Manager’s Discretion on Investment Decisions Sample Clauses

Manager’s Discretion on Investment Decisions. Subject to the provisions of this Deed and the REIT Code, the Manager alone and to the exclusion of the Trustee shall be vested with the power of discretionary investment management of the Deposited Property and shall have absolute discretion to determine (and it shall be the duty of the Manager to instruct the Trustee) the manner in which any Cash or other assets forming part of the Deposited Property should be invested and what purchases, sales, transfers, exchanges, collections, realisations or alterations of Investments should be effected (and when and how the same should be effected) and to give to the Trustee all directions necessary or which the Trustee may desire in relation to those matters. Subject to the provisions of this Deed, the Trustee shall act on and give effect to all such instructions as aforesaid by the Manager as are communicated in writing by the Manager in accordance with the provisions of this Clause 10.8 to the Trustee, which instructions shall not conflict with the REIT Code, this Deed or any applicable law.
Sample 1
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Manager’s Discretion on Investment Decisions. 10.9.1 Subject to the provisions of this Deed, the Manager alone shall have absolute discretion to determine, and it shall be the duty of the Manager to recommend or propose to the Trustee, the manner in which any Cash forming part of the Deposited Property should be invested and what purchases, sales, transfers, exchanges, collections, realisations or alterations of Investments should be effected and when and how the same should be effected and to give to the Trustee all directions which the Trustee may desire in relation to those matters, and subject as aforesaid, it shall be the role of the Trustee to give effect to all such recommendations and proposals by the Manager as are communicated in writing by the Manager to the Trustee in accordance with the succeeding provisions of this Clause 10.
Sample 1

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