Common use of TERMINATION OF TRUSTS Clause in Contracts

TERMINATION OF TRUSTS. Notwithstanding any provisions hereof to the contrary, if during the administration of any trust or trusts hereunder, the Trustee in the Trustee's absolute discretion determines that the value of any such trust is such that the continuation thereof is uneconomic, or if the Trustee in the Trustee's absolute discretion determines that the continuation of this trust is not in the best interests of the beneficiaries, then the Trustee, in the Trustee's absolute discretion, may terminate any such trust or trusts and deliver the assets, discharged of all trusts, to the living beneficiaries who are then or would have been entitled to the income therefrom and in the same proportions; but if no beneficiary is then entitled to a specific portion of such income, then to the living income beneficiaries, per stirpes.