EFTA01127970.pdf
📄 Extracted Text (353 words)
(L) Sailor'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-fiduciary capacity without the consent of any of the Trustees, the Trustees, if
they believe that the property the Settler 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 signed by the Senior and delivered to each Trustee.
(M) Settlor's Power to Borrow. The Settlor at any time or from time to time
may borrow any portion of the Trust Fund of the Trust under Article II. 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 Settlor and delivered to
each Trustee.
(N) 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 BI and
any Trustee of such Trust with the consent of the Primary Beneficiary of such Trust but only if
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EFTA01127970
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EFTA01127970
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