Maintenance of Separate Accounts. BTC shall establish within the Trust a fund, or funds as applicable: One separate fund, or funds, as applicable (the “Trust Fund”), shall hold funds irrevocably designated for the payment of retiree health and welfare benefits or other similar OPEB Liabilities, including applicable fees and expenses, as reported and impacted by applicable legal requirements, including Governmental Accounting Standards Board Statement Nos. 43 and 45. The disbursement of any monies from the Trust Fund or Funds (as defined in the Trust Agreement and referred to collectively herein as “Accounts”) shall only be made by BTC as provided for and in accordance with the terms of the Trust.
Appears in 3 contracts
Sources: Trust Administrative Services Agreement, Program Services Agreement, Program Services Agreement