Limitation on Power of Attorney. The Power of Attorney concurrently granted by each Limited Owner to the Managing Owner shall not authorize the Managing Owner to act on behalf of Limited Owners in any situation in which this Trust Agreement requires the approval of Limited Owners unless such approval has been obtained as required by this Trust Agreement. In the event of any conflict between this Trust Agreement and any instruments filed by the Managing Owner or any new Managing Owner pursuant to this Power of Attorney, this Trust Agreement shall control.
Appears in 12 contracts
Samples: Trust Agreement, Declaration of Trust and Trust Agreement (World Monitor Trust Series B), Trust Agreement (Brookshire Raw Materials (U.S.) Trust)
Limitation on Power of Attorney. The Power of Attorney concurrently granted by each Limited Owner Shareholder to the Managing Owner Manager shall not authorize the Managing Owner Manager to act on the Shareholder’s behalf of Limited Owners in any situation in which this Trust Agreement requires the approval of Limited Owners Shareholders unless such approval has been obtained as required by this Trust Agreement. In the event of any conflict between this Trust Agreement and any instruments filed by the Managing Owner Manager or any new Managing Owner Manager pursuant to this Power of Attorney, this Trust Agreement shall control.
Appears in 8 contracts
Samples: Trust Agreement (Nuveen Long/Short Commodity Total Return Fund), Trust Agreement (Nuveen Diversified Commodity Fund), Trust Agreement (Nuveen Long/Short Commodity Total Return Fund)
Limitation on Power of Attorney. The Power of Attorney concurrently granted by each the Limited Owner to the Managing Owner shall not authorize the Managing Owner to act on behalf of the Limited Owners Owner in any situation in which this Trust Agreement requires the approval of the Limited Owners Owner unless such approval has been obtained as required by this Trust Agreement. In the event of any conflict between this Trust Agreement and any instruments filed by the Managing Owner or any new Managing Owner pursuant to this Power of Attorney, this Trust Agreement shall control.
Appears in 1 contract
Samples: Trust Agreement (GreenHaven Continuous Commodity Index Fund)
Limitation on Power of Attorney. The Power of Attorney concurrently granted by each Limited Owner to the Managing Owner shall not authorize the Managing Owner to act on behalf of Limited Owners in any situation in which this Trust Agreement requires the approval of Limited Owners unless such approval has been obtained as required by this Trust Agreement. In the event of any conflict between this Trust Agreement and any instruments filed by the Managing Owner or any new administrative Managing Owner pursuant to this Power of Attorney, this Trust Agreement shall control.
Appears in 1 contract
Samples: Declaration of Trust and Trust Agreement (Diversified Futures Trust I)
