Examples of Settlement Trust Agreement in a sentence
The FB Asbestos Property Damage Trust will be established pursuant to the FB Asbestos Property Damage Settlement Trust Agreement ("FB Asbestos Property Damage Trust Agreement"), a copy of which will be attached to the Plan as Exhibit E.
The Settlement Trust shall have only funding obligations in respect of Pneumo Abex costs and expenses as set forth in the Settlement Trust Agreement, and, from and after the Closing Date, Pneumo Abex shall be solely responsible for the defense and payment (to the extent required) of the Pneumo Abex Asbestos Claims.
The Settlement Trust will be subject to the investment policy set forth as Exhibit E to the Settlement Trust Agreement.
The Settlement Trust shall pay (i) to each ST Trustee compensation according to the terms set forth in the Settlement Trust Agreement, (ii) to the Delaware Trustee compensation according to the terms set forth in the Settlement Trust Agreement and (iii) to the Institutional Monitor compensation according to the terms set forth in the Settlement Trust Agreement.
An entity with substantial experience acting as a fiduciary shall serve as institutional monitor of the Settlement Trust (the “Institutional Monitor”) and shall, among other powers and duties, have the power to remove any ST Trustee if such ST Trustee fails to observe the required standard of conduct outlined in the Settlement Trust Agreement.