Common use of Contract Ownership Clause in Contracts

Contract Ownership. 8.03-1 The Insurer shall deal with the Trustee as the sole and absolute owner of the Trust's interests in such Contracts and shall have no obligation to inquire whether any action or failure to act on the part of the Trustee is in accordance with or authorized by the terms of the Plans or this Trust Agreement.

Appears in 1 contract

Samples: Not Specified (Egghead Inc /Wa/)

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Contract Ownership. 8.03-1 The Insurer shall deal with the Trustee as the sole and absolute owner of the Trusttrust's interests in such Contracts and shall have no obligation to inquire whether any action or failure to act on the part of the Trustee is in accordance with or authorized by the terms of the Plans or this Trust Agreement.act

Appears in 1 contract

Samples: Umbrella Trust Agreement (North Valley Bancorp)

Contract Ownership. 8.03-1 The An Insurer shall deal with the Trustee as the sole and absolute owner of the Trust's ’s interests in such Contracts and shall have no obligation to inquire whether any action or failure to act on the part of the Trustee is in accordance with or authorized by the terms of the Plans or this Trust Agreement.

Appears in 1 contract

Samples: Trust Agreement (Prudential Financial Inc)

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Contract Ownership. 8.03-1 The Insurer shall deal with the Trustee as the sole and absolute owner of the Trusttrust's interests in such Contracts and shall have no obligation to inquire whether any action or failure to act on the part of the Trustee is in accordance with or authorized by the terms of the Plans or this Trust Agreement.no

Appears in 1 contract

Samples: Trust Agreement (Milacron Inc)

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