Common use of Revocability Clause in Contracts

Revocability. This mortuary trust agreement is □ revocable □ irrevocable. (check one) A revocable agreement may be terminated by the payor at any time, in which case the funeral home shall refund the entire mortuary trust to the payor, less any fee permitted by paragraph 20 and any taxes paid pursuant to paragraph 21. The refund must be made within thirty (30) days after receipt of written notice of revocation from the payor. An irrevocable agreement may not be terminated by the payor. However, the payor retains the right to transfer the mortuary trust to a different funeral home at any time by requesting the resignation of the trustee pursuant to paragraph 17 and appointing a successor trustee pursuant to paragraph 18.

Revocability. This mortuary trust agreement is □ revocable □ irrevocable. (check one) A revocable agreement may be terminated by the payor at any time, in which case the funeral home shall refund the entire mortuary trust to the payor, less any fee permitted by paragraph 20 21 and any taxes paid pursuant to paragraph 2122. The refund must be made within thirty (30) days after receipt of written notice of revocation from the payor. An irrevocable agreement may not be terminated by the payor. However, the payor retains the right to transfer the mortuary trust to a different funeral home at any time by requesting the resignation of the trustee pursuant to paragraph 17 and appointing a successor trustee pursuant to paragraph 18.

Revocability. This mortuary trust agreement is □ is:  revocable □ irrevocable.  irrevocable (check one) A revocable agreement may be terminated by the payor at any time, in which case the funeral home shall refund the entire mortuary trust to the payor, less any fee permitted by paragraph 20 21 and any taxes paid pursuant to paragraph 2122. The refund must be made within thirty (30) days after receipt of written notice of revocation from the payor. An irrevocable agreement may not be terminated by the payor. However, the payor retains the right to transfer the mortuary trust to a different funeral home at any time by requesting the resignation of the trustee pursuant to paragraph 17 and appointing a successor trustee pursuant to paragraph 18.