Common use of Effect of Grantor’s Contribution Clause in Contracts

Effect of Grantor’s Contribution. Specifically subject and subordinate to Article III above and to the Trustee’s sole and absolute discretion in making distributions, the effect of a Grantor’s contribution to the Trust as it applies to any one particular Beneficiary is such that distributions made on behalf of a Beneficiary shall not exceed the total of all contributions made to such Beneficiary’s Trust sub-account, plus any undistributed income, minus all distributions made on behalf of such Beneficiary.

Appears in 4 contracts

Samples: Pooled Trust Joinder Agreement, Pooled Trust Joinder Agreement, Pooled Trust Joinder Agreement

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