Segregated Trust Account definition
Segregated Trust Account means a segregated trust account established by Dow Corning in the corporate trust department of a financial institution of its choice and that is subject to an account control agreement that transfers dominion and control from Dow Corning to the Trust. Any such Insurance Proceeds shall be paid to the Trust within five (5) business days after receipt by such Segregated Trust Account.
Examples of Segregated Trust Account in a sentence
Any such Insurance Proceeds shall be paid to the Trust within five (5) business days after receipt by such Segregated Trust Account.