Common use of Right Not to Act Clause in Contracts

Right Not to Act. 15.4.1 The Trustee shall retain the right not to act and shall not be liable for refusing to act unless it has received clear documentation which complies with the terms of this Agreement. Such documentation must not require the exercise of any discretion or independent judgment on the part of the Trustee.

Appears in 3 contracts

Samples: Trust Agreement, Pipeline Reclamation Trust Agreement, Utopia Pipeline Reclamation Trust Agreement

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Right Not to Act. 15.4.1 The Trustee shall retain will have the right not to act and shall will not be liable for refusing to act unless it has received clear and reasonable documentation which that complies with the terms of this Agreement. Such documentation must not require the exercise of any discretion or independent judgment on the part of the Trusteejudgment.

Appears in 1 contract

Samples: Asset Purchase Agreement (Apollo Gold Corp)

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