Limits on Trustee's Powers Sample Clauses

Limits on Trustee's Powers. The Trustee shall have only the powers set forth in this Agreement. It is expressly understood and agreed by the parties hereto that under no circumstances shall the Trustee be personally liable for the payment of any indebtedness or expenses of this Agreement or be liable for the breach or failure of any obligation, representation, warranty or covenant made or undertaken by the Trustee under this Agreement, except as set forth in this Agreement.
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Limits on Trustee's Powers. Duties of the Trustee. The Trustee shall hold the Trust Shares in Trust for the benefit of the Beneficiaries according to this Trust Agreement. The Trustee shall have only the powers set forth in this Trust Agreement. The Trustee shall not be authorized to perform any act, or make any declaration, unless this Trust Agreement expressly provides for such action or declaration. Moreover, the Trustee shall hold the voting rights of the Trust Shares in accordance with this Section 3. No provision of the Trust Agreement shall be interpreted to impose any implied duties on the Trustee.
Limits on Trustee's Powers. The Trustee shall have only the powers set forth in this Trust Agreement. The Trustee shall not be bound to give any notice or do or take any action by virtue of the powers conferred on Trustee herein unless specifically required under this Trust Agreement. It is expressly understood and agreed by the parties hereto that under no circumstances shall the Trustee be personally liable for the payment of any expenses of this Trust Agreement except as set forth in Section 6.9, or be liable for the breach or failure of any obligation undertaken by the Trustee under this Trust Agreement, except as set forth in Section 6.9.
Limits on Trustee's Powers. Except as expressly provided in this Agreement, the Trustee shall not:

Related to Limits on Trustee's Powers

  • Trustee’s Powers At any time, or from time to time without liability therefor and without notice, upon written request of the Beneficiary and presentation of this Deed of Trust for endorsement, and without affecting the personal liability of any person for payment of the indebtedness secured hereby or the effect of this Deed of Trust upon the remainder of the Trust Property, the Trustee may (i) reconvey any part of the Trust Property, (ii) consent in writing to the making of any map or plat thereof, (iii) join in granting any easement thereon, or (iv) join in any extension agreement or any agreement subordinating the lien or charge hereof.

  • Restrictions on Trust Certificateholders’ Power The Trust Certificateholders shall not direct the Owner Trustee to take or to refrain from taking any action if such action or inaction would be contrary to any obligation of the Securitization Trust or the Owner Trustee under this Agreement or any of the Program Documents or would be contrary to Section 2.3 or 6.3, nor shall the Owner Trustee be obligated to follow any such direction, if given.

  • Trustee Powers The Trustee shall have the following powers and authority:

  • Statutory Powers For the purposes of all powers implied by statute the Secured Obligations shall be deemed to have become due and payable on the date of this Assignment.

  • Restrictions on the Certificateholders’ Power The Certificateholders shall not direct the Owner Trustee to take or refrain from taking any action if such action or inaction would be contrary to any obligations of the Trust or of the Owner Trustee under any of the Basic Documents or would be contrary to Section 2.03 nor shall the Owner Trustee be obligated to follow any such direction, if given.

  • Obligations on Termination If this Agreement is completed, expires, or is terminated in whole or in part for any reason, then:

  • Restrictions on Certificateholders’ Power The Certificateholders shall not direct the Owner Trustee to take or to refrain from taking any action if such action or inaction would be contrary to any obligation of the Trust or the Owner Trustee under this Trust Agreement or any of the Basic Documents or would be contrary to Section 2.03, nor shall the Owner Trustee be obligated to follow any such direction, if given.

  • Limitations on Transfer In addition to any other limitation on transfer created by applicable securities laws, Purchaser shall not assign, encumber or dispose of any interest in the Shares except in compliance with the provisions below and applicable securities laws.

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