Common use of AUTHORITY OF THE SPONSOR Clause in Contracts

AUTHORITY OF THE SPONSOR. Pursuant to Section 3806(b)(7) of the Act, the Sponsor is hereby granted the exclusive authority, and shall direct the actions of the Administrative Trustee, in the management of the Trust. The Sponsor shall have the exclusive authority to direct the Administrative Trustee to perform the Sponsor's obligations and exercise its rights under this Agreement. Without limiting the foregoing, the Sponsor shall have the authority to execute and deliver this Agreement and (without prejudice to any power or authority delegated to the Administrative Trustee in accordance with the terms of this Agreement) to enter into and perform such contracts and other undertakings on behalf of the Trust and any amendment thereto, as the Sponsor may deem necessary or advisable, and each of the Trust and the Administrative Trustee is hereby authorized and shall have the power and authority to enter into such agreements and perform its obligations thereunder.

AUTHORITY OF THE SPONSOR. Pursuant to Section 3806(b)(7) of the Act, the Sponsor is hereby granted the exclusive authority, and shall direct the actions of the Administrative Trustee, in the management of the Trust. The Sponsor shall have the exclusive authority to direct the Administrative Trustee to perform the Sponsor's ’s obligations and exercise its rights under this Trust Agreement. Without limiting the foregoing, the Sponsor shall have the authority to execute and deliver this Agreement Trust Agreement, the Distribution Agreement, and (without prejudice to any the Trustee’s similar power or and authority delegated pursuant to the Administrative Trustee in accordance with the terms of this AgreementSection 5.1) to enter into and perform such contracts and other undertakings on behalf of the Trust and any amendment thereto, as the Sponsor may deem necessary or advisable, advisable and each of the Trust and the Administrative Trustee is hereby authorized and shall have the power and authority to enter into such agreements and perform its obligations thereunder.

AUTHORITY OF THE SPONSOR. Pursuant to Section 3806(b)(7) of the Act, the Sponsor is hereby granted the exclusive authority, and shall direct the actions of the Administrative Trustee, in the management of the Trust. The Sponsor shall have the exclusive authority to direct the Administrative Trustee to perform the Sponsor's ’s obligations and exercise its rights under this Agreement. Without limiting the foregoing, the Sponsor shall have the authority to execute and deliver this Agreement Agreement, the Distribution Agreement, and (without prejudice to any power or authority delegated to the Administrative Trustee in accordance with the terms of this Agreement) to enter into and perform such contracts and other undertakings on behalf of the Trust and any amendment thereto, as the Sponsor may deem necessary or advisable, and each of the Trust Trust, the Trustee and the Administrative Delaware Trustee is hereby authorized and shall have the power and authority to enter into such agreements and perform its obligations thereunder.

AUTHORITY OF THE SPONSOR. Pursuant to Section 3806(b)(7) of the Act, the Sponsor is hereby granted the exclusive authority, and shall direct the actions of the Administrative Trustee, in the management of the Trust. The Sponsor shall have the exclusive authority to direct the Administrative Trustee to perform the Sponsor's ’s obligations and exercise its rights under this Trust Agreement. Without limiting the foregoing, the Sponsor shall have the authority to execute and deliver this Agreement Trust Agreement, the Distribution Agreement, and (without prejudice to any power or authority delegated to the Administrative Trustee in accordance with the terms of this Trust Agreement) to enter into and perform such contracts and other undertakings on behalf of the Trust and any amendment thereto, as the Sponsor may deem necessary or advisable, and each of the Trust Trust, the Trustee and the Administrative Delaware Trustee is hereby authorized and shall have the power and authority to enter into such agreements and perform its obligations thereunder.

AUTHORITY OF THE SPONSOR. Pursuant to Section 3806(b)(7) of the Act, the Sponsor is hereby granted the exclusive authority, and shall may direct the actions of the Administrative Trustee, in the management of the Trust. The Sponsor shall have the exclusive authority to direct the Administrative Trustee to perform the Sponsor's ’s obligations and exercise its rights under this Trust Agreement. Without limiting the foregoing, the Sponsor shall have the authority to execute and deliver this Agreement Trust Agreement, the Distribution Agreement, and (without prejudice to any the Trustee’s similar power or and authority delegated pursuant to the Administrative Trustee in accordance with the terms of this AgreementSection 5.1) to enter into and perform such contracts and other undertakings on behalf of the Trust and any amendment thereto, as the Sponsor may deem necessary or advisable, advisable and each of the Trust and the Administrative Trustee is hereby authorized and shall have the power and authority to enter into such agreements and perform its obligations thereunder.

AUTHORITY OF THE SPONSOR. Pursuant to Section 3806(b)(7) of the Act, the Sponsor is hereby granted the exclusive authority, and shall direct the actions of the Administrative Trustee, in the management of the Trust. The Sponsor shall have the exclusive authority to direct the Administrative Trustee to perform the Sponsor's obligations and exercise its rights under this Agreement. Without limiting the foregoing, the Sponsor shall have the authority to execute and deliver this Agreement Agreement, the Distribution Agreement, and (without prejudice to any power or authority delegated to the Administrative Trustee in accordance with the terms of this Agreement) to enter into and perform such contracts and other undertakings on behalf of the Trust and any amendment thereto, as the Sponsor may deem necessary or advisable, and each of the Trust Trust, the Trustee and the Administrative Delaware Trustee is hereby authorized and shall have the power and authority to enter into such agreements and perform its obligations thereunder.