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Common use of TRUSTEES' LIEN Clause in Contracts

TRUSTEES' LIEN. The Trustees shall have a prior lien upon the Trust Estate to secure the payment of any amounts payable to them pursuant to Section 5.05 or 5.06.

Appears in 2 contracts

Sources: Settlement Agreement (Manville Personal Injury Settlement Trust), Settlement Agreement (Johns Manville Corp /New/)

Related Clauses

  • Trustee's Liability
  • Indenture Trustee’s Disclaimer
  • Trustee Liens
  • Collateral Trustee
  • Trustee’s Disclaimer

Parent Clauses

  • Agreements With Trustee
  • Trustees
  • Agreements With Trustees
  • Trustees Delaware Trustee
  • EES TRUSTEES

Sub-Clauses

  • Partnership Share Agreement
  • Procedure for award of Free Shares
  • General requirements for Matching Shines
  • Modification and Alterations
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