Interpretation of Trust Agreement. In the event that the Trustee is uncertain as to the application of any provision of this Trust Agreement or any other agreement relating to the transactions contemplated hereby, or such provision is ambiguous as to its application or is, or appears to be, in conflict with any other applicable provision hereof, or in the event that this Trust Agreement permits any determination by the Trustee or is silent or incomplete as to the course of action which the Trustee is required to take with respect to a particular set of facts, the Trustee may seek instructions from the Depositor and shall not be liable to any Person to the extent that it acts in good faith in accordance with the instructions of the Depositor; provided, that if the Trustee shall not have received written instructions from the Depositor pursuant to its request within 10 days after the date of such request (or within such shorter period as may be requested and required under the circumstances), until instructed otherwise by the Depositor, the Trustee may, but shall be under no duty to, take or refrain from taking such action as it shall deem advisable in the best interests of the Depositor and/or the Trustee.
Interpretation of Trust Agreement. In the event that the Owner Trustee is uncertain as to the application of any provision of this Trust Agreement, or such provision is ambiguous as to its application or is, or appears to be, in conflict with any other applicable provision hereof, or in the event that this Trust Agreement permits any determination by the Owner Trustee or is silent or incomplete as to the course of action which the Owner Trustee is required to take with respect to a particular set of facts, the Owner Trustee may seek instructions from the applicable Lessees and shall not be liable to any Person to the extent that its acts in good faith in accordance with the instructions of such Lessees.
Interpretation of Trust Agreement. If the Owner Trustee is uncertain as to the application of any provision of this Agreement, or such provision is ambiguous as to its application or is, or appears to be, in conflict with any other applicable provision hereof, or if this Agreement permits any determination by the Owner Trustee or is silent or incomplete as to the course of action which the Owner Trustee is required to take with respect to a particular set of facts, the Owner Trustee may seek instructions from the Owner Participant and shall not be liable to any Person to the extent that it acts in good faith in accordance with the instructions of the Owner Participant.
Interpretation of Trust Agreement. In the event that the Owner Trustee is uncertain as to the application of any provision of this Agreement or any other agreement relating to the transactions contemplated hereby, or such provision is ambiguous as to its application or is, or appears to be, in conflict with any other applicable provision hereof or any other agreement relating to the transactions contemplated hereby, or in the event that this Agreement or any other agreement relating to the transactions contemplated hereby permits any determination by the Owner Trustee or is silent or incomplete as to the course of action which the Owner Trustee is required to take with respect to a particular set of facts, the Owner Trustee may seek instructions from the Certificateholders and shall not be liable to any person to the extent that it acts in good faith in accordance with the instructions of the Certificateholders.
Interpretation of Trust Agreement. 12 7.8 Compensation . . . . . . . . . . . . . . . . . . 12 7.9 Books, Records and Tax Returns . . . . . . . . . 12 7.10 Effect of Sales by a Company . . . . . . . . . . 13 7.11
Interpretation of Trust Agreement. The Trust is established for ---------------------------------- the exclusive benefit of the eligible Employees and their Beneficiaries and, so far as possible, this Agreement shall be interpreted in a manner consistent with this intent, with the purposes expressed in Section 1.01, and with the intent of the Company that the Trust established hereunder shall satisfy those provisions of the Code and ERISA.
Interpretation of Trust Agreement. The Trust is established for the exclusive benefit of Eligible Employees and their Beneficiaries. So far as possible, this Agreement shall be interpreted in a manner consistent with this intent and with the intent of the Company that the Trust established hereunder shall continue to be a profit sharing plan and to satisfy those provisions of the Employee Retirement Income Security Act of 1974 ("ERISA") and of the Internal Revenue Code of 1986 (the "Code") relating to exempt employees' trusts, as either of them may from time to time be amended. Except as otherwise provided in Section 4.04 hereof, under no circumstances shall any property, whether corpus or income of the Trust hereunder, or any funds contributed to the Trust, ever revert to or be used or enjoyed by the Company or be used for any purpose other than for the exclusive benefit of the eligible Employees or their Beneficiaries.
Interpretation of Trust Agreement. The Trustees will have full power and authority to construe the provisions of this Trust Agreement. Any such construction of this Trust Agreement shall be binding upon all parties hereto.
Interpretation of Trust Agreement. The Trust is established for the exclusive benefit of the eligible Employees and their Beneficiaries. So far as possible, this Agreement shall be interpreted in a manner consistent with this intent and with the intent of the Company that the Trust established hereunder shall continue to satisfy those
Interpretation of Trust Agreement. The Trust has been stablished and is continued for the purpose of providing retirement and other benefits to the Employees of the Company in the form of deferred stock bonuses and is established for the exclusive benefit of the eligible Employees and their Beneficiaries. The Plan is hereby designated as an employee stock ownership plan within the meaning of Section 407(d)(6) of the Employee Retirement Income Security Act of 1974, as amended ("ERISA") and Section 4975(e)(7) of the Internal Revenue Code of 1986, as amended (the "Code") and as such is designed to invest primarily in qualified employer securities. So far as possible, this Agreement shall be interpreted in a manner consistent with these purposes and with the intent of the Company that the Trust established hereunder shall satisfy those provisions of the Code and ERISA relating to exempt employees' trusts.
