Examples of Orphan Pipeline Fund in a sentence
If property remains in the Fund after all Reclamation Obligations of the Beneficiaries are discharged, then the Trustee, with the approval of the Tribunal, may distribute the Fund or any part thereof among any of the Beneficiaries and Orphan Pipeline Fund, or, where such is the case, a single Beneficiary and the said Orphan Pipeline Fund, as the Trustee in its sole discretion sees fit.
If property remains in the Fund after all Reclamation Obligations of the Beneficiaries are discharged, then the Trustee, with the approval of the Tribunal, may distribute the Fund or any part thereof among any of the Beneficiaries (including the Company), or the Orphan Pipeline Fund, or, where such is the case, a single Beneficiary and the said Fund, as the Trustee in its sole discretion sees fit.
If the Trust is terminated pursuant to Sectionsection 13.2(b) and Property remains in the Fund after all Reclamation Obligations of the Beneficiaries has been completed and paid for, then the Trustee, with the approval of the NEB, may distribute the Fund or any part thereof among any of the Beneficiaries and if applicable, the Orphan Pipeline Fund, or, where such is the case, a single Beneficiary and the said Orphan Pipeline Fund, selected by the Trustee as the Trustee in its sole discretion sees fit.
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If Property remains in the Trust Fund after all Reclamation Obligations are discharged, then the Trustee, with the approval of the NEB, may distribute the Trust Fund or any part thereof among any of the Beneficiaries, including the Orphan Pipeline Fund, or, where such is the case, a single Beneficiary and the said Orphan Pipeline Fund as the Trustee in its sole discretion sees fit.
In summary, Cochin and Trans Mountain propose the following modifications to the NEB's approved version of the PRT Agreement: Sections 1.1 "Beneficiary" and 13.2.6 – Given the definition of "Orphan Pipeline Fund" (i.e., "…a not-for-profit organization established pursuant to a statute of the Parliament of Canada…"), the definition of "Beneficiary" in section 1.1 has been amended to refer to "an" Orphan Pipeline Fund, rather than "the" Orphan Pipeline Fund.
If property remains in the Fund after all Reclamation Obligations of the Beneficiaries are discharged as finally determined by the Tribunal, then the Trustee, with the approval of the Tribunal, may distribute the Fund or any part thereof among any of the Beneficiaries and the Orphan Pipeline Fund as the Trustee in its sole discretion sees fit, or, where such is the case, a single Beneficiary and the Orphan Pipeline Fund.
If property remains in the Fund after all Reclamation Obligations of the Company with respect to the Site are discharged, then the Trustee, with the approval of the Tribunal, shall distribute the Fund among some one or more of the Company and Orphan Pipeline Fund, and in such proportions, as the Trustee in its absolute discretion determines.
If property remains in the Fund after all Reclamation Obligations of the Beneficiaries are discharged as finally determined by the Tribunal, then the Trustee, with the approval of the Tribunal, may distribute the Fund or any part thereof among any of the Beneficiaries and the Orphan Pipeline Fund as the Trustee in its sole discretion sees fit, or, where such is the case, a single Beneficiary and the saidOrphan Pipeline Fund.
If Property remains in the Trust Fund after all Reclamation Obligations are discharged, then the Trustee, with the approval of the NEB, may distribute the Trust Fund or any part thereof among any of the Beneficiaries, including thean Orphan Pipeline Fund, or, where such is the case, a single Beneficiary and the said Orphan Pipeline Fund as the Trustee in its sole discretion sees fit.