Common use of Rights, Powers and Privileges Clause in Contracts

Rights, Powers and Privileges. The Trustee shall have only the rights, powers and privileges expressly provided to the Trustee in this Agreement or in the Plan. Without limiting the foregoing, the Trustee shall have the power to take the following actions in addition to the powers granted in the Plan, and any powers reasonably incidental thereto, which the Trustee, in its reasonable discretion, deems necessary or appropriate to fulfill the liquidating purpose of the Trust, unless otherwise specifically limited or restricted by the Plan or this Agreement:

Appears in 2 contracts

Samples: Liquidating Trust Agreement (Circuit City Stores Inc), Liquidating Trust Agreement

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Rights, Powers and Privileges. The Trustee shall have only the rights, powers and privileges expressly provided to the Trustee in this Agreement or in the PlanAgreement. Without limiting the foregoing, the The Trustee shall have the power to take the following actions in addition to the powers granted in the Plan, subsections below and any powers reasonably incidental thereto, which the Trustee, in its his reasonable discretion, deems necessary or appropriate to fulfill the liquidating purpose purposes of the Trust, unless otherwise specifically limited or restricted by the Plan or this Agreement, the Stockholders’ Agreement or the Call Agreement:

Appears in 1 contract

Samples: Nationsrent Liquidating Trust Agreement (Nationsrent Companies Inc)

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Rights, Powers and Privileges. The Trustee shall have only the rights, powers powers, and privileges expressly provided to the Trustee in this Agreement or in the and Plan. Without limiting Subject to the foregoingterms of this Agreement, including Section 3.4 of this Agreement, the Trustee shall have the power to take the following actions in addition to the powers granted in the Plan, this Section 3.1 and any powers reasonably incidental thereto, which the Trustee, in its reasonable discretion, deems Trustee reasonably determines to be necessary or appropriate to fulfill the liquidating purpose of the Trust, unless otherwise specifically including but not limited or restricted by the Plan or this Agreementto:

Appears in 1 contract

Samples: Bgi Creditors’ Liquidating Trust Agreement

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