Dealings with Trustees Sample Clauses

Dealings with Trustees. The Trustees may approve any agreement or contract with any party, including a Trustee or any entity with whom a Trustee may be affiliated, provided that (i) the proposed Amended Trust Agreement or contract has been presented to the Trustees, (ii) any possible conflict has been disclosed, (iii) the proposed transaction does not constitute a "prohibited transaction" as defined in ERISA, (iv) the Trustee involved in the possible conflict abstains from the discussion and the voting, and (v) a written record is established in the minutes of the Trustees.
Sample 1
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Dealings with Trustees. No person, partnership, corporation or association dealing with the Trustees shall be obligated to see to the application of any funds or property of the Trust Fund, or to see that the terms of this Agreement and Declaration of Trust have been complied with, or be obligated to inquire into the necessity of any act of the Trustees; and every instrument effected by the Trustees, whether executed by all of them or in the manner specified in Article V, Section 2, shall be conclusive in favor of any person, partnership, corporation, or association relying thereon that: (a) At the time of delivery of said instrument, this Agreement and Declaration of Trust was in full force and effect, and (b) Said instrument was effected in accordance with the terms and conditions of this Agreement and Declaration of Trust, and (c) The Trustees were duly authorized and empowered to execute such instrument.
Sample 1
Dealings with Trustees. Persons dealing with the Trustees, including but not limited to banks, brokers, dealers, and insurers, shall be under no obligation to inquire concerning the validity of anything which the Trustees purport to do, nor need any person see to the proper application of any money paid or any property transferred upon the order of the Trustees or to inquire into the Trustees' authority as to any transaction.
Sample 1

Related to Dealings with Trustees

  • Dealings With Trustees and Officers General. Any Trustee, officer or other agent of the Trust may acquire, own and dispose of shares of the Trust to the same extent as if he were not a Trustee, officer or agent; and the Trustees may accept subscriptions to shares or repurchase shares from any firm or company in which he is interested.

  • Trustee Dealings with Issuers The Trustee, in its individual or any other capacity, may make loans to, accept deposits from, and perform services for the Issuers or their Affiliates, and may otherwise deal with the Issuers or their Affiliates, as if it were not the Trustee.

  • Trustee Dealings with Issuer The Trustee under the Indenture, in its individual or any other capacity, may become the owner or pledgee of Notes and may make loans to, accept deposits from, perform services for, and otherwise deal with, the Issuer and its Affiliates as if it were not the Trustee.

  • Trustee Dealings with the Company Subject to certain limitations set forth in the Indenture, the Trustee under the Indenture, in its individual or any other capacity, may become the owner or pledgee of Notes and may otherwise deal with and collect obligations owed to it by the Company or its Affiliates and may otherwise deal with the Company or its Affiliates with the same rights it would have if it were not Trustee.

  • Trustee Dealings with Company The Trustee, in its individual or any other capacity, may make loans to, accept deposits from, and perform services for the Company or its Affiliates, and may otherwise deal with the Company or its Affiliates, as if it were not the Trustee.

  • Trustee Dealings with the Issuers The Trustee under the Indenture, in its individual or any other capacity, may become the owner or pledgee of Notes and may otherwise deal with and collect obligations owed to it by the Issuers or their Affiliates and may otherwise deal with the Issuers or their Affiliates with the same rights it would have if it were not Trustee.

  • Trustee Dealings with the Issuer The Trustee under the Indenture, in its individual or any other capacity, may become the owner or pledgee of Notes and may otherwise deal with and collect obligations owed to it by the Issuer or its Affiliates and may otherwise deal with the Issuer or its Affiliates with the same rights it would have if it were not Trustee.

  • Dealings with Public Servants Contractor has not given, has not offered to give, and does not intend to give at any time hereafter any economic opportunity, future employment, gift, loan, gratuity, special discount, trip, favor, or service to a public servant in connection with this Contract or any related Solicitation, or related Solicitation Response.

  • Agreements with Third Parties Each member of the VL Group is in compliance in all material respects with each and every one of its obligations under agreements with third parties to which it is a party or by which it is bound, the breach of which could be expected to result in a Material Adverse Change.

  • Conflict with Trust Indenture Act If any provision hereof limits, qualifies or conflicts with another provision hereof that is required to be included in this Indenture by any of the provisions of the Trust Indenture Act, such required provision shall control. The provisions of TIA Sections 310 through 317 that impose duties on any person (including the provisions automatically deemed included herein unless expressly excluded by this Indenture) are a part of and govern this Indenture, whether or not physically contained herein.

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