Custodial Trust Assets definition

Custodial Trust Assets means (a) those assets and properties, including the Funds, the Transferred Real Properties, the Transferred Contracts, and any documents and/or information concerning the Transferred Real Properties and related Sites in the possession of environmental contractors or consultants previously retained by the Debtors, to be transferred to the Environmental Custodial Trust pursuant to the Plan and the Settlement Agreement; and (b) such other assets acquired or held by the Environmental Custodial Trust from time to time pursuant to this Agreement, the Settlement Agreement and the Plan, or an order of the Court.
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Custodial Trust Assets means (a) those assets and properties, including the Funding, the Designated Properties, Attendant Property Interests, and the Transferred Contracts, to be transferred to the Texas Custodial Trust pursuant to the Settlement Agreement and (b) such other assets acquired or held by the Texas Custodial Trust from time to time pursuant to this Agreement, the Settlement Agreement, or an order of the Court.
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Examples of Custodial Trust Assets in a sentence

  • Except as otherwise provided herein or by the Plan or the Settlement Agreement, the Environmental Custodial Trust Trustee shall not be required to file any accounting or seek approval of the Court with respect to the administration of the Environmental Custodial Trust, or as a condition for making any payment or distribution out of the Custodial Trust Assets.

  • The Environmental Custodial Trust hereby accepts and agrees to hold the Custodial Trust Assets in the Environmental Custodial Trust for the benefit of the Environmental Trust Beneficiaries for the purposes described in Section 2.3, subject to the terms of the Plan, the Settlement Agreement and this Agreement, and any applicable orders of the Court.

  • The Environmental Custodial Trust shall regularly, but not less often than annually, and otherwise upon the reasonable request of the United States or the States, provide documentation to the United States and the States to substantiate compliance with the applicable approved budget and application of Custodial Trust Assets consistently with the terms of this Agreement, the Settlement Agreement and the Plan.

  • Notwithstanding anything to the contrary in this Article 3, the Environmental Custodial Trust hereby grants to the Environmental Custodial Trust Trustee, the United States and the respective States a first-priority lien on and security interest in the Custodial Trust Assets to secure the payment of all amounts owed to, accrued or reserved on account of the Environmental Custodial Trust or to be retained by the Environmental Custodial Trust Trustee hereunder or otherwise due hereunder.

  • For all federal income tax purposes, the Environmental Custodial Trust Trustee and Settlors shall treat the transfer of the Custodial Trust Assets by Settlors to the Environmental Custodial Trust as a transfer to a qualified settlement fund pursuant to section 468B of the Internal Revenue Code and related Treasury Regulations.

  • If, and only if, the United States and the States in which the relevant Transferred Real Properties are located unanimously direct the Environmental Custodial Trust Trustee in writing to purchase such insurance, shall the Environmental Custodial Trust Trustee use Custodial Trust Assets to purchase such insurance.

  • The approved budget shall be funded by the transfer of the approved amounts from the Custodial Trust Assets.

  • Subject to Section 2.7 of this Agreement, the income and gains from any investment of the Custodial Trust Assets shall be allocated, paid and credited to such Custodial Trust Account.

  • Upon transfer of the Environmental Trust Assets to the Environmental Custodial Trust, the Environmental Custodial Trust shall be the exclusive holder of the Custodial Trust Assets and Custodial Trust Accounts described herein for purposes of 31 U.S.C. § 3713(b) and 26 U.S.C. § 6012 (b)(3).

  • Any and all distributions of Custodial Trust Assets shall be in compliance with applicable laws, including, but not limited to, applicable federal and state securities laws.

Related to Custodial Trust Assets

  • Note A-1 Trust Fund means the trust formed pursuant to the Note A-1 PSA.

  • Note A-4 Trust Fund means the trust formed pursuant to the Note A-4 PSA.

  • Liquidating Trust Assets means the assets of a Debtor or Debtor-Controlled Entity to be transferred to a Liquidating Trust as may be determined by the Plan Administrator, which shall be described in a Liquidating Trust Agreement.

  • Trust Assets means, with respect to the Appointments and to the extent held, deposited or invested by any Seller for the benefit of others (whether or not constituting all or a portion of the corpus of any trust) as collateral, trust assets or otherwise by the applicable Corporate Trust Contracts or any other applicable legal obligation, (a) all cash on hand or held in bank accounts (including the Deposits) or in money market funds, and (b) all shares, stock, bonds, debentures, notes, mortgages, guarantees, letters of credit, certificates of indebtedness, warrants, treasuries or other securities or financial instruments or property of any type or description.

  • the Trust Fund means the Bond(s) referred to in the First Schedule to the Declaration of Trust and the property from time to time representing the same (and also includes any other property which may become Trust Property as a result of any loan to the Trustees or any addition by way of gift or any accumulation of income).

  • Lead Securitization Trust means the Securitization Trust created in connection with the Lead Securitization.

  • Liquidating Trust Agreement means an agreement evidencing the terms and provisions governing a Liquidating Trust that shall be entered into prior to the establishment of such Liquidating Trust and pursuant to which a Liquidating Trustee shall manage and administer Liquidating Trust Assets.

  • Non-Lead Securitization Trust means the Securitization Trust into which any Non-Lead Securitization Note is deposited.

  • Liquidation Trust Agreement means the Liquidation Trust Agreement to be dated as of the Effective Date establishing the terms and conditions of the Liquidation Trust, substantially in the form attached hereto as Exhibit B.

  • Property Trustee Account has the meaning set forth in Section 3.8(c).

  • Indenture Trust Estate means all money, instruments, rights and other property that are subject or intended to be subject to the lien and security interest of the Indenture for the benefit of the Noteholders (including all Collateral Granted to the Indenture Trustee), including all proceeds thereof.

  • Escrow Trustee means the bank or trust company designated by the Fiscal Officer in the Certificate of Award as the initial escrow agent with respect to the Refunded Bonds under the Escrow Agreement and until a successor Escrow Trustee shall have become such pursuant to the provisions of the Escrow Agreement and, thereafter, "Escrow Trustee" shall mean the successor Escrow Trustee.

  • Owner Trust Estate means all right, title and interest of the Trust in and to the property and rights assigned to the Trust pursuant to Article II of the Sale and Servicing Agreement, all funds on deposit from time to time in the Trust Accounts and all other property of the Trust from time to time, including any rights of the Trust pursuant to the Sale and Servicing Agreement.

  • Delaware Trust Assets Purchaser means the Computershare Delaware Trust Company.

  • Master Trust Trustee means the entity acting as trustee under the applicable Pooling and Servicing Agreement.

  • Note A-3 Trust Fund means the trust formed pursuant to the Note A-3 PSA.

  • Master Trust Agreement means the Second Amended and Restated Trust Agreement, dated as of May 8, 2019, between Verizon ABS II LLC, as depositor, and the Master Trust Owner Trustee, as amended, restated, supplemented or modified from time to time.

  • Note A-2 Trust Fund means the trust formed pursuant to the Note A-2 PSA.

  • Collateral Trust Agreement means the Collateral Trust Agreement, dated as of the date hereof, among, among others, the Borrower, the subsidiaries of the Borrower party thereto from time to time as grantors, the MIP Shareholders party thereto from time to time and GLAS Trust Company LLC, in its respective capacities, including as Collateral Trustee.

  • Trust Agent means U.S. Bank, as Trust Agent under the Titling Trust Agreement.

  • Liquidation Trustee means the trustee appointed jointly by the Debtors and the Creditors’ Committee, and identified in the Plan Supplement, to serve as the liquidation trustee under the Liquidation Trust Agreement, or any successor appointed in accordance with the terms of the Plan and Liquidation Trust Agreement.

  • Owner Trustee means Wilmington Trust Company, a Delaware trust company, not in its individual capacity but solely as owner trustee under this Agreement, and any successor Owner Trustee hereunder.

  • Note A-1 Trustee means the trustee under the Note A-1 PSA.

  • Initial Trust Agreement shall have the meaning assigned to such term in Section 2.12 of the Trust Agreement.

  • Original Trust Agreement has the meaning specified in the recitals to this Trust Agreement.