Common use of POWERS AND DUTIES OF THE DIRECTORS Clause in Contracts

POWERS AND DUTIES OF THE DIRECTORS. To accomplish the purposes of the Trust, and subject to the provisions and limitations otherwise provided in this Trust Indenture, the Directors shall have all powers necessary or convenient to carry out the purposes of the Trust and, in addition to the usual powers incident to their office and the powers granted to them in other parts of this Trust Indenture, the following rights, power, duties, authority, discretion, and privileges, all of which may be exercised by them without any order or authority from any court:

Appears in 5 contracts

Samples: Trust Agreement and Indenture, Trust Agreement and Indenture, Trust Agreement and Indenture

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