Common use of Persons Dealing with Trustee Clause in Contracts

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.

Appears in 4 contracts

Sources: 401(k) and Profit Sharing Plan Agreement (Earthlink Inc), 401(k) and Profit Sharing Plan Agreement (American Science & Engineering Inc), 401(k) and Profit Sharing Plan Agreement (Ico Inc)

Persons Dealing with Trustee. No person dealing with the Trustee shall be bound required to see to the application of any money paid or property paid or delivered to the Trustee or to inquire into determine whether or not the validity or propriety of Trustee is acting pursuant to any transactionsauthority granted under this Agreement.

Appears in 1 contract

Sources: Trust Agreement (Carter Holdings Inc)