Governance of Tort Claims Trust Sample Clauses

Governance of Tort Claims Trust. The Tort Claims Trust shall be administered by the Tort Claims Trustee as further provided herein. The Tort Claims Trustee’s powers are exercisable solely in a fiduciary capacity, subject to the limitations set forth in Section 5.4 below, consistent with, and in furtherance of, the purposes of this Tort Claims Trust Agreement and not otherwise. Subject to the terms and conditions of this Tort Claims Trust Agreement and the Tort Claims Trust Distribution Procedures, the Tort Claims Trustee may delegate responsibility for discrete issues or decisions to one or more third parties subject to continued oversight by the Tort Claims Trustee.
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