Common use of Purposes of the Trust Clause in Contracts

Purposes of the Trust. Section 2.1 The purposes of this Trust are (i) to hold the assets transferred to it by Leucadia on behalf of the Beneficiaries and collect income derived from such assets, (ii) to close the transaction contemplated by the Purchase Agreement, (iii) to take such other action as is necessary to conserve and protect the Trust Property, and (iv) to liquidate and distribute the Trust Property.