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efta-02672985DOJ Data Set 11Other

EFTA02672985

Date
Unknown
Source
DOJ Data Set 11
Reference
efta-02672985
Pages
1
Persons
0
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EFTA Disclosure
Text extracted via OCR from the original document. May contain errors from the scanning process.
(L) Senior's Power to Reacquire Trust Assets. The Senior at any time or from time to time may acquire or reacquire any portion of the Trust Fund of the Trust under Article II by substituting therefor other property of an equivalent value, valued on the date of substitution. Notwithstanding any other provision of this Trust Agreement, the Senior may exercise this power without the consent of the Trustees. Although this power is exercisable by the Senior in a non•fduciary capacity without the consent of any of the Trustees, the Trustees, if they believe that the property the Senior seeks to substitute for trust property is not in fact property of equivalent value. shall seek a determination by a court of competent jurisdiction to assure that the equivalent value requirement of this section is satisfied. The Senior, at any time, may release this power. Any release under this section shall be irrevocable and shall be made by instrument in writing sianed by the Senior and delivered to each Trustee. (M) Senior's Power to Borrow. The Scttlor at any time or from time to time may borrow any portion of the Trust Fund of the Trust under Article IL If the Senior borrows the Trust Fund, or any portion thereof, the Independent Trustees shall determine the rate of interest to be charged, which rate shall not be less than a reasonable market rate of interest at the time the loan is made, and shall determine whether or not the loan should be secured. The Senior, at any time, may release this power to borrow. Any release under this section shall be irrevocable and shall be made by instrument in writing signed by the Senior and delivered to each Trustee. (Nj Self-Dealing. The Senior authorizes financial transactions, both direct and indirect, between the Trust held under Article If and any Trustee of such Trust with the consent of DEBRA if DEBRA is then competent, and between a Trust held under Article i l and any Trustee of such Trust with the consent of the Primary Beneficiary of such Trust but only if NY) A1470407111WSKVOI LLICC124W.00C) 29 EFTA_R1_01947690 EFTA02672985

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