Common use of Powers and Discretions Clause in Contracts

Powers and Discretions. The Agent shall have all the powers and discretions conferred upon trustees by the Trustee ▇▇▇ ▇▇▇▇ (to the extent not inconsistent herewith) and by way of supplement it is expressly declared as follows:

Appears in 6 contracts

Sources: Letter of Credit Facility and Reimbursement Agreement (Xl Capital LTD), Letter of Credit Facility and Reimbursement Agreement (Xl Capital LTD), Letter of Credit Facility and Reimbursement Agreement (Xl Capital LTD)