📄 Extracted Text (210 words)
C. The word "pay" shall, where applicable, mean "convey, transfer
and pay" and the word "payment" shall, where applicable, mean "conveyance,
transfer and payment. "
D. The word "Trust" shall mean the trust created under this Trust
Agreement.
E. All terms used herein, unless otherwise defined herein, shall
have the same meanings in this Trust Agreement as they do in the Code and the
Treasury Regulations thereunder.
THIRD
DISPOSITION OF PRINCIPAL AND
INCOME DURING THE TERM OF THE TRUST
A. The Trustees shall invest and reinvest the principal of the Trust
until the expiration of two (2) years after the date on which the property listed on
Schedule A hereto shall be irrevocably assigned, transferred and conveyed to the
Trustees (the "Funding Date"). Until the tennination of the Trust, the Trustees
shall pay, annually on the day immediately preceding the anniversary of the
Funding Date (the "annuity payment date"), to the Grantor if the Grantor is living
on the annuity payment date, or, after the Grantor's death during the trust term, to
the Grantor's personal representatives, an annuity equal to 51.80810% of the fair
market value of the principal on the Funding Date (the "Annuity Amount"), said
CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0054798
CONFIDENTIAL SDNY_GM_00200982
EFTA01364272
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EFTA01364272
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