Common use of Appointment of Agents, etc Clause in Contracts

Appointment of Agents, etc. (a) The Trustee shall be responsible for the general policies of the Trust and for the general supervision of the activities of the Trust conducted by all agents, advisors or managers of the Trust. The Trustee shall have the power to appoint or contract with any Person or Persons as the Trustee may deem necessary or proper for the transaction of all or any portion of the activities of the Trust. (b) The Trustee shall have the power to determine the terms and compensation of any Person with whom it may contract pursuant to Section 5.11(a), subject to the provisions of Section 5.12. (c) The Trustee shall not be required to administer the Trust as its sole and exclusive function and the Trustee may have other business interests and may engage in other activities similar or in addition to those relating to the Trust, including the rendering of advice or services of any kind to investors or any other Persons and the management of other investments, subject to the Trustee's obligations under this Agreement and applicable law.

Appointment of Agents, etc. (a) The Trustee shall be responsible for the general policies of the Trust and for the general supervision of the activities of the Trust conducted by all agents, advisors or managers of the Trust. The Trustee shall have the power to appoint or contract with any Person or Persons as the Trustee may deem necessary or proper for the transaction of all or any portion of the activities of the Trust. (b) The Trustee shall have the power to determine the terms and compensation of any Person with whom it may contract pursuant to Section 5.11(a), subject to the provisions of Section 5.12. (c) The Trustee shall not be required to administer the Trust as its sole and exclusive function and the Trustee may have other business interests and may engage in other activities similar or in addition to those relating to the Trust, including the rendering of advice or services of any kind to investors or any other Persons and the management of other investments, subject to the Trustee's ’s obligations under this Agreement and applicable law.

Appointment of Agents, etc. (a) The Trustee Trustees shall be responsible for the general policies of the Trust and for the general supervision of the activities of the Trust conducted by all agents, advisors or managers of the Trust. The Trustee Trustees shall have the power to appoint or contract with any Person or Persons as the Trustee Trustees may deem necessary or proper for the transaction of all or any portion of the activities of the Trust. (b) The Trustee Trustees shall have the power to determine the terms and compensation of any Person with whom it may contract pursuant to Section 5.11(a), subject to the provisions of Section 5.12. (c) The Trustee Trustees shall not be required to administer the Trust as its their sole and exclusive function and the Trustee Trustees may have other business interests and may engage in other activities similar or in addition to those relating to the Trust, including the rendering of advice or services of any kind to investors or any other Persons and the management of other investments, subject to the Trustee's Trustees’ obligations under this Agreement and applicable law.