CASH REMAINDER Sample Clauses

The "Cash Remainder" clause defines how any remaining cash, after all specified payments and obligations have been fulfilled, is to be handled or distributed. Typically, this clause applies in contexts such as trust agreements, estate settlements, or business transactions where funds are managed and disbursed according to a set order of priority. For example, after debts, taxes, and specific bequests are paid from an estate, the cash remainder clause would dictate who receives any leftover funds. Its core practical function is to ensure that any surplus cash is allocated in a clear and predetermined manner, preventing disputes or ambiguity over residual funds.