GENERAL DUTIES OF TRUSTEE. 11.1 The Trustee shall discharge its duties under this Agreement solely in the interest of the Participants and their beneficiaries and (a) for the exclusive purpose of providing benefits to such Participants and their beneficiaries and defraying reasonable expenses of administering this Trust; and (b) with the care, skill, prudence and diligence under the circumstances then prevailing that a prudent person acting in a like capacity and familiar with such matters would use in the conduct of an enterprise of a like character and with like aims.
GENERAL DUTIES OF TRUSTEE. The Trustee shall discharge its duties hereunder with the care, skill, prudence, and diligence under the circumstances then prevailing that a prudent man acting in a like capacity and familiar with such matters would use in the conduct of an enterprise of a like character and with like aims. The Trustee shall not be liable for any loss sustained by the Trust Fund by reason of the purchase, retention, sale or exchange of any investment in good faith and in accordance with the provisions of this Agreement and any applicable law. The Trustee's duties and obligations shall be limited to those expressly imposed upon it by this Agreement notwithstanding any reference herein to the Plan.
GENERAL DUTIES OF TRUSTEE. In addition to the specific powers and duties of the Trustee set forth in Articles III, IV, V and VI, the Trustee shall have the following duties:
GENERAL DUTIES OF TRUSTEE. In addition to all its other duties and responsibilities under this Article IX and other provisions of this Agreement, the Trustee shall -
GENERAL DUTIES OF TRUSTEE. The Trustee shall hold all property received by it hereunder, which, together with the income and gains therefrom and additions thereto, shall constitute the Trust Fund. The Trustee shall manage, invest and reinvest the Trust Fund, collect the income thereof, and make payments therefrom, all as hereinafter provided. The Trustee shall be responsible only for the property actually received by it hereunder. It shall have no duty to administer the Plan, to compute any amount to be paid to it by the Employer or any Participant, or to bring any action or proceeding to enforce the collection from the Employer of any contribution to the Trust Fund.
GENERAL DUTIES OF TRUSTEE. (a) The Trustee shall receive, hold, manage, invest and reinvest the Trust Fund pursuant to the provisions of this Section and Section 4 in accordance with the directions of the Employer. The Trustee shall take no action except pursuant to directions received by it from the Employer, and shall have no duty to determine any facts or the propriety of any action taken or omitted by it in good faith pursuant to instructions from such persons.
GENERAL DUTIES OF TRUSTEE. A. The Trustee shall hold, manage, invest, and reinvest the Trust Fund through duly appointed and retained fiduciary agents as described herein. The Trustee does not guarantee the solvency of the Trust Fund.
GENERAL DUTIES OF TRUSTEE. The Trustee shall hold all payments and property received by it hereunder, together with the income and gains therefrom and additions thereto (the "Trust Fund"). Unless otherwise directed by the Company, the Trustee shall invest any cash at its discretion in any marketable short and medium term fixed income securities, United States Treasury Bills, other short and medium term government obligations, commercial paper or money market instru- 63 ments ("Short-Term Investments"), or may maintain cash balances consistent with the liquidity needs of the Trust as determined by the Trustee. The Trustee shall manage, invest and reinvest the Trust Fund, collect the income thereon, and make distributions therefrom, all as hereinafter provided. The Trustee shall be responsible only for the property actually received by it hereunder and not for any amount which the Company is required to contribute to the Trust Fund hereunder. The Trustee shall have no duty or authority to compute any amount to be contributed to the Trust Fund or to bring any action or proceeding to enforce the collection of any contribution required to be made to the Trust Fund. The rights, duties and obligations of the Trustee hereunder shall be solely as set forth herein, without regard to the terms of any of the Agreements or any other document which is not part of this Agreement.
GENERAL DUTIES OF TRUSTEE. (a) The duties and responsibilities of the Trustee shall be as provided by the Trust Indenture Act and as set forth herein. Notwithstanding the foregoing, no provision of this Indenture shall require the Trustee to expend or risk its own funds or otherwise incur any financial liability in the performance of any of its duties hereunder, or in the exercise of any of its rights or powers, unless it receives indemnity satisfactory to it against any loss, liability or expense. Whether or not therein expressly so provided, every provision of this Indenture relating to the conduct or affecting the liability of or affording protection to the Trustee shall be subject to the provisions of this Article 7.
GENERAL DUTIES OF TRUSTEE. 10.1 Subject to Article 16 the Trustee shall discharge its duties under this Trust Agreement solely in the interest of the Participants in the Plans and (a) for the exclusive purpose of providing benefits to such Participants, safeguarding the assets of the Trust and defraying reasonable expenses of administering the Trust, and (b) with the care, skill, prudence and diligence under the circumstances then prevailing that a prudent person acting in a like capacity and familiar with such matters would use in the conduct of an enterprise of a like character and with like aims.
