Common use of TRUSTEES' LIEN Clause in Contracts

TRUSTEES' LIEN. The Trustees shall have a first priority lien upon the Trust Assets to secure the payment of any amounts payable to them pursuant to Articles 5.5 and 5.6.

Appears in 1 contract

Sources: Settlement Trust Agreement (Asbestos Settlement Trust)

TRUSTEES' LIEN. The Trustees shall have a first priority lien upon the Trust Assets to secure the payment of any amounts payable to them pursuant to Articles 5.5 and 5.6Section 3.05 or Section 3.06 of this Agreement.

Appears in 1 contract

Sources: Liquidating Trust Agreement (Mercury Finance Co)