Common use of Contingent distributions Clause in Contracts

Contingent distributions. A person who is entitled to receive a distribu- tion only after a specified time or upon the occurrence of a specified event (such as the death of the holder of a power of appointment) is not a poten- tial current beneficiary until such time or the occurrence of such event.

Appears in 7 contracts

Samples: www.govinfo.gov, www.govinfo.gov, www.govinfo.gov

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