Common use of Decision to Act or Not Act Clause in Contracts

Decision to Act or Not Act. The Trustee shall retain the right not to act and shall not be held liable for refusing to act unless it has received clear documentation which complies with the terms of this Agreement. The Trustee shall not retain the right not to act and shall be held liable for refusing to act where documentation which complies with the terms of this Agreement requires the exercise of any discretion or independent judgment on the part of the Trustee.

Decision to Act or Not Act. The Trustee shall retain the right not to act and shall not be held liable for refusing to act unless it has received clear documentation which complies with the terms of this Agreement. The Trustee shall not retain the right not to act and shall be held liable for refusing to act where documentation which complies with the terms of this Agreement requires the exercise of any discretion or independent judgment on the part of the Trusteetrust agreement.

Decision to Act or Not Act. The Trustee shall retain the right not to act and shall not be held liable for refusing to act unless it has received clear documentation which complies with the terms of this Agreement. The Trustee shall not retain the right not to act and shall be held liable for refusing to act where documentation which complies with the terms of this Agreement requires the exercise of any discretion or independent judgment on the part of the Trustee.

Decision to Act or Not Act. The Trustee shall retain the right not to act and shall not be held liable for refusing to act unless it has received clear documentation which complies with the terms of this Agreement. The Trustee shall Such documentation must not retain the right not to act and shall be held liable for refusing to act where documentation which complies with the terms of this Agreement requires require the exercise of any discretion or independent judgment on the part of the Trustee.