Trustee Management. The Trustee shall invest and reinvest the principal and income of the Fund as a single fund, without distinction between principal and income, in accordance with general investment policies and guidelines. 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 8 contracts
Samples: Trust Fund Agreement, Standby Trust Fund Agreement, Trust Fund Agreement
