Common use of Mistake Clause in Contracts

Mistake. No mistake made in good faith and in the exercise of due care in connection with the administration of the Master Fund shall be deemed to be a breach of the Trustee's duties if, promptly after discovery of the mistake, the Trustee takes whatever action may be practicable in the circumstances to remedy the mistake.

Appears in 2 contracts

Samples: Trust Agreement (Bp Amoco PLC), Trust Agreement (Omnicom Group Inc)

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Mistake. No mistake made in good faith and in the exercise of due care in connection with the administration of the Master Retirement Fund shall be deemed to be a breach of the Trustee's duties if, promptly after discovery of the mistake, the Trustee takes whatever action may be practicable in the circumstances to remedy the mistake.

Appears in 1 contract

Samples: Trust Agreement (FMC Corp)

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Mistake. No mistake made in good faith and in the exercise of due care in connection with the administration of the Master Fund Trust or any of its respective Funds shall be deemed to be a breach of the Trustee's duties if, promptly after discovery of the mistake, the Trustee takes whatever action may be practicable in the circumstances to remedy the mistake.

Appears in 1 contract

Samples: Trust Agreement (Chapman Capital Holdings Inc)

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