Common use of Distributions to the Beneficiary Clause in Contracts

Distributions to the Beneficiary. The Managing Trustees may from time to time declare and pay to the Beneficiary such distributions in cash or other property, out of current or accumulated income, capital, capital gains, principal, surplus, proceeds from the increase or refinancing of Trust obligations, from the repayment of loans made by the Trust, from the sale of portions of the Trust Estate, or from any other source as the Managing Trustees in their discretion shall determine. The Beneficiary shall have no right to any distribution unless and until declared by the Managing Trustees.