Common use of Directions from Administrator Clause in Contracts

Directions from Administrator. The Trustee shall make disbursements in the amounts and in the manner that the Administrator directs from time to time in writing. The Trustee shall have no responsibility to ascertain any direction's compliance with the terms of the Plan or of any applicable law or the direction's effect for tax purposes or otherwise; nor shall the Trustee have any responsibility to see to the application of any disbursement.

Appears in 11 contracts

Samples: Master Trust Agreement (Quanex Corp), Master Trust Agreement (Quanex Corp), Master Trust Agreement (Quanex Corp)

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