Funds in Trust definition

Funds in Trust means “funds in trust” as such term is used in the financial statements of the Target with respect to the funds held pursuant to that certain Collateral Trust Agreement by and among the Target (as successor to NATLSCO, Inc.), Lumbermens Mutual Casualty Company, American Manual Insurance Company and LaSalle Bank National Association dated as of July 22, 2003.
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Funds in Trust. Section 8.04 “incur” Section 4.07 “Legal Defeasance” Section 8.02 “Paying Agent” Section 2.04 “Permitted Consideration” Section 4.11 “Permitted Debt” Section 4.07 “Permitted Payment” Section 4.08 “Prepayment Offer” Section 4.11
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Examples of Funds in Trust in a sentence

  • Any amounts received by the Servicer in respect of any policies of insurance carried by the Servicer in respect of third party liability and extended coverage claims applicable to or relating to the Loans and their Related Security will be held and dealt with by the Servicer in accordance with Section 3.6 (Funds in Trust) of this Agreement.

  • Funds in Trust; Unclaimed Funds.............................21 SECTION 3.06.

  • The Trustees have the responsibility and authority to maintain the Funds in Trust.

  • These funds shall be contributed by the Employer to the Administrator, Electrical Industry’s Welfare Trust Funds in Trust or to such other person or corporation in trust as the Parties hereto may agree from time to time in writing on behalf of every employee covered by this Agreement.