Common use of Power to do any Necessary Act Clause in Contracts

Power to do any Necessary Act. Generally take all action, whether or not expressly authorized, which the Trustee may deem necessary or desirable, acting reasonably, for the fulfillment of its duties hereunder. Without limiting the generality of the foregoing, this may include seeking, in accordance with the Applicable Laws, the advice and direction of a court of competent jurisdiction with respect to any matter concerning the PRT.

Power to do any Necessary Act. Generally take all action, whether or not expressly authorized, which the Trustee may deem necessary or desirable, acting reasonablyin accordance with the Standard of Care, for the fulfillment of its duties hereunder. Without limiting the generality of the foregoing, this may include seeking, in accordance with the Applicable Laws, the advice and direction of a court of competent jurisdiction with respect to any matter concerning the PRT.