Common use of Limitation of the Trustee’s Authority Clause in Contracts

Limitation of the Trustee’s Authority. The Trustee is not authorized to engage in any trade or business with respect to the Trust Assets or proceeds therefrom.

Appears in 7 contracts

Samples: Environmental Mitigation Trust Agreement, Environmental Mitigation Trust Agreement, Environmental Mitigation Trust Agreement

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Limitation of the Trustee’s Authority. The Trustee is not authorized to engage in any trade or business with respect to the Trust Assets or proceeds therefrom. The foregoing limitation shall not prevent the Trustee from managing the investment of the Trust Assets in accordance with the Trust Documents.

Appears in 1 contract

Samples: Trust Agreement

Limitation of the Trustee’s Authority. The Trustee is not authorized to engage in any trade or business with respect to the Trust Assets or proceeds therefrom.. The

Appears in 1 contract

Samples: Trust Agreement

Limitation of the Trustee’s Authority. The Trustee is Trustees are not authorized to engage in any trade or business with respect to the Trust Assets or proceeds therefrom.. The

Appears in 1 contract

Samples: Trust Agreement

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Limitation of the Trustee’s Authority. The Trustee is Trustees are not authorized to engage in any trade or business with respect to the Trust Assets or proceeds therefrom. The foregoing limitation shall not prevent the Trustees from managing the investment of the Trust Assets.

Appears in 1 contract

Samples: Trust Agreement

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