Common use of Employment of Third Parties Clause in Contracts

Employment of Third Parties. Notwithstanding anything to the contrary contained herein, authority is hereby reserved by Cemetery Authority, subject to any applicable restrictions under Title 27, Chapter 17A of the Code of Alabama 1975, to select an investment advisor (“Investment Advisor”), if Cemetery Authority so chooses, to advise Trustee in the making or retention of any investment. Trustee shall use commercially reasonable efforts to follow such advice received from such Investment Advisor, Cemetery Authority shall designate in writing the name of the Investment Advisor, if any, selected and shall submit the name to Trustee in writing. Such notice shall be effective until revoked by Cemetery Authority upon ten (10) days prior written notice thereof to Trustee.

Appears in 10 contracts

Samples: Preneed Cemetery Merchandise and Services Master Trust Agreement, Endowment Care Cemetery Trust Agreement, Preneed Cemetery Merchandise and Services Trust Agreement

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Employment of Third Parties. Notwithstanding anything to the contrary contained herein, authority is hereby reserved by Cemetery Authority, subject to any applicable restrictions under Title 27, Chapter 17A of the Code of Alabama 1975, to select an investment advisor (“Investment Advisor”), if Cemetery Authority so chooses, to advise Trustee Board of Trustees in the making or retention of any investment. Trustee Board of Trustees shall use commercially reasonable efforts to follow such advice received from such Investment Advisor, Cemetery Authority shall designate in writing the name of the Investment Advisor, if any, selected and shall submit the name to Trustee Board of Trustees in writing. Such notice shall be effective until revoked by Cemetery Authority upon ten (10) days prior written notice thereof to TrusteeBoard of Trustees.

Appears in 2 contracts

Samples: Endowment Care Cemetery Trust Agreement, Endowment Care Cemetery Trust Agreement

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Employment of Third Parties. Notwithstanding anything to the contrary contained herein, authority is hereby reserved by Cemetery Authority, subject to any applicable restrictions under Title 2734, Chapter 17A 13 of the Code of Alabama 1975, to select an investment advisor (“Investment Advisor”), if Cemetery Authority so chooses, to advise Trustee in the making or retention of any investment. Trustee shall use commercially reasonable efforts to follow such advice received from such Investment Advisor, Cemetery Authority shall designate in writing the name of the Investment Advisor, if any, selected and shall submit the name to Trustee in writing. Such notice shall be effective until revoked by Cemetery Authority upon ten (10) days prior written notice thereof to Trustee.

Appears in 1 contract

Samples: Endowment Care Cemetery Trust Agreement

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