Bypass definition
Examples of Bypass in a sentence
If any of the property subject to this power of appointment is not effectively appointed by the surviving Settlor, that property, after any payment of taxes, debts, and expenses pursuant to the applicable provisions of this instrument, shall be distributed in the manner specified in Article VII Subsection F applicable to the remainder provisions in the Bypass Trust.
Excepting therefrom that certain parcel of land described in Parcel One in the final order of condemnation, to State Route 4 Bypass Authority, recorded April 23, 2007, in official records under Recorder’s Serial Number 2007-118647, Contra Costa County Records, also excepting that portion of said parcel be southerly of said final order of condemnation (Serial No. 2087.118647).
Any payments made under this section shall be made first out of the income or principal of the Survivor's Trust, then out of the income or principal of the Power of Appointment Trust to the extent that the Survivor's Trust is insufficient for that purpose, and last out of the income or principal of the Bypass Trust to the extent that the Survivor's Trust and the Power of Appointment Trust are both insufficient for that purpose.
If any of the property subject to this power of appointment is not effectively appointed by the surviving Settlor, that property, after any payment of taxes, debts, and expenses pursuant to the applicable provisions of this instrument, shall be distributed in the manner specified in ARTICLE VII Subsection F applicable to the remainder provisions in the Bypass Trust.