Common use of Designation of Charitable Beneficiaries Clause in Contracts

Designation of Charitable Beneficiaries. By written notice to the Charitable Trustee, the Trustees shall designate one or more nonprofit organizations to be the Charitable Beneficiary of the interest in the Charitable Trust such that Equity Shares held in the Charitable Trust would not violate the restrictions set forth in Section 2.1(a) of this Article V in the hands of such Charitable Beneficiary.

Designation of Charitable Beneficiaries. By written notice to the Charitable Trustee, the Trustees Company shall designate from time to time one or more nonprofit organizations to be the Charitable Beneficiary of the interest in the Charitable Trust such that Equity (i) Shares held in the Charitable Trust would not violate the restrictions set forth in Section 2.1(a8.2(a)(i) of this Article V in the hands of such Charitable BeneficiaryBeneficiary and (ii) contributions to each such organization must be eligible for deduction under each of Sections 170(b)(1)(A), 2055 and 2522 of the Code.

Designation of Charitable Beneficiaries. By written notice to the Charitable Trustee, the Trustees Corporation shall designate one or more nonprofit organizations to be the Charitable Beneficiary of the interest in the Charitable Trust such that Equity Shares the shares of Capital Stock held in the Charitable Trust would not violate the restrictions set forth in Section 2.1(aArticle NINTH (b)(1)(i) of this Article V in the hands of such Charitable Beneficiary.

Designation of Charitable Beneficiaries. By written notice to the Charitable TrusteeDisposition Trustees, the Trustees Trust shall designate one or more nonprofit organizations to be the Charitable Beneficiary of the interest in the Charitable Disposition Trust such that Equity the Shares held in the Charitable Disposition Trust would not violate the restrictions set forth in Section 2.1(a10(b)(i) of this Article V in the hands of such Charitable Beneficiary.

Designation of Charitable Beneficiaries. By written notice to the Charitable Trustee, the Trustees Partnership shall designate one or more nonprofit organizations to be the Charitable Beneficiary of the interest in the Charitable Trust such that Equity Shares (i) Units held in the Charitable Trust would not violate the restrictions set forth in Section 2.1(a) of this Article V in the hands of such Charitable Beneficiary.Ownership Limitation and A-45

Designation of Charitable Beneficiaries. By written notice to the Charitable Trustee, the Trustees Corporation shall designate one or more nonprofit organizations to be the Charitable Beneficiary of the interest in the Charitable Trust such that Equity Shares the shares of Capital Stock held in the Charitable Trust would not violate the restrictions set forth in Section 2.1(a7.2.1(a) of this Article V in the hands of such Charitable Beneficiary.

Designation of Charitable Beneficiaries. By written notice to the Charitable Trustee, the Trustees shall designate one or more nonprofit organizations to be the Charitable Beneficiary of the interest in the Charitable Trust such that Equity Shares held in the Charitable Trust would not violate the restrictions set forth in Section 2.1(a3.1(a) of this Article V in the hands of such Charitable Beneficiary.

Designation of Charitable Beneficiaries. By written notice to the Charitable Trustee, the Trustees Corporation shall designate one or more nonprofit organizations to be the Charitable Beneficiary of the interest in the Charitable Trust such that Equity Shares the shares of Capital Stock held in the Charitable Trust would not violate the restrictions set forth in Section 2.1(aclause (b)(i)(A) of this Article V ARTICLE SIXTH in the hands of such Charitable Beneficiary.