POWERS, DUTIES AND RESPONSIBILITIES OF THE TRUSTEES Sample Clauses

POWERS, DUTIES AND RESPONSIBILITIES OF THE TRUSTEES. 11.1 ADMINISTRATION OF THE TRUST FUND 11.2 TRUSTEE RESPONSIBILITIES 11.3 SHARED SERVICES 11.4 COLLECTION OF CONTRIBUTIONS 11.5 PARTICIPATION AGREEMENTS – SEPARATE ACCOUNTS 11.6 AUTHORITY OF TRUSTEES 11.7 LIABILITY OF TRUSTEES 11.8 TRUSTEE INDEMNITY 11.9 LIABILITY OF CROWN, CAE AND AEFO 11.10 POWERS 11.11 ERRORS AND OMMISSIONS INSURANCE 11.12 APPOINTMENT OF CUSTODIAN
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POWERS, DUTIES AND RESPONSIBILITIES OF THE TRUSTEES. 3.1 The Trustees shall promptly take such action as is reasonable and necessary to liquidate to cash all Trust Assets and to collect on all actions vested in them and the Trust from the Company and its estate by such means as it deems advisable. The Trustees are hereby authorized to retain professionals, including attorneys, auctioneers and appraisers, and other agents for such purposes and to pay such professionals and agents out of the assets of the Trust.
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POWERS, DUTIES AND RESPONSIBILITIES OF THE TRUSTEES. 8.01 The operation and administration of the Plan and the custody, investment and management of the Fund shall be the responsibility of the Trustees and they are hereby given the authorization and power so to do, subject to the limitations and conditions contained in the Agreement and the Collective Agreements. The Trustees shall have no authority to amend this Agreement or the Plan.
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POWERS, DUTIES AND RESPONSIBILITIES OF THE TRUSTEES 
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Related to POWERS, DUTIES AND RESPONSIBILITIES OF THE TRUSTEES

  • Duties and Responsibilities of the Trustee During Default; Prior to Default. With respect to the Holders of any series of Securities issued hereunder, the Trustee, prior to the occurrence of an Event of Default with respect to the Securities of a particular series and after the curing or waiving of all Events of Default which may have occurred with respect to such series, undertakes to perform such duties and only such duties as are specifically set forth in this Indenture. In case an Event of Default with respect to the Securities of a series has occurred (which has not been cured or waived) the Trustee shall exercise with respect to such series of Securities such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in their exercise, as a prudent man would exercise or use under the circumstances in the conduct of his own affairs. No provision of this Indenture shall be construed to relieve the Trustee from liability for its own negligent action, its own negligent failure to act or its own wilful misconduct, except that

  • Certain Duties and Responsibilities of the Trustee In entering into this Supplemental Indenture, the Trustee shall be entitled to the benefit of every provision of the Indenture relating to the conduct or affecting the liability or affording protection to the Trustee, whether or not elsewhere herein so provided.

  • Duties and Responsibilities of Trustee The Trustee, prior to the occurrence of an Event of Default and after the curing or waiver of all Events of Default that may have occurred, undertakes to perform such duties and only such duties as are specifically set forth in this Indenture. In the event an Event of Default has occurred and is continuing, the Trustee shall exercise such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in its exercise, as a prudent person would exercise or use under the circumstances in the conduct of such person’s own affairs; provided that if an Event of Default occurs and is continuing, the Trustee will be under no obligation to exercise any of the rights or powers under this Indenture at the request or direction of any of the Holders unless such Holders have offered to the Trustee indemnity or security reasonably satisfactory to it against any loss, liability or expense that might be incurred by it in compliance with such request or direction. No provision of this Indenture shall be construed to relieve the Trustee from liability for its own grossly negligent action, its own grossly negligent failure to act or its own willful misconduct, except that:

  • Certain Duties and Responsibilities of Trustee (a) The Trustee, prior to the occurrence of an Event of Default with respect to the Securities of a series and after the curing of all Events of Default with respect to the Securities of that series that may have occurred, shall undertake to perform with respect to the Securities of such series such duties and only such duties as are specifically set forth in this Indenture, and no implied covenants shall be read into this Indenture against the Trustee. In case an Event of Default with respect to the Securities of a series has occurred (that has not been cured or waived), the Trustee shall exercise with respect to Securities of that series such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in their exercise, as a prudent man would exercise or use under the circumstances in the conduct of his own affairs.

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