Common use of Receive and Retain Property Clause in Contracts

Receive and Retain Property. To receive and retain any property received at the inception of the Trust or at any other time, whether or not such property is unproductive of income or is property in which the Trustee is personally interested or in which the Trustee owns an undivided interest in any other trust capacity; provided, however, that upon review and inspection, the Trustee may decline to accept purchases or transfers of real property or other specific assets into the Trust. Subject to the foregoing, the Grantor, in its sole discretion, may at any time, or from time to time, make additional deposits of cash or other property in trust with the Trustee to augment the principal to be held, administered and disposed of by the Trustee as provided in this Trust Agreement. Neither the Trustee nor any Beneficiary shall have any right to compel such additional deposits.