Persons entitled
- The Trustee, (Being as the Date Thereof, National City Bank Kentucky of Loisville Kentucky)
Amount secured
The payment of all expenditure and fees of the of the trustee including legal fees and expenses incurred by or on behalf of the trustee in connection with it's adminstration preservation or conversation of the trust and all other monies in relation to the trustee priority claims (as defined) provided that the said priority claims shall be given priority in payment over matured claims at any given time shall not exceed the lesser of $50,000 in the aggregate of 10% of the aggregate value of all trust funds held under the trust deed
Short particulars
The principal at any time but excluding the investment income, the property in the actual and sole possession of the trustee at any time and held under the provisions of the trust deed; cash in us currency or specifically designated readily marketable securities and/or letters of credit substituted by the agent; cash drawn down on any letter of credit at any time and held as an asset of the trust fund; further contributions; any advance of cash or securities by the trustee to the trust fund; any investments or other assets held by the trustee.(each as defined in the form M395).