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"termination-of-the-trust", "type": "clause", "offset": [13587, 13611]}, {"key": "future-law", "type": "clause", "offset": [13711, 13721]}, {"key": "court-order", "type": "definition", "offset": [13818, 13829]}], "snippet": "Subject to the provisions of this Declaration of Trust, the business of the Trust shall be managed by the Trustees, and the Trustees shall have all powers necessary or convenient to carry out that responsibility including the power to engage in securities transactions of all kinds on behalf of the Trust. Without limiting the foregoing, the Trustees may: adopt By-Laws providing for the regulation and management of the affairs of the Trust and may amend and repeal such By-Laws; enlarge or reduce their number and fill vacancies caused by enlargement of their number or by the death, declination to serve, resignation, retirement, removal or incapacity of a Trustee; elect and remove, with or without cause, such officers and appoint and terminate such agents as they consider appropriate; appoint from their own number and establish and terminate one or more committees consisting of one or more Trustees which may exercise the powers and authority of the Board of Trustees to the extent that the Trustees determine, including a committee consisting of fewer than all of the Trustees then in office, which may act for and bind the Trustees and the Trust, with respect to the institution, prosecution, dismissal, settlement, review or investigation of any legal action, suit or proceeding, pending or threatened to be brought before any court, administrative agency or other adjudicatory body; employ one or more custodians of the assets of the Trust and authorize such custodians to employ subcustodians and to deposit all or any part of such assets in a system or systems for the central handling of securities or with a Federal Reserve Bank; retain a transfer or similar agent or a shareholder servicing agent, or both; provide for the issuance and distribution of Shares by the Trust directly or through one or more Principal Underwriters, or both, or otherwise, including pursuant to one or more distribution plans of any kind; set record dates for the determination of Shareholders with respect to various matters; establish a registered office and have a registered agent in the State of Delaware; and declare and pay dividends and distributions to Shareholders. The Trustees have the power to construe and interpret this Declaration of Trust and to act upon any such construction or interpretation. Any construction or interpretation of this Declaration of Trust by the Trustees and any action taken pursuant thereto and any determination as to what is in the interests of the Trust and the Shareholders made by the Trustees in good faith shall, in each case, be conclusive and binding on all Shareholders and all other Persons for all purposes. In construing the provisions of this Declaration of Trust, the presumption shall be in favor of a grant of power to the Trustees. Except as required by federal law including the 1940 Act, neither the Trustees nor any officer of the Trust shall owe any fiduciary duty to the Trust or any Series or Class or any Shareholder. Unless otherwise expressly provided herein or required by federal law including the 1940 Act, the Trustees shall act in their sole discretion and may take any action or exercise any power without any vote or consent of the Shareholders. Without limiting the foregoing, the Trustees shall have the power and authority to cause the Trust (or to act on behalf of the Trust):\n(a) To invest and reinvest cash, to hold cash uninvested, and to subscribe for, invest in, reinvest in, purchase or otherwise acquire, own, hold, pledge, mortgage, hypothecate, lease, sell, assign, transfer, exchange, distribute, write options on, lend or otherwise deal in, or dispose of, any form of property, including foreign currencies and related instruments and contracts for the future acquisition or delivery of fixed income or other securities, and securities of every nature and kind, including all types of bonds, debentures, stocks, warrants, time notes, negotiable or non-negotiable instruments, obligations, evidences of indebtedness, certificates of deposit or indebtedness, commercial paper, repurchase agreements, reverse repurchase agreements, dollar rolls, convertible securities, forward contracts, options, futures contracts, swaps, other financial contracts or derivative instruments and securities issued by an investment company registered under the 1940 Act or any series thereof, bankers\u2019 acceptances, and other securities of any kind, issued, created, guaranteed, or sponsored by any and all Persons, including states, territories, and possessions of the United States and the District of Columbia and any political subdivision, agency, or instrumentality thereof, any foreign government or any political subdivision of the U.S. Government or any foreign government, or any international instrumentality, or by any bank or savings institution, or by any corporation or organization organized under the laws of the United States or of any state, territory, or possession thereof, or by any corporation or organization organized under any foreign law, or in \u201cwhen issued\u201d contracts for any such securities, to change the investments of the assets of the Trust; and to exercise any and all rights, powers, and privileges of ownership or interest in respect of any and all such investments of every kind and description, including the right to consent and otherwise act with respect thereto, with power to designate one or more Persons to exercise any of said rights, powers, and privileges in respect of any of said instruments;\n(b) To purchase, sell and hold currencies and enter into contracts for the future purchase or sale of currencies, including forward foreign currency exchange contracts;\n(c) To sell, exchange or otherwise dispose of, lend, pledge, mortgage, hypothecate, lease, or write options (including, options on futures contracts) with respect to or otherwise deal in any property rights relating to any or all of the assets of the Trust or any Series;\n(d) To vote or give assent, or exercise any rights of ownership, with respect to stock or other securities or property; and to execute and deliver proxies or powers of attorney to such Person or Persons as the Trustees shall deem proper, granting to such Person or Persons such power and discretion with relation to securities or property as the Trustees shall deem proper;\n(e) To exercise powers and right of subscription or otherwise which in any manner arise out of ownership of securities;\n(f) To hold any security or property in a form not indicating any trust, whether in bearer, book entry, unregistered or other negotiable form, or in its own name or in the name of a Trustee or in the name of a custodian or subcustodian or a nominee or nominees or otherwise;\n(g) To consent to or participate in any plan for the reorganization, consolidation or merger of any corporation or issuer of any security which is held in the Trust; to consent to any contract, lease, mortgage, purchase or sale of property by such corporation or issuer; and to pay calls or subscriptions with respect to any security held in the Trust;\n(h) To join with other security holders in acting through a committee, depository, voting trustee or otherwise, and in that connection to deposit any security with, or transfer any security to, any such committee, depository or trustee, and to delegate to them such power and authority with relation to any security (whether or not so deposited or transferred) as the Trustees shall deem proper, and to agree to pay, and to pay, such portion of the expenses and compensation of such committee, depository or trustee as the Trustees shall deem proper;\n(i) To compromise, arbitrate or otherwise adjust claims in favor of or against the Trust or any matter in controversy, including claims for taxes;\n(j) To enter into joint ventures, general or limited partnerships and any other combinations or associations;\n(k) To borrow funds or other property or otherwise obtain credit in the name of the Trust or Series exclusively for Trust (or such Series) purposes and in connection therewith issue notes or other evidence of indebtedness; and to mortgage, pledge or otherwise subject as security the Trust Property or any part thereof to secure any or all of such indebtedness, including the lending of portfolio securities;\n(l) To endorse or guarantee the payment, or undertake the performance, of any notes or other contracts, engagements or obligations of any Person; to make contracts of guaranty or suretyship, or otherwise assume liability for payment thereof; and to mortgage and pledge the Trust Property or any part thereof to secure any of or all of such obligations;\n(m) To purchase and pay for entirely out of Trust Property, or the assets belonging to any appropriate Series, such insurance as the Trustees may deem necessary or appropriate for the conduct of the business, including insurance policies insuring the assets of the Trust or payment of distributions and principal on its portfolio investments, and insurance policies insuring the Shareholders, Trustees, officers, employees, agents, investment advisers or Managers, Principal Underwriters, or independent contractors of the Trust, individually against all claims and liabilities of every nature arising by reason of holding Shares, holding, being or having held any such office or position, or by reason of any action alleged to have been taken or omitted by any such Person as Trustee, officer, employee, agent, investment adviser or Manager, Principal Underwriter, or independent contractor, including any action taken or omitted that may be determined to constitute negligence, whether or not the Trust would have the power to indemnify such Person against liability;\n(n) To adopt, establish and carry out pension, profit-sharing, share bonus, share purchase, savings, thrift and other retirement, incentive and benefit plans and trusts, including the purchasing of life insurance and annuity contracts as a means of providing such retirement and other benefits, for any or all of the Trustees, officers, employees and agents of the Trust;\n(o) To operate as and carry out the business of an investment company registered under the 1940 Act, and exercise all the powers necessary or appropriate to the conduct of such operations;\n(p) To employ one or more banks, trust companies or companies that are members of a national securities exchange or such other entities as the Commission may permit as custodians of any assets of the Trust subject to any conditions set forth in this Declaration of Trust or in the By-Laws;\n(q) To establish separate and distinct Series with separately defined investment objectives and policies, distinct investment purposes and separate Shares representing beneficial interests in such Series, and to establish separate Classes of the Trust or any Series, all in accordance with the provisions of Article III;\n(r) To interpret the investment policies, practices or limitations of the Trust or any Series or Class;\n(s) To the fullest extent permitted by Section 3804 of the Delaware Act, to allocate assets and liabilities of the Trust to a particular Series, and liabilities to a particular Class, or to apportion the same between or among two (2) or more Series or Classes, as provided for in Article III;\n(t) To invest part or all of the Trust Property (or part or all of the assets of any Series), or to dispose of part or all of the Trust Property (or part or all of the assets of any Series) and invest the proceeds of such disposition, in securities issued by one or more other investment companies registered under the 1940 Act (including investment by means of transfer of part or all of the Trust Property in exchange for an interest or interests in such one or more investment companies) all without any requirement of approval by Shareholders unless required by the 1940 Act. Any such other investment company may (but need not) be a trust (formed under the laws of the State of Delaware or of any other state) which is classified as a partnership for federal income tax purposes;\n(u) To declare and make distributions of income and capital gains to Shareholders;\n(v) To provide for separate classes, groups or series of Trustees with respect to any Series or Class or any Trust Property having such relative rights, powers and duties as the Trustees may determine;\n(w) To issue, sell, repurchase, redeem, cancel, retire, acquire, hold, resell, reissue, transfer, dispose of and otherwise deal in Shares pursuant to applicable federal law; to establish terms and conditions including any fees or expenses regarding the issuance, sale, repurchase, redemption, cancellation, retirement, acquisition, holding, resale, reissuance, disposition of or dealing in Shares; and, subject to Articles III and VI, to apply to any such repurchase, redemption, retirement, cancellation or acquisition of Shares any funds or property of the Trust or of any particular Series with respect to which such Shares are issued;\n(x) To enter into contracts of any kind and description and carry on any other business in connection with or incidental to any of the foregoing powers, to do everything necessary or desirable to accomplish any purpose or to further any of the foregoing powers, and to take every other action incidental to the foregoing business or purposes, objects or powers; and\n(y) Subject to the 1940 Act, to engage in any other lawful act or activity in which a statutory trust organized under the Delaware Act may engage. The Trust shall not be limited to investing in obligations maturing before the possible termination of the Trust or one or more of its Series. The Trust shall not in any way be bound or limited by any present or future law or custom in regard to investment by fiduciaries. The Trust shall not be required to obtain any court order to deal with any assets of the Trust or take any other action hereunder.", "size": 660, "samples": [{"hash": "ly5cjg3BsFM", "uri": "/contracts/ly5cjg3BsFM#powers", "label": "Agreement and Declaration of Trust (Calamos Antetokounmpo Sustainable Equities Trust)", "score": 34.0595474243, "published": true}, {"hash": "4Lod3FZkXTS", "uri": "/contracts/4Lod3FZkXTS#powers", "label": "Agreement and Declaration of Trust (Calamos Antetokounmpo Sustainable Equities Trust)", "score": 33.8405189514, "published": true}, {"hash": "97RldFXzp5Q", "uri": "/contracts/97RldFXzp5Q#powers", "label": "Trust Agreement (OFI SteelPath Series Trust)", "score": 30.1170425415, "published": true}], "hash": "233b0fb0c1037118dfd6acf5302fbadc", "id": 4}, {"snippet_links": [{"key": "the-partnership", "type": "definition", "offset": [0, 15]}, {"key": "be-empowered", "type": "clause", "offset": [22, 34]}, {"key": "incidental-to", "type": "definition", "offset": [112, 125]}, {"key": "purposes-and-business", "type": "clause", "offset": [186, 207]}, {"key": "section-24", "type": "clause", "offset": [221, 232]}], "snippet": "The Partnership shall be empowered to do any and all acts and things necessary, appropriate, proper, advisable, incidental to or convenient for the furtherance and accomplishment of the purposes and business described in Section 2.4 and for the protection and benefit of the Partnership.", "size": 908, "samples": [{"hash": "blPYZZOqAG2", "uri": "/contracts/blPYZZOqAG2#powers", "label": "Limited Partnership Agreement (CVR Energy Inc)", "score": 37.3230667114, "published": true}, {"hash": "3aR1h5wyzp0", "uri": "/contracts/3aR1h5wyzp0#powers", "label": "Limited Partnership Agreement (CVR Partners, Lp)", "score": 37.3230667114, "published": true}, {"hash": "8DfkMoeh9ul", "uri": "/contracts/8DfkMoeh9ul#powers", "label": "Limited Partnership Agreement (Sunoco LP)", "score": 36.7125244141, "published": true}], "hash": "8d8e4b5920c74a4b0081002b422fad22", "id": 2}, {"snippet_links": [{"key": "the-agent-shall", "type": "clause", "offset": [0, 15]}, {"key": "the-loan-documents", "type": "clause", "offset": [56, 74]}, {"key": "terms-of", "type": "clause", "offset": [125, 133]}, {"key": "no-implied-duties", "type": "clause", "offset": [233, 250]}, {"key": "the-lenders", "type": "clause", "offset": [254, 265]}, {"key": "obligation-to", "type": "clause", "offset": [274, 287]}, {"key": "any-action", "type": "definition", "offset": [308, 318]}, {"key": "documents-to-be", "type": "clause", "offset": [382, 397]}, {"key": "by-the-agent", "type": "clause", "offset": [404, 416]}], "snippet": "The Agent shall have and may exercise such powers under the Loan Documents as are specifically delegated to the Agent by the terms of each thereof, together with such powers as are reasonably incidental thereto. The Agent shall have no implied duties to the Lenders, or any obligation to the Lenders to take any action thereunder except any action specifically provided by the Loan Documents to be taken by the Agent.", "size": 607, "samples": [{"hash": "lKHONXNEkMm", "uri": "/contracts/lKHONXNEkMm#powers", "label": "Credit Agreement (Portland General Electric Co /Or/)", "score": 37.2245025635, "published": true}, {"hash": "bJZzw17QkDG", "uri": "/contracts/bJZzw17QkDG#powers", "label": "Credit Agreement (Star Group, L.P.)", "score": 35.7488021851, "published": true}, {"hash": "7ARGvjYc2Jx", "uri": "/contracts/7ARGvjYc2Jx#powers", "label": "Bridge Credit Agreement (Portland General Electric Co /Or/)", "score": 33.8131408691, "published": true}], "hash": "3d6743ae22002fb3bfe7d50b9c535d91", "id": 6}, {"snippet_links": [{"key": "the-company-shall", "type": "clause", "offset": [0, 17]}, {"key": "be-empowered", "type": "clause", "offset": [18, 30]}, {"key": "incidental-to", "type": "definition", "offset": [108, 121]}, {"key": "purposes-and-business", "type": "clause", "offset": [182, 203]}, {"key": "section-24", "type": "clause", "offset": [217, 228]}, {"key": "of-the-company", "type": "clause", "offset": [264, 278]}], "snippet": "The Company shall be empowered to do any and all acts and things necessary, appropriate, proper, advisable, incidental to or convenient for the furtherance and accomplishment of the purposes and business described in Section 2.4 and for the protection and benefit of the Company.", "size": 446, "samples": [{"hash": "3XJVJYhkTxx", "uri": "/contracts/3XJVJYhkTxx#powers", "label": "Agreement of Limited Partnership (Hess Midstream LP)", "score": 37.1505813599, "published": true}, {"hash": "Qz2YtVowJk", "uri": "/contracts/Qz2YtVowJk#powers", "label": "Limited Liability Company Agreement (Viper Energy, Inc.)", "score": 36.9945259094, "published": true}, {"hash": "6lxFW0oEOFr", "uri": "/contracts/6lxFW0oEOFr#powers", "label": "Limited Liability Company Agreement (SunocoCorp LLC)", "score": 36.8384666443, "published": true}], "hash": "86d3656ed7e971e32ca4407e9c6f42f4", "id": 7}, {"snippet_links": [{"key": "agent-shall", "type": "definition", "offset": [19, 30]}, {"key": "the-loan-documents", "type": "clause", "offset": [71, 89]}, {"key": "administrative-agent-by", "type": "definition", "offset": [127, 150]}, {"key": "terms-of", "type": "clause", "offset": [155, 163]}, {"key": "no-implied-duties", "type": "clause", "offset": [278, 295]}, {"key": "the-lenders", "type": "clause", "offset": [299, 310]}, {"key": "obligation-to", "type": "clause", "offset": [319, 332]}, {"key": "any-action", "type": "definition", "offset": [353, 363]}, {"key": "documents-to-be", "type": "clause", "offset": [427, 442]}], "snippet": "The Administrative Agent shall have and may exercise such powers under the Loan Documents as are specifically delegated to the Administrative Agent by the terms of each thereof, together with such powers as are reasonably incidental thereto. The Administrative Agent shall have no implied duties to the Lenders, or any obligation to the Lenders to take any action thereunder except any action specifically provided by the Loan Documents to be taken by the Administrative Agent.", "size": 639, "samples": [{"hash": "5v1Qv36P98i", "uri": "/contracts/5v1Qv36P98i#powers", "label": "Credit Agreement (Jack Henry & Associates Inc)", "score": 37.2299804688, "published": true}, {"hash": "e5N3DwzSO9W", "uri": "/contracts/e5N3DwzSO9W#powers", "label": "Unsecured Term Loan Agreement (First Industrial Lp)", "score": 37.0602340698, "published": true}, {"hash": "bJulfxh99Wi", "uri": "/contracts/bJulfxh99Wi#powers", "label": "Unsecured Term Loan Agreement (First Industrial Lp)", "score": 37.0602340698, "published": true}], "hash": "6a6192cc730a6a5bf78be42292718c1b", "id": 5}, {"snippet_links": [{"key": "subject-to", "type": "clause", "offset": [36, 46]}, {"key": "provisions-of-this-agreement", "type": "clause", "offset": [58, 86]}, {"key": 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"the-execution", "type": "clause", "offset": [890, 903]}, {"key": "otherwise-dispose-of", "type": "definition", "offset": [1088, 1108]}, {"key": "borrow-money", "type": "clause", "offset": [1245, 1257]}, {"key": "evidences-of-indebtedness", "type": "clause", "offset": [1268, 1293]}, {"key": "assets-of-the-company", "type": "definition", "offset": [1416, 1437]}, {"key": "payment-of-the", "type": "clause", "offset": [1499, 1513]}, {"key": "pursuant-to-the-provisions", "type": "clause", "offset": [1519, 1545]}, {"key": "indebtedness-of-the-company", "type": "definition", "offset": [1648, 1675]}, {"key": "or-modifications", "type": "clause", "offset": [1739, 1755]}, {"key": "security-agreement", "type": "definition", "offset": [1775, 1793]}, {"key": "without-limitation", "type": "clause", "offset": [1894, 1912]}, {"key": "contracts-with", "type": "clause", "offset": [1914, 1928]}, {"key": "affiliated-with", "type": "definition", "offset": [1950, 1965]}, {"key": "the-member", "type": 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otherwise engage employees, managers, contractors, advisors, attorneys and consultants and pay reasonable compensation for such services;\n(j) Enter into partnerships, limited liability companies, trusts, associations, corporations or other ventures with other persons or entities in furtherance of the purposes of the Company; and\n(k) Do such other things and engage in such other activities related to the foregoing as may be necessary, convenient or incidental to the conduct of the business of the Company, and have and exercise all of the powers and rights conferred upon limited liability companies formed pursuant to the Act.", "size": 376, "samples": [{"hash": "hhobSnbPnda", "uri": "/contracts/hhobSnbPnda#powers", "label": "Limited Liability Company Agreement (Hot Springs Cottages Owner, LLC)", "score": 24.2867889404, "published": true}, {"hash": "gs2vi4pJj0X", "uri": "/contracts/gs2vi4pJj0X#powers", "label": "Limited Liability Company Agreement (Hot Springs Cottages Owner, LLC)", 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"savings-institution", "type": "definition", "offset": [3970, 3989]}, {"key": "laws-of-the-united-states", "type": "definition", "offset": [4049, 4074]}, {"key": "any-state", "type": "definition", "offset": [4081, 4090]}, {"key": "foreign-law", "type": "clause", "offset": [4184, 4195]}, {"key": "investments-of-the", "type": "clause", "offset": [4337, 4355]}, {"key": "to-exercise", "type": "clause", "offset": [4381, 4392]}, {"key": "all-rights", "type": "clause", "offset": [4401, 4411]}, {"key": "privileges-of-ownership", "type": "clause", "offset": [4425, 4448]}, {"key": "in-respect-of", "type": "definition", "offset": [4461, 4474]}, {"key": "and-description", "type": "clause", "offset": [4518, 4533]}, {"key": "right-to-consent", "type": "clause", "offset": [4549, 4565]}, {"key": "to-sell", "type": "clause", "offset": [4749, 4756]}, {"key": "property-rights", "type": "clause", "offset": [4870, 4885]}, {"key": "relating-to", "type": "definition", "offset": [4886, 4897]}, {"key": "rights-of-ownership", "type": "clause", "offset": [4995, 5014]}, {"key": "execute-and-deliver", "type": "clause", "offset": [5078, 5097]}, {"key": "powers-of-attorney", "type": "clause", "offset": [5109, 5127]}, {"key": "person-or-persons", "type": "definition", "offset": [5136, 5153]}, {"key": "exercise-powers", "type": "clause", "offset": [5332, 5347]}, {"key": "right-of", "type": "clause", "offset": [5352, 5360]}, {"key": "ownership-of-securities", "type": "clause", "offset": [5420, 5443]}, {"key": "trust-property", "type": "definition", "offset": [5518, 5532]}, {"key": "negotiable-form", "type": "clause", "offset": [5575, 5590]}, {"key": "a-nominee", "type": "definition", "offset": [5660, 5669]}, {"key": "the-custodian", "type": "definition", "offset": [5711, 5724]}, {"key": "securities-depository", "type": "clause", "offset": [5793, 5814]}, {"key": "each-case", "type": "definition", "offset": [5827, 5836]}, {"key": "the-1940-act", "type": "definition", "offset": [5869, 5881]}, 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"in-controversy", "type": "clause", "offset": [6923, 6937]}, {"key": "not-limited", "type": "clause", "offset": [6953, 6964]}, {"key": "claims-for-taxes", "type": "clause", "offset": [6968, 6984]}, {"key": "to-enter", "type": "definition", "offset": [6990, 6998]}, {"key": "joint-ventures", "type": "definition", "offset": [7004, 7018]}, {"key": "limited-partnerships", "type": "definition", "offset": [7031, 7051]}, {"key": "borrow-funds", "type": "clause", "offset": [7103, 7115]}, {"key": "other-property", "type": "clause", "offset": [7119, 7133]}, {"key": "name-of-the-trust", "type": "clause", "offset": [7141, 7158]}, {"key": "the-payment", "type": "clause", "offset": [7246, 7257]}, {"key": "obligations-of", "type": "clause", "offset": [7280, 7294]}, {"key": "any-person", "type": "definition", "offset": [7295, 7305]}, {"key": "make-contracts", "type": "clause", "offset": [7310, 7324]}, {"key": "guaranty-or-suretyship", "type": "clause", "offset": [7328, 7350]}, {"key": "liability-for-payment", "type": "clause", "offset": [7372, 7393]}, {"key": "pay-for", "type": "definition", "offset": [7423, 7430]}, {"key": "conduct-of-the-business", "type": "definition", "offset": [7546, 7569]}, {"key": "insurance-policies", "type": "definition", "offset": [7581, 7599]}, {"key": "distributions-and", "type": "clause", "offset": [7647, 7664]}, {"key": "portfolio-investments", "type": "definition", "offset": [7682, 7703]}, {"key": "and-insurance", "type": "clause", "offset": [7705, 7718]}, {"key": "independent-contractors", "type": "definition", "offset": [7841, 7864]}, {"key": "claims-and-liabilities", "type": "definition", "offset": [7904, 7926]}, {"key": "holding-shares", "type": "definition", "offset": [7964, 7978]}, {"key": "any-action", "type": "definition", "offset": [8055, 8065]}, {"key": "as-trustee", "type": "clause", "offset": [8123, 8133]}, {"key": "action-taken", "type": "definition", "offset": [8245, 8257]}, {"key": "power-to-indemnify", "type": "clause", "offset": [8358, 8376]}, {"key": "share-bonus", "type": "clause", "offset": [8471, 8482]}, {"key": "share-purchase", "type": "definition", "offset": [8484, 8498]}, {"key": "other-retirement", "type": "definition", "offset": [8520, 8536]}, {"key": "incentive-and-benefit-plans", "type": "clause", "offset": [8538, 8565]}, {"key": "insurance-and-annuity-contracts", "type": "clause", "offset": [8623, 8654]}, {"key": "retirement-and-other-benefits", "type": "clause", "offset": [8684, 8713]}, {"key": "agents-of-the-trust", "type": "clause", "offset": [8771, 8790]}, {"key": "engage-in-any", "type": "definition", "offset": [8828, 8841]}, {"key": "statutory-trust", "type": "clause", "offset": [8882, 8897]}, {"key": "delaware-act", "type": "definition", "offset": [8918, 8930]}, {"key": "termination-of-the-trust", "type": "clause", "offset": [9031, 9055]}, {"key": "future-law", "type": "clause", "offset": [9155, 9165]}, {"key": "court-order", "type": "definition", "offset": [9262, 9273]}, {"key": "other-action", "type": "definition", "offset": [9323, 9335]}], "snippet": "Subject to the provisions of this Declaration of Trust, the business of the Trust shall be managed by the Board of Trustees, and such Board of Trustees shall have all powers necessary or convenient to carry out that responsibility including the power to engage in transactions of all kinds on behalf of the Trust. Trustees, in all instances, shall act as principals and are and shall be free from the control of the Shareholders. The Trustees shall have full power and authority to do any and all acts and to make and execute any and all contracts, documents and instruments that they may consider desirable, necessary or appropriate in connection with the administration of the Trust. Without limiting the foregoing, the Trustees may: adopt, amend and repeal By-Laws not inconsistent with this Declaration of Trust providing for the regulation and management of the affairs of the Trust; elect and remove such officers and appoint and terminate such agents as they consider appropriate; appoint from their own number and establish and terminate one or more committees consisting of one or more Trustees who may exercise the powers and authority of the Board of Trustees to the extent that the Trustees determine; employ one or more custodians of the assets of the Trust and may authorize such custodians to employ subcustodians and to deposit all or any part of such assets in a system or systems for the central handling of securities or with a Federal Reserve Bank, retain a transfer agent or a shareholder servicing agent, or both; provide for the issuance and distribution of Shares by the Trust directly or through one or more Principal Underwriters or otherwise; redeem, repurchase and transfer Shares pursuant to applicable federal law; set record dates for the determination of Shareholders with respect to various matters; declare and pay dividends and distributions to Shareholders of each Series from the assets of such Series; establish from time to time, in accordance with the provisions of Article III, Section 6 hereof, any Series of Shares, each such Series to operate as a separate and distinct investment medium and with separately defined investment objectives and policies and distinct investment purpose; and in general delegate such authority as they consider desirable to any officer of the Trust, to any committee of the Trustees and to any agent or employee of the Trust or to any such custodian, transfer or shareholder servicing agent, Investment Adviser or Principal Underwriter. Any determination as to what is in the interests of the Trust made by the Trustees in good faith shall be conclusive. In construing the provisions of this Declaration of Trust, the presumption shall be in favor of a grant of power to the Trustees. Without limiting the foregoing, the Trust shall have power and authority:\n(a) To invest and reinvest cash and cash items, to hold cash uninvested, and to subscribe for, invest in, reinvest in, purchase or otherwise acquire, own, hold, pledge, sell, assign, transfer, exchange, distribute, write options on, lend or otherwise deal in or dispose of contracts for the future acquisition or delivery of all types of securities, futures contracts and options thereon, and forward currency contracts of every nature and kind, including all types of bonds, debentures, stocks, preferred stocks, negotiable or non-negotiable instruments, obligations, evidences of indebtedness, certificates of deposit or indebtedness, commercial paper, repurchase agreements, bankers' acceptances, and other securities of any kind, issued, created, guaranteed, or sponsored by any and all Persons, including states, territories, and possessions of the United States and the District of Columbia and any political subdivision, agency, or instrumentality thereof, any foreign government or any political subdivision of the U.S. Government or any foreign government, or any international instrumentality or organization, or by any bank or savings institution, or by any corporation or organization organized under the laws of the United States or of any state, territory, or possession thereof, or by any corporation or organization organized under any foreign law, or in \"when issued\" contracts for any such securities, futures contracts and options thereon, and forward currency contracts, to change the investments of the assets of the Trust; and to exercise any and all rights, powers, and privileges of ownership or interest in respect of any and all such investments of every kind and description, including the right to consent and otherwise act with respect thereto, with power to designate one or more Persons, to exercise any of said rights, powers, and privileges in respect of any of said instruments;\n(b) To sell, exchange, lend, pledge, mortgage, hypothecate, lease, or write options with respect to or otherwise deal in any property rights relating to any or all of the assets of the Trust or any Series;\n(c) To vote or give assent, or exercise any rights of ownership, with respect to stock or other securities or property; and to execute and deliver proxies or powers of attorney to such person or persons as the Trustees shall deem proper, granting to such person or persons such power and discretion with relation to securities or property as the Trustees shall deem proper;\n(d) To exercise powers and right of subscription or otherwise which in any manner arise out of ownership of securities;\n(e) To hold any security or property in a form not indicating that it is trust property, whether in bearer, unregistered or other negotiable form, or in its own name or in the name of a custodian or subcustodian or a nominee or nominees or otherwise or to authorize the custodian or a subcustodian or a nominee or nominees to deposit the same in a securities depository, subject in each case to the applicable provisions of the 1940 Act;\n(f) To consent to, or participate in, any plan for the reorganization, consolidation or merger of any corporation or issuer of any security which is held in the Trust; to consent to any contract, lease, mortgage, purchase or sale of property by such corporation or issuer; and to pay calls or subscriptions with respect to any security held in the Trust;\n(g) To join with other security holders in acting through a committee, depository, voting trustee or otherwise, and in that connection to deposit any security with, or transfer any security to, any such committee, depository or trustee, and to delegate to them such power and authority with relation to any security (whether or not so deposited or transferred) as the Trustees shall deem proper, and to agree to pay, and to pay, such portion of the expenses and compensation of such committee, depository or trustee as the Trustees shall deem proper;\n(h) To litigate, compromise, arbitrate, settle or otherwise adjust claims in favor of or against the Trust or a Series, or any matter in controversy, including but not limited to claims for taxes;\n(i) To enter into joint ventures, general or limited partnerships and any other combinations or associations;\n(j) To borrow funds or other property in the name of the Trust or Series exclusively for Trust (or such Series) purposes;\n(k) To endorse or guarantee the payment of any notes or other obligations of any Person; to make contracts of guaranty or suretyship, or otherwise assume liability for payment thereof;\n(l) To purchase and pay for entirely out of Trust Property such insurance as the Trustees may deem necessary, desirable or appropriate for the conduct of the business, including insurance policies insuring the assets of the Trust or payment of distributions and principal on its portfolio investments, and insurance policies insuring the Shareholders, Trustees, officers, employees, agents, Investment Adviser, principal underwriters, or independent contractors of the Trust, individually against all claims and liabilities of every nature arising by reason of holding Shares, holding, being or having held any such office or position, or by reason of any action alleged to have been taken or omitted by any such Person as Trustee, officer, employee, agent, Investment Adviser, Principal Underwriter, or independent contractor, including any action taken or omitted that may be determined to constitute negligence, whether or not the Trust would have the power to indemnify such Person against liability;\n(m) To adopt, establish and carry out pension, profit-sharing, share bonus, share purchase, savings, thrift and other retirement, incentive and benefit plans, trusts and provisions, including the purchasing of life insurance and annuity contracts as a means of providing such retirement and other benefits, for any or all of the Trustees, officers, employees and agents of the Trust; and\n(n) Subject to the 1940 Act, to engage in any other lawful act or activity in which a statutory trust organized under the Delaware Act may engage. The Trust shall not be limited to investing in obligations maturing before the possible termination of the Trust or one or more of its Series. The Trust shall not in any way be bound or limited by any present or future law or custom in regard to investment by fiduciaries. The Trust shall not be required to obtain any court order to deal with any assets of the Trust or take any other action hereunder.", "size": 415, "samples": [{"hash": "jzgZDT2E8uu", "uri": "/contracts/jzgZDT2E8uu#powers", "label": "Amendment to Agreement and Declaration of Trust (Vanguard CMT Funds)", "score": 35.4257354736, "published": true}, {"hash": "bJDYrnZhmPL", "uri": "/contracts/bJDYrnZhmPL#powers", "label": "Amended and Restated Agreement and Declaration of Trust (Vanguard Whitehall Funds)", "score": 34.8316230774, "published": true}, {"hash": "ipfDIZ6zMJZ", "uri": "/contracts/ipfDIZ6zMJZ#powers", "label": "Amendment to Agreement and Declaration of Trust (Vanguard New Jersey Tax-Free Funds)", "score": 34.2375068665, "published": true}], "hash": "07b48859aee9b4ff836aa70aed95a4b1", "id": 8}, {"snippet_links": [{"key": "in-all-instances", "type": "clause", "offset": [13, 29]}, {"key": "of-the-shareholders", "type": "clause", "offset": [98, 117]}, {"key": "authority-to", "type": 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1392]}, {"key": "principal-underwriter", "type": "definition", "offset": [1410, 1431]}, {"key": "by-the-trust", "type": "clause", "offset": [1472, 1484]}, {"key": "pursuant-to-a", "type": "clause", "offset": [1515, 1528]}, {"key": "plan-of-distribution", "type": "definition", "offset": [1529, 1549]}, {"key": "business-of-the-trust", "type": "clause", "offset": [1653, 1674]}, {"key": "to-amend", "type": "definition", "offset": [1679, 1687]}, {"key": "to-the-extent", "type": "clause", "offset": [1704, 1717]}, {"key": "to-the-shareholders", "type": "definition", "offset": [1754, 1773]}, {"key": "such-officers", "type": "definition", "offset": [1872, 1885]}, {"key": "to-employ", "type": "clause", "offset": [1958, 1967]}, {"key": "trust-companies", "type": "definition", "offset": [1987, 2002]}, {"key": "members-of", "type": "clause", "offset": [2025, 2035]}, {"key": "national-securities-exchange", "type": "definition", "offset": [2038, 2066]}, {"key": "foreign-entities", "type": "definition", "offset": [2093, 2109]}, {"key": "transfer-agents", "type": "clause", "offset": [2249, 2264]}, {"key": "shareholder-servicing-agents", "type": "definition", "offset": [2269, 2297]}, {"key": "record-dates", "type": "definition", "offset": [2310, 2322]}, {"key": "to-delegate", "type": "clause", "offset": [2375, 2386]}, {"key": "officers-of-the-trust", "type": "clause", "offset": [2436, 2457]}, {"key": "investment-adviser", "type": "definition", "offset": [2469, 2487]}, {"key": "other-agent", "type": "clause", "offset": [2539, 2550]}, {"key": "independent-contractor", "type": "clause", "offset": [2554, 2576]}, {"key": "right-of", "type": "clause", "offset": [2656, 2664]}, {"key": "section-61", "type": "clause", "offset": [2727, 2738]}, {"key": "rights-of-ownership", "type": "clause", "offset": [2784, 2803]}, {"key": "with-respect-to", "type": "clause", "offset": [2805, 2820]}, {"key": "other-securities", "type": "definition", "offset": [2830, 2846]}, {"key": "execute-and-deliver", "type": "clause", "offset": [2867, 2886]}, {"key": "proxies-and-powers-of-attorney", "type": "clause", "offset": [2887, 2917]}, {"key": "person-or-persons", "type": "definition", "offset": [2926, 2943]}, {"key": "trustee-shall", "type": "definition", "offset": [3087, 3100]}, {"key": "powers-and-rights", "type": "clause", "offset": [3130, 3147]}, {"key": "ownership-of-securities", "type": "clause", "offset": [3210, 3233]}, {"key": "book-entry", "type": "definition", "offset": [3327, 3337]}, {"key": "negotiable-form", "type": "clause", "offset": [3361, 3376]}, {"key": "name-of-the-trust", "type": "clause", "offset": [3395, 3412]}, {"key": "a-nominee", "type": "definition", "offset": [3449, 3458]}, {"key": "according-to", "type": "definition", "offset": [3516, 3528]}, {"key": "delaware-statutory-trusts", "type": "clause", "offset": [3551, 3576]}, {"key": "investment-companies", "type": "definition", "offset": [3580, 3600]}, {"key": "to-establish", "type": "definition", "offset": [3606, 3618]}, {"key": "separate-and-distinct", "type": "clause", "offset": [3619, 3640]}, {"key": "investment-objectives-and-policies", "type": "clause", "offset": [3676, 3710]}, {"key": "investment-purposes", "type": "definition", "offset": [3724, 3743]}, {"key": "in-accordance-with", "type": "definition", "offset": [3744, 3762]}, {"key": "article-ii", "type": "clause", "offset": [3781, 3791]}, {"key": "relative-rights", "type": "clause", "offset": [3850, 3865]}, {"key": "powers-and-duties", "type": "clause", "offset": [3867, 3884]}, {"key": "consistent-with", "type": "clause", "offset": [3905, 3920]}, {"key": "applicable-law", "type": "definition", "offset": [3940, 3954]}, {"key": "the-provisions-of-section", "type": "clause", "offset": [3971, 3996]}, {"key": "delaware-act", "type": "definition", "offset": [4009, 4021]}, {"key": "expenses-of-the-trust", "type": "clause", "offset": [4059, 4080]}, {"key": "provided-that", "type": "definition", "offset": [4173, 4186]}, {"key": "expenses-incurred", "type": "definition", "offset": [4206, 4223]}, {"key": "assets-belonging-to", "type": "definition", "offset": [4285, 4304]}, {"key": "consent-to", "type": "definition", "offset": [4365, 4375]}, {"key": "participate-in", "type": "definition", "offset": [4379, 4393]}, {"key": "the-reorganization", "type": "clause", "offset": [4407, 4425]}, {"key": "consolidation-or-merger", "type": "clause", "offset": [4427, 4450]}, {"key": "security-of", "type": "clause", "offset": [4486, 4497]}, {"key": "sale-of-property", "type": "clause", "offset": [4584, 4600]}, {"key": "to-pay", "type": "clause", "offset": [4637, 4643]}, {"key": "security-held", "type": "definition", "offset": [4687, 4700]}, {"key": "in-favor-of", "type": "definition", "offset": [4772, 4783]}, {"key": "in-controversy", "type": "clause", "offset": [4819, 4833]}, {"key": "not-limited", "type": "clause", "offset": [4849, 4860]}, {"key": "claims-for-taxes", "type": "clause", "offset": [4865, 4881]}, {"key": "distributions-of-income", "type": "clause", "offset": [4925, 4948]}, {"key": "capital-gains", "type": "clause", "offset": [4956, 4969]}, {"key": "from-time-to-time", "type": "clause", "offset": [5052, 5069]}, {"key": "minimum-investment", "type": "definition", "offset": [5073, 5091]}, {"key": "shares-of", "type": "clause", "offset": [5200, 5209]}, {"key": "notice-to", "type": "definition", "offset": [5281, 5290]}, {"key": "repurchase-shares", "type": "definition", "offset": [5326, 5343]}, {"key": "terms-and-conditions", "type": "definition", "offset": [5389, 5409]}, {"key": "powers-of-the-trustees", "type": "clause", "offset": [5525, 5547]}, {"key": "written-charter", "type": "definition", "offset": [5600, 5615]}, {"key": "other-characteristics", "type": "clause", "offset": [5725, 5746]}, {"key": "consist-of", "type": "clause", "offset": [5828, 5838]}, {"key": "number-of-trustees", "type": "clause", "offset": [5859, 5877]}, {"key": "in-office", "type": "clause", "offset": [5883, 5892]}, {"key": "be-empowered", "type": "clause", "offset": [5902, 5914]}, {"key": "to-act", "type": "definition", "offset": [5915, 5921]}, {"key": "investment-policies", "type": "definition", "offset": [6100, 6119]}, {"key": "registered-office", "type": "clause", "offset": [6184, 6201]}, {"key": "registered-agent", "type": "definition", "offset": [6213, 6229]}, {"key": "state-of-delaware", "type": "definition", "offset": [6237, 6254]}, {"key": "in-general", "type": "definition", "offset": [6264, 6274]}, {"key": "any-other-business", "type": "clause", "offset": [6288, 6306]}, {"key": "incidental-to", "type": "definition", "offset": [6329, 6342]}, {"key": "in-association-with", "type": "definition", "offset": [6561, 6580]}, {"key": "objects-and-powers", "type": "clause", "offset": [6793, 6811]}, {"key": "specific-powers", "type": "clause", "offset": [6846, 6861]}, {"key": "general-powers", "type": "clause", "offset": [6919, 6933]}, {"key": "action-by", "type": "clause", "offset": [6955, 6964]}, {"key": "on-behalf-of", "type": "definition", "offset": [7055, 7067]}, {"key": "the-applicable", "type": "clause", "offset": [7081, 7095]}, {"key": "in-an-individual-capacity", "type": "clause", "offset": [7125, 7150]}, {"key": "termination-of-the-trust", "type": "clause", "offset": [7243, 7267]}, {"key": "no-one-dealing-with-the-trustees", "type": "clause", "offset": [7269, 7301]}, {"key": "obligation-to", "type": "clause", "offset": [7321, 7334]}, {"key": "authority-of-the", "type": "clause", "offset": [7367, 7383]}, {"key": "application-of", "type": "clause", "offset": [7411, 7425]}, {"key": "payments-made", "type": "clause", "offset": [7430, 7443]}, {"key": "property-transferred", "type": "clause", "offset": [7447, 7467]}], "snippet": "The Trustees in all instances shall act as principals, and are and shall be free from the control of the Shareholders. The Trustees shall have full power and authority to do any and all acts and to make and execute any and all contracts and instruments that they may consider necessary or appropriate in connection with the management of the Trust. Without limiting the foregoing and subject to any applicable limitation in this Agreement or the Bylaws of the Trust, the Trustees shall have power and authority:\n(a) To invest and reinvest cash and other property, and to hold cash or other property uninvested, without in any event being bound or limited by any present or future law or custom in regard to investments by Trustees, and to sell, exchange, lend, pledge, mortgage, hypothecate, write options on and lease any or all of the assets of the Trust;\n(b) To operate as, and to carry on the business of, an investment company, and to exercise all the powers necessary and appropriate to the conduct of such operations;\n(c) To borrow money and in this connection issue notes or other evidence of indebtedness; to secure borrowings by mortgaging, pledging or otherwise subjecting as security the Trust Property; to endorse, guarantee, or undertake the performance of an obligation or engagement of any other Person and to lend Trust Property;\n(d) To provide for the distribution of Shares either through a principal underwriter in the manner hereafter provided for or by the Trust itself, or both, or otherwise pursuant to a plan of distribution of any kind;\n(e) To adopt Bylaws not inconsistent with this Agreement providing for the conduct of the business of the Trust and to amend and repeal them to the extent that they do not reserve such right to the Shareholders; such Bylaws shall be deemed incorporated and included in this Agreement;\n(f) To elect and remove such officers and appoint and terminate such agents as they consider appropriate;\n(g) To employ one or more banks, trust companies or companies that are members of a national securities exchange or such other domestic or foreign entities as custodians of any assets of the Trust subject to any conditions set forth in this Agreement or in the Bylaws;\n(h) To retain one or more transfer agents and shareholder servicing agents;\n(i) To set record dates in the manner provided herein or in the Bylaws;\n(j) To delegate such authority as they consider desirable to any officers of the Trust and to any investment adviser, manager, administrator, custodian, underwriter or other agent or independent contractor;\n(k) To sell or exchange any or all of the assets of the Trust, subject to the right of Shareholders, if any, to vote on such transaction pursuant to Section 6.1;\n(l) To vote or give assent, or exercise any rights of ownership, with respect to stock or other securities or property; and to execute and deliver proxies and powers of attorney to such person or persons as the Trustees shall deem proper, granting to such person or persons such power and discretion with relation to securities or property as the Trustee shall deem proper;\n(m) To exercise powers and rights of subscription or otherwise which in any manner arise out of ownership of securities;\n(n) To hold any security or property in a form not indicating any trust, whether in bearer, book entry, unregistered or other negotiable form; or either in the name of the Trust or of a Portfolio or a custodian or a nominee or nominees, subject in either case to proper safeguards according to the usual practice of Delaware statutory trusts or investment companies;\n(o) To establish separate and distinct Portfolios with separately defined investment objectives and policies and distinct investment purposes in accordance with the provisions of Article II hereof and to establish Classes of such Portfolios having relative rights, powers and duties as they may provide consistent with this Agreement and applicable law;\n(p) Subject to the provisions of Section 3804 of the Delaware Act, to allocate assets, liabilities and expenses of the Trust to a particular Portfolio or to apportion the same between or among two or more Portfolios, provided that any liabilities or expenses incurred by a particular Portfolio shall be payable solely out of the assets belonging to that Portfolio as provided for in Article II hereof;\n(q) To consent to or participate in any plan for the reorganization, consolidation or merger of any corporation or concern, any security of which is held in the Trust; to consent to any contract, lease, mortgage, purchase, or sale of property by such corporation or concern, and to pay calls or subscriptions with respect to any security held in the Trust;\n(r) To compromise, arbitrate, or otherwise adjust claims in favor of or against the Trust or any matter in controversy including, but not limited to, claims for taxes;\n(s) To declare and pay dividends and make distributions of income and of capital gains and capital to Shareholders in the manner hereinafter provided;\n(t) To establish, from time to time, a minimum investment for Shareholders in the Trust or in one or more Portfolios or Classes, and to require the redemption of the Shares of any Shareholder whose investment is less than such minimum upon giving notice to such Shareholder;\n(u) To redeem or repurchase Shares as provided for in this Agreement, upon such terms and conditions as the Trustees shall establish;\n(v) To establish one or more committees or sub-committees, to delegate any of the powers of the Trustees to said committees or sub-committees and to adopt a written charter for one or more of such committees or sub-committees governing its membership, duties and operations and any other characteristics as the Trustees may deem proper, each of which committees and sub-committees may consist of less than the whole number of Trustees then in office, and may be empowered to act for and bind the Trustees, the Trust and the Portfolios, as if the acts of such committee or sub-committee were the acts of all the Trustees then in office;\n(w) To interpret the investment policies, practices or limitations of any Portfolios;\n(x) To establish a registered office and have a registered agent in the State of Delaware; and\n(y) In general, to carry on any other business in connection with or incidental to any of the foregoing powers, to do everything necessary, suitable or proper for the accomplishment of any purpose or the attainment of any object or the furtherance of any power hereinbefore set forth, either alone or in association with others, and to do every other act or thing incidental or appurtenant to or growing out of or connected with the aforesaid business or purposes, objects or powers. The foregoing clauses shall be construed both as objects and powers, and the foregoing enumeration of specific powers shall not be held to limit or restrict in any manner the general powers of the Trustees. Any action by one or more of the Trustees in their capacity as such hereunder shall be deemed an action on behalf of the Trust or the applicable Portfolio, and not an action in an individual capacity. The Trustees shall not be limited to investing in obligations maturing before the possible termination of the Trust. No one dealing with the Trustees shall be under any obligation to make any inquiry concerning the authority of the Trustees, or to see to the application of any payments made or property transferred to the Trustees or upon their order.", "size": 380, "samples": [{"hash": "9vSTe9KodY7", "uri": "/contracts/9vSTe9KodY7#powers", "label": "Agreement and Declaration of Trust (CNL Funds)", "score": 21.0, "published": true}, {"hash": "7Tm8MjnmmPb", "uri": "/contracts/7Tm8MjnmmPb#powers", "label": "Trust Agreement (Diamond Portfolio Investment Trust)", "score": 21.0, "published": true}, {"hash": "lLZQdLDeYm2", "uri": "/contracts/lLZQdLDeYm2#powers", "label": "Agreement and Declaration of Trust (Aim Sector Funds)", "score": 18.0, "published": true}], "hash": "70d8d7a6e3bbe545a1b54ab6f3745084", "id": 9}], "next_curs": "Ck8SSWoVc35sYXdpbnNpZGVyY29udHJhY3RzcisLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2Ig9wb3dlcnMjMDAwMDAwMGEMogECZW4YACAA", "clause": {"title": "Powers", "children": [["", ""], ["insurance", "INSURANCE"], ["general-powers", "General Powers"], ["secretary", "Secretary"], ["reserves", "RESERVES"]], "parents": [["representations", "Representations"], ["organization", "Organization"], ["basic-representations", "Basic Representations"], ["purpose", "Purpose"], ["the-board-of-trustees", "The Board of Trustees"]], "size": 19651, "id": "powers", "related": [["other-powers", "Other Powers", "Other <strong>Powers</strong>"], ["further-powers", "Further Powers", "Further <strong>Powers</strong>"], ["duties", "Duties", "Duties"], ["rights-or-powers", "Rights or Powers", "Rights or <strong>Powers</strong>"], ["trustees-powers", "Trustee\u2019s Powers", "Trustee\u2019s <strong>Powers</strong>"]], "related_snippets": [], "updated": "2026-05-13T05:42:49+00:00", "also_ask": ["What limitations or checks should be included to prevent abuse of granted powers?", "How can the scope of powers be strategically narrowed or expanded during negotiations?", "What are the most common enforceability challenges to powers clauses in court?", "How do powers clauses in this context compare to standard industry or jurisdictional practices?", "What drafting elements are essential to ensure clarity and avoid ambiguity in the exercise of powers?"], "drafting_tip": "Specify the extent of powers to prevent overreach, enumerate any limitations to clarify boundaries, and reference applicable laws to ensure enforceability.", "explanation": "The \"Powers\" clause defines the specific authorities and abilities granted to a party or parties under the agreement. It typically outlines what actions an individual, company, or governing body is permitted to take, such as entering into contracts, making decisions, or managing assets on behalf of others. For example, a trustee may be empowered to invest trust funds or a company director may be authorized to sign binding agreements. This clause ensures clarity regarding the scope of authority, helping to prevent disputes about what actions are permitted and to allocate responsibility appropriately."}, "json": true, "cursor": ""}}