Common use of Withholding Trustee Fees Clause in Contracts

Withholding Trustee Fees. Trustee is hereby authorized to withhold such compensation from income of the Preneed Trust Fund to the extent permitted under Title 27, Chapter 17A of the Code of Alabama 1975. In the event the Preneed Trust Fund is insufficient to cover payment of such compensation, or to the extent such compensation cannot be fully paid from income to the Preneed Trust Fund due to limitations imposed under Title 27, Chapter 17A of the Code of Alabama 1975, Cemetery Authority shall pay that portion of such compensation which is not paid from such income upon receipt of written notice by Trustee.

Appears in 6 contracts

Samples: Master Trust Agreement, Merchandise and Services, Preneed Cemetery Merchandise and Services Trust Agreement

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Withholding Trustee Fees. Trustee is hereby authorized to withhold such compensation from income of the Preneed Trust Fund to the extent permitted under Title 27, Chapter 17A of the Code of Alabama 1975. In the event the Preneed Trust Fund is insufficient to cover payment of such compensation, or to the extent such compensation cannot be fully paid from income to the Preneed Trust Fund due to limitations imposed under Title 27, Chapter 17A of the Code of Alabama 1975, Cemetery Authority Funeral Establishment shall pay that portion of such compensation which is not paid from such income upon receipt of written notice by Trustee.

Appears in 6 contracts

Samples: Merchandise and Services, Merchandise and Services, Merchandise and Services Master Trust Agreement

Withholding Trustee Fees. Trustee is hereby authorized to withhold such compensation from income of the Preneed Endowment Care Trust Fund to the extent permitted under Title 27, Chapter 17A of the Code of Alabama 1975. In the event the Preneed Endowment Care Trust Fund is insufficient to cover payment of such compensation, or to the extent such compensation cannot be fully paid from income to the Preneed Endowment Care Trust Fund due to limitations imposed under Title 27, Chapter 17A of the Code of Alabama 1975, Cemetery Authority shall pay that portion of such compensation which is not paid from such income upon receipt of written notice by Trustee.

Appears in 4 contracts

Samples: Endowment Care Cemetery, Endowment Care Cemetery Trust Agreement, Endowment Care Cemetery Trust Agreement

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Withholding Trustee Fees. Trustee is hereby authorized to withhold such compensation from income of the Preneed Trust Fund to the extent permitted under Title 2734, Chapter 17A 13 of the Code of Alabama 1975. In the event the Preneed Trust Fund is insufficient to cover payment of such compensation, or to the extent such compensation cannot be fully paid from income to the Preneed Trust Fund due to limitations imposed under Title 2734, Chapter 17A 13 of the Code of Alabama 1975, Cemetery Authority Funeral Establishment shall pay that portion of such compensation which is not paid from such income upon receipt of written notice by Trustee.

Appears in 1 contract

Samples: Preneed Funeral Merchandise and Services Master Trust Agreement

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