Common use of Powers of Trustee to Continue Until Final Distribution Clause in Contracts

Powers of Trustee to Continue Until Final Distribution. To exercise any of such powers after the date on which the principal and income of the Trust shall have become distributable and until such time as the entire principal of, and income from the Trust shall have been actually distributed by the Trustee (it is intended that the distribution of the Trust will occur as soon as possible upon termination of the Trust, subject, however, to the limitations contained in Sections 2.06 and 2.07 hereof).

Appears in 3 contracts

Samples: Customer Credit Trust Agreement, Customer Credit Trust Agreement, Customer Credit Trust Agreement

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Powers of Trustee to Continue Until Final Distribution. To exercise any of such powers after the date on which the principal and income of the Trust shall have become distributable and until such time as the entire principal of, and income from the Trust shall have been actually distributed by the Trustee (it is intended that the distribution of the Trust will occur as occuras soon as possible upon termination of the Trust, subject, however, to the limitations contained in Sections 2.06 and 2.07 hereof).

Appears in 3 contracts

Samples: Customer Credit Trust Agreement, Trust Agreement, Customer Credit Trust Agreement

Powers of Trustee to Continue Until Final Distribution. To exercise any of such powers after the date on which the principal and income of the Trust Fund shall have become distributable and until such time as the entire principal of, and income from from, the Trust Fund shall have been actually distributed by the Trustee (it Trustee. It is intended that the distribution of the Trust Fund will occur as soon as possible upon termination of the Trust, subject, however, to the limitations contained in Sections 2.06 2.05 and 2.07 hereof)2.06.

Appears in 1 contract

Samples: Qualified Trust Agreement

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Powers of Trustee to Continue Until Final Distribution. To exercise any of such powers after the date on which the principal and income of the Trust shall have become distributable and until such time as the entire principal of, and income from from, the Trust shall have been actually distributed by the Trustee (it Trustee. It is intended that distribution of the distribution assets of the Trust will occur as soon as possible upon after termination of the Trust, subject, however, to the limitations contained in Sections 2.06 and 2.07 hereof).

Appears in 1 contract

Samples: Site Restoration Trust Agreement

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