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: (i) the right to a return of any funds that may remain in the Principal Trust Fund after the purposes of the Trust have been accomplished; and (ii) the right to a return of any funds remaining in a Make-up Reclamation Trust Fund after the purposes of the Make-up Reclamation Trust Fund have been accomplished.

Settlor’s Relinquishment of Beneficial Interest. Party A, as settlor of the Trust, retains no beneficial interest in the funds held in trust, except: (i) trust except to utilize funds in the right 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 Fund after the purposes of the Make-up Reclamation Trust Fund have has been accomplishedterminated.