Common use of THE TRUSTEE'S POWER TO ENGAGE AGENTS Clause in Contracts

THE TRUSTEE'S POWER TO ENGAGE AGENTS. The Trustee may appoint an attorney or other agent/s to act in its stead, to perform or participate in the performance of special acts to be performed with respect to the Trust and pay a fee to any such agent, and, without limitation to the generality of the foregoing, institution of legal proceedings or representation in proceedings of the Company's merger or spin-off. The Company may object to such appointment on any reasonable ground whatsoever, including in the event that the agent is competing, directly and/or indirectly, with the Company's business.

Appears in 4 contracts

Samples: Trust Deed (Elbit Medical Imaging LTD), Trust Deed (Elbit Medical Imaging LTD), Trust Deed (Elbit Medical Imaging LTD)

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