TRUSTEE’S GENERAL POWERS Sample Clauses
The "Trustee’s General Powers" clause defines the broad authority granted to a trustee in managing and administering the trust’s assets. This clause typically allows the trustee to perform actions such as buying, selling, investing, or otherwise dealing with trust property as they see fit, within the bounds of their fiduciary duties. For example, the trustee may be empowered to enter contracts, settle claims, or make distributions to beneficiaries. The core function of this clause is to provide the trustee with the flexibility and legal authority needed to effectively manage the trust and respond to changing circumstances, thereby ensuring the trust’s objectives are met.
TRUSTEE’S GENERAL POWERS. The Trustee shall have, with respect to the Trust, the following powers, all of which powersare fiduciary powers to be exercised in a fiduciary capacity and in the best interests of the Trust and the beneficiaries thereof, and which are to be exercised as the Trustee, acting in such fiduciarycapacity, in its discretion, shall determine and, except as otherwise provided, which are intended in no way to limit the powers of the office, namely:
TRUSTEE’S GENERAL POWERS. The Trustee will have power:
(a) to manage administer and deal with the Fund and all proceedings matters and things connected with the Fund; and
(b) to enter into and execute all contracts deeds and documents and to do all such matters and things as it considers expedient for the purpose of carrying out the trusts authorities powers and discretions conferred upon the Trustee by this Deed with power, subject to the other provisions of this Deed, to give such undertakings and incur all such obligations relating to the Fund as the Trustee thinks fit; and such further powers as may be necessary ancillary or incidental to this Deed.
TRUSTEE’S GENERAL POWERS. 8.01 Extension of Obligations and Negotiation of Claims. 26
TRUSTEE’S GENERAL POWERS. The Trustee shall have the all of the rights and powers generally accorded to trustees under the laws of the State of Florida, provided that without limiting the generality of the foregoing the Trustee shall have the express power:
(a) To hold the Axion Shares so long as she deems proper;
(b) To sell Axion Shares for the purpose of paying the ordinary and necessary administrative and operating expenses of the Trust, including fees owed to the Trustee, staff salaries, office and administrative overhead, travel expenses, legal fees and expenses, accounting and auditing fees, brokerage fees and all other normal business expenses reasonably and necessarily incurred in connection with the administration and operation of the Trust;
(c) To sell Axion Shares for the purpose of paying the ordinary and necessary administrative and operating expenses incurred by Mega-C during the pendancy of the Chapter 11 Case, including fees owed to the Bankruptcy Trustee, staff salaries, office and administrative overhead, travel expenses, legal fees and expenses, accounting and auditing fees, brokerage fees and all other normal business expenses reasonably and necessarily incurred in connection with the administration and operation of Mega-C;
(d) To borrow money in such reasonable amounts as may be necessary, desirable or convenient to facilitate the efficient administration of the Trust pursuant to the provisions of this Amendment and in connection therewith to draw, make, execute and issue promissory notes and other instruments and evidences of indebtedness; to secure the payment of the sums so borrowed; and to mortgage, pledge, transfer or assign in trust all or any part of the Axion Shares in support of such borrowings.
(e) To make distributions of the Axion Shares to Category-I Beneficiaries;
(f) To sell Axion Shares for the benefit of Category-II Beneficiaries at such times, in such manner and with due regard for prevailing market conditions as in her discretion and judgment may be deemed for the best interest of the Category-II Beneficiaries as a group;
(g) To distribute all cash proceeds from the sale of Axion Shares to the Category-II Beneficiaries in proportion to their respective interests in the Trust;
(h) To compromise, settle, arbitrate, or defend any claim or demand in favor of or against the Trust; and
(i) To act through an agent or attorney-in-fact, by and under power of attorney duly executed by the Trustee, in carrying out any of the authorized powers and dutie...
TRUSTEE’S GENERAL POWERS. Until the happening of some or one of the events on which this security becomes enforceable, the Trustee shall not be in any manner bound or concerned to interfere with the management or affairs of the Company or its business or the custody, care preservation or repair of the charged Premises or any part thereof. At any time, before the security hereby constituted becomes enforceable, the Trustee may upon the request and at the expense of the Company, but only if and so far as in its opinion the interest of the debenture-holders shall not be prejudiced thereby, do or concur in doing all or any of the things following, that is to say:
(a) Sell, call in, collect and convert any part of the mortgaged premises in such manner and generally on such terms and conditions as the Trustee may deem expedient and give any option to purchases.
(b) Exchange any part or parts of the mortgaged premises for any other property suitable for the purposes of the Company and upon such terms as the Trustee may deem expedient and either with or without payment or receipt of money for equality of exchange or otherwise
(c) Enter into, make, execute, sign and do all such contracts, agreements, receipts, payments, assignments, transfer, conveyances, assurance, acts, and things and bring, prosecute, enforce defend and abandon all such actions, suits and proceedings in relation to the charged assets as the Trustees may deem expedient.
(d) Do all or any of these things from time to time and at such time or time and condition and in such manner as the Trustees may approve.
(e) Generally and without being limited to the specific powers above given, act in relation to the charged / hypothecated assets in such manner and on such terms as the Trustee may in the interest of the debenture-holders think expedient.
(f) Acquire a new or renew a lease of any part of the mortgaged premises which may at any time be held on lease for such term and at such rents and subject to such covenants, conditions
(g) Permit the Company or any nominee of the Company or of the Trustee to exercise any powers or rights incidental to the ownership of any of the mortgaged premises and permit the Company or its agents to receive any purchase or other moneys forming part of the mortgaged premises and permit the Company or its agents to receive any purchase or other moneys forming part of the charged premises on an undertaking to deal with the same in a specific manner.
(h) Assent to the modification of the Licenses of a...
TRUSTEE’S GENERAL POWERS