Trustee fund definition

Trustee fund means an account into which premiums, investment proceeds, and other revenues are deposited and are used to cover all administrative or operational expenses of a pool.
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Examples of Trustee fund in a sentence

  • Interest from the Trustee fund dedicated to faculty development shall be added to the pool of money available for faculty development described.

  • Interest from the Trustee fund dedicated tofaculty development shall be added to the pool of money available for faculty development described.

  • The Trustee should, in making distributions, consider the abilities of the beneficiaries, all other financial resources available to the beneficiaries, and the willingness of the beneficiary to work and otherwise help him or herself to make the most of the opportunities available to him or her; it is not Trustor’s intention that the Trustee fund indolence or destructive behavior.

  • Necessary legal steps to establish the SFM (e.g. for a Trust Fund, establishment of the Trustee as a foundation or company owned by participating AMCs, appointment of the Trustee, fund managers and auditors) have been done.

Related to Trustee fund

  • Owner Trustee Fee means an annual fee equal to $3,000, payable on the Payment Date occurring in June of each year, commencing in June 2022.

  • Property Trustee Account has the meaning set forth in Section 3.8(c).

  • Escrow Trustee means the bank or trust company designated by the Fiscal Officer in the Certificate of Award as the initial escrow agent with respect to the Refunded Bonds under the Escrow Agreement and until a successor Escrow Trustee shall have become such pursuant to the provisions of the Escrow Agreement and, thereafter, "Escrow Trustee" shall mean the successor Escrow Trustee.

  • Trustee Fee As to any Distribution Date, an amount equal to one-twelfth of the Trustee Fee Rate multiplied by the Pool Stated Principal Balance with respect to such Distribution Date.

  • NIM Trustee The trustee for the NIM Securities.