Common use of Reliance on Statement by Trustees Clause in Contracts

Reliance on Statement by Trustees. Any Person dealing with the Trustees shall be fully protected in relying upon the Trustees' certificate signed by any one or more of the Trustees that they have authority to take any action under this Trust. Any Person dealing with the Trustees shall be fully protected in relying upon the Trustees' certificate setting forth the facts concerning the calling of any meeting of the Trustees or the Beneficiaries, the giving of notice thereof, and the action taken at such meeting, including the aggregate number of Units held by the Beneficiaries taking such action.

Appears in 3 contracts

Samples: Liquidating Trust Agreement (Microcap Liquidating Trust), Liquidating Trust Agreement (Petrie Stores Corp), Liquidating Trust Agreement (Microcap Fund Inc)

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Reliance on Statement by Trustees. Any Person dealing with the Trustees shall be fully protected in relying upon the Trustees' certificate signed by any one or more of the Trustees that they have authority to take any action under the Trust and under this TrustAgreement. Any Person dealing with the Trustees shall be fully protected in relying upon the Trustees' certificate setting forth the facts concerning any action by the Trustees or the calling of any meeting of the Trustees or the Beneficiaries, the giving of notice thereof, thereof and the action taken at such meeting, including the aggregate number of Units held by the Beneficiaries taking such action.

Appears in 2 contracts

Samples: Liquidating Trust Agreement (THCG Inc), Liquidating Trust Agreement (THCG Inc)

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