Actions of the Trustee Sample Clauses

Actions of the Trustee. Subject to the terms of this Agreement, the Trustee shall, in an expeditious but orderly manner, liquidate and convert to Cash the Litigation Trust Assets, which include, without limitation, pursuing recovery on the Litigation Trust Assets, making timely distributions and not unduly prolonging the duration of the Litigation Trust. The liquidation of the Litigation Trust Assets may be accomplished through the prosecution, compromise and settlement, abandonment or dismissal of any or all claims, rights or causes of action, or otherwise. The Trustee, with the consent of a majority of the members of the Trust Board, shall have the absolute right to pursue, settle and compromise or not pursue any and all of the Litigation Trust Assets as it determines is in the best interests of the Litigation Trust Beneficiaries, and consistent with the purposes of the Litigation Trust. The Trustee shall have no liability for the outcome of any such decision except for any damages caused by fraud, gross negligence, willful misconduct or knowing violation of law.
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Actions of the Trustee. References in this Trust Deed or the Agency Agreement (in relation to a matter not affecting the personal interests of the Trustee) to acting reasonably, not to be unreasonably withheld or delayed and similar expressions when used herein in relation to the Trustee and the exercise by it of any right, power, discretion, opinion, determination or other similar matter shall be construed as meaning acting reasonably or not to be unreasonably withheld or delayed (as the case may be) having regard to, and taking into account the interests of, the Bondholders only.
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Actions of the Trustee. The Trustees shall act by a majority of their number, either at a meeting, or by writing, telegram, cablegram or other electronic or telephonic communication without a meeting. The Trustees may elect a chairperson from among their number and may appoint a secretary who need not be a Trustee. Any act of the Trustees shall be sufficiently evidenced if certified by not less than a majority of the Trustees then serving or by the person then holding the office of Secretary. Any Trustee may authorize any other Trustee to act in his stead and on his behalf in his absence.
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Actions of the Trustee. All provisions hereof shall inure to the benefit of and all actions authorized hereunder shall be exercisable by the Trustee at Beneficiary’s request.
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Actions of the Trustee. Any act by the Trustee, or if at any time there shall be more than one trustee hereunder, a majority of the Trustees, shall be an act of the Trust.
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Actions of the Trustee 
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Related to Actions of the Trustee

  • Obligations of the Trust This Agreement is executed by and on behalf of the Trust and the obligations of the Trust hereunder are not binding upon any of the trustees, officers or shareholders of the Trust individually but are binding only upon the Trust and with respect to the Funds to which such obligations pertain.

  • Duties of the Trustee The Trustee, before the occurrence of an Event of Default and after the curing of all Events of Default that may have occurred, shall undertake to perform such duties and only such duties as are specifically set forth in this Agreement. In case an Event of Default has occurred and remains uncured, the Trustee shall exercise such of the rights and powers vested in it by this Agreement, and use the same degree of care and skill in their exercise as a prudent person would exercise or use under the circumstances in the conduct of such person's own affairs. The Trustee, upon receipt of all resolutions, certificates, statements, opinions, reports, documents, orders or other instruments furnished to the Trustee that are specifically required to be furnished pursuant to any provision of this Agreement shall examine them to determine whether they are in the form required by this Agreement. The Trustee shall not be responsible for the accuracy or content of any such resolution, certificate, statement, opinion, report, document, order, or other instrument. No provision of this Agreement shall be construed to relieve the Trustee from liability for its own negligent action, its own negligent failure to act or its own willful misconduct; provided, however, that, unless an Event of Default known to the Trustee has occurred and is continuing,

  • Actions of the Manager The Manager may act through any Officer or through any other Person or Persons to whom authority and duties have been delegated pursuant to Section 6.07.

  • REPRESENTATIONS OF THE TRUST The Trust certifies to Ultimus that: (1) as of the close of business on the Effective Date, each Portfolio that is in existence as of the Effective Date has authorized unlimited shares, and (2) this Agreement has been duly authorized by the Trust and, when executed and delivered by the Trust, will constitute a legal, valid and binding obligation of the Trust, enforceable against the Trust in accordance with its terms, subject to bankruptcy, insolvency, reorganization, moratorium and other laws of general application affecting the rights and remedies of creditors and secured parties.

  • Rights of the Trustee (A) The Trustee may conclusively rely on any document that it believes to be genuine and signed or presented by the proper Person, and the Trustee need not investigate any fact or matter stated in such document.

  • Actions of the Bank The Bank shall follow Instructions received regarding assets held in the Accounts. However, until it receives Instructions to the contrary, the Bank will:

  • Powers of the Trustee The Trustee shall be responsible for the investment, administration and safekeeping of assets held in the Trust Fund. The Trustee shall have the following duties and responsibilities, in addition to powers given by law:

  • Replacement of the Trustee (A) Notwithstanding anything to the contrary in this Section 10.07, a resignation or removal of the Trustee, and the appointment of a successor Trustee, will become effective only upon such successor Trustee’s acceptance of appointment as provided in this Section 10.07.

  • Actions of the Parties Except as otherwise provided in this Agreement, whenever this Agreement calls for or permits a party's approval, consent, or waiver, the written approval, consent, or waiver of the City Manager or the Successor Agency Executive Director shall constitute the approval, consent, or waiver of the respective parties, without further authorization required from the governing board of the party; provided, however, that the person vested with such authority may seek such further advice or authorization from the applicable governing board when he/she deems it appropriate.

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