Dealings with Trustees Sample Clauses

Dealings with Trustees. Persons dealing with the Trustees, including but not limited to banks, brokers, dealers, and insurers, shall be under no obligation to inquire concerning the validity of anything which the Trustees purport to do, nor need any person see to the proper application of any money paid or any property transferred upon the order of the Trustees or to inquire into the Trustees' authority as to any transaction.
Sample 1
AutoNDA by SimpleDocs
Dealings with Trustees. The Trustees may approve any agreement or contract with any party, including a Trustee or any entity with whom a Trustee may be affiliated, provided that (i) the proposed Amended Trust Agreement or contract has been presented to the Trustees, (ii) any possible conflict has been disclosed, (iii) the proposed transaction does not constitute a "prohibited transaction" as defined in ERISA, (iv) the Trustee involved in the possible conflict abstains from the discussion and the voting, and (v) a written record is established in the minutes of the Trustees.
Sample 1
Dealings with Trustees. No person, partnership, corporation or association dealing with the Trustees shall be obligated to see to the application of any funds or property of the Trust Fund, or to see that the terms of this Agreement and Declaration of Trust have been complied with, or be obligated to inquire into the necessity of any act of the Trustees; and every instrument effected by the Trustees, whether executed by all of them or in the manner specified in Article V, Section 2, shall be conclusive in favor of any person, partnership, corporation, or association relying thereon that:
Sample 1

Related to Dealings with Trustees

  • Dealings with Grantors Upon any application or demand by the Borrower or any Grantor to any Representative to take or permit any action under any of the provisions of this Agreement or under any Collateral Document (if such action is subject to the provisions hereof), at the request of such Representative, the Borrower or such Grantor, as appropriate, shall furnish to such Representative a certificate of a Responsible Officer (an “Officer’s Certificate”) stating that all conditions precedent, if any, provided for in this Agreement or such Collateral Document, as the case may be, relating to the proposed action have been complied with, except that in the case of any such application or demand as to which the furnishing of such documents is specifically required by any provision of this Agreement or any Collateral Document relating to such particular application or demand, no additional certificate or opinion need be furnished.

  • Trustee Dealings with Issuer The Trustee under the Indenture, in its individual or any other capacity, may become the owner or pledgee of Securities and may otherwise deal with the Issuer as if it were not the Trustee.

  • Trustee Dealings with the Company Subject to certain limitations set forth in the Indenture, the Trustee under the Indenture, in its individual or any other capacity, may become the owner or pledgee of Notes and may otherwise deal with and collect obligations owed to it by the Company or its Affiliates and may otherwise deal with the Company or its Affiliates with the same rights it would have if it were not Trustee.

  • Trustee Dealings with Company The Trustee, in its individual or any other capacity, may make loans to, accept deposits from, and perform services for the Company or its Affiliates, and may otherwise deal with the Company or its Affiliates, as if it were not the Trustee.

  • Trustee Dealings with the Issuers The Trustee under the Indenture, in its individual or any other capacity, may become the owner or pledgee of Notes and may otherwise deal with and collect obligations owed to it by the Issuers or their Affiliates and may otherwise deal with the Issuers or their Affiliates with the same rights it would have if it were not Trustee.

  • Trustee Dealings with the Issuer The Trustee under the Indenture, in its individual or any other capacity, may become the owner or pledgee of Notes and may otherwise deal with and collect obligations owed to it by the Issuer or its Affiliates and may otherwise deal with the Issuer or its Affiliates with the same rights it would have if it were not Trustee.

  • Dealings with Transfer Agents, Registrars, etc The Corporation and ParentCo irrevocably authorize the Trustee, from time to time, to:

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