Examples of Trust Fund in a sentence
Section 4.1. The Trustee shall collect on the due dates thereof the principal of and interest on the Government Obligations on deposit in the Refunding Trust Fund and shall apply the principal and interest so received in accordance with the provisions of this Article.
The Government Obligations and any other securities or moneys on deposit in the Refunding Trust Fund shall be used solely for the purpose set forth in the preceding sentence.
Section 6.1. The liability of the Trustee to make the payments required by this Agreement with respect to the Refunded Bonds shall be limited to the principal of and interest on the Government Obligations and any other funds or securities deposited in the Refunding Trust Fund.
There is hereby created and established with the Trustee a special and irrevocable trust fund designated the "Massachusetts Water Resources Authority General Revenue Refunding Bonds, 2019 C Refunding Trust Fund" (the "Refunding Trust Fund") to be held in the custody of the Trustee as a trust fund separate and apart from all other funds or assets of the Authority or of the Trustee.
Effective October the Company agrees to contribute four ($0.04) per hour for all regular paid hours for all employees in the bargaining unit into the Local Education and Training Trust Fund.