Regl. 3215, art. 3
Establishment of Fund. The
Length: 146 wordsOfficial source
Cite as Reglamento Núm. 3215, Art. 3
Grantor and the Trustee hereby establish a
trust fund, the "Fund," for the benefit of EPA.
The Grantor and the Trustee intend that no
third party have access to the Fund except as
herein provided. The Fund is established
initially as consisting of the property, which
is acceptable to the Trustee. described in
Schedule B attached hereto. Such property
and any other property subsequently
transferred to the Trustee is referred to as the
Fund, together with all earnings and profits
thereon, less any payments or distributions
made by the Trustee pursuant to this
Agreement. The Fund shall be held by the
Trustee. IN TRUST. as hereinafter provided.
The Trustee shall not be responsible nor shall
it undertake any responsibility for the
amount or adequacy of. nor any duty to
collect from the Grantor, any payments
necessary to discharge any liabilities of the
Grantor established by EPA.