Examples of Trust Funding in a sentence
Mitigating factors for these risks are diversification or changes to generation mix sources, and energy efficiency measures.
On the date hereof, each Subscribing Reinsurer shall deposit in the trust account established thereunder (the "Trust Account") an amount equal to its Trust Funding Obligations (as defined below), determined solely with respect to this Contract and the Policy.
In the event that the Insured determines at any time that the fair market value of all Assets in the Trust Account is less than 100% of the Trust Funding Obligations, the Insured may send a written notice to that Insurer, with a copy to the Trustee, requiring the Insurer to deposit Assets in the Trust Account so that the fair market value of the Assets deposited in the Trust Account is at least equal to the Trust Funding Obligations.
The Insurer shall at all times maintain on deposit in the trust account established under the Trust Agreement (the "Trust Account") Assets (as that term is defined in the Trust Agreement) which have a fair market value equal to the Trust Funding Obligation.
If the Insurer does not timely deposit such Assets, in addition to any other legal or equitable remedy the Insured may have, the Insured may issue a written instruction to the Trustee directing the Trustee to transfer from the Income Portfolio (as defined in the Trust Agreement) to the Trust Account such assets as are required so that the fair market value of the Assets deposited in the Trust Account is at least equal to the Trust Funding Obligations.
Subject to the deduction of the Trustee's compensation and expenses in accordance with the Trust Agreement, the Insurer may withdraw funds deposited in the Income Portfolio if the fair market value of the Assets on deposit in the Trust Account exceeds one hundred percent (100%) of the Trust Funding Obligations.
If the Assets in the Income Portfolio are insufficient for such purpose, the Insured may also direct the Trustee to deposit all amounts otherwise required to be deposited into the Income Portfolio to the Trust Account until such time as the fair market value of the assets deposited into the Trust Account is equal to the Trust Funding Obligations.
To secure performance hereunder, the Insurer shall enter into a trust agreement (the " Trust Agreement") in the form attached hereto as Exhibit A and deposit therein an amount equal to the Trust Funding Obligations (as defined below) within ten (10) Business Days of the Execution Date.
At the request of the Insured, the Insurer shall designate notional sub-accounts within the Trust Account corresponding to this Policy and each Additional Policy, and allocate Assets (as defined in the Trust Agreement) in the Trust Account to each such sub-account with a fair market value at least equal to the Trust Funding Obligations, as determined solely with respect to the Relevant Policy to which such sub-account corresponds.
Any applicant selected for Affordable Housing Trust Funding shall agree to the following the language:The applicant and any contractor thereof agrees that it will observe the provisions of the Kansas Act Against Discrimination and shall not discriminate against any person in the performance of work under the contract because of race, religion, color, sex, disability, national origin, or ancestry.