Payments to the Fund Clause Samples
The "Payments to the Fund" clause defines the obligations and procedures for making financial contributions to a designated fund. It typically outlines who is responsible for making payments, the timing and method of payment, and any conditions or documentation required to accompany the funds. For example, it may specify that payments must be made quarterly via bank transfer and include a reference number for tracking. The core function of this clause is to ensure that all parties understand their payment responsibilities, thereby facilitating proper funding and financial management of the fund.
Payments to the Fund. Payments made to the Trustee for the Fund shall consist solely of the proceeds from the [insert Surety Bond or Irrevocable Letter of Credit] which, upon notification to the [insert Surety or Institution] by the Beneficiary that the Grantor has failed to perform (closure, post-closure or corrective action) as required by the [insert Surety Bond or Irrevocable Letter of Credit] and in accordance with the requirements of [insert OAR 340-094-0140(8)(a)(A), (B), and (C) for municipal solid waste disposal sites or OAR 340-095-0090(8)(a)(A) and (C) for non-municipal solid waste disposal sites], will be made to the Trustee, and deposited into the Fund.
Payments to the Fund. We will only accept transfers to the Fund of property (including money) as consideration hereunder from:
(a) a registered retirement savings plan or another registered retirement income fund under which you are the annuitant as defined in the Act;
(b) you, to the extent only that the amount of the consideration was an amount described in subparagraph 60(l)(v) of the Act and the corresponding provision of any Applicable Tax Legislation;
(c) a registered retirement income fund or a registered retirement savings plan of your spouse or former spouse pursuant to a decree, order or judgment of a competent tribunal or a written separation agreement, relating to a division of property between you and your spouse or former spouse in settlement of rights arising out of your marriage or other conjugal relationship on or after the breakdown of your marriage or other relationship; or
(d) other sources as may be permitted under the Applicable Tax Legislation, as amended from time to time. Payments to the Fund received and not immediately invested in accordance with paragraph 8, together with all other un-invested cash balances standing to the credit of the Fund from time to time will be credited with interest at such rates and on such terms as we may from time to time establish.
Payments to the Fund. Payments made to the Trustee for the Fund shall consist solely of the proceeds from the Choose an item. which, upon notification to the Choose an item. by the Beneficiary that the Grantor has failed to perform Choose an item. as required by the Choose an item. and in accordance with the requirements of [insert OAR 340-094-0140(8)(a)(A), (B), and (C) for municipal solid waste disposal sites or OAR 340-095-0090(8)(a)(A), (B), and (C) for non-municipal solid waste disposal sites], will be made to the Trustee, and deposited into the Fund.
Payments to the Fund. Section 1. Each employer shall make payments on behalf of his employees as provided by the collective bargaining agreement to the administrative office of the Trust Fund, or as required by the rules and regulations of the Board of Trustees, as the case may be.
Section 2. The administrative office of the Trust Fund for the collection and receipt of contributions and for the payment of claims shall be ▇▇▇▇ ▇▇▇▇▇▇ ▇▇., ▇▇▇. #▇▇▇, ▇▇▇ ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇, unless and until another administrative office is designated by the Trustees from time to time.
Payments to the Fund. All payments into the Fund made from time to time, together with the income therefrom, shall constitute on receipt by the Trustees, a trust fund to be administered by the Trustees in accordance with the term of this Agreement and the Benefit Plan.
Payments to the Fund. (a) As a condition to the Special Source Credit benefit provided herein, the Company agrees to make annual payments in the amount of One Hundred Thousand Dollars ($100,000) to the Fund for a period of twenty (20) years (“Fund Payment”), commencing with the first year in which the Company receives, and the County provides, an annual Special Source Credit against the Company’s FILOT Payments pursuant to Section 4.02 hereof. In the event the Fund ceases to be in existence or loses its designation as a charitable purposes organization under Section 501(c)(3) of the Internal Revenue Code, the parties hereto shall agree on a substitute organization to which such payments shall be made; provided, however, any such substitute organization shall (i) be designated as a charitable purposes organization under Section 501(c)(3) of the Internal Revenue Code, and (ii) have the primary mission of improving the quality of life for residents of the City with low and moderate incomes via housing initiatives.
(b) Throughout the term of the Fund Payment, the Company shall have the right, on an annual basis, to receive reasonable documentation from the Fund to ensure that the Fund is active and in good standing, including, but not limited to, having made all necessary filings required by its designation as a charitable purposes organization under Section 501(c)(3) of the Internal Revenue Code, and expending any Fund Payments received from the Company for its intended purpose, which such intended purpose the parties hereto agree is the provision of direct support to affordable housing initiatives within the City.
(c) After the first Phase of the Project consisting of a multi-family development is placed in service, should the Company fail to make any Fund Payment as provided in this Section 4.03, following reasonable periods of time for notice and an opportunity to cure, any Special Source Credits otherwise payable under this Fee Agreement shall from and after the occurrence of such failure no longer be payable by the County.
Payments to the Fund