Common use of Irrevocability of Trust Clause in Contracts

Irrevocability of Trust. Subject to the provisions of paragraph THREE, above, regarding the claims of unsecured creditors of Grantor, the Trust shall be irrevocable and may not be altered or amended in any substantive respect, or revoked or terminated by the Grantor in whole or in part, without the express written consent of a majority of the Beneficiaries of the Trust; provided, however, that the Trust Agreement may be amended, as may be necessary, either:

Appears in 5 contracts

Samples: Trust Agreement (First American Insurance Portfolios Inc), Trust Agreement (First American Investment Funds Inc), Trust Agreement (First American Funds Inc)

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