Common use of Inquiry as to Authority Clause in Contracts

Inquiry as to Authority. A third party dealing with the Trustee shall not be required to make inquiry as to the authority of the Trustee to take any action nor be under any obligation to follow the proper application by the Trustee of the proceeds of sale of any property sold by the Trustee or to inquire into the validity or propriety of any act of the Trustee.

Appears in 7 contracts

Samples: Benefit Equity Trust Agreement (Beckman Coulter Inc), Trust Agreement (Beckman Instruments Inc), Trust Agreement (Vencor Inc)

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Inquiry as to Authority. A third party dealing with the Trustee shall not be required to make inquiry as to the authority of the Trustee to take any action nor or be under any obligation to follow the proper application by the Trustee of the proceeds of sale of any property sold by the Trustee or to inquire into the validity or propriety of any act of the Trustee.

Appears in 2 contracts

Samples: Truist Financial Corporation Non Qualified Deferred Compensation Trust (Truist Financial Corp), Non Qualified (Bb&t Corp)

Inquiry as to Authority. A third party dealing with the Trustee ----------------------- shall not be required to make inquiry as to the authority of the Trustee to take any action nor be under any obligation to follow the proper application by the Trustee of the proceeds of sale of any property sold by the Trustee or to inquire into the validity or propriety of any act of the Trustee.

Appears in 1 contract

Samples: Trust Agreement (Consolidated Natural Gas Co)

Inquiry as to Authority. A third party dealing with the Trustee shall not be required to make inquiry as to the authority of the Trustee trustee to take any action nor be under any obligation obligations to follow the proper application by the Trustee of the proceeds of sale of any property sold by the Trustee or to inquire into the validity or propriety of any act of the Trustee.

Appears in 1 contract

Samples: Trust Agreement (Beckman Instruments Inc)

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Inquiry as to Authority. A third party dealing with the Trustee shall not be required to make inquiry as to the authority of the Trustee to take any action nor be under any obligation to follow the proper application by the Trustee of the 27 proceeds of sale of any property sold by the Trustee or to inquire into the validity or propriety of any act of the Trustee.

Appears in 1 contract

Samples: Trust Agreement (Kaufman & Broad Home Corp)

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