Common use of Methods of Distribution Clause in Contracts

Methods of Distribution. To make payments to or for the benefit of any beneficiary (specifically including any beneficiary under any legal disability) in any of the following ways: (a) directly to the beneficiary, (b) directly for the maintenance, welfare and education of the beneficiary, (c) to the legal or natural guardian of the beneficiary, or, (d) to anyone who at the time shall have custody and care of the person of the beneficiary. Trustee shall not be obliged to see to the application of the funds so paid, but the receipt of the person to whom the funds were paid shall be full acquittance of Trustee.

Methods of Distribution. To make payments to or for the benefit of any beneficiary (specifically including any beneficiary under any legal disability) in any of the following ways: (a) directly to the beneficiary, (b) directly for the maintenance, welfare and education of the beneficiary, (c) to the legal or natural guardian of the beneficiary, or, (d) to anyone who at the time shall have custody and care of the person of the beneficiary. The Trustee shall not be obliged to see to the application of the funds so paid, but the receipt of the person to whom the funds were paid shall be full acquittance of the Trustee.

Methods of Distribution. To make payments to or for the benefit of any beneficiary (specifically including any beneficiary under any legal disability) in any of the following ways: (a) directly to the beneficiary, ; (b) directly for the maintenance, welfare and education of the beneficiary, ; (c) to the legal or natural guardian of the beneficiary, or, ; or (d) to anyone who at the time shall have custody and care of the person of the beneficiary. The Trustee shall not be obliged to see to the application of the funds so paid, but the receipt of the person to whom the funds were paid shall be full acquittance of the Trustee.

Methods of Distribution. To make payments to or for the benefit of any beneficiary Beneficiary (specifically including any beneficiary Beneficiary under any legal disability) in any of the following ways: (a) directly to the beneficiaryBeneficiary, (b) directly for the maintenance, welfare and education of the beneficiary, (c) to the legal or natural guardian of the beneficiaryBeneficiary, or, (d) to anyone who at the time shall have custody and care of the person of the beneficiaryBeneficiary. The Trustee shall not be obliged to see to the application of the funds so paid, but the receipt of the person to whom the funds were paid shall be full acquittance of the Trustee.

Methods of Distribution. To make payments to or for the benefit of any beneficiary (specifically including any beneficiary under any legal disability, as defined herein) in any of the following ways: (a1) directly to the beneficiary, ; (b) directly for the maintenance, welfare and education of the beneficiary, ; (c) to the legal or natural guardian of the beneficiary, or, ; or (d) to anyone who at the time shall have custody and care of the person of the beneficiary. The Trustee shall not be obliged to see to the application of the funds so paid, but the receipt of the person to whom the funds were paid shall be full acquittance of the Trustee.