Common use of Reliance on Statements by Trustee Clause in Contracts

Reliance on Statements by Trustee. Any Person dealing with the Trustee shall be fully protected in relying upon a certificate signed by the Trustee, stating that it has authority take any action under the Trust. Any Person dealing with the Trustee shall be fully protected in relying upon the Trustee's certificate setting forth the facts concerning the action taken by the Trustee pursuant to this Agreement, including the aggregate number of Units held by the Beneficiaries causing such action to be taken.

Appears in 4 contracts

Samples: Liquidating Trust Agreement (Shelbourne Properties Ii Inc), Liquidating Trust Agreement (Shelbourne Properties Iii Inc), Trust Agreement (Fab Industries Inc)

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Reliance on Statements by Trustee. Any Person dealing with the Trustee shall be fully protected in relying upon a certificate the Trustee’s certificate, signed by the Trustee, stating with respect to the authority that it the Trustee has authority to take any action under the Trustthis Agreement. Any Person dealing with the Trustee shall be fully protected in relying upon the Trustee's ’s certificate setting forth the facts concerning the action taken by the Trustee pursuant to this Agreement, including the aggregate number of Units held by the Beneficiaries causing such action to be taken.

Appears in 3 contracts

Samples: Liquidating Trust Agreement (Xcorporeal, Inc.), Liquidating Trust Agreement (Genaera Corp), Liquidating Trust Agreement (Amv Liquidating Trust)

Reliance on Statements by Trustee. Any Person dealing with the Trustee shall be fully protected in relying upon a certificate the Trustee’s certificate, signed by the Trustee, stating with respect to the authority that it the Trustee has authority to take any action under the Trust. Any Person dealing with the Trustee shall be fully protected in relying upon the Trustee's ’s certificate setting forth the facts concerning the action taken by the Trustee pursuant to this Agreement, including the aggregate number of Units held by the Beneficiaries causing such action to be taken.

Appears in 2 contracts

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

Reliance on Statements by Trustee. Any Person dealing with the Trustee shall be fully protected in relying upon a certificate signed by the Trustee, stating that it has authority take any action under the Trust. Any Person dealing with the Trustee shall be fully protected in relying upon the Trustee's ’s certificate setting forth the facts concerning the action taken by the Trustee pursuant to this Agreement, including the aggregate number of Units held by the Beneficiaries causing such action to be taken.

Appears in 2 contracts

Samples: Liquidating Trust Agreement (All American Group Inc), Agreement and Declaration of Trust (T Reit Liquidating Trust)

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Reliance on Statements by Trustee. Any Person dealing with the Trustee shall be fully protected in relying upon a certificate signed by the Trustee, stating 's certificate with respect to the authority that it one or more Trustee has authority to take any action under the Trust. Any Person dealing with the Trustee shall be fully protected in relying upon the Trustee's certificate setting forth the facts concerning the action taken by the Trustee pursuant to this Agreement, including the aggregate number of Units held by the Beneficiaries causing such action to be taken.

Appears in 1 contract

Samples: Liquidating Trust Agreement (Advanced Switching Communications Inc)

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