Common use of Payments Of Annuity Amount From Trust Estate Clause in Contracts

Payments Of Annuity Amount From Trust Estate. The Trustee shall pay the Annuity Amount for each taxable year of this trust to M. XXXXX XXXXXXXXX’X SEPARATE PROPERTY TRUST under THE XXXXXXXXX FAMILY TRUST for the Settlor’s benefit; provided, however, that the Settlor may at any time direct that the Annuity Amount be paid to the Settlor, her estate or another trust revocable by the Settlor. The recipient of the Annuity Amount is hereinafter referred to as the “Payee.” Each Annuity Amount shall be paid in a single installment annually on the calendar month and day immediately preceding the calendar month and day on which this document is executed, first from the net income of the trust and, to the extent such income is insufficient, then from principal.

Payments Of Annuity Amount From Trust Estate. The Trustee shall pay the Annuity Amount for each taxable year of this trust to M. XXXXX XXXXXX X. XXXXXXXXX’X SEPARATE PROPERTY TRUST under THE XXXXXXXXX FAMILY TRUST for the Settlor’s benefit; provided, however, that the Settlor may at any time direct that the Annuity Amount be paid to the Settlor, her his estate or another trust revocable by the Settlor. The recipient of the Annuity Amount is hereinafter referred to as the “Payee.” Each Annuity Amount shall be paid in a single installment annually on the calendar month and day immediately preceding the calendar month and day on which this document is executed, first from the net income of the trust and, to the extent such income is insufficient, then from principal.