Discretion of Trustee. The Trustee, in its actions pursuant to this Agreement, shall be fully protected in every reasonable exercise of its discretion and shall have no obligations hereunder either to the Company or to any other party, except as expressly set forth herein and as stated in Rule 419 of the Securities Act of 1933. It is understood and agreed that the duties of the Trustee are entirely ministerial, being limited to receiving and holding and disbursing such Funds in accordance with this Agreement.
Appears in 21 contracts
Samples: Trust Agreement (Fortuneswell Corp), Trust Agreement (Destiny Corporate Enterprises, Inc.), Trust Agreement (Stem Sales, Inc.)
Discretion of Trustee. The Trustee, in its actions pursuant to this Agreement, shall be fully protected in every reasonable exercise of its discretion and shall have no obligations hereunder either to the Company Client or to any other party, except as expressly set forth herein and as stated in Rule 419 of the Securities Act of 1933Act. It is understood and agreed that the duties of the Trustee are entirely ministerial, being limited to receiving and holding and disbursing such Funds in accordance with this Agreement.
Appears in 7 contracts
Samples: Escrow Agreement (RedHawk Acquisition I Corp.), Escrow Agreement (RedHawk Acquisition I Corp.), Trust Agreement
Discretion of Trustee. The Trustee, in its actions pursuant to this Agreement, shall be fully protected in every reasonable exercise of its discretion and shall have no obligations hereunder either to the Company Client/Beneficiary or to any other party, except as expressly set forth herein and as stated in Rule 419 of the Securities Act of 1933Act. It is understood and agreed that the duties of the Trustee are entirely ministerial, being limited to receiving and holding and disbursing such Funds in accordance with this Agreement.
Appears in 6 contracts
Samples: Trust Agreement (Arrington Jones, Inc.), Trust Agreement (Tigon), Trust Agreement (Tigon)
Discretion of Trustee. The Trustee, in its actions pursuant to this Agreement, shall be fully protected in every reasonable exercise of its discretion and shall have no obligations hereunder either to the Company or to any other party, except as expressly set forth herein and as stated in Rule 419 of the Securities Act of 1933. It is understood and agreed that the duties of the Trustee are entirely ministerial, being limited to receiving and holding and disbursing such Funds in accordance inaccordance with this Agreement.
Appears in 2 contracts
Samples: Trust Agreement (Exquisite Acquisition, Inc.), Trust Agreement (Exquisite Acquisition, Inc.)
