Common use of Enforcement of Trust Agreement and Legal Proceedings Clause in Contracts

Enforcement of Trust Agreement and Legal Proceedings. The Employer shall have the right to enforce any provision of this Trust Agreement, and any Trust Beneficiary shall have the right as a beneficiary of the Trust to enforce any provision of this Trust Agreement that affects the right, title and interest of such Trust Beneficiary in the Trust. In any action or proceedings affecting the Trust, the only necessary parties shall be the Employer, the Trustee and the Trust Beneficiaries and, except as otherwise required by applicable law, no other person shall be entitled to any notice or service of process. Any judgment entered in such an action or proceedings shall, to the maximum extent permitted by applicable law, be binding and conclusive on all persons having or claiming to have any interest in the Trust.

Appears in 6 contracts

Samples: Trust Agreement, Trust Agreement (Host Marriott Corp/), Trust Agreement (Host Marriott L P)

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Enforcement of Trust Agreement and Legal Proceedings. 12.1 The Employer Company shall have the right to enforce any provision of this Trust Agreement, and any Trust Beneficiary shall have the right as a beneficiary of the Trust Trust, to enforce any provision of this Trust Agreement that affects the right, title and interest of such Trust Beneficiary in the Trust. In any action or proceedings affecting the Trust, the only necessary parties shall be the EmployerCompany, the Trustee and the Trust Beneficiaries and, except as otherwise required by applicable law, no other person shall be entitled to any notice or service of process. Any judgment entered in such an action or proceedings shall, proceeding shall to the maximum extent permitted by applicable law, law be binding and conclusive on all persons having or claiming to have any interest in the Trust.

Appears in 3 contracts

Samples: Supplemental Retirement Plan Trust (Moog Inc. Supplemental Retirement Plan Trust), Supplemental Retirement Plan Trust (Moog Inc.), Supplemental Retirement Plan Trust (Acme Electric Corp)

Enforcement of Trust Agreement and Legal Proceedings. 11.1 The Employer Company shall have the right to enforce any provision of this Trust Agreement, and and, any Trust Beneficiary Member shall have the right as a beneficiary of the Trust to enforce any provision of this Trust Agreement that affects the right, title and interest of such Trust Beneficiary Member in the Trust. In any action or proceedings affecting the Trust, Trust the only necessary parties shall be the EmployerCompany, the Trustee and the Trust Beneficiaries Members and, except as otherwise required by applicable law, no other person shall be entitled to any notice of service or service of process. Any judgment entered in such an action or proceedings shall, proceeding shall to the maximum extent permitted by applicable law, law be binding and conclusive on all persons having or claiming to have any interest in the Trust.

Appears in 1 contract

Samples: Industries Excess Benefit Trust (Itt Industries Inc)

Enforcement of Trust Agreement and Legal Proceedings. 13.1 The Employer Company shall have the right to enforce any provision of this Trust Agreement, and any Trust Beneficiary participant or beneficiary of the Plan shall have the right as a beneficiary of the Trust to enforce any provision of this Trust Agreement that affects the right, title and interest of such Trust Beneficiary participant or beneficiary, if any, in the Trust. In any action or proceedings affecting the Trust, Trust the only necessary parties shall be the EmployerCompany, the Trustee and participants and beneficiaries of the Trust Beneficiaries Plan and, except as otherwise required by applicable law, no other person shall be entitled to any notice otice or service of process. Any judgment judgement entered in such an action or proceedings shall, proceeding shall to the maximum extent permitted by applicable law, law be binding and conclusive on all persons having or claiming to have any interest in the Trust.

Appears in 1 contract

Samples: Trust Agreement (Minolta QMS Inc)

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Enforcement of Trust Agreement and Legal Proceedings. The Employer Company shall have the right to enforce any provision of this Trust Agreement, and any Trust Beneficiary beneficiary shall have the right as a beneficiary of the Trust to enforce any provision of this Trust Agreement that affects the right, title and interest of such Trust Beneficiary beneficiary in the Trust. In any action or proceedings affecting the Trust, the only necessary parties shall be the EmployerCompany, the Trustee and the Trust Beneficiaries Plan Participants or their beneficiaries and, except as otherwise required by applicable law, no other person shall be entitled to any notice or service of process. Any judgment entered in such an action or proceedings shall, proceeding shall to the maximum extent permitted by applicable law, law be binding and conclusive on all persons having or claiming to have any interest in the Trust.

Appears in 1 contract

Samples: Input Output Inc

Enforcement of Trust Agreement and Legal Proceedings. The Each Employer shall have the right to enforce any provision of this Trust Agreement, and any Trust Beneficiary shall have the right as a beneficiary of the Trust to enforce any provision of this Trust Agreement that affects the right, title and interest of such Trust Beneficiary in the Trust. In any action or proceedings affecting the Trust, the only necessary parties shall be the EmployerEmployers, the Trustee and the Trust Beneficiaries and, except as otherwise required by applicable law, no other person shall be entitled to any notice or service of process. Any judgment entered in such an action or proceedings shall, to the maximum extent permitted by applicable law, be binding and conclusive on all persons having or claiming to have any interest in the Trust.

Appears in 1 contract

Samples: Trust Agreement (SCP Pool Corp)

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