Application of Trust Funds Certain Duties Sample Clauses
The 'Application of Trust Funds; Certain Duties' clause defines how trust funds held by one party must be managed and applied according to the terms of the agreement. It typically requires the party holding the funds to use them only for specified purposes, such as paying subcontractors or suppliers, and may impose duties like keeping the funds separate from other assets and providing regular accounting. This clause ensures that trust funds are protected from misuse, thereby safeguarding the interests of beneficiaries and reducing the risk of misappropriation.
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Application of Trust Funds Certain Duties. SECTION 5.1 Application of Trust Funds 12 SECTION 5.2 Method of Payment 12 SECTION 5.3 No Segregation of Moneys; No Interest 12 SECTION 5.4 Reports to the Holder of the Excess Distribution Certificate, the Internal Revenue Service and Others 12
Application of Trust Funds Certain Duties. Section 5.01. [Reserved].
Application of Trust Funds Certain Duties. Section 5.01 [Reserved].
Application of Trust Funds Certain Duties. Establishment of Deposit Account.......................13 SECTION 5.02. Application of Trust Funds.............................13 SECTION 5.03.
Application of Trust Funds Certain Duties. Establishment of Certificate Distribution Account..........13 SECTION 5.2. Application of Trust Funds.................................14 SECTION 5.3.
Application of Trust Funds Certain Duties. SECTION 5.1 Establishment of Trust Account..................................... SECTION 5.2
Application of Trust Funds Certain Duties. Section 5.01. [Reserved] 14 Section 5.02. Application of Amounts in Trust Accounts 14 Section 5.03. Method of Payment 15 Section 5.04. Accounting and Reports to the Noteholders, the Certificateholders, the Internal Revenue Service and Others 15 Section 5.05. Signature on Returns; Tax Matter Partner 16
Application of Trust Funds Certain Duties. 1. Application of Trust Funds 9 SECTION 5.2. Method of Payment 9 SECTION 5.3. ▇▇▇▇▇▇▇▇-▇▇▇▇▇ Act 9 SECTION 5.4. Signature on Returns 9
Application of Trust Funds Certain Duties. SECTION 5.1 Application of Trust Funds
Application of Trust Funds Certain Duties. Section 5.1 Establishment of Trust Account....................................................16 Section 5.2 Application Of Trust Funds........................................................16 Section 5.3