Powers Exercisable on Direction from the Manager or Investment Advisor Sample Clauses

Powers Exercisable on Direction from the Manager or Investment Advisor. The Trustee may, on Direction from the Manager or an Investment Advisor: (a) with any cash held by it, purchase, or otherwise acquire, any securities, currencies or other property of a kind permitted as aforesaid and to purchase, hold and retain the same in trust hereunder; (b) enter into and settle foreign exchange transactions on behalf of the Funds with such counterparts as the Trustee may choose in its sole discretion including its affiliates; (c) sell, convey, exchange for other securities or other property, convert, transfer, assign, pledge, encumber or otherwise dispose of any assets held by it at any time, by any means considered reasonable by the Trustee, and to receive the consideration and grant discharges therefor; (d) lend money whether secured or unsecured; (e) engage in activities specified in Section 7.2(b) to (e); (f) to commence, defend, adjust or settle suits or legal proceedings in connection with the Funds and to represent the Funds in any such suits or legal proceedings and to keep the Manager informed thereof; provided, however, that the Trustee shall not be obliged or required to do so unless it has been indemnified to its satisfaction against all expenses and liabilities sustained or anticipated by the Trustee by reason thereof; (g) complete and process such Voting Materials and process Corporate Actions, provided that the Manager or Investment Advisor has provided Directions to the Trustee within the time frames specified by the Trustee in its notice relating to such Voting Materials or Corporate Actions. Where Directions have not been provided by the Manager or Investment Advisor within such time frames, the Trustee will take no action except only in the case of Corporate Actions and where a default exists, a Fund will receive such default option as outlined in the notice. In the event that Directions have been provided after such time frames, the Trustee shall use reasonable efforts to process such Voting Materials or Corporate Actions but the Trustee shall have no liability for failure to process such Voting Materials or Corporate Actions; (h) renew or extend or participate in the renewal or extension of any securities or other property, upon such terms as it may deem advisable, and to agree to a reduction in the rate of interest on any security or other property or of any guarantee pertaining thereto, in any manner and to any extent that it may deem advisable; to waive any default whether in the performance of any covenant or ...

Powers Exercisable on Direction from the Manager or Investment Advisor. The Trustee may, on Direction from the Manager or an Investment Advisor: (a) with any cash held by it, purchase, or otherwise acquire, any securities, currencies or other property of a kind permitted as aforesaid and to purchase, hold and retain the same in trust hereunder; (b) enter into and settle foreign exchange transactions on behalf of the Funds with such counterparts as the Trustee may choose in its sole discretion including its affiliates; (c) sell, convey, exchange for other securities or other property, convert, transfer, assign, pledge, encumber or otherwise dispose of any assets held by it at any time, by any means considered reasonable by the Trustee, and to receive the consideration and grant discharges therefor; (d) lend money whether secured or unsecured; (e) to commence, defend, adjust or settle suits or legal proceedings in connection with the Funds and to represent the Funds in any such suits or legal proceedings and to keep the Manager informed thereof; provided, however, that the Trustee shall not be obliged or required to do so unless it has been indemnified to its satisfaction against all expenses and liabilities sustained or anticipated by the Trustee by reason thereof; (f) write, issue, purchase, hold, sell and exchange derivative products, including without limitation: (i) rate swap transactions, swap options, basis swaps, forward rate transactions, commodity swaps, commodity options, equity or equity index swaps, equity or equity index options, bond options, interest rate options, foreign exchange transactions, cap transactions, floor transactions, collar transactions, currency swap transactions, cross-currency rate swap transactions, currency options, credit protection transactions, credit swaps, credit default swaps, credit default options, total return swaps, credit spread transactions (including any options with respect to any of these transactions and any combination of these transactions); (ii) repurchase transactions, reverse repurchase transactions or buy/sell back transactions; (iii) forward contracts; (iv) financial and/or stock index futures contracts; (v) contracts under which the rights and/or liabilities of the parties are determined by reference to a financial and/or stock index or securities or commodities; (vi) contracts or other instruments or strategies the value of which is based upon the market price, value or level of an index or the market price or value of a security, commodity, economic indicator or finan...