Common use of Grantor Trust Clause in Contracts

Grantor Trust. The Trust is intended to be a trust of which the Grantors are treated as individual owners for federal income tax purposes in accordance with the provisions of Sections 671 through 679 of the Internal Revenue Code of 1986, as amended (the "Code"). If the Trustee, in its sole and absolute discretion, deems it necessary or advisable for the Grantors and/or the Trustee to undertake or refrain from undertaking any actions (including, but not limited to, making or refraining from making any elections or filings) in order to ensure that the Grantors are at all times treated as individual owners of the Trust for federal income tax purposes, the Grantors and/or the Trustee will undertake or refrain from undertaking (as the case may be) such actions. The Grantors hereby irrevocably authorize the Trustee to be their attorney-in-fact for the purpose of performing any act which the Trustee, in its sole and absolute discretion, deems necessary or advisable in order to accomplish the purposes and the intent of this Section

Grantor Trust. The Trust is intended to be a trust of which the Grantors are Grantor is treated as individual owners the owner for federal income tax purposes in accordance with the provisions of Sections 671 through 679 of the Internal Revenue Code of 1986, as amended (the "“Code"”). If the Trustee, in its sole and absolute discretion, deems it necessary or advisable for the Grantors Grantor and/or the Trustee to undertake or refrain from undertaking any actions (including, but not limited to, making or refraining from making any elections or filings) in order to ensure that the Grantors are Grantor is at all times treated as individual owners the owner of the Trust for federal income tax purposes, the Grantors Grantor and/or the Trustee will undertake or refrain from undertaking (as the case may be) such actions. The Grantors Grantor hereby irrevocably authorize authorizes the Trustee to be their its attorney-in-fact for the purpose of performing any act which the Trustee, in its sole and absolute discretion, deems necessary or advisable in order to accomplish the purposes and the intent of this SectionSection 3. The Trustee shall be fully protected in acting or refraining from acting in accordance with the provisions of this Section 3.

Grantor Trust. The Trust is intended to be a trust of which the Grantors are Grantor is treated as individual owners the owner for federal income tax purposes in accordance with the provisions of Sections 671 through 679 of the Internal Revenue Code of 1986, as amended (the "Code"). If the Trustee, in its sole and absolute discretion, deems it necessary or advisable for the Grantors Grantor and/or the Trustee to undertake or refrain from undertaking any actions (including, but not limited to, making or refraining from making any elections or filings) in order to ensure that the Grantors are Grantor is at all times treated as individual owners the owner of the Trust for federal income tax purposes, the Grantors Grantor and/or the Trustee will undertake or refrain from undertaking (as the case may be) such actions. The Grantors Grantor hereby irrevocably authorize authorizes the Trustee to be their its attorney-in-fact for the purpose of performing any act which the Trustee, in its sole and absolute discretion, deems necessary or advisable in order to accomplish the purposes and the intent of this Section

Grantor Trust. The Trust is intended to be a trust of which the Grantors are Grantor is treated as individual owners the owner for federal income tax purposes in accordance with the provisions of Sections 671 through 679 of the Internal Revenue Code of 1986, as amended (the "Code"). If the Trustee, in its sole and absolute discretion, deems it necessary or advisable for the Grantors Grantor and/or the Trustee to undertake or refrain from undertaking any actions (including, but not limited to, making or refraining from making any elections or filings) in order to ensure that the Grantors are Grantor is at all times treated as individual owners the owner of the Trust for federal income tax purposes, the Grantors Grantor and/or the Trustee will undertake or refrain from undertaking (as the case may be) such actions. The Grantors Grantor hereby irrevocably authorize authorizes the Trustee to be their its attorney-in-fact for the purpose of performing any act which the Trustee, in its sole and absolute discretion, deems necessary or advisable in order to accomplish the purposes and the intent of this SectionSection 3. Grantor shall indemnify and hold Trustee harmless in acting or refraining from acting in accordance with the provisions of this Section 3.

Grantor Trust. The Trust is intended to be a trust of which the Grantors are Grantor is treated as individual owners the owner for federal income tax purposes in accordance with the provisions of Sections 671 through 679 of the Internal Revenue Code of 1986, as amended (the "“Code"”). If the Trustee, in its sole and absolute discretion, deems it necessary or advisable for the Grantors Grantor and/or the Trustee to undertake or refrain from undertaking any actions (including, but not limited to, making or refraining from making any elections or filings) in order to ensure that the Grantors are Grantor is at all times treated as individual owners the owner of the Trust for federal income tax purposes, the Grantors Grantor and/or the Trustee will undertake or refrain from undertaking (as the case may be) such actions. The Grantors Grantor hereby irrevocably authorize authorizes the Trustee to be their its attorney-in-fact for the purpose of performing any act which the Trustee, in its sole and absolute discretion, deems necessary or advisable in order to accomplish the purposes and the intent of this SectionSection 3. Grantor shall indemnify and hold Trustee harmless in acting or refraining from acting in accordance with the provisions of this Section 3.

Grantor Trust. The Trust is intended to be a trust of which the Grantors are Grantor is treated as the individual owners owner for federal income tax purposes in accordance with the provisions of Sections 671 through 679 of the Internal Revenue Code of 1986, as amended (the "“Code"’). If the Trustee, in its sole and absolute discretion, deems it necessary or advisable for the Grantors Grantor and/or the Trustee to undertake or refrain from undertaking any actions (including, but not limited to, making or refraining from making any elections or filings) in order to ensure that the Grantors are Grantor is at all times treated as the individual owners owner of the Trust for federal income tax purposes, the Grantors Grantor and/or the Trustee will undertake or refrain from undertaking (as the case may be) such actions. The Grantors Grantor hereby irrevocably authorize authorizes the Trustee to be their its attorney-in-fact for the purpose of performing any act which the Trustee, in its sole and absolute discretion, deems necessary or advisable in order to accomplish the purposes and the intent of this SectionSection 3. The Trustee shall be fully protected in acting or refraining from acting in accordance with the provisions of this Section 3.