Common use of Necessary Parties Clause in Contracts

Necessary Parties. ‌ The Trustee reserves the right to seek a judicial or administrative determination as to its proper course of action under this Agreement. To the extent permitted by Applicable Laws, only the Trustee, the Contributor, and the Beneficiary shall be necessary parties in any application to the Courts for an interpretation of this Agreement, and no other person having any interest in the Fund shall be entitled to any notice or service of process. Any final judgment entered in such an action or proceeding shall, to the extent permitted by law, be conclusive upon all persons.

Appears in 3 contracts

Samples: Vector Pipeline Abandonment Trust, Trust Agreement, Trust Agreement

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Necessary Parties. The Trustee reserves the right to seek a judicial or administrative determination as to its proper course of action under this Agreement. To the extent permitted by Applicable Laws, only the Trustee, the Contributor, and the Beneficiary Company shall be necessary parties in any application to the Courts for an interpretation of this Agreement, and no other person having any interest in the Fund shall be entitled to any notice or service of process. Any final judgment entered in such an action or proceeding shall, to the extent permitted by law, be conclusive upon all persons.

Appears in 3 contracts

Samples: Trust Agreement, Trust Agreement, Trust Agreement

Necessary Parties. The Trustee reserves the right to seek a judicial or administrative determination as to its proper course of action under this Agreement. To the extent permitted by Applicable Laws, only the Trustee, the Contributor, Trustee and the Beneficiary Company shall be necessary parties in any application to the Courts courts for an interpretation of this Agreement, and no other person having any interest in the Trust Fund shall be entitled to any notice or service of process. Any final judgment entered in such an action or proceeding shall, to the extent permitted by law, be conclusive upon all persons.

Appears in 3 contracts

Samples: Trust Agreement, Pipeline Reclamation Trust Agreement, Utopia Pipeline Reclamation Trust Agreement

Necessary Parties. The Trustee reserves the right to seek a judicial or administrative determination as to its proper course of action under this Agreement. To the extent permitted by Applicable Laws, only the Trustee, the Contributor, and the Primary Beneficiary shall be necessary parties in any application to the Courts courts for an interpretation of this Agreement, and no other person having any interest in the Trust Fund shall be entitled to any notice or service of process. Any final judgment entered in such an action or proceeding shall, to the extent permitted by law, be conclusive upon all persons.

Appears in 2 contracts

Samples: Brunswick Pipeline Reclamation Trust Agreement, Cochin Pipeline Reclamation Trust Agreement

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Necessary Parties. The Trustee reserves the right to seek a judicial or administrative determination as to its proper course of action under this Agreement. To The Beneficiaries named in the extent permitted by Applicable Laws, only list of Beneficiaries last provided to the Trustee, the Contributor, and the Beneficiary Trustee in accordance with Section 4.5 shall be necessary parties in provided with notice of any application to the Courts courts for an interpretation of this Agreement, and no other person having any interest in the Fund shall be entitled to any notice or service of process. Any final judgment entered in such an action or proceeding shall, to the extent permitted by law, be conclusive upon all persons.

Appears in 1 contract

Samples: Trust Agreement (AbitibiBowater Inc.)

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