Common use of Extension of Obligations and Negotiation of Claims Clause in Contracts

Extension of Obligations and Negotiation of Claims. Subject to the limitations contained in Section 4.3 and 4.4 hereof, to renew or extend the time of payment of any obligation, secured or unsecured, payable to or by any Trust, for as long a period or periods of time and on such terms as it shall determine; and to adjust, settle, compromise and arbitrate claims or demands in favor of or against any Trust, including claims for taxes, upon such terms as it deems advisable.

Appears in 2 contracts

Samples: Tax Qualified Trust Agreement, Tax Qualified Trust Agreement

AutoNDA by SimpleDocs

Extension of Obligations and Negotiation of Claims. Subject to the limitations contained in Section Sections 4.3 (regarding prohibited investments) and 4.4 hereof(regarding self-dealing), to renew or extend the time of payment of any obligation, secured or unsecuredunse cured, payable to or by any this Trust, for as long a period or periods per~i ods of time and on such terms as it they shall determine; and to adjust, settle, compromise compromise, and arbitrate claims or demands in favor of or against any this Trust, including claims for taxes, upon such terms as it deems they deem advisable.

Appears in 1 contract

Samples: Trust Agreement

AutoNDA by SimpleDocs

Extension of Obligations and Negotiation of Claims. Subject to the limitations contained in Section Sections 4.3 (regarding prohibited investments) and 4.4 hereof(regarding self-dealing), to renew or extend the time of payment of any obligation, secured or unsecuredunse cured, payable to or by any this Trust, for as long a period or periods peri ods of time and on such terms as it they shall determine; and to adjust, settle, compromise compromise, and arbitrate claims or demands in favor of or against any this Trust, including claims for taxes, upon such terms as it deems they deem advisable.

Appears in 1 contract

Samples: Trust Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!