Common use of Trustee Discretion Clause in Contracts

Trustee Discretion. Within the expressed intent and purpose of this Agreement, the Trustee shall have sole and absolute discretion in making disbursements to or for the benefit of the Beneficiaries or in declining to make such disbursements. The Beneficiaries have no entitlement to the income or corpus of the Trust, except as the Trustee, in its complete and unfettered discretion, elects to disburse.

Trustee Discretion. Within the expressed intent and purpose of this Agreement, the Trustee shall have sole and absolute discretion in making disbursements to or for the benefit of the Beneficiaries any Beneficiary or in declining to make such disbursements. The Beneficiaries have no entitlement to the income or corpus of the Trust, except as the Trustee, in its complete and unfettered discretion, elects to disburse.