Common use of Powers of Trustee Limited Clause in Contracts

Powers of Trustee Limited. The Trustee shall have no power to create, assume or incur indebtedness or other liabilities in the name of the Trust. The Trustee shall have full power to conduct the business of the Trust of holding the Preferred Securities for the Holders and taking the other actions provided by this Trust Agreement.

Appears in 6 contracts

Samples: Trust Agreement (Peco Energy Co), Trust Agreement (Peco Energy Capital Trust Ii), Trust Agreement (Peco Energy Co)

AutoNDA by SimpleDocs

Powers of Trustee Limited. The Trustee shall have no power to create, assume or incur indebtedness or other liabilities in the name of the Trust. The Trustee shall have full power to conduct the business of the Trust of holding the Preferred Securities for the Holders and taking the other actions provided by this Trust Agreement.shall

Appears in 1 contract

Samples: Trust Agreement (Peco Energy Capital Trust I)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!