Common use of TRUSTS OF CAPITAL Clause in Contracts

TRUSTS OF CAPITAL. 6.1 Trusts prior to Termination Date: The shares in the Company or the proceeds of sale or other disposition of such shares shall be held by the Trustees upon trust to pay, apply or allocate the same, on or before the Termination Date for the benefit of the Consumers, or to the extent that the shares are sold in order to raise funds for the Company, for the benefit of the Company, in such manner and in such shares as the Trustees in their absolute and unfettered discretion consider fair and equitable.

TRUSTS OF CAPITAL. 6.1 Trusts prior to Termination Date: The shares Shares in the Company and Other Shares or the proceeds of sale or other disposition of such shares shall be held by the Trustees upon trust to pay, apply or allocate the same, on or before the Termination Date for the benefit of the Consumers, or to the extent that the shares are sold in order to raise funds for the Company, for the benefit of the Company, Company in such manner and in such shares as the Trustees in their absolute and unfettered discretion consider fair and equitable.

TRUSTS OF CAPITAL. 6.1 6.1. Trusts prior to Termination Date: The shares in the Company or the proceeds of sale or other disposition of such shares shall be held by the Trustees upon trust to pay, apply or allocate the same, on or before the Termination Date for the benefit of the Consumers, or to the extent that the shares are sold Consumers in order to raise funds for the Company, for the benefit of the Company, in such manner and in such shares as the Trustees in their absolute and unfettered discretion consider fair and equitableaccordance with Clause 4.