Persons Dealing with Trustee. No Person dealing with the Trustee or any of its agents shall be concerned to enquire whether an Event of Default has occurred, or whether the powers which the Trustee is purporting to exercise have become exercisable, or whether any moneys remain due under this Indenture or on the Debentures, or to see to the application of any moneys paid to the Trustee; and in the absence of fraud on the part of such Person, such dealing shall be deemed to be within the powers hereby conferred and to be valid and effective accordingly.
Persons Dealing with Trustee. No person ---------------------------- dealing with the Trustee shall be required to see to the application of any money paid or property delivered to the Trustee or to determine whether or not the Trustee is acting pursuant to any authority granted under this Trust Agreement.
Persons Dealing with Trustee. No person dealing with the Trustee shall be bound to see to the application of any money or property paid or delivered to the Trustee or to inquire into the validity or propriety of any transactions.
Persons Dealing with Trustee. No person dealing with the Trustee or its agent shall be concerned to enquire whether the Security Interest has become enforceable, or whether the powers which the Trustee is purporting to exercise have become exercisable, or whether any money remains due upon the security of these presents or the Debentures, or as to the necessity or expediency of the stipulations and conditions subject to which any sale shall be made, or otherwise as to the propriety or regularity of any sale or of any other dealing by the Trustee with the Collateral, or to see to the application of any money paid to the Trustee.
Persons Dealing with Trustee. No person dealing with the Trustee shall be required to see to the application of any money paid or property delivered to the Trustee, or to determine whether or not the Trustee is acting pursuant to any authority granted to it under the Trust or the Plan.
Persons Dealing with Trustee. 46 7.10 Trustee Appointed Attorney..........................................46 7.11
Persons Dealing with Trustee. No person dealing with the Trustee shall be obligated to ensure the proper application of any money paid or property delivered to the Trustee, nor shall any such person be required to recognize any limitations or restrictions in the provisions of the agreement, question the authority of the Trustee to receive and receipt any money becoming due and payable to the Trustee or inquire whether the Trustee has obtained the direction or approval of the Employer, the Plan Administrator, or the Authorized Person to a proposed action. Any person dealing with the Trustee may accept the certification of the Trustee as conclusive evidence of any matter or question relating to the Trust Agreement or the administration of the Trust Fund.
Persons Dealing with Trustee. No person who deals with the Trustee, EXCEPT the Beneficiaries and the Holder of the Power of Direction, shall be required to seek or have the privilege of seeking information about: (A) this Agreement, or (B) the expediency of any act of the Trustee. 15. Agreement with respect to the right to change all or a part of this Agreement. The provisions of this Agreement may be revoked, amended or modified only by a written agreement signed by ALL of the Beneficiaries or such Beneficiaries' attorney-in-fact, the Trustee, the then-Holder of the -14- The Trustee, if so directed by the Holder of the Power of Direction, shall amend or change all or a part of this Agreement at any time and from time to time to conform this Agreement to the requirements of the laws of the State of Hawaii and the United States of America and as may be required by any lender/mortgagee for the development and/or acquisition of the Trust Property. The Trustee shall give each Beneficiary written notice of such change at least sixty (60) days before making the change. 16.
Persons Dealing with Trustee. All persons dealing with the Trustee are released from inquiring into the decisions and authorities of the Trustee and from seeing to the application of any funds paid to the Trustee. The Trustee shall be protected in acting upon any instruments, certificates, or papers it believes to be genuine and shall not be liable in any event for mistakes of judgment or for the exercise of discretion when acting in good faith.
Persons Dealing with Trustee. No person who deals with the Trustee, EXCEPT the Beneficiaries and the Holder of the Power of Direction, shall be required to seek or have the privilege of seeking information about: (A) this Agreement, or (B) the expediency of any act of the Trustee.
