Common use of Settlor’s Relinquishment of Beneficial Interest Clause in Contracts

Settlor’s Relinquishment of Beneficial Interest. Party A, as settlor of the Trust, retains no beneficial interest in the funds held in trust except to utilize funds in the Trust as set forth in Section 4 and to receive a return of any funds that may remain in the Trust after the purposes of the Trust have been accomplished and the Trust has been terminated.

Settlor’s Relinquishment of Beneficial Interest. Party A, as settlor of the Trust, retains no beneficial interest in the funds held in trust except trust, except: (i) the right to utilize funds in the Trust as set forth in Section 4 and to receive a return of any funds that may remain in the Principal Trust Fund after the purposes of the Trust have been accomplished accomplished; and (ii) the right to a return of any funds remaining in a Make-up Reclamation Trust has Fund after the purposes of the Make-up Reclamation Trust Fund have been terminatedaccomplished.