Additional Powers of the Trustee Sample Clauses

Additional Powers of the Trustee. To the extent necessary or which it deems appropriate to implement its powers under Section 5 or otherwise to fulfill any of its duties and responsibilities as the Trustee of the Trust, the Trustee shall have the following additional powers and authority:
AutoNDA by SimpleDocs
Additional Powers of the Trustee. In addition and without prejudice to the powers vested in it by the other provisions of the Trust Deed and by law, the Trustee shall have the following powers and discretions: 12.1.1 to agree with the Company (or as appropriate such other person to whom powers are delegated under clause 18.1) all matters relating to the operation and administration of the trusts created by the Trust Deed and so that no person claiming an interest under the Trust shall be entitled to question the legality or correctness of any arrangement or agreement made between the Company (or as appropriate such other person to whom powers are delegated under clause 18.1) and the Trustee in relation to such operation and administration; 12.1.2 from time to time in writing to authorise such other person or persons whether or not a Trustee, as the Trustee shall think fit to draw and endorse cheques and to give receipts and discharges for any monies or other property payable transferable or deliverable to the Trustee and every such receipt or discharge shall be as valid and effectual as if such receipt or discharge was given by the Trustee and the production of such written authority of the Trustee shall be a sufficient protection to any person taking any such receipt or discharge and (unless that person shall have received express notice in writing of the revocation of the authority) he shall be entitled to assume and act upon the assumption that the authority remains unrevoked; 12.1.3 at any time, to borrow or raise money only for the purpose of subscribing for or purchasing Shares or any other purpose for which money may be applied under the Trust Deed. Any loan made by a Participating Company to the Trustee shall be on such terms as the Participating Company and the Trustee agree; 12.1.4 to make any payment to any Beneficiary into the Beneficiary’s bank account and the Trustee shall be discharged from obtaining a receipt or seeing the application of any such payment; and 12.1.5 to pay any amount, whether income or capital, intended to be paid to, or applied for the benefit generally of, any minor to his or her parent or guardian, whose receipt shall be a valid discharge of the Trustee.
Additional Powers of the Trustee. The Trustee shall, in addition to all other powers conferred upon it by this Agreement and by law, have the following powers:
Additional Powers of the Trustee. The Trustee shall in addition and without prejudice to all statutory powers have the powers discretions, rights and immunities set out in the remainder of this clause provided that the Trustee shall not exercise any such powers so as to conflict with the beneficial provisions of this Settlement.
Additional Powers of the Trustee. Subject to the provisions of Section 4.1, the Trustee shall have the right, power and authority to take any action and to enter into and carry out every agreement with respect to the Trust Fund that may be necessary or advisable to discharge its responsibilities hereunder, and without limiting the generality of the foregoing and in addition to all other powers and authorities herein elsewhere specifically granted to the Trustee, the Trustee shall have the following powers and authorities, except as otherwise expressly provided herein, with respect to all property constituting a part of the Trust Fund:
Additional Powers of the Trustee 
Time is Money Join Law Insider Premium to draft better contracts faster.