Non-Fund Assets. The duties of the Trustee shall be limited to the Property held in the Trust Fund, and the Trustee shall have no duties or obligations with respect to Property held by any other person. The Company hereby acknowledges that the Trustee shall not serve as, and shall not be deemed to be, a co-trustee under any circumstances.
Appears in 6 contracts
Samples: Trust Agreement, Trust Agreement, Trust Agreement
Non-Fund Assets. The duties of the Trustee shall be limited to the Property held in the Trust Fund, and the Trustee shall have no duties or obligations with respect to Property held by any other personperson including, without limitation, any other trustee for the PRT. The Company Primary Beneficiary hereby acknowledges that the Trustee shall not serve as, and shall not be deemed to be, a co-trustee under any circumstances.
Appears in 2 contracts
Samples: Trust Agreement, Trust Agreement
Non-Fund Assets. The duties of the Trustee shall be limited to the Property assets held in the Trust Fund, and the Trustee shall have no duties or obligations with respect to Property assets held by any other personperson including, without limitation, any other trustee for the Plan. The Company hereby acknowledges agrees that the Trustee shall not serve as, and shall not be deemed to be, a co-trustee under the circumstances, and shall have no co-fiduciary liability for any circumstances.other person or trustee. SECTION 6 - COMPENSATION, EXPENSES, TAXES, INDEMNIFICATION
Appears in 1 contract
Non-Fund Assets. The duties of the Trustee shall be limited to the Property held in the Trust Fund, and the Trustee shall have no duties or obligations with respect to Property held by any other personperson including, without limitation, any other trustee for the PRT. The Company hereby acknowledges that the Trustee shall not serve as, and shall not be deemed to be, a co-trustee under any circumstances.
Appears in 1 contract
Samples: Trust Agreement
Non-Fund Assets. The duties of the Trustee shall be limited to the Property held in the Trust Fund, and the Trustee shall have no duties or obligations with respect to Property property held by any other personperson including, without limitation, any other trustee or funding agent for the Arrangement. The Company Administrator hereby acknowledges agrees that the Trustee shall not serve as, and shall not be deemed to be, a co-trustee under any circumstances.
Appears in 1 contract
Samples: Retirement Compensation Arrangement Trust Agreement (AbitibiBowater Inc.)