Common use of PURPOSE OF THE TRUST Clause in Contracts

PURPOSE OF THE TRUST. The Assets in the Trust Account shall be held by the Trustee for the sole benefit of the Beneficiary. The Grantor grants to the Trustee all trust powers necessary and reasonable in the performance of its duties hereunder except as otherwise expressly provided herein.

PURPOSE OF THE TRUST. (a) The Assets in the Trust Account shall be held by the Trustee for the sole benefit purpose of satisfying any obligations of the Beneficiary. The Grantor grants to the Trustee all trust powers necessary and reasonable in Beneficiaries with respect to the performance of its duties hereunder except as otherwise expressly provided hereinBusiness Covered under the LPT Reinsurance Agreement.

PURPOSE OF THE TRUST. (a) The Assets in the Trust Account shall be held by the Trustee for the sole benefit purpose of satisfying any obligations of the Beneficiary. The Grantor grants to the Trustee all trust powers necessary and reasonable in Beneficiary with respect to the performance of its duties hereunder except as otherwise expressly provided hereinSubject Liabilities under the Reinsurance Agreement.

PURPOSE OF THE TRUST. The Assets in the Trust Account shall be held by the Trustee for the sole benefit of the Beneficiary. The Grantor grants to the Trustee all trust powers necessary and reasonable in the performance of its duties hereunder except as otherwise expressly provided herein.. Section 2.3

PURPOSE OF THE TRUST. (a) The Assets in the Trust Account shall be held by the Trustee for the sole benefit purpose of satisfying any obligations of the Beneficiary. The Grantor grants to the Trustee all trust powers necessary and reasonable in Beneficiary with respect to the performance of its duties hereunder except as otherwise expressly provided hereinReinsured Liabilities under the Reinsurance Agreement.