Common use of Trustees as Beneficiaries Clause in Contracts

Trustees as Beneficiaries. Each Trustee, either individually or in a representative or fiduciary capacity may be a Beneficiary to the same extent as if he were not a Trustee hereunder and have all the rights of a Beneficiary, including, without limitation, the right to vote and to receive distributions, to the same extent as if he were not a Trustee hereunder.

Appears in 3 contracts

Samples: Liquidating Trust Agreement (Petrie Stores Corp), Liquidating Trust Agreement (Microcap Liquidating Trust), Liquidating Trust Agreement (Microcap Fund Inc)

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Trustees as Beneficiaries. Each Trustee, either individually or in a representative or fiduciary capacity may be a Beneficiary to the same extent as if he were not a Trustee hereunder and have all the rights of a Beneficiary, including, without limitation, the right to vote and to receive distributions, to the same extent as if he were not a Trustee hereunder.

Appears in 2 contracts

Samples: Liquidating Trust Agreement (Grafiti Holding Inc.), Liquidating Trust Agreement (Grafiti Holding Inc.)

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Trustees as Beneficiaries. Each TrusteeThe Trustees, either individually on their own behalf or in a representative or fiduciary capacity capacity, may be a Beneficiary to the same extent as if he were not a Trustee hereunder and have all the rights of a Beneficiaryhe, including, without limitation, the right to vote and to receive distributions, to the same extent as if he she or it were not a Trustee hereunder.

Appears in 1 contract

Samples: Trust Agreement (Biofarm Inc)

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