Documents Requiring Trustee’s Consent Sample Clauses
The "Documents Requiring Trustee’s Consent" clause defines which documents or actions within a trust arrangement require the formal approval of the trustee before they can be executed or become effective. In practice, this clause typically lists specific agreements, amendments, or transactions—such as the sale of trust assets, changes to trust terms, or entering into significant contracts—that cannot proceed without the trustee’s written consent. Its core function is to ensure that the trustee maintains oversight and control over key decisions, thereby protecting the interests of the trust and its beneficiaries and preventing unauthorized or potentially harmful actions.
Documents Requiring Trustee’s Consent. The Manager will provide to the Trustee for its prior written consent draft copies of all agreements, literature, certificates, Disclosure Documents, continuous disclosure documents to be filed with Securities Authorities, advertisements, printed matter and other material which contain any reference to the Trustee or which relate to the functions being performed hereunder or which may affect the Trustee, except material which is circulated among or sent to employees, Unitholders and correspondence in the ordinary course of business and which merely reflects in accurate terms, information contained in the then current Disclosure Documents.