Common use of Collection and Payment Clause in Contracts

Collection and Payment. The Trustees shall have full power and authority to collect all property due to the Trust; to pay all claims, including taxes, against the Trust or Trust Property; to prosecute, defend, compromise, settle or abandon any claims relating to the Trust or Trust Property; to foreclose any security interest securing any obligations, by virtue of which any property is owed to the Trust; and to enter into releases, agreements and other instruments.

Appears in 88 contracts

Samples: Agreement and Declaration of Trust (John Hancock Tax-Advantaged Global Shareholder Yield Fund), Agreement and Declaration of Trust (Eaton Vance Floating-Rate 2022 Target Term Trust), Agreement and Declaration of Trust (Eaton Vance Floating-Rate 2024 Target Term Trust)

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Collection and Payment. The Trustees shall have full power and authority to collect all property due to the Trust; to pay all claims, including taxes, against the Trust Property or Trust Propertythe Trust, the Trustees or any officer, employee or agent of the Trust; to prosecute, defend, compromise, settle compromise or abandon any claims relating to the Trust Property or Trust Propertythe Trust, or the Trustees or any officer, employee or agent of the Trust; to foreclose any security interest securing any obligations, by virtue of which any property is owed to the Trust; and to enter into releases, agreements and other instruments.

Appears in 50 contracts

Samples: Agreement and Declaration of Trust (Kennedy Lewis Capital Co), Agreement and Declaration of Trust (Kennedy Lewis Capital Co), Agreement and Declaration of Trust (Franklin BSP Real Estate Debt BDC)

Collection and Payment. The Trustees shall have full power and authority to collect all property due to the Trust; to pay all claims, including taxes, against the Trust Property or Trust Propertythe Trust, the Trustees or any officer, employee or agent of the Trust; to prosecute, defend, compromise, settle compromise or abandon any claims relating to the Trust Property or Trust Propertythe Trust, or the Trustees or any officer, employee or agent of the Trust; to foreclose any security interest securing any obligations, by virtue of which any property is owed to the Trust; and to enter into releases, agreements and other instruments.

Appears in 38 contracts

Samples: Agreement and Declaration of Trust (Federated Hermes Adviser Series), Agreement and Declaration of Trust (Federated Hermes Adviser Series), Agreement and Declaration of Trust (Federated Hermes Core Trust III)

Collection and Payment. The Trustees shall have full power and authority to collect all property due to the Trust; to pay all claims, including taxes, against the Trust or Trust Property; to prosecute, defend, compromise, settle compromise or abandon any claims relating to the Trust or Trust Property; to foreclose any security interest securing any obligations, by virtue of which any property is owed to the Trust; and to enter into releases, agreements and other instruments.

Appears in 36 contracts

Samples: Trust Agreement (John Hancock Asset Backed Securities Fund), Trust Agreement (John Hancock Multi Asset Credit Fund), Trust Agreement (Manulife Private Credit Plus Fund)

Collection and Payment. The Trustees shall have full power and authority to collect all property due to the TrustTrust or any Series thereof; to pay all claims, including taxes, against the Trust or Trust Property; to prosecute, defend, compromise, settle arbitrate or abandon any claims relating to the Trust or Trust Property; to foreclose any security interest securing any obligations, by virtue of which any property is owed to the TrustTrust or any Series thereof; and to enter into releases, agreements and other instruments.

Appears in 9 contracts

Samples: Agreement and Declaration of Trust (Pacific Select Fund), Agreement and Declaration of Trust (Pacific Select Fund), Agreement and Declaration of Trust (Pacific Select Fund)

Collection and Payment. The Trustees shall have full the power and authority to collect all property due to the TrustTrust or any Series; to pay all claims, including taxes, against the Trust or Trust Property; to prosecute, defend, compromise, settle compromise or abandon any claims relating to the Trust or Trust Property; to foreclose any security interest securing any obligations, obligations by virtue of which any property is owed to the TrustTrust or any Series; and to enter into releases, agreements and other instruments.

Appears in 6 contracts

Samples: Agreement and Declaration of Trust (GoodHaven Funds Trust), Trust Agreement (Riverpark Funds Trust), Trust Agreement (Underlying Funds Trust)

Collection and Payment. The Trustees shall have full power and authority to collect all property due to the TrustFund; to pay all claims, including taxes, against the Trust Fund Property or Trust Propertythe Fund, the Trustees or any officer, employee or agent of the Fund; to prosecute, defend, compromise, settle compromise or abandon any claims relating to the Trust Fund Property or Trust Propertythe Fund, or the Trustees or any officer, employee or agent of the Fund; to foreclose any security interest securing any obligations, by virtue of which any property is owed to the TrustFund; and to enter into releases, agreements and other instruments.

Appears in 6 contracts

Samples: Agreement and Declaration of Trust (Federated Hermes Project & Trade Finance Tender Fund), Agreement and Declaration of Trust (Hedge Fund Guided Portfolio Solution), Agreement and Declaration of Trust (Thrivent Church Loan & Income Fund)

Collection and Payment. The Subject to Section 5.9 hereof, the Trustees shall have full power and authority to collect all property due to the Trust; to pay all claims, including taxes, against the Trust or Trust Property; to pay, prosecute, defend, compromise, settle arbitrate or abandon or otherwise adjust any claims relating to the Trust or Trust Property; to foreclose any security interest securing any obligations, by virtue of which any property is owed to the Trust; and to enter into releases, agreements and other instruments.

Appears in 3 contracts

Samples: Agreement and Declaration of Trust (Touchstone Variable Series Trust), Agreement and Declaration of Trust (Touchstone Variable Series Trust), Agreement and Declaration of Trust (Touchstone Variable Series Trust)

Collection and Payment. The Subject to Section 6.9 hereof, the Trustees shall have full power and authority to collect all property due to the Trust; to pay all claims, including taxes, against the Trust or Trust Property; to prosecute, defend, compromise, settle compromise or abandon any claims relating to the Trust or Trust Property; to foreclose any security interest securing any obligations, by virtue of which any property is owed to the Trust; and to enter into releases, agreements and other instruments.

Appears in 3 contracts

Samples: Declaration of Trust (MFS Sun Life Series Trust), Trust Agreement (USBAM Securities Lending Trust), Investment Advisory Agreement (MFS Government Securities Fund)

Collection and Payment. The Trustees shall have full power and authority to collect all property due to the Trust; and to pay all claims, including taxes, against the Trust or Trust Property; to prosecute, defend, compromise, settle compromise or abandon any claims relating to the Trust or Trust Property; to foreclose any security interest securing any obligations, by virtue of which any property is owed to the Trust; and to enter into releases, agreements and other instruments.

Appears in 2 contracts

Samples: Agreement and Declaration of Trust (Premier Vit), Trust Instrument (Core Trust /De)

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Collection and Payment. The Trustees shall have full power and authority to collect all property due to the TrustCompany; and to pay all claims, including taxes, against the Trust or Trust Company Property; to prosecute, defend, compromise, settle compromise or abandon any claims relating to the Trust or Trust Company Property; to foreclose any security interest securing any obligations, by virtue of which any property is owed owned, to the TrustCompany; and to enter into releases, agreements and other instruments.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Columbia Funds Master Investment Trust, LLC), Limited Liability Company Agreement (Columbia Funds Master Investment Trust LLC)

Collection and Payment. The Trustees shall have full power and authority to ---------------------- collect all property due to the TrustTrust or any Series thereof; to pay all claims, including taxes, against the Trust or Trust Property; to prosecute, defend, compromise, settle arbitrate or abandon any claims relating to the Trust or Trust Property; to foreclose any security interest securing any obligations, by virtue of which any property is owed to the TrustTrust or any Series thereof; and to enter into releases, agreements and other instruments.

Appears in 2 contracts

Samples: Agreement and Declaration of Trust (Pacific Select Fund), Agreement and Declaration of Trust (Pacific Select Fund)

Collection and Payment. The Trustees shall have full power and authority to collect all property due to the TrustTrust or any Portfolio thereof; to pay all claims, including taxes, against the Trust or Trust Property; to prosecute, defend, compromise, settle arbitrate or abandon any claims relating to the Trust or Trust Property; to foreclose any security interest securing any obligations, by virtue of which any property is owed to the TrustTrust or any Portfolio thereof; and to enter into releases, agreements and other instruments.

Appears in 1 contract

Samples: Trust Agreement (Palladian Trust)

Collection and Payment. The Trustees shall have full power and authority to collect all property due to the Trust; to pay all claims, including taxes, against the Trust or Trust Property; to prosecute, defend, compromise, settle compromise or abandon any claims relating to the Trust or Trust Property; to foreclose any security interest securing any obligations, by virtue of which any property is owed owned to the Trust; and to enter into releases, agreements and other instruments.

Appears in 1 contract

Samples: Trust Agreement (Black Pearl Funds)

Collection and Payment. The Trustees shall have full power and authority to collect ---- ---------------------- all property due to the TrustTrust or any Series thereof; to pay all claims, including taxes, against the Trust or Trust Property; to prosecute, defend, compromise, settle arbitrate or abandon any claims relating to the Trust or Trust Property; to foreclose any security interest securing any obligations, by virtue of which any property is owed to the TrustTrust or any Series thereof; and to enter into releases, agreements and other instruments.

Appears in 1 contract

Samples: Agreement and Declaration of Trust (Pacific Select Fund)

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