Application of Trust Property. You are only entitled to instruct us to take any action in relation to the Trust Property that you would otherwise be entitled to instruct us to take pursuant to the terms of this Agreement (disregarding this Schedule 2) and we will only be required to take any such action to the same extent that we would be required to take pursuant to the terms of this Agreement (disregarding this Schedule 2).
Application of Trust Property. The Receivables Trustee shall apply Trust Property in the manner and order of priority set out in Clause 5 and shall perform calculations and allocations in a manner consistent with the principles set out in the First Schedule, as such principles may be amended, supplemented or varied from time to time in the manner provided herein.
Application of Trust Property. The Trust is only entitled to instruct the Custodian to take any action in relation to the Trust Property that the Trust would otherwise be entitled to instruct the Custodian to take pursuant to the terms of this Agreement (disregarding this Schedule B) and the Custodian will only be required to take any such action to the same extent that the Custodian would be required to take pursuant to the terms of this Agreement (disregarding this Schedule B).
Application of Trust Property. The Trust Property shall be held and applied for or towards the general purposes of the Community and both capital and income shall without distinction be so applicable.
Application of Trust Property. The Receivables Trustee shall make all calculations as may be necessary or desirable for the purposes of distributing Trust Property in the manner and order of priority set out in Clause 6 (Distributions and Calculations in Respect of Collections) as such Clause may be amended, supplemented or varied from time to time in the manner provided herein. Where any income is so allocated to or applied for the benefit of any Beneficiary, that Beneficiary shall be absolutely beneficially entitled to such income and, notwithstanding any other provisions of this Deed or any Supplement, nothing contained in this Deed or any Supplement shall operate to constitute a reallocation of such income to any other Beneficiary.
Application of Trust Property. 13.1 The Trustee shall be obliged to apply the Trust Property for the purposes of the Trust and for no other purpose. For the avoidance of doubt, the Trustee shall not be permitted to apply the Trust Property to satisfy expenses.
Application of Trust Property. (a) The Liquidating Trustee shall distribute all Trust Property in the order and reflecting the priorities set forth below:
Application of Trust Property
