Common use of Trustee Action Clause in Contracts

Trustee Action. The exercise by the Trustees of their powers and discretion hereunder in good faith and with reasonable care under the circumstances then prevailing shall be binding upon everyone interested. Subject to the provisions of Article IV, the Trustees shall not be liable for errors of judgment or mistakes of fact or law.

Appears in 135 contracts

Samples: Agreement and Declaration of Trust (Calamos Convertible Opportunities & Income Fund), Agreement and Declaration (Calamos Dynamic Convertible & Income Fund), Agreement and Declaration (Calamos Global Dynamic Income Fund)

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Trustee Action. The exercise by the Trustees of their powers and discretion hereunder or under the By-laws in good faith and with reasonable care under the circumstances then prevailing shall be binding upon everyone interested. Subject to the provisions of Article IV, the Trustees shall not be liable for errors of judgment or mistakes of fact or law.

Appears in 5 contracts

Samples: Agreement and Declaration of Trust (Pioneer Diversified High Income Trust), Agreement and Declaration of Trust (Pioneer Floating Rate Trust), Agreement and Declaration of Trust (Pioneer Municipal High Income Trust)

Trustee Action. The exercise by the Trustees of their powers and discretion discretions hereunder in good faith and with reasonable care under the circumstances then prevailing shall be binding upon everyone interested. Subject to the provisions of Article IVX hereof and to Section 11.1 of this Article XI, the Trustees shall not be liable for errors of judgment or mistakes of fact or law.

Appears in 5 contracts

Samples: Agreement and Declaration (BlackRock ETF Trust), Blackrock Collateral Trust (BlackRock Collateral Trust), Agreement and Declaration of Trust (iShares U.S. ETF Trust)

Trustee Action. The exercise by the Trustees of their powers and discretion discretions hereunder in good faith and with reasonable care under the circumstances then prevailing shall be binding upon everyone interested. Subject to the provisions of Article IVX hereof and to Section 11.1 of this Article XI, the Trustees shall not be liable for errors of judgment or mistakes of fact or law.

Appears in 4 contracts

Samples: Agreement and Declaration (TCW ETF Trust), Agreement and Declaration (BlackRock ETF Trust II), Agreement and Declaration (BlackRock ETF Trust)

Trustee Action. The exercise by the Trustees of their -------------- powers and discretion hereunder in good faith and with reasonable care under the circumstances then prevailing shall be binding upon everyone interested. Subject to the provisions of Article IV, the Trustees shall not be liable for errors of judgment or mistakes of fact or law.

Appears in 2 contracts

Samples: Agreement and Declaration (Goldman Sachs Variable Insurance Trust), Agreement and Declaration (Sun Capital Advisers Trust)

Trustee Action. The exercise by the Trustees of their powers and discretion ------------- -------------- discretions hereunder in good faith and with reasonable care under the circumstances then prevailing shall be binding upon everyone interested. Subject to the provisions of Article IVX hereof and to Section 11.01 of this Article XI, the Trustees shall not be liable for errors of judgment or mistakes of fact or law.

Appears in 2 contracts

Samples: Agreement and Declaration of Trust (Ishares Trust), Agreement and Declaration of Trust (Ishares Trust)

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Trustee Action. The exercise by the Trustees of their powers and discretion discretions hereunder in good faith and with reasonable care under the circumstances then prevailing shall be binding upon everyone interested. Subject to the provisions of Article IVIX hereof and to Section 10.01 of this Article X, the Trustees shall not be liable for errors of judgment or mistakes of fact or law.

Appears in 2 contracts

Samples: Advisorshares Trust (AdvisorShares Trust), Agreement and Declaration (Us Global Investors Funds)

Trustee Action. The exercise by the Trustees of their powers -------------- and discretion hereunder in good faith and with reasonable care under the circumstances then prevailing shall be binding upon everyone interested. Subject to the provisions of Article IV, the Trustees shall not be liable for errors of judgment or mistakes of fact or law.

Appears in 1 contract

Samples: Goldman Sachs Trust

Trustee Action. The exercise by the Trustees of their powers and discretion hereunder in good faith and with reasonable care under the circumstances then prevailing shall be binding upon everyone interested. Subject to the provisions of Article IV, the Trustees shall not be liable for errors of judgment or mistakes of fact or law. Section 3.

Appears in 1 contract

Samples: Merlin Funds Group

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