Common use of Settle Claims Clause in Contracts

Settle Claims. To accept, compromise, arbitrate or otherwise settle any obligation, liability or claim involving this Trust, including any claim asserted for taxes under present or future law. The Trustees may also enforce or contest any such obligation, liability or claim by appropriate legal proceedings, but they shall not be obliged to do so unless, in their judgement, it is in the best interests of the Trust to do so.

Appears in 2 contracts

Sources: Benefit Trust Fund Agreement, Trust Agreement