Common use of Additional Beneficiaries Clause in Contracts

Additional Beneficiaries. The Trustees shall have power by deed or deeds revocable during the Trust Period or irrevocable and executed before the Closing Date to appoint and direct that any person or class of persons (other than the Settlor or either of them) not already included as a Beneficiary or as Beneficiaries shall from the date of such deed be so included subject to such (if any) terms conditions or restrictions as may be specified in such deed and subject further to the prior written consent of the Settlor (or each Settlor or the survivor of them) during his lifetime