Collection and Payment. The Trustees shall have the power to authorize the Trust or its agents to: collect all money or other property due to the Trust; to pay all claims, including taxes, against the Trust Property; to prosecute, defend, arbitrate, compromise or abandon any claims relating to the Trust Property; to foreclose any security interest securing any obligations, by virtue of which any money or other property is owed to the Trust; and to enter into releases, agreements and other instruments; but the Trustees shall have no liability for failing to authorize any of the foregoing.
Appears in 81 contracts
Samples: Trust Agreement (Pioneer CoreTrust I), Trust Agreement (City National Rochdale Strategic Credit Fund), Trust Agreement (PowerShares Exchange-Traded Self-Indexed Fund Trust)
Collection and Payment. The Trustees shall have the power to authorize the Trust or its agents to: to collect all money or other property due to the Trust; to pay all claims, including taxes, against the Trust Property; to prosecute, defend, arbitrate, compromise or abandon any claims relating to the Trust Property; to foreclose any security interest securing any obligations, by virtue of which any money or other property is owed to the Trust; and to enter into releases, agreements and other instruments; but the Trustees shall have no liability for failing to authorize any of the foregoing.
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Samples: Trust Agreement (Hartford Funds Exchange-Traded Trust), Trust Agreement (Hartford Funds Master Fund), Trust Agreement (State Trust)
Collection and Payment. The Trustees shall have the power to authorize the Trust or its agents to: ---------------------- collect all money or other a property due to the Trust; Trust or any Portfolio thereof, to pay all claims, including taxes, against the Trust Property; to prosecute, defend, arbitratecompromise, compromise arbitrate or abandon any claims relating to the Trust Property; to foreclose any security interest securing any obligations, by virtue of which any money or other property is owed to the Trust; Trust or any Portfolio thereof, and to enter into releases, agreements and other instruments; but the Trustees shall have no liability for failing to authorize any of the foregoing.
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Samples: Restated Agreement and Declaration of Trust (Fulcrum Trust)
Collection and Payment. The Trustees shall have the power to authorize the Trust or its agents to: collect all money or other property due to the Trust; to pay all claims, including taxes, against the Trust Property; to bring, prosecute, defend, arbitrate, compromise or abandon any claims relating to the Trust Property; to foreclose any security interest securing any obligations, by virtue of which any money or other property is owed to the Trust; and to enter into releases, agreements and other instruments; but the Trustees shall have no liability for failing to authorize any of the foregoing.
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