Trustee Actions without Direction Sample Clauses

Trustee Actions without Direction. With respect to the Trust Fund, the Trustee shall: a. Receive income and other payments due to the Trust Fund; b. Carry out any exchanges of Securities or other corporate actions not requiring discretionary decisions; c. Facilitate access by the Company or its designee to ballots or online systems to assist in the voting of proxies received for eligible positions of Securities held in the Trust Fund (excluding bankruptcy matters); d. Forward to the Company or its designee information (or summaries of information) that the Trustee receives from Depositories or Subcustodians concerning Securities in the Trust Fund (excluding bankruptcy matters); e. Forward to the Company or its designee an initial notice of bankruptcy cases relating to Securities held in the Trust Fund and a notice of any required action related to such bankruptcy cases as may be received by the Trustee. No further action or notification related to the bankruptcy case shall be required; f. Endorse for collection checks, drafts or other negotiable instruments received on behalf of the Trust Fund; and g. Have the authority to deposit cash in accounts bearing interest at a reasonable rate in the banking department of the Trustee or an affiliated banking organization.