Irrevocability of Joinder Agreements. Subject to approval by the Trustee, this Trust shall be effective as to any particular Beneficiary upon contribution of property and/or money (“Property”) to the Trust and execution of a Joinder Agreement by a Grantor. Upon approval by the Trustee, and delivery of Property that is acceptable to the Trustee, the following provisions apply: a) the Trust shall be irrevocable as to such Grantor and Beneficiary; b) the contributed Property shall not be refundable to the Grantor of such Property, except as is otherwise provided below in paragraph 7.2; and c) the designation of the respective Beneficiary may not be revoked or changed.
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Samples: Pooled Trust Joinder Agreement, Pooled Trust Joinder Agreement, Pooled Trust Joinder Agreement
