The Trust Fund. Xxxxxx Mae, acting in its capacity as Trustee for the Lower Tier REMIC, does hereby transfer, assign, set over and otherwise convey to Xxxxxx Xxx, acting in its capacity as Trustee for the Trust Fund established hereby, all of Xxxxxx Mae’s right, title and interest in and to the Lower Tier Regular Classes, including all payments of principal and interest thereon received after the month of the Issue Date.
The Trust Fund. The Trustee shall receive such sums of money or other property acceptable to the Trustee which shall from time to time be paid or delivered to the Trustee under the Plan. The Trustee shall hold in the Trust Fund all such assets, without distinction between principal and income, together with all property purchased therewith and the proceeds thereof and the earnings and income thereon. The Trustee shall not be responsible for, or have any duty to enforce, the collection of any contributions or assets to be paid or transferred to it, or for verifying whether contributions or transfers to it are allowable under the Plan, nor shall the Trustee be responsible for the adequacy of the Trust Fund to meet or discharge liabilities under the Plan.
The Trust Fund. The “Trust Fund” as at any date means all property then held by the Trustee under this agreement.
The Trust Fund. The Trust Fund shall be held by the Trustee for the exclusive benefit of the Members and their Beneficiaries and shall be invested by the Trustee upon such terms and in such property as is provided in the Plan and in the Trust Agreement. The Trustee shall, from time to time, make payments, distributions and deliveries from the Trust Fund as provided in the Plan. The Trustee in its relation to the Plan shall be entitled to all of the rights, privileges, immunities and benefits conferred upon it and shall be subject to all of the duties imposed upon it under the Plan and Trust Agreement. The Trust Agreement is hereby incorporated in the Plan by reference, and each Employer, by adopting the Plan, affirms the authority of the Company to execute the Trust Agreement (including any amendment or supplement thereto) in its behalf with respect to the Plan.
The Trust Fund. The “Trust Fund” as at any date means all property then held by the Trustee under this agreement. The Trust Fund includes two subaccounts: (i) “Trust Account FP,” which holds amounts designated by the Administrator as Funding Payments and the earnings thereon, and (ii) “Trust Account TP,” which holds amounts designated by the Administrator as Target Payments and the earnings thereon.
The Trust Fund. Unless the context clearly implies or indicates otherwise, the term "Trust Fund" as of any date means all property of every kind then held under this Agreement by the Trustee or any custodian.
The Trust Fund. The Sponsor hereby establishes with the Trustee the Trust Fund consisting of any transfer of assets from a Separate Trust of a Participating Plan, and any contributions made by an Employer to this Trust for purposes of a Participating Plan, together with any income, gains or profits, and less any distributions, expenses and losses thereon. The Trustee shall hold, invest, reinvest, manage, administer and distribute the assets of the Fund in accordance with the provisions of this Agreement for the exclusive benefit of the employees who are covered by the Participating Plans and their beneficiaries. Even though several Participating Plans may be funded under this Trust Agreement, the share of the Fund allocable to each Participating Plan, as determined in accordance with Section 5.1 hereof, shall be a separate trust fund for the exclusive benefit of the participants in such Participating Plan and their beneficiaries and shall not be liable for any expenses, debts, expenditures, or liabilities that are not properly allocable or chargeable to the Separate Plan Account of such Participating Plan pursuant to the terms of this Agreement.
The Trust Fund. The Trustee shall hold the Trust Fund and the income thereof UPON TRUST for the Beneficiary and the Settlor to pay and apply the same in such manner as set out in Clause 5 below.
The Trust Fund. The Trust Fund as of any date means all property of every kind then held by the Trustee.
The Trust Fund. The Trust Fund shall consist of all the assets of the Plan including any merged plans and all contributions made pursuant to Article IV hereof, plus earnings and minus losses realized from the investment thereof.
