Trust Payments definition
Examples of Trust Payments in a sentence
Notwithstanding the foregoing sentence, without the express written consent of the Defendants, no modification shall: (i) require the Defendants to make any payments to the State Trust other than the Mitigation Trust Payments required by the Consent Decree; or (ii) impose any greater obligation on Defendants than those set forth in the State Trust Agreement that is being modified.
The Trustee shall allocate to the State Mitigation Trust the following amounts: (1) 97.99% of the Mitigation Trust Payments from the First Partial Consent Decree plus any income earned on that amount while deposited with the Court Registry account, and (2) 97.7% of the Mitigation Trust Payments from the Second Partial Consent Decree plus any income earned on that amount while deposited with the Court Registry account.
Any Mitigation Trust Payments made pursuant to Appendix B (Vehicle Recall and Emissions Modification Program) or any Consent Decree provisions related thereto shall be allocated among all Beneficiaries, weighted in accordance with the Final Allocation Rates.
Notwithstanding the foregoing sentence, without the express written consent of the Settling Defendants, no modification shall: (i) require the Settling Defendants to make any payments to the Trust other than the Mitigation Trust Payments required by the Consent Decree; or (ii) impose any greater obligation on Settling Defendants than those set forth in the Trust Agreement that is being modified.
Notwithstanding the foregoing sentence, without the express written consent of the Defendants, no modification shall: (i) require the Defendants to make any payments to the Indian Tribe Trust other than the Mitigation Trust Payments required by the Consent Decree; or (ii) impose any greater obligation on Defendants than those set forth in the Indian Tribe Trust Agreement that is being modified.
Any Mitigation Trust Payments made pursuant to Appendix B (Vehicle Recall and Emissions Modification Program) of the First Partial Consent Decree or Appendix B (Vehicle Recall and Emissions Modification Program for 3.0 Liter Subject Vehicles) of the Second Partial Consent Decree or any Consent Decree provisions related thereto shall be allocated in accordance with Appendix D-1B as follows: 1.86% to the Tribal Allocation Subaccount and 0.17% to the Tribal Administration Cost Subaccount.
Implement the Buyback, Lease Termination, and Vehicle Modification, and Emissions Compliant Recall Program and 18 As set forth in the U.S. First Partial Consent Decree, Section IV.D and Appendix D required Volkswagen to make $2,700,000,000 in Mitigation Trust Payments.
Administrative Agent shall be satisfied in its sole discretion that the reorganized Credit Parties shall have the funds necessary to make the Trust Payments in full on the effective date of the Plan of Reorganization (and all sources of such funds shall be in an amount and in form and substance satisfactory to Administrative Agent, in its sole discretion) and such funds shall be used to fund, together with the New Money Investment, the Trust Payments in full.
Paying Agent to Hold Money and Assets in Trust; Payments Considered Paid.........
The Board of Education of the Friendship Central School District agrees to deduct the following items from the salaries of its employees: union dues, VOTE/COPE contributions and any other items under the N.Y.S.U.T. Benefit Trust Payments for those employees who voluntarily execute the proper forms.