Common use of Corpus Clause in Contracts

Corpus. The Trustees may, in their discretion, pay or apply to or for the benefit of any of Primary Beneficiary's blood issue, from time to time living, such additional amounts from corpus, in such manner and at such intervals and in such amounts, not necessarily in equal shares or amounts, as the Trustees in their discretion from time to time shall deem requisite or desirable. Provided, however, in the case of each payment or application of corpus, the Trustees shall first determine that such payment or application of corpus is reasonably necessary to promote the education, support, maintenance or health of such beneficiary; or is reasonably necessary for the reasonable support and comfort of such beneficiary; or is reasonably necessary to enable such beneficiary to maintain his accustomed

Appears in 2 contracts

Sources: Irrevocable Trust Agreement (Broadrick George H), Irrevocable Trust Agreement (Broadrick George H)