Common use of Spendthrift Clause Clause in Contracts

Spendthrift Clause. The interests of the Beneficiaries are held subject to a spendthrift trust. No interest in the Decommissioning Trust Funds established pursuant to this Agreement will be transferable or assignable, voluntarily or involuntarily, or be subject to the claims of Party A or its creditors other than as provided in the Decommissioning Agreement.

Spendthrift Clause. The interests interest of the Beneficiaries are Beneficiary is held subject to a spendthrift trust. No interest in the Decommissioning Trust Funds established pursuant to this Agreement will be transferable or assignable, voluntarily or involuntarily, or be subject to the claims of Party A or its creditors, PNM or its creditors or SJCC or its creditors other than as provided in the Decommissioning Mine Reclamation Agreement.

Spendthrift Clause. The interests interest of the Beneficiaries are Beneficiary is held subject to a spendthrift trust. No interest in the Decommissioning Trust Funds established pursuant to this Agreement will shall be transferable or assignable, voluntarily or involuntarily, or be subject to the claims of Party A Anaheim or its creditors, the Utilities or their creditors or SJCC or its creditors other than as provided in the Decommissioning Funding Agreement.

Spendthrift Clause. The interests interest of the Beneficiaries are Beneficiary is held subject to a spendthrift trust. No interest in the Decommissioning Trust Funds established pursuant to this Agreement will shall be transferable or assignable, voluntarily or involuntarily, or be subject to the claims of Party Participant A or its creditors, the Utilities or their creditors or SJCC or its creditors other than as provided in the Decommissioning Funding Agreement.