, compliance with and observance by the Borrowers of the provisions of this Agreement and all of the other Financing Documents or otherwise under the Obligations.

  • Finance Parties’ rights and obligations (a) The obligations of each Finance Party under the Finance Documents are several. Failure by a Finance Party to perform its obligations under the Finance Documents does not affect the obligations of any other Party under the Finance Documents. No Finance Party is responsible for the obligations of any other Finance Party under the Finance Documents.

  • Trustee’s Rights and Obligations The Trustee is entitled to receive, and will be fully protected in relying upon, an Opinion of Counsel stating that the execution of any amendment, supplement or waiver authorized pursuant to this Article is authorized or permitted by the Indenture. If the Trustee has received such an Opinion of Counsel, it shall sign the amendment, supplement or waiver so long as the same does not adversely affect the rights of the Trustee. The Trustee may, but is not obligated to, execute any amendment, supplement or waiver that affects the Trustee’s own rights, duties or immunities under the Indenture.

  • Duties and Obligations The Administrative Agent shall not have any duties or obligations except those expressly set forth in the Loan Documents. Without limiting the generality of the foregoing, (a) the Administrative Agent shall not be subject to any fiduciary or other implied duties, regardless of whether a Default has occurred and is continuing, (b) the Administrative Agent shall not have any duty to take any discretionary action or exercise any discretionary powers, except discretionary rights and powers expressly contemplated by the Loan Documents that the Administrative Agent is required to exercise as directed in writing by the Required Lenders (or such other number or percentage of the Lenders as shall be necessary under the circumstances as provided in Section 9.02), and, (c) except as expressly set forth in the Loan Documents, the Administrative Agent shall not have any duty to disclose, and shall not be liable for the failure to disclose, any information relating to any Loan Party or any Subsidiary that is communicated to or obtained by the bank serving as Administrative Agent or any of its Affiliates in any capacity. The Administrative Agent shall not be liable for any action taken or not taken by it with the consent or at the request of the Required Lenders (or such other number or percentage of the Lenders as shall be necessary under the circumstances as provided in Section 9.02) or in the absence of its own gross negligence or willful misconduct as determined by a final nonappealable judgment of a court of competent jurisdiction. The Administrative Agent shall be deemed not to have knowledge of any Default unless and until written notice thereof is given to the Administrative Agent by the Borrower or a Lender, and the Administrative Agent shall not be responsible for or have any duty to ascertain or inquire into (i) any statement, warranty or representation made in or in connection with any Loan Document, (ii) the contents of any certificate, report or other document delivered hereunder or in connection with any Loan Document, (iii) the performance or observance of any of the covenants, agreements or other terms or conditions set forth in any Loan Document, (iv) the validity, enforceability, effectiveness or genuineness of any Loan Document or any other agreement, instrument or document, (v) the creation, perfection or priority of Liens on the Collateral or the existence of the Collateral, or (vi) the satisfaction of any condition set forth in Article IV or elsewhere in any Loan Document, other than to confirm receipt of items expressly required to be delivered to the Administrative Agent.

  • Rights and Obligations of Each Fund The rights and obligations set forth in this Agreement with respect to each repurchase transaction shall accrue only to the Participating Funds in accordance with their respective interests therein. No other Fund shall receive any rights or have any liabilities arising from any action or inaction of any Participating Fund under this Agreement with respect to such repurchase transaction.

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