TRUSTEE'S RESPONSIBILITY Sample Clauses

TRUSTEE'S RESPONSIBILITY. The TRUSTEE will xxxxx xxxxxx on behalf of the persons, and with the powers the Technical Committee determines, to carry out the defense of the Trust, without any liability for the TRUSTEE due to the performance or the fees and expenses incurred due to the exercise of the power.
Sample 1Sample 2
AutoNDA by SimpleDocs
TRUSTEE'S RESPONSIBILITY. The Trustee agrees to the terms and conditions of this Trust Agreement. The Trustee agrees to hold and administer any assets transferred to the Trustee by the Settlor at the time of execution of this Trust Agreement, and any other assets that the Trustee agrees to receive, in accordance with the terms and conditions of this Trust Agreement. WITNESSES: -------------------------------------- ----------------------------------- NANCY GROSFELD, as Settlor and as Trustee. -------------------------------------- EXHIBIT A The following property has been delivered in trust under this Trust Agreement, receipt of which is hereby acknowledged by the Trustee: 49% membership interest as Class B member in Grosfeld Company L.L.C., a Michigan limited liability company EXHIBIT B SCHEDULE OF PAYMENTS OF ANNUITY AMOUNTS ================================================================================ PAYMENT NUMBER PAYMENT DATE PERCENTAGE OF INITIAL AMOUNT TRANSFERRED ================================================================================ 1 December 31, 2001 24.4962% 2 December 31, 2002 37.1000% 3 December 31, 2003 37.1000% 4 May 4, 2004 12.6038%
Sample 1
TRUSTEE'S RESPONSIBILITY. 21.1 The Company shall deliver to the Trustee an executed or certified copy of any participating trust and plan documents, and of any amendments thereto, for convenience of reference, and the rights, powers and duties of the Trustee shall be governed only by the terms of this Master Trust Agreement, without reference to the provisions of any participating trust or plan document.
Sample 1
TRUSTEE'S RESPONSIBILITY. The Trustee shall have no duty to inquire into the investment decision of a Participant or a Plan Administrator or to advise such person regarding the purchase, retention or sale of assets credited to any Participant's Accounts.
Sample 1
TRUSTEE'S RESPONSIBILITY. 9.1 The Trustee shall in no way be responsible for determining the amount of securities required to be deposited by the Grantor or monitoring whether or not the securities conform to investment requirements.
Sample 1
TRUSTEE'S RESPONSIBILITY. FOR EFFECTING DELIVERY OF REQUISITE NASDAQ-100 SHARES OR SECURITIES AND CASH PAYMENTS IN CONNECTION WITH ORDERS FOR CREATION OR REQUESTS FOR REDEMPTION.
Sample 1
TRUSTEE'S RESPONSIBILITY. Except for the obligation of the TRUSTEE to make the transfers, investments, drafts, and payments provided for herein as long as the RESOURCES exist, the responsibility acquired by the TRUSTEE is related to means not to results. The TRUSTEE will be liable for ordinary negligence during its
Sample 1
AutoNDA by SimpleDocs
TRUSTEE'S RESPONSIBILITY. The Trustee shall hold this Contract on your behalf and your beneficiaries as an asset of the trust, unless this Contract is distributed to you pursuant to the terms of the Plan. The Trustee shall be responsible for transferring all payment made under this Contract to the Annuitant and the Annuitant's beneficiaries in accordance with the terms of the Plan and the applicable provisions of the Code. We shall make no payment hereunder without written instructions from the Trustee, and we shall be fully discharged of any liability therefor to the extent such payments are made to and at the direction of the Trustee.
Sample 1
TRUSTEE'S RESPONSIBILITY. It is expressly agreed that the TRUSTEE shall be responsible for its obligations contained in the Trust Agreement, only up to the amount of the assets thereof. The TRUSTEE shall insert this provision in the documents and agreements it may execute according to the instructions of the Technical Committee and also that the TRUSTEE is not obligated to carry out such instructions if same go against the legal nature or purposes of the Trust Agreement. Furthermore, the TRUSTEE will not be responsible for not subscribing the shares issued by RADIO CENTRO due to an increase of capital stock, according to the provisions of sub-clause 5.2.2 of this Fifth Clause of this Agreement, if the necessary funds to carry this out are not provided to the TRUSTEE in due time. The TRUSTEE shall not be responsible for investing any amounts received pursuant to this Agreement, which would not generate revenues to the HOLDERS OF CPO'S RC for the period during which such amounts are received by the TRUSTEE until such amounts are applied according to the terms of this Agreement.
Sample 1

Related to TRUSTEE'S RESPONSIBILITY

  • Tax Responsibility The Fund shall be liable for all taxes (including Taxes, as defined below) relating to its investment activity, including with respect to any cash or securities held by the Custodian on behalf of the Fund or any transactions related thereto. Subject to compliance by the Fund with its obligations under Section 7.1, the Custodian shall withhold (or cause to be withheld) the amount of any Tax which is required to be withheld under applicable law in connection with the collection on behalf of the Fund pursuant to this Agreement of any dividend, interest income or other distribution with respect to any security and the proceeds or income from the sale or other transfer of any security held by the Custodian. If any Taxes become payable with respect to any prior payment made to the Fund by the Custodian or otherwise, the Custodian may apply any credit balance in the Fund’s deposit account to the extent necessary to satisfy such Tax obligation. The Fund shall remain liable for any tax deficiency. The Custodian is not liable for any tax obligations relating to the Portfolio or the Fund, other than those Tax services as set out specifically in this Section 7. The Fund agrees that the Custodian is not, and shall not be deemed to be, providing tax advice or tax counsel. The capitalized terms “Tax” or “Taxes” means any withholding or capital gains tax, stamp duty, levy, impost, charge, assessment, deduction or related liability, including any addition to tax, penalty or interest imposed on or in respect of (i) cash or securities, (ii) the transactions effected under this Agreement, or (iii) the Fund.

  • Trust Responsibilities In connection with its use of AVA, the Trust, through its service providers, shall:

  • Own responsibility Without affecting the responsibility of any Obligor for information supplied by it or on its behalf in connection with any Finance Document, each Secured Party confirms to the Security Agent that it has been, and will continue to be, solely responsible for making its own independent appraisal and investigation of all risks arising under or in connection with any Finance Document including but not limited to:

  • ALPS’ Responsibilities In connection with its performance of TA Web, ALPS shall:

  • Other Responsibilities The delivery of any notices to, and the obtaining of any consents from, any Permitted Transferee with respect to any provision of this Agreement, including, but not limited to, Sections 7.1 and 7.4, shall be your sole responsibility, unless otherwise agreed to in writing between such Permitted Transferee and the Sponsor. Neither the Company nor the Sponsor shall be liable to any Permitted Transferee for your failure to deliver a notice to, or obtain a consent from, any Permitted Transferee with respect to any provision of this Agreement, including, but not limited to, Sections 7.1 and 7.4.

  • Owners Responsibilities Owner shall comply with the following provisions in a timely manner in accordance with the Project Schedule at no cost to Contractor:

  • Joint Responsibility If the Seller determines that the Interface Problem is attributable partially to the design of a Warranted Part and partially to the design of any Supplier Part, the Seller will, if so requested by the Buyer, seek a solution to the Interface Problem through cooperative efforts of the Seller and any Supplier involved. The Seller will promptly advise the Buyer of such corrective action as may be proposed by the Seller and any such Supplier. Such proposal will be consistent with any then existing obligations of the Seller hereunder and of any such Supplier towards the Buyer. Such corrective action, unless reasonably rejected by the Buyer, will constitute full satisfaction of any claim the Buyer may have against either the Seller or any such Supplier with respect to such Interface Problem.

  • Custodial Responsibilities ARTICLE IX

  • General Responsibilities Issuer hereby engages Distributor to act as exclusive distributor of the shares of each class of the Funds. The Funds subject to this Agreement as of the date hereof are identified on SCHEDULE A, which may be amended from time to time in accordance with Section 11 below. Sales of a Fund's shares shall be made only to investors residing in those states in which such Fund is registered. After effectiveness of each Fund’s registration statement, Distributor will hold itself available to receive, as agent for the Fund, and will receive by mail, telex, telephone, or such other method as may be agreed upon between Distributor and Issuer, orders for the purchase of Fund shares, and will accept or reject such orders on behalf of the Fund in accordance with the provisions of the applicable Fund’s prospectus. Distributor will be available to transmit orders, as promptly as possible after it accepts such orders, to the Fund’s transfer agent for processing at the shares’ net asset value next determined in accordance with the prospectuses.

  • Limitation of Responsibility Notwithstanding any other provisions ---------------------------- hereof, Committee Members shall be liable to the parties only for actions constituting bad faith, gross negligence or breach of an express provision of this Agreement (so long as such breach remains uncured after ten (10) days of receiving notice of the nature of such breach). In all other respects, Committee Members shall not be liable for negligence or mistakes of judgment.

Time is Money Join Law Insider Premium to draft better contracts faster.