Union Trust definition
Examples of Union Trust in a sentence
With the consent of the holders of a majority in aggregate principal amount of the outstanding Series 1985 Bonds, the MDTA amended the 1985 Trust Agreement by a First Supplemental Trust Agreement, dated as of May 1, 1987, with Signet Bank/Maryland (formerly named Union Trust Company of Maryland), as Trustee, by the terms of which, among other things, the MDTA was authorized to eliminate tolls on the Parallel Chesapeake Bay Bridge and to collect tolls in the eastbound direction only.
The Administrative Trustees initially designate the Corporate Trust Office of the Property Trustee, First Union Trust Company, National Association, as the principal corporate trust office for such purposes.
In connection therewith, First Union Trust Company, National Association agrees to be bound by all applicable provisions of such instrument.
In the event of any legal proceedings, whether judicial, administrative, or before any other tribunal, seeking to challenge the validity of this Agreement or any portion thereof, it is agreed that in the event such challenge is unsuccessful, reasonable cost of defense shall be payable to any entity such as the Union, Trust Funds, Administrative Funds, or the Employer Agencies, that were joined as parties in said proceeding.
Each Core Employee desiring to continue to receive their benefits under their Employer's existing program, in lieu of benefits which may be earned under the appropriate Union Trust Funds, must also request a waiver of contributions in writing.
The Grantor hereby appoints First Union Trust Company, National Association as the Registrar.
The Employer shall remit the required hourly contributions to the appropriate Union Trust Funds on behalf of all their craft employees on the Project, except Core Employees that have requested a waiver of contributions in writing.
The name and business address of the trustee of the Trust with its principal place of business in the State of Delaware are First Union Trust Company, National Association, One ▇▇▇▇▇▇ Square, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇, Attention: Corporate Trust Administration.
Appendix A wage, benefits and working conditions as listed in the SSA, benefits to be paid to the applicable Union Trust Funds.
The Employer's application must be accompanied by a written release from the Union and Trust Funds and a determination by the Union, Trust Funds and the Trust Administrative Office that all amounts owed by the Employer, secured by the bond, have been paid.