Examples of Master Trust in a sentence
Notwithstanding the foregoing, the Final Remainder Beneficiaries will only be entitled to a distribution from the Beneficiary’s IBA after all amounts have been paid to or for the Trust, Trust expenses and Government Reimbursement Claims, if any, as provided in Article 6 of the Master Trust.
Provided, however, if the Contributed Amount is not received by the Trustee, the Trustee shall have the right to rescind its acceptance, and its obligations under the Master Trust and the Joinder Agreement shall be cancelled without further obligation on its part.
After the administration of the deceased Beneficiary’s IBA as provided in Article 6, Section 6.2 of the Master Trust, including the satisfaction of Medicaid payback obligations as provided therein, any assets that have not been retained as surplus Trust property as provided in this paragraph 8 shall be distributed to the Final Remainder Beneficiaries as provided below.