Common use of ADDITIONAL POWERS AND DUTIES OF THE TRUSTEE Clause in Contracts

ADDITIONAL POWERS AND DUTIES OF THE TRUSTEE. Following a Change in Control should the Company attempt to enjoin any benefit payment (other than for reasons of manifest error) that the Trustee has been directed to make under the terms of this Trust Agreement, the Trustee shall commence legal action to allow such payment. The Trustee may withdraw from the Trust assets any amounts it deems necessary to pay legal expenses, including attorneys' fees, incurred in the course of such legal action. Under no circumstances shall the Trustee be required to make such payments for benefits or expenses from any source other than the Trust. Except as otherwise limited by Section 6, the Trustee shall also have the following powers:

Appears in 2 contracts

Samples: Benefit Plans Trust Agreement (Lyondell Chemical Co), Lyondell Petrochemical Co

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ADDITIONAL POWERS AND DUTIES OF THE TRUSTEE. Following a Change in Control Control, should the Company attempt to enjoin any benefit payment (other than for reasons of manifest error) that the Trustee has been directed to make under the terms of this Trust Agreement, the Trustee shall commence legal action to allow such payment. The Trustee may withdraw from the Trust assets any amounts it deems necessary to pay legal expenses, including attorneys' fees, incurred in the course of such legal action. Under no circumstances shall the Trustee be required to make such payments for benefits or expenses from any source other than the Trust. Except as otherwise limited by Section 6, the Trustee shall also have the following powers:

Appears in 2 contracts

Samples: Trust Agreement (Lyondell Petrochemical Co), Trust Agreement (Lyondell Chemical Co)

ADDITIONAL POWERS AND DUTIES OF THE TRUSTEE. Following a Change in Control Control, should the Company attempt to enjoin any benefit payment (other than for reasons of manifest error) that the Trustee has been directed to make under the terms of this Trust Agreement, the Trustee shall commence legal action to allow such payment. The Trustee may withdraw from the Trust assets any amounts it deems necessary to pay legal expenses, including attorneys' ’ fees, incurred in the course of such legal action. Under no circumstances shall the Trustee be required to make such payments for benefits or expenses from any source other than the Trust. Except as otherwise limited by Section 6, the Trustee shall also have the following powers:

Appears in 1 contract

Samples: Trust Agreement (Lyondell Chemical Co)

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ADDITIONAL POWERS AND DUTIES OF THE TRUSTEE. Following a Change in Control should the Company attempt to enjoin any benefit payment (other than for reasons of manifest error) that the Trustee has been directed to make under the terms of this Trust Agreement, the Trustee shall commence legal action to allow such payment. The Trustee may withdraw from the Trust assets any amounts it deems necessary to pay legal expenses, including attorneys' ’ fees, incurred in the course of such legal action. Under no circumstances shall the Trustee be required to make such payments for benefits or expenses from any source other than the Trust. Except as otherwise limited by Section 6, the Trustee shall also have the following powers:

Appears in 1 contract

Samples: Trust Agreement (Lyondell Chemical Co)

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