Trustee or Fiduciary Clause Samples
The Trustee or Fiduciary clause defines the responsibilities and obligations of a party who holds assets or exercises powers on behalf of others, typically beneficiaries. In practice, this clause outlines the standards of care, loyalty, and good faith that the trustee or fiduciary must uphold, and may specify reporting requirements or limitations on their authority. Its core function is to ensure that the trustee or fiduciary acts in the best interests of the beneficiaries, thereby protecting those beneficiaries from potential mismanagement or conflicts of interest.
Trustee or Fiduciary. Nothing contained herein shall cause CCM to be deemed a trustee or fiduciary for or on behalf of Issuer, any investor, or any other person. The Services provided by CCM hereunder are in addition to the services provided by CCM under any other agreements, if applicable, between the Parties.
Trustee or Fiduciary. Nothing contained herein shall cause PSS to be deemed a trustee or fiduciary for or on behalf of the Issuer, any investor, or any other person or entity. The Services delivered by PSS hereunder are in addition to the services provided by PSS under any other agreements, if applicable, between the Parties.