Common use of Execution of Documents by Manager Clause in Contracts

Execution of Documents by Manager. Any approval, consent, direction, order or request required or permitted by this Master Trust Agreement to be given or made by the Manager, including but not limited to the signing of any Prospectus or like offering document of a Fund, shall (except where otherwise expressly provided herein) be sufficiently given or made if expressed in writing signed in the name of the Manager by its duly authorized representative designated from time to time in writing. If at any time, the Manager shall fail to give or make any such approval, consent, direction, order or request as required by this Master Trust Agreement and no express provision is made for the action to be taken by the Trustee in such event, the Trustee may act herein without any such approval, consent, direction, order or request, in its own discretion.