Common use of Trustee’s decisions Clause in Contracts

Trustee’s decisions. The Trustee may decide:- (a) whether any money is to be considered as capital or income; (b) whether any expense, outgoing or other payment ought to be paid out of capital or income; and (c) all questions and matters of doubt xxxxxxx in the execution of the trusts of this Xxxx. Every decision on these matters, whether made on a question actually raised or implied in the acts or proceedings of the Trustee, is conclusive and binds all persons interested under this Deed.

Appears in 1 contract

Samples: Deed for Public Ancillary Fund

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Trustee’s decisions. The Trustee may decide:-decide: (a) whether any money is to be considered as capital or income; (b) whether any expense, outgoing or other payment ought to be paid out of capital or income; and (c) all questions and matters of doubt xxxxxxx in the execution of the trusts of this Xxxx. Every decision on these matters, whether made on a question actually raised or implied in the acts or proceedings of the Trustee, is conclusive and binds all persons interested under this Deed.

Appears in 1 contract

Samples: Deed of Trust

Trustee’s decisions. The Trustee may decide:-decide:− (a) whether any money is to be considered as capital or income; (b) whether any expense, outgoing or other payment ought to be paid out of capital or income; and (c) all questions and matters of doubt xxxxxxx arising in the execution of the trusts of this XxxxDeed. Every decision on these matters, whether made on a question actually raised or implied in the acts or proceedings of the Trustee, is conclusive and binds all persons Persons interested under this Deed.

Appears in 1 contract

Samples: Deed of Trust

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Trustee’s decisions. The Trustee may decide:-decide: (a) whether any money is to be considered as capital or income; (b) whether any expense, outgoing or other payment ought to be paid out of capital or income; and (c) all questions and matters of doubt xxxxxxx in the execution of the trusts of this Xxxxdeed. Every decision on these matters, whether made on a question actually raised or implied in the acts or proceedings of the Trustee, is conclusive and binds all persons interested under this Deeddeed.

Appears in 1 contract

Samples: Trust Deed

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