Common use of POWER AND AUTHORITY OF TRUSTEES Clause in Contracts

POWER AND AUTHORITY OF TRUSTEES. The Trustee, subject only to the specific limitations contained in this Trust Agreement, shall have, without further or other authorization and free from any power or control on the part of the Holders, full absolute and exclusive power, control and authority over the Trust Estate and over the affairs of the Trust to the extent as if the Trustee was the sole owner thereof in its own right, and to do all such acts and things as in its sole judgment and discretion are necessary or do all such acts and things as in its sole judgment and discretion are necessary or incidental to, or desirable for, the carrying out of any of the purposes of the Trust. Any determination made in good faith by the Trustee of the purposes of the Trust or the existence of any power or authority thereunder shall be conclusive. In construing the provisions of this Trust Agreement, presumption shall be in favor of the grant of powers and authority to the Trustee. The enumeration of any specific power or authority herein shall not be construed as limiting the general powers or authority or any other specified power conferred herein upon the Trustee. The Trustee shall not at any time on behalf of the Trust, the Trust Estate, or the Holders enter into or engage in any business.