Common use of Competitive Transactions Clause in Contracts

Competitive Transactions. 1. For the account of the Trustee (including other Trust Assets accepted on trust by the Trustee) or the Interested Parties of the Trustee, the Trustee may conduct transactions similar to the transactions as set forth in Articles 22 and 23 hereof, to the extent they are not intended to harm the interests of the Beneficiaries. 2. In case of the preceding Paragraph, the Trustee shall not provide the notice under Article 32, Paragraph 3 of the Trust Act.

Appears in 3 contracts

Sources: Trust Agreement, Trust Agreement, Trust Agreement