Common use of Intention of Parties to Establish Trust Clause in Contracts

Intention of Parties to Establish Trust. This Trust Agreement is intended to create a trust for federal income tax purposes and, to the extent provided by law, shall be governed and construed in all respects as such a trust and any ambiguity herein shall be construed consistent herewith and, if necessary, this Trust Agreement may be amended to comply with such federal income tax laws, which amendments may apply retroactively.

Intention of Parties to Establish Trust. This Trust Agreement is intended to create a liquidating trust for federal income tax purposes and, to the extent provided by law, shall be governed and construed in all respects as such a trust and any ambiguity herein shall be construed consistent herewith therewith and, if necessary, this Trust Agreement may be amended to comply with such federal income tax laws, which amendments may apply retroactively. This Agreement is not intended to create and shall not be interpreted as creating a corporation, association, partnership or joint venture of any kind for federal income taxation or any other purpose.