Common use of DISTRIBUTION OF PRINCIPAL; TERMINATION Clause in Contracts

DISTRIBUTION OF PRINCIPAL; TERMINATION. The Trustee shall not transfer all or any part of the Trust Estate, and/or any income accrued or accumulated thereon, to the Beneficiary (or to any designated assignee of such Beneficiary), unless and until approved by the Trustee or unless as otherwise provided in the Amended and Restated Limited Liability Company Agreement of Grantor dated as of _____, 2004 (the "LLC AGREEMENT"). The Additional Properties Trustee shall not transfer all or any part of the Additional Properties Trust Estate, and/or any income accrued or accumulated thereon, to the Beneficiary (or to any designated assignee of such Beneficiary), unless and until approved by the Additional Properties Trustee or unless as otherwise provided in the LLC Agreement. The Trust hereunder shall terminate upon the earlier of (i) the distribution of the entire remaining Trust Estate and Additional Properties Trust Estate to the Beneficiary or (ii) the date that is twenty-one (21) years from the date hereof.

DISTRIBUTION OF PRINCIPAL; TERMINATION. The Trustee shall not transfer all or any part of the Trust Estate, and/or any income accrued or accumulated thereon, to the Beneficiary (or to any designated assignee of such Beneficiary), unless and until approved by the Trustee or unless as otherwise provided in the Amended and Restated Limited Liability Company Agreement of Grantor dated as of _July ____, 2004 (the "LLC AGREEMENT"). The Additional Properties Trustee shall not transfer all or any part of the Additional Properties Trust Estate, and/or any income accrued or accumulated thereon, to the Beneficiary (or to any designated assignee of such Beneficiary), unless and until approved by the Additional Properties Trustee or unless as otherwise provided in the LLC Agreement. The Trust hereunder shall terminate upon the earlier of (i) the distribution of the entire remaining Trust Estate and Additional Properties Trust Estate to the Beneficiary or (ii) the date that is twenty-one (21) years from the date hereof.

DISTRIBUTION OF PRINCIPAL; TERMINATION. The Trustee shall not transfer all or any part of the Trust Estate, and/or any income accrued or accumulated thereon, to the Beneficiary (or to any designated assignee of such Beneficiary), unless and until approved by the Trustee or unless as otherwise provided in the Amended and Restated Limited Liability Company Agreement of Grantor dated as of ____July _, 2004 (the "LLC AGREEMENT"). The Additional Properties Trustee shall not transfer all or any part of the Additional Properties Trust Estate, and/or any income accrued or accumulated thereon, to the Beneficiary (or to any designated assignee of such Beneficiary), unless and until approved by the Additional Properties Trustee or unless as otherwise provided in the LLC Agreement. The Trust hereunder shall terminate upon the earlier of (i) the distribution of the entire remaining Trust Estate and Additional Properties Trust Estate to the Beneficiary or (ii) the date that is twenty-one (21) years from the date hereof.

DISTRIBUTION OF PRINCIPAL; TERMINATION. The Trustee shall not transfer all or any part of the Trust Estate, and/or any income accrued or accumulated thereon, to the Beneficiary (or to any designated assignee of such Beneficiary), unless and until approved by the Trustee or unless as otherwise provided in the Amended and Restated Limited Liability Company Agreement of Grantor dated as of ___July __, 2004 (the "LLC AGREEMENT"). The Additional Properties Trustee shall not transfer all or any part of the Additional Properties Trust Estate, and/or any income accrued or accumulated thereon, to the Beneficiary (or to any designated assignee of such Beneficiary), unless and until approved by the Additional Properties Trustee or unless as otherwise provided in the LLC Agreement. The Trust hereunder shall terminate upon the earlier of (i) the distribution of the entire remaining Trust Estate and Additional Properties Trust Estate to the Beneficiary or (ii) the date that is twenty-one (21) years from the date hereof.