Other Powers of Trustee Sample Clauses

Other Powers of Trustee. In addition to the above-enumerated powers and whether or not the Employer has retained investment authority, the Trustee in any and all events is authorized and empowered: (a) To invest funds pending required directions in any type of interest-bearing account including without limitation, time certificates of deposit or interest-bearing accounts issued by Union Bank of California. (b) To cause all or any part of the Trust Fund to be held in the name of the Trustee (which in such instance need not disclose its fiduciary capacity) or, as permitted by law, in the name of any nominee, and to acquire for the Trust Fund any investment in bearer form; but the books and records of the Trust shall at all times show that all such investments are a part of the Trust Fund and the Trustee shall hold evidences of title to all such investments. (c) To serve as sole custodian with respect to the Trust assets, provided Union Bank of California is the sole Trustee. If not, the terms of the Custodial Agreement between Union Bank of California and the Trustee shall govern. (d) To employ such agents and counsel as may be reasonably necessary in managing and protecting the Trust assets and to pay them reasonable compensation; to employ any broker-dealer, including any broker-dealer affiliated with Union Bank of California, and pay to such broker-dealer at the expense of the Trust its standard commissions; to settle, compromise or abandon all claims and demands in favor of or against the Employer's Trust Fund; and to charge any premium on bonds purchased at par value to the principal of the Employer's Trust Fund without amortization from the Employer's Trust Fund, regardless of any law relating thereto. (e) In addition to the powers listed herein, to do all other acts necessary or desirable for the proper administration of the Trust Fund, as though the absolute owner thereof. (f) To abandon, compromise, contest, arbitrate or settle claims or demands; to prosecute, compromise and defend lawsuits, but without obligation to do so; all at the risk and expense of the Trust Fund. (g) To exercise and perform any and all of the other powers and duties specified in this Trust Agreement or the Plan. (h) To permit such inspections of documents at the principal office of the Trustee as are required by law. (i) To comply with all requirements imposed by ERISA or other applicable provisions of law. (j) As directed by the Administrator: (i) To cause the benefits provided under the Plan to be ...

Other Powers of Trustee. The Trustee may generally, in addition to all of the particular powers elsewhere herein conferred upon it, do all things for the preservation and enhancement of the trust estate that it may deem necessary, desirable or appropriate to do. The Trustee may act under this Agreement without prior notice to any person and without the authority or approval of any court. Wherever in any provision of this Agreement conferring power or authority upon the Trustee, "and" or "or" is used in any series of words, phrases or clauses, it shall be construed as both conjunctive and disjunctive, the context permitting. All powers of the Trustee shall be continuing ones; none shall be exhausted by the exercise or repeated exercises thereof; and a power once exercised may be exercised in a different way and with a different or inconsistent result upon any subsequent exercise thereof. PARA7.

Other Powers of Trustee. In addition to the explicit powers and discretions granted to or vested in the Trustee by this Trust Agreement, Trustee shall have the additional powers and discretions, to be exercised only in a fiduciary capacity and in the interest of the Settlors, to do all acts, institute all proceedings, and exercise all rights and privileges in the management of the Trust as if the absolute owner of it, that Trustee may deem necessary or proper for the conservation and protection of the Stock until the termination of this Trust Agreement.

Other Powers of Trustee. In extension, but not in limitation of the rights, powers and discretions conferred upon the Trustee herein, the Trustee shall have and may exercise from time to time in the management and custody of the assets of the Fund and, for the purpose of distribution after the termination thereof, and, for the purpose of distribution of Participant's Accounts, without order or license of any court, any one or more or all of the following rights, powers and discretions: (a) To invest and reinvest the assets of the Fund with the care, skill, prudence and diligence under the circumstances then prevailing that a prudent man acting in a like capacity and familiar with such matters would use in the conduct of an enterprise of like character and the like aims (and to the extent possible consistently with the most recent funding policy method adopted by the Employer and communicated to the Trustee) without limitation by any statute, rule or law, or regulation of any governmental body prescribing or limiting the investment of trust assets by corporate or individual Trustees, in or to certain kinds, types, or classes of investments or prescribing the portion of the Fund which may be invested in any one property or kind, type, or class of investment. Specifically and without limiting the generality of the foregoing, the Trustee may invest and reinvest principal and accumulated income of the Fund in preferred and common stocks of any kind or class of any corporation, including but not limited to investment and small business investment companies of all types; voting trust certificates; interest in investment trusts; shares of mutual funds; interest in a common trust; variable demand note or other type of pooled or collective fund operated by the Trustee; bonds, notes and debentures, secured or unsecured; mortgages on real or personal property; covered call options; deposits in a commercial or savings bank or a savings and loan association including savings accounts or time deposits in the Trustee if the Trustee (or a Co-Trustee) is a bank or other Financial Institution; conditional sales contracts; real estate and leases. The Plan may acquire and hold up to 10% (or, in the case of a Nonstandard Profit Sharing Plan, the percentage chosen by the Employer on the Adoption Agreement) of the market value of its assets in securities issued by an Employer. Investment of the entire Fund in common stocks shall be deemed appropriate at any phase of the economic business cycle, but is no...