Common use of Accounts of the Trust Clause in Contracts

Accounts of the Trust. The Trustees shall, as required, establish and maintain separate accounting records for: (a) the Community Development Account; (b) the Claims Account; (c) the Heritage Capital Account; and (d) the PDC Account. The Trustees shall have the discretion as to whether or not they segregate into separate trust funds the funds pertaining to each of the above Accounts.

Appears in 2 contracts

Sources: Settlement Agreement, Settlement Agreement