Common use of Trustee's Rights Clause in Contracts

Trustee's Rights. 6.1 The Trustee shall not be liable for any action or any failure to act taken in good faith or upon the instruction of the Settlor. The Trustee shall be entitled to rely upon the information provided to it by the Settlor. No bond or other security for the faithful performance of its duties under this Agreement shall be required of the Trustee. Notwithstanding anything to the contrary set forth herein, the Trustee shall have no duty to act or refrain from acting hereunder except in accordance with the written instructions of the Settlor. The Trustee assumes no responsibility as to the validity or sufficiency of any instrument developed by the Settlor and held in the Trust.

Trustee's Rights. 6.1 The Trustee shall not be liable for any action or any failure to act taken in good faith or upon the instruction of the Settlor, Participant or Beneficiary. The Trustee shall be entitled to rely upon the information provided to it by the Settlor. No bond or other security for the faithful performance of its duties under this Agreement shall be required of the Trustee. Notwithstanding anything to the contrary set forth herein, the Trustee shall have no duty to act or refrain from acting hereunder except in accordance with the written instructions of the Settlor. The Trustee assumes no responsibility as to the validity or sufficiency of any instrument developed by the Settlor and held in the Trust.