Common use of Trustee Management Clause in Contracts

Trustee Management. The Trustee shall invest and reinvest the principal and income of the Fund in one or more investments and keep the Fund invested as a single fund, without distinction between principal and income, in accordance with general investment policies and guidelines which the Grantor may communicate in writing to the Trustee from time to time, subject, however, to the provisions of this section. In investing, reinvesting, exchanging, selling, and managing the Fund, the Trustee shall discharge its duties with respect to the trust fund solely in the interest of the beneficiary and with the care, skill, prudence, and diligence under the circumstances then prevailing which persons of prudence, acting in a like capacity and familiar with such matters, would use in the conduct of an enterprise of a like character and with like aims; except that:

Appears in 7 contracts

Samples: Trust Agreement, Trust Fund Agreement, Fund Agreement

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Trustee Management. The Trustee shall invest and reinvest the principal and income of the Fund in one or more investments investment obligations and keep the Fund invested as a single fund, without distinction between principal and income, in accordance with general investment policies and guidelines which the Grantor may communicate in writing to the Trustee from time to time, subject, however, to the provisions of this sectionSection. In investing, reinvesting, exchanging, selling, and managing the Fund, the Trustee shall discharge its duties with respect to the trust fund solely in the interest of the beneficiary Agency and with the care, skill, prudence, and diligence under the circumstances then prevailing which persons of prudence, acting in a like capacity and familiar with such matters, would use in the conduct of an enterprise of a like character and with like aims; except that:

Appears in 3 contracts

Samples: Trust Fund Agreement, Trust Fund Agreement, Trust Fund Agreement

Trustee Management. The Trustee shall invest and reinvest the principal and income of the Fund in one or more investments and keep the Fund invested as a single fund, without distinction between principal and income, in accordance with general investment policies and guidelines which the Grantor may communicate in writing to the Trustee from time to time, subject, however, to the provisions of this section. In investing, reinvesting, exchanging, selling, and managing the Fund, the Trustee shall discharge its his duties with respect to the standby trust fund solely in the interest of the beneficiary and with the care, skill, prudence, and diligence under the circumstances then prevailing which persons of prudence, acting in a like capacity and familiar with such matters, would use in the conduct of an enterprise of a like character and with like aims; except that:

Appears in 2 contracts

Samples: Trust Agreement, Trust Agreement

Trustee Management. The Trustee shall trustee will invest and reinvest the principal and income of the Fund in one or more investments fund and keep the Fund fund invested as a single fund, without distinction between principal and income, in accordance with general investment policies and guidelines which the Grantor grantor may communicate in writing to the Trustee from time to timetrustee periodically, subject, however, to the provisions of this section. In investing, reinvesting, exchanging, selling, and managing the Fundfund, the Trustee shall trustee will discharge its histhe trustee's duties with respect to the trust fund solely in the interest of the beneficiary and with the care, skill, prudence, and diligence under the circumstances then prevailing which persons of prudencexxxxxxxx, acting in a like capacity and familiar with such matters, would use in the conduct of an enterprise of a like character and with like aims; except that:

Appears in 2 contracts

Samples: Trust Agreement, Trust Agreement

Trustee Management. The Trustee shall invest and reinvest the principal and income of the Fund in one or more investments and keep the Fund invested as a single fund, without distinction between principal and income, in accordance with general investment policies and guidelines which the Grantor may communicate in writing to the Trustee from time to time, subject, however, subject to the provisions of this sectionSection and state law. All investments shall provide for the preservation of the principal of the Fund. In investing, reinvesting, exchanging, selling, and managing the Fund, the Trustee shall discharge its his duties with respect to the trust fund Fund solely in the interest of DES, the beneficiary beneficiary, and with the care, skill, prudence, prudence and diligence under the circumstances then prevailing which persons of prudence, acting in a like capacity and familiar with such matters, would use in the conduct of an enterprise of a like character and with like aims; except that:

Appears in 1 contract

Samples: Standby Trust Agreement

Trustee Management. The Trustee shall invest and reinvest the principal and income of the Fund in one or more investments and keep the Fund invested as a single fund, without distinction between principal and income, in accordance with general investment policies and guidelines which the Grantor may communicate in writing to the Trustee from time to time, subject, however, to the provisions of this sectionSection. In investing, reinvesting, exchanging, selling, and managing the Fund, the Trustee shall discharge its duties with respect to the trust fund solely in the interest of the beneficiary District and with the care, skill, prudence, and diligence under the circumstances then prevailing which persons of prudence, acting in a like capacity and familiar with such matters, would use in the conduct of an enterprise of a like character and with like aims; except that:

Appears in 1 contract

Samples: Trust Agreement

Trustee Management. The Trustee shall invest and reinvest the principal and income of the Fund in one or more investments and keep the Fund invested as a single fund, without distinction between principal and income, in accordance with general investment policies and guidelines which the Grantor may communicate in writing to the Trustee from time to time, subject, however, subject to the provisions of this sectionSection and state law. All investments shall provide for the preservation of the principal of the Fund. In investing, reinvesting, exchanging, selling, and managing the Fund, the Trustee shall discharge its his duties with respect to the trust fund Fund solely in the interest of NHDES, the beneficiary beneficiary, and with the care, skill, prudence, prudence and diligence under the circumstances then prevailing which persons of prudence, acting in a like capacity and familiar with such matters, would use in the conduct of an enterprise of a like character and with like aims; except that:

Appears in 1 contract

Samples: Trust Agreement

Trustee Management. The Trustee shall invest and reinvest the principal and income of the Fund in one or more investments and keep the Fund invested as a single fund, without distinction between principal and income, in accordance with general investment policies p olicies and guidelines which that the Grantor may communicate in writing to the Trustee from time to time, subject, however, to the provisions of this sectionSection. In investing, reinvesting, exchanging, selling, and managing the Fund, the Trustee shall discharge its his or her duties with respect to the trust fund solely in the interest of the beneficiary Beneficiary and with the care, skill, prudence, prudence and diligence under the circumstances then prevailing which that persons of prudence, acting in a like capacity and familiar with such matters, would use in the conduct of an enterprise of a like character and with like aims; except that:

Appears in 1 contract

Samples: Trust Agreement

Trustee Management. The Trustee shall invest and reinvest the principal prin- cipal and income of the Fund in one or more investments and keep the Fund invested as a single fund, without distinction dis- tinction between principal and income, in accordance with general investment policies and guidelines which the Grantor may communicate com- municate in writing to the Trustee from time to time, subject, however, to the provisions provi- sions of this section. In investing, reinvestingrein- vesting, exchanging, selling, and managing the Fund, the Trustee shall discharge its duties his du- ties with respect to the trust fund solely in the interest of the beneficiary and with the care, skill, prudence, and diligence under the circumstances then prevailing which persons of prudence, acting in a like capacity and familiar fa- miliar with such matters, would use in the conduct of an enterprise of a like character and with like aims; except that:: Environmental Protection Agency § 261.151

Appears in 1 contract

Samples: Trust Agreement

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Trustee Management. The Trustee shall invest and reinvest the principal and income of the Fund in one or more investments and keep the Fund invested as a single fund, without distinction between principal and income, in accordance with general investment policies and guidelines which the Grantor may communicate in writing to the Trustee from time to time, subject, however, to the provisions of this sectionSection. In investing, reinvesting, exchanging, selling, and managing the Fund, the Trustee shall discharge its duties with respect to the trust fund solely in the interest of the beneficiary Agency and with the care, skill, prudence, and diligence under the circumstances then prevailing which persons of prudencexxxxxxxx, acting in a like capacity and familiar with such matters, would use in the conduct of an enterprise of a like character and with like aims; except that:

Appears in 1 contract

Samples: Trust Fund Agreement

Trustee Management. The Trustee shall invest and reinvest the principal and income of the Fund in one or more investments investment obligations and keep the Fund invested as a single fund, without distinction between principal and income, in accordance with general investment policies and guidelines which the Grantor may communicate in writing to the Trustee from time to time, subject, however, to the provisions of this sectionSection. In investing, reinvesting, exchanging, selling, and managing the Fund, the Trustee shall discharge its duties with respect to the trust fund solely in the interest of the beneficiary and with the care, skill, prudence, and diligence under the circumstances then prevailing which persons of prudence, acting in a like capacity and familiar with such matters, would use in the conduct of an enterprise of a like character and with like aims; except that:

Appears in 1 contract

Samples: Trust Agreement

Trustee Management. The Trustee shall must invest and reinvest the principal and income of the Fund in one or more investments fund and keep the Fund fund invested as a single fund, without distinction distinc- tion between principal and income, in accordance with general investment invest- ment policies and guidelines which the Grantor may communicate in writing to the Trustee trustee from time to time, subject, however, to the provisions of this section. In investing, reinvesting, exchanging, selling, and managing the Fundfund, the Trustee shall must discharge its his duties with respect to the trust fund solely in the interest of the beneficiary benefi- ciaries and with the care, skill, prudence, and diligence under the circumstances then prevailing which persons of prudence, acting in a like capacity and familiar with such matters, would use in the conduct of an enterprise of a like character and with like aims; except that:

Appears in 1 contract

Samples: Trust Agreement

Trustee Management. The Trustee shall invest and reinvest the principal and income of the Fund in Fundin one or more investments investment obligations and keep the Fund invested as a single fund, without distinction between principal and income, in accordance with general investment policies and guidelines which the Grantor may communicate in writing to the Trustee from time to time, subject, however, to the provisions of this sectionSection. In investing, reinvesting, exchanging, selling, and managing the Fund, the Trustee shall discharge its duties with respect to the trust fund solely in the interest of the beneficiary and with the care, skill, prudence, and diligence under the circumstances then prevailing which persons of prudence, acting in a like capacity and familiar with such matters, would use in the conduct of an enterprise of a like character and with like aims; except that:

Appears in 1 contract

Samples: Trust Fund Agreement

Trustee Management. The Trustee shall invest and reinvest the principal and income of the Fund in one or more investments investment obligations and keep the Fund invested as a single fund, without distinction between principal and income, in accordance with general investment policies and guidelines guidelines, which the Grantor may communicate in writing to the Trustee from time to time, subject, however, to the provisions of this sectionSection. In investing, reinvesting, exchanging, selling, and managing the Fund, the Trustee shall discharge its duties with respect to the trust fund solely in the interest of the beneficiary and with the care, skill, prudence, and diligence under the circumstances then prevailing which persons of prudence, acting in a like capacity and familiar with such matters, would use in the conduct of an enterprise of a like character and with like aims; except that:

Appears in 1 contract

Samples: Trust Agreement

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