Example ContractsClausesestablishment of trustVariants
Establishment of Trust
Establishment of Trust contract clause examples

Any and all amounts required hereunder to be paid to [[Organization C:Organization]] shall be paid to [[Organization C:Organization]] pursuant to the terms and conditions of this Agreement. Without limiting the foregoing, any and all [[Organization C:Organization]] Payment Deliverables received by [[Organization B:Organization]] at any time (and any and all [[Organization C:Organization]] Payment Deliverables that are or are deemed to be in or under the custody, possession or control of [[Organization B:Organization]] at any time) shall be held in trust by [[Organization B:Organization]] as the property and for the benefit of [[Organization C:Organization]]. In such event, [[Organization B:Organization]] shall, and [[Organization B:Organization]] has a fiduciary duty to [[Organization C:Organization]], # to hold in trust, as the property and for the benefit of [[Organization C:Organization]], the [[Organization C:Organization]] Payment Deliverables and (ii) (A) to immediately turn over and deliver to [[Organization C:Organization]] each [[Organization C:Organization]] Payment Deliverable, in kind, and in the exact form received, no later than one (1) Business Day after receipt thereof, and concurrently, endorse to [[Organization C:Organization]] any instrument or other form of payment payable to [[Organization B:Organization]], but which is to be paid to [[Organization C:Organization]] under this Agreement, # not to release any [[Organization C:Organization]] Payment Deliverable to any other Person without [[Organization C:Organization]]’s prior written consent, and # not to negotiate or otherwise seek to convert to cash any [[Organization C:Organization]] Payment

Any and all [[Organization C:Organization]] Document Deliverables required hereunder to be delivered to the Document Custodian shall be delivered to the Document Custodian pursuant to the terms and conditions of this Agreement. Without limiting the foregoing, any and all [[Organization C:Organization]] Document Deliverables received by [[Organization B:Organization]] at any time (and any and all [[Organization C:Organization]] Document Deliverables that are or are deemed to be in or under the custody, possession or control of [[Organization B:Organization]] at any time) shall be held in trust by [[Organization B:Organization]] as the property and for the benefit of [[Organization C:Organization]]. In such event, [[Organization B:Organization]] shall, and [[Organization B:Organization]] has a fiduciary duty to [[Organization C:Organization]], # to hold in trust for [[Organization C:Organization]], and as the property and for the benefit of [[Organization C:Organization]], the [[Organization C:Organization]] Document Deliverables and (ii) (A) to immediately turn over and deliver to the Document Custodian each [[Organization C:Organization]] Document Deliverable no later than one (1) Business Day after receipt thereof (except that [[Organization B:Organization]] may deliver the applicable [[Organization C:Organization]] Document Deliverables to the Document Custodian by such later time, if any, permitted by the express terms of this Agreement) and # not to release any [[Organization C:Organization]] Document Deliverable to any Person (other than the Document Custodian). Nothing contained in this Section authorizes or permits the delivery to [[Organization B:Organization]] or any other Person (other than the Document Custodian) of any [[Organization C:Organization]] Document Deliverables which are required under this Agreement to be delivered directly to the Document Custodian.

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