Common use of Effect of Designation of Future Transfers of Property Clause in Contracts

Effect of Designation of Future Transfers of Property. In cases of future designations of property, as provided by paragraph 4.4 above, the Trustee will not consider such designations to be completed or effective, nor shall it credit any such property to a particular Beneficiary’s Trust sub-account, until such property has been actually transferred and/or delivered to the Trust.

Effect of Designation of Future Transfers of Property. In cases of future designations of property, as provided by paragraph 4.4 above, the Trustee will not consider such designations to be completed or effective, nor shall it credit any such property to a particular Beneficiary’s 's Trust sub-account, until such property has been actually transferred and/or delivered to the Trust.