Other Activities of Trust Administrator and the Depositor Sample Clauses
This clause defines the rights and limitations regarding the involvement of the Trust Administrator and the Depositor in activities outside their roles within the trust. It typically clarifies that these parties are permitted to engage in other business ventures or fiduciary responsibilities, provided such activities do not conflict with their obligations to the trust. By establishing these boundaries, the clause ensures that the Trust Administrator and Depositor can participate in unrelated business without breaching their duties, thereby preventing conflicts of interest and maintaining the integrity of trust administration.
Other Activities of Trust Administrator and the Depositor. Nothing herein shall prevent the Trust Administrator, the Depositor or their respective Affiliates from engaging in other businesses or, in its sole discretion, from acting in a similar capacity as an Trust Administrator for any other person or entity even though such person or entity may engage in business activities similar to those of the Issuer or the Owner Trustee.