Common use of Trustee Management Clause in Contracts

Trustee Management. The Trustee shall invest and reinvest the principal and income in the Fund, in accordance with general investment policies and guidelines which the Beneficiary 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 assets in the Fund, the Trustee shall discharge his/her duties with respect to the 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 securities or other obligations of the Grantor, or any other owner or operator of the sites, or any of their affiliates as defined in the Investment Company Act of 1940, as amended, 15 U.S.C. 80a2(a), shall not be acquired or held, unless they are securities or other obligations of the Federal or a State government. The Trustee is authorized and directed to invest the Fund in time or demand deposits of the Trustee, to the extent insured by an agency of the Federal or a State government and to hold cash awaiting investment or distribution un-invested for a reasonable time and without liability for the payment of interest thereon.

Trustee Management. The Trustee shall invest and reinvest the principal and income in the Fundincome, in accordance with general investment policies and guidelines which the Beneficiary 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 assets in the Fund, the Trustee shall discharge his/her duties with respect to the Fund solely in the interest of the Beneficiary and with the care, skill, prudence prudence, and diligence under the circumstances circumstance 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 securities that: Securities or other obligations of the Grantor, or any other owner or operator of the sitesfacilities, or any of their affiliates as defined in the Investment Company Act of 1940, as amended, 15 U.S.C. 80a2(a80a‑2.(a), shall not be acquired or held, held unless they are securities or other obligations of the Federal or a State government. ; The Trustee is authorized and directed to invest the Fund in time or demand deposits of the Trustee, to the extent insured by an agency of the Federal or a State government and to hold cash awaiting investment or distribution un-invested for a reasonable time and without liability for the payment of interest thereon.government; and

Trustee Management. The Trustee shall invest and reinvest the principal and income in of the FundFund as a single fund, without distinction between principal and income, in accordance with general investment policies and guidelines which the Beneficiary 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 assets in the Fund, the Trustee shall discharge his/her its duties with respect to the Fund trust fund solely in the interest of the 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 securities that: Securities or other obligations of the Grantor, or any other owner or operator of the sites, or any of their its affiliates as defined in the Investment Company Act of 1940, as amended, 15 U.S.C. 80a2(a80a‑2.(a), shall not be acquired or held, unless they are securities or other obligations of the Federal or a State state government. ; The Trustee is authorized and directed to invest the Fund in time or demand deposits of the Trustee, to the extent insured by an agency of the Federal or a State government state government; and The Trustee is authorized to hold cash awaiting investment or distribution un-invested uninvested for a reasonable time and without liability for the payment of interest thereon.