Limitations on Powers. (i) The Trust shall not conduct, continue or engage in any trade or business, except to the extent the Trustee would be deemed to engage in any such trade or business in performing the duties expressly required under the terms of this Agreement. (ii) The Trustee shall have no authority to do any action other than as expressly set forth herein.
Appears in 3 contracts
Sources: Stockholder Distribution Trust Agreement (FX Real Estate & Entertainment Inc.), Stockholder Distribution Trust Agreement (FX Real Estate & Entertainment Inc.), Trust Agreement (FX Real Estate & Entertainment Inc.)