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 including, without limitation, any other trustee for the PRT. The 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: Brunswick Pipeline Reclamation Trust Agreement, Cochin Pipeline Reclamation 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 person including, without limitation, any other trustee for the PRTperson. The Primary Beneficiary 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 2 contracts
Samples: Pipeline Reclamation Trust Agreement, Utopia Pipeline Reclamation 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 person including, without limitation, any other trustee or funding agent for the PRTArrangement. The Primary Beneficiary 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
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 including, without limitation, any other trustee for the PRT. The Primary Beneficiary 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
