Common use of Trust Corpus Clause in Contracts

Trust Corpus. The Grantor hereby transfers to the Trustee and the Trustee hereby accepts and agrees to hold, in Trust, such assets listed on Schedule A, attached hereto, transferred to the Trustee by the Grantor or on behalf of the Grantor. Such cash and/or property, together with the earnings thereon, together with any other cash or property received by the Trustee pursuant to paragraph EIGHT of this Trust Agreement, shall constitute the trust estate and shall be held, managed and distributed as hereinafter provided; provided, however, that upon review and inspection, the Trustee may decline to accept purchases or transfers of real property or other specific assets into the trust. The Grantor shall have the right at any time, and from time to time in its sole discretion, to substitute assets of equal fair market value for any asset held by the Trust. This right is enforceable by the Grantor in a non-fiduciary capacity without the approval or consent of any person in a fiduciary capacity. The Grantor shall execute any and all instruments necessary to vest the Trustee with full title to the property hereby or subsequently transferred.