Common use of Rights of Parties to Enforce the Trust Agreement Clause in Contracts

Rights of Parties to Enforce the Trust Agreement. The Company and the Trustee shall have the exclusive right to enforce any provision of this Trust Agreement. In any action or proceeding affecting the Trust, the only necessary parties shall be the Company and the Trustee and, except as otherwise required by applicable law, no other person shall be entitled to any notice or service of process. Any judgment entered in such an action or proceeding shall, to the maximum extent permitted by applicable law, be binding and conclusive on all persons having or claiming to have any interest in the Trust or any Plan.

Appears in 3 contracts

Samples: Trust Agreement (Kaufman & Broad Home Corp), Trust Agreement (Wachovia Corp/ Nc), Trust Agreement (Tidewater Inc)

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Rights of Parties to Enforce the Trust Agreement. The Company and the Trustee shall have the exclusive right to enforce any provision of this Trust Agreement. In any action or proceeding affecting the Trust, the only necessary parties shall be the Company and the Trustee and, except as otherwise required by applicable law, no other person shall be entitled to any notice or service of process. Any judgment entered in such an action or proceeding shall, to the maximum extent permitted by applicable law, be binding and conclusive on all persons having or claiming to have any interest in the Trust or any Plan.

Appears in 2 contracts

Samples: Benefit Equity Trust Agreement (Beckman Coulter Inc), Trust Agreement (Beckman Instruments Inc)

Rights of Parties to Enforce the Trust Agreement. The Company and the Trustee shall have the exclusive right to enforce any provision of this Trust Agreement. Each Executive shall have the right as a beneficiary of the Trust to enforce any provision of this Trust Agreement that affects the right, title and interest of such Executive in the Trust. In any action or proceeding affecting the Trust, the only necessary parties shall be the Company Company, the Trustee and the Trustee affected Executives and, except as otherwise required by applicable law, no other person shall be entitled to any notice or service of process. Any judgment entered in such an action or proceeding shall, to the maximum extent permitted by applicable law, be binding and conclusive on all persons having or claiming to have any interest in the Trust or any PlanTrust.

Appears in 1 contract

Samples: Trust Agreement (Astoria Financial Corp)

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Rights of Parties to Enforce the Trust Agreement. The Company and the Trustee shall have the exclusive right to enforce any provision of this Trust Agreement. In any action or proceeding affecting the Trust, the only necessary parties shall be the Company and the Trustee and, except as otherwise required by applicable law, no other person shall be entitled to any notice or service of process. Any judgment judgement entered in such an action or proceeding shall, to the maximum extent extend permitted by applicable law, be binding and conclusive on all persons having or claiming to have any interest in the Trust or any Plan.

Appears in 1 contract

Samples: Trust Agreement (Beckman Instruments Inc)

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