Separate Account for Unnamed Class of Beneficiaries Sample Clauses

Separate Account for Unnamed Class of Beneficiaries. There shall be a separate sub−trust within the First−Party OSNT to fund services (including guardianship services) and special needs of unnamed individuals (the "Retained Supplemental Sub−trust"). Funds held in the Retained Supplemental Sub−trust shall be retained by the First−Party OSNT and administered in accordance with applicable federal and Oregon laws and regulations. Trustor shall direct the use of funds kept in the Retained Supplemental Sub−trust for the charitable purposes of providing support for individuals with disabilities to live healthy, safe, meaningful, and productive lives. Such funds may be distributed to individuals, groups of individuals (whether or not any such individuals are Beneficiaries),or The Arc of Oregon or other organizations for specified uses, provided that any such distribution is consistent with the charitable purpose of the Retained Supplemental Sub−trust.
Sample 1
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Related to Separate Account for Unnamed Class of Beneficiaries

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