Common use of Trust Irrevocable Clause in Contracts

Trust Irrevocable. The Trust may not be revoked by the Company, by the Beneficiaries acting as a whole or by the Trustee. Nonetheless, the NEB in the exercise of its statutory authority may direct the termination of the Trust, and order such successive arrangements as are appropriate in view of fulfilling the purpose of the Trust.

Appears in 3 contracts

Sources: Trust Agreement, Trust Agreement, Trust Agreement