General Trust definition
Examples of General Trust in a sentence
By accepting this Certificate, the Holder hereof waives any Claim to any assets of the Titling Trustees and to all of the Titling Trust Assets from time to time included within the General Interest and each other Portfolio Interest as General Trust Assets and/or other Portfolio Assets and those proceeds or assets derived from or earned by such General Trust Assets and/or Portfolio Assets.
Agent shall retain interest paid on Security Deposit and/or General Trust accounts as well as any forfeited holding fees, NSF, Late and Notice fees incurred by Tenants as additional compensation for additional services required to collect and administer such funds.
The debts, liabilities, obligations and expenses incurred, contracted for or otherwise existing with respect to the General Interest or the related General Trust Assets shall be enforceable against such General Trust Assets only, and not against the assets of the Trust generally or against any Portfolio Assets.
Further, there shall be one or more Senior Trust Officers designated to assist the General Trust Officer in the performance of his duties.
On behalf of the Permittee, the City shall establish and record the deposit into a separate sub-account in the City General Trust Fund.
To the extent a Participant’s Account is invested as part of a General Trust Account, such Account is adjusted for its allocable share of net income or loss experienced by the General Trust Account using the Balance Forward Method.
There shall be a General Trust Officer of this Association whose duties shall be to manage, supervise and direct all the activities of the Capital Management Group.
The Trustee shall have no authority or obligation to invest or reinvest cash balances of any Directed Fund in the General Trust or otherwise pursuant to this Agreement unless and until it receives appropriate directions from the Asset Manager.
At the end of the contract period, or as directed by the Contracting Officer, a check for any balance remaining in this account shall be made payable to the Treasury General Trust Fund and given/transmitted to the Contracting Officer.
The General Trust Officer shall serve as an ex-officio member of the Committee.