Common use of Benefit Solely for Beneficiary Clause in Contracts

Benefit Solely for Beneficiary. The Beneficiary’s Trust sub-account is established for the sole benefit of the Beneficiary, and all distributions shall be made only for the sole benefit of the Beneficiary, both at the time this Trust sub-account is established and/or anytime in the future.

Appears in 6 contracts

Samples: Joinder Agreement, Pooled Trust Joinder Agreement, Joinder Agreement

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!