Common use of Assignment of Right to Distributions Clause in Contracts

Assignment of Right to Distributions. No Beneficiary may assign or otherwise transfer any right to distributions under this Agreement or any other rights under this Agreement, other than by will, intestate succession or operation of law. The Trustee will not take any action to facilitate or encourage any trading in the Beneficial Interests or in any instrument tied to the value of the Beneficial Interests. No transfer, by operation of law, of the right to distributions or other rights shall operate to terminate the Trust under this Agreement or entitle any successor or transferee of the Beneficiary to an accounting or to the transfer to it of legal title to any part of the Trust Property.

Assignment of Right to Distributions. No Beneficiary may assign or otherwise transfer any right to distributions under this Agreement agreement or any other rights under this Agreement, agreement other than by will, intestate succession the laws of descent and distribution or operation of law. The Trustee will not take any action to facilitate or encourage any trading in the Beneficial Interests or in any instrument tied to the value of the Beneficial Interests. No transfer, by operation of lawlaw or death, of the right to distributions or other rights shall operate to terminate the Trust under this Agreement agreement or entitle any successor or transferee of the Beneficiary to an accounting or to the transfer to it of legal title to any part of the Trust Property.