Common use of Trust is Irrevocable Clause in Contracts

Trust is Irrevocable. This Trust Agreement and the nomination of the Trustee during the term of the trust shall be irrevocable by the Parent, the Acquiror, NSC and LLC and their affiliates and shall terminate only in accordance with, and to the extent of, the provisions of Paragraphs 8 and 14 hereof.

Appears in 1 contract

Sources: Agreement and Plan of Merger (CSX Corp)

Trust is Irrevocable. This Trust Agreement and the nomination of the Trustee during the term of the trust shall be irrevocable by the Parent, Parent and the Acquiror, NSC and LLC Acquiror and their affiliates and shall terminate only in accordance with, and to the extent of, the provisions of Paragraphs 8 and 14 hereof.

Appears in 1 contract

Sources: Voting Trust Agreement (CSX Corp)