Common use of Protection of Persons Dealing with the Trust Clause in Contracts

Protection of Persons Dealing with the Trust. No person dealing with the Trustee shall be required or entitled to monitor the application of any money paid or property delivered to the Trustee, or determine whether or not the Trustee is acting pursuant to authorities granted to it hereunder or to authorizations or directions herein required.

Appears in 3 contracts

Samples: Employee Stock Trust Agreement (Hanover Foods Corp /Pa/), Employee Benefits Trust Agreement (Airgas Inc), Stock and Employee Benefit Trust Agreement (Browning Ferris Industries Inc)

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Protection of Persons Dealing with the Trust. No person dealing with the Trustee Trustees shall be required or entitled to monitor the application of any money paid or property delivered to the TrusteeTrustees, or determine whether or not the Trustee is Trustees are acting pursuant to authorities granted to it them hereunder or to authorizations or directions herein required.

Appears in 2 contracts

Samples: Stock Employee Compensation Trust Agreement (Stock Employee Compensation Trust), Stock Employee Compensation Trust (Questech Inc)

Protection of Persons Dealing with the Trust. No person dealing with the Trustee shall be required or entitled to monitor the application of any money paid or property delivered to the Trustee, or determine whether or not the Trustee is acting pursuant to authorities authority granted to it hereunder or to authorizations or directions herein required.

Appears in 1 contract

Samples: Trust Agreement (Syncora Holdings LTD)

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Protection of Persons Dealing with the Trust. No person dealing with -------------------------------------------- the Trustee shall be required or entitled to monitor the application of any money paid or property delivered to the Trustee, or determine whether or not the Trustee is acting pursuant to authorities granted to it hereunder or to authorizations or directions herein required.

Appears in 1 contract

Samples: Employee Benefits Trust Agreement (Ultramar Diamond Shamrock Corp)

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