AMOUNT OF TRUST FUND Sample Clauses

AMOUNT OF TRUST FUND. The Grantor shall provide financial assurance in the form of a Trust Fund as required by the Corrective Action Plan. The Trust shall be secured in the amount of [amount in written text] ($[number]) and be maintained consistent with the provisions of the Corrective Action Plan. The Fund shall remain in an amount sufficient to cover long-term corrective action costs at the Site for a thirty (30) year period. Sixty (60) days prior to the five (5) year anniversary of the Effective Date of this Agreement and each subsequent five (5) year anniversary, the Grantor shall provide to EGLE a report containing the actual long-term corrective action costs for the previous five (5) year period and an estimate of the amount of funds necessary to assure long-term corrective action costs for the following thirty (30) year period. If this cost estimate differs from the amount of the Trust Fund EGLE may determine that an amendment of the Trust Agreement pursuant to Section XVI (AMENDMENT OF THE TRUST AGREEMENT) is warranted.
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AMOUNT OF TRUST FUND. The Grantor shall provide financial assurance in the form of a Trust Fund as required by the Postclosure Agreement. The Trust shall be secured in the amount of [amount in written text] ($[number]) and be maintained consistent with the provisions of the Postclosure Agreement.
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AMOUNT OF TRUST FUND. The amount of the Ohkay Owingeh Water Rights Settlement Trust Fund shall be $818,350,000 (Eight Hundred Eighteen Million, Three Hundred Fifty Thousand Dollars). The Settlement Parties other than the United States agree to support inclusion in federal legislation approving this Settlement Agreement an inflation adjustment for authorized funding from the date of execution of this Agreement by Ohkay Owingeh through deposit into the Ohkay Owingeh Water Rights Settlement Trust fund.
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Related to AMOUNT OF TRUST FUND

  • Application of Trust Funds (a) On each Payment Date, the Paying Agent will distribute to Certificateholders, on the basis of the Percentage Interest evidenced by their Trust Certificates, amounts deposited in the Certificate Distribution Account pursuant to Section 4.06 of the Sale and Servicing Agreement with respect to such Payment Date.

  • Trust Fund The Buyer is a trust fund whose trustee is a bank or trust company and whose participants are exclusively (a) plans established and maintained by a State, its political subdivisions, or any agency or instrumentality of the State or its political subdivisions, for the benefit of its employees, or (b) employee benefit plans within the meaning of Title I of the Employee Retirement Income Security Act of 1974, but is not a trust fund that includes as participants individual retirement accounts or H.R. 10 plans.

  • TRUST FUNDS The Owner hereby gives power to the Agent to deposit all receipts collected for the Owner, less any sums properly deducted or disbursed, in a financial institution whose deposits are insured by an agency of the United States government. The funds shall be held in a trust account separate from the Agent’s personal accounts. The Agent shall not be liable in the event of a bankruptcy or failure of a financial institution. All funds managed under this section must be done so in accordance with applicable law.

  • Replacement of Trustee A resignation or removal of the Trustee and appointment of a successor Trustee shall become effective only upon the successor Trustee's acceptance of appointment as provided in this Section. The Trustee may resign in writing at any time and be discharged from the trust hereby created by so notifying the Company. The Holders of Notes of a majority in principal amount of the then outstanding Notes may remove the Trustee by so notifying the Trustee and the Company in writing. The Company may remove the Trustee if:

  • Termination of Trust Agreement Section 9.01.

  • Duties of Trustee (a) If an Event of Default has occurred and is continuing, the Trustee will exercise such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in its exercise, as a prudent person would exercise or use under the circumstances in the conduct of such person’s own affairs.

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