Common use of Protection of Persons Dealing with the Trust Clause in Contracts

Protection of Persons Dealing with the Trust. No person dealing with the Trustee shall be required or entitled to monitor the application of any money paid or property delivered to the Trustee, or determine whether or not the Trustee is acting pursuant to authorities granted to it hereunder or to authorizations or directions herein required.

Appears in 3 contracts

Samples: Common Stock Purchase Agreement (Airgas Inc), Trust Agreement (Hanover Foods Corp /Pa/), Stock and Employee Benefit Trust Agreement (Browning Ferris Industries Inc)

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Protection of Persons Dealing with the Trust. No person dealing with the Trustee Trustees shall be required or entitled to monitor the application of any money paid or property delivered to the TrusteeTrustees, or determine whether or not the Trustee is Trustees are acting pursuant to authorities granted to it them hereunder or to authorizations or directions herein required.

Appears in 2 contracts

Samples: Trust Agreement (Stock Employee Compensation Trust), Trust Agreement (Questech Inc)

Protection of Persons Dealing with the Trust. No person dealing with the Trustee shall be required or entitled to monitor the application of any money paid or property delivered to the Trustee, or determine whether or not the Trustee is acting pursuant to authorities authority granted to it hereunder or to authorizations or directions herein required.

Appears in 1 contract

Samples: Syncora Guarantee Services (Syncora Holdings LTD)

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Protection of Persons Dealing with the Trust. No person dealing with -------------------------------------------- the Trustee shall be required or entitled to monitor the application of any money paid or property delivered to the Trustee, or determine whether or not the Trustee is acting pursuant to authorities granted to it hereunder or to authorizations or directions herein required.

Appears in 1 contract

Samples: Benefits Trust Agreement (Ultramar Diamond Shamrock Corp)

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