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ons hereinafter set forth in this Agreement. This trust shall be known as the APO] GRAT No. 7. FIRST: ANNUITY TRUST The Property shall be held by the Trustees IN TRUST for the Trust Term (as defined in Clause SEVENTH). (A) In each year of the Trust Term, the Trustees shall pay to the Grantor, or the Grantor's es
s of Treasury Regulation §25.2702-3) are hereby incorporated by reference. (B) In furtherance of the Grantor's intentions, the Grantor authorizes the Independent Trustees (as defined in Clause SEVENTH), by majority action, to amend this Agreement at any time and from time to time by written instrument, but only for t
aragraph (C) of this Clause SIXTH. (B) If DEBRA survives the Grantor, the amount set aside in paragraph (A) of this Clause SIXTH shall be held by the Trustees IN TRUST (the "GST Marital Trust"), as follows: 1I Dceil USI 8489098vI6 019246-00003 EFTA00601840 (1) During the life of DEBRA, the Trustees shall pay
ACK ("JUDY"), (iv) the Grantor's mother SHIRLEY BLACK ("SHIRLEY"), and (v) Qualified Charitable Organizations (as defined in Clause THIRTEENTH), as the Independent Trustees, in their sole, absolute and uncontrolled discretion deem advisable, at any time and from time to time. It is the Grantor's intent to permit the In
ons hereinafter set forth in this Agreement. This trust shall be known as the APOI GRAT No. 7. FIRST: ANNUITY TRUST The Property shall be held by the Trustees IN TRUST for the Trust Term (as defined in Clause SEVENTH). (A) In each year of the Trust Tenn, the Trustees shall pay to the Grantor, or the Grantor's es
s of Treasury Regulation §25.2702-3) arc hereby incorporated by reference. (B) In furtherance of the Grantor's intentions, the Grantor authorizes the Independent Trustees (as defined in Clause SEVENTH), by majority action, to amend this Agreement at any time and from time to time by written instrument, but only for t
Entities connected to both the Trustees IN TRUST and the Independent Trustees
Leon Black
PERSON
Michael Cohen
PERSON
Barry Diller
PERSONSuch Individual
ORGANIZATIONClause
ORGANIZATION
New York City
LOCATIONBlack Family Partners
ORGANIZATIONthe State of New York
LOCATIONIRREVOCABILITY
ORGANIZATIONthe Bureau of Labor Statistics
ORGANIZATIONthe Marital Trust
ORGANIZATION
the U.S. Treasury Department
ORGANIZATIONELIZABETH IRENE
PERSONthe Trustees the Property
ORGANIZATIONthe Property on the Funding Date
ORGANIZATIONFederal, State
ORGANIZATIONthe Fixed Percentages
ORGANIZATIONthe Initial GRAT Value
ORGANIZATIONthe Terminated Portion
ORGANIZATION