Common use of Special Powers Clause in Contracts

Special Powers. 19.1 The Trustee will be entitled to deposit all the deeds and the documents which evidence, represent and/or specify its right in connection with any asset held by it for the time being, in a safe and/or at another place it may elect, with any banker and/or any banking corporation and/or with an attorney. Where the Trustee has done so, it will not be responsible for any loss that may be caused in connection with such deposit, unless the Trustee acted negligently or with malicious intent.

Appears in 2 contracts

Samples: Blue Square Israel LTD /Adr/, Blue Square Israel LTD /Adr/

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Special Powers. 19.1 11.1 The Trustee will shall be entitled to deposit all the deeds and the documents which evidenceevidencing, represent representing and/or specify its establishing his right in connection with any asset held by it for the time beingbeing in his custody, in a safe and/or at in another place it may electchosen by him, with any banker and/or with any banking corporation company and/or with an attorneya lawyer. Where If the Trustee has done does so, it will he shall not be responsible liable for any loss that may be caused in connection with such deposit, unless the Trustee he acted negligently or with malicious intentgross negligence.

Appears in 1 contract

Samples: Sapiens International Corp N V

Special Powers. 19.1 20.1 The Trustee will be entitled to deposit all the deeds and the documents which evidence, represent and/or specify stipulate its right in connection with any asset held by it that is in its possession for the time being, in a safe custody box and/or at another place it may electselect, with any banker and/or any banking corporation and/or with an attorney. Where the Trustee has done so, it will not be responsible for any loss that may be caused in connection with such deposit, unless the Trustee acted maliciously or negligently or with malicious intentnot in good faith.

Appears in 1 contract

Samples: Deed of Trust (Ormat Technologies, Inc.)

Special Powers. 19.1 24.1. The Trustee will be entitled to deposit all the deeds and the documents which evidence, represent and/or specify its right under this Deed including in connection with any asset held by it for at the time beingtime, in a safe and/or at another place it may electchoose, with any banker and/or any banking corporation bank and/or with an attorney. Where the Trustee has done so, it will not be responsible for any loss that may be caused in connection with such deposit, unless the Trustee acted negligently or with malicious intent.

Appears in 1 contract

Samples: KBS Strategic Opportunity REIT, Inc.

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Special Powers. 19.1 The Trustee will be entitled to deposit lodge all the deeds and the documents which evidence, represent and/or or specify its right in connection with any asset held by it which is for the time beingbeing in its possession, in a safe and/or at another place it may electchoose, with any banker and/or any banking corporation and/or with an attorney. Where the Trustee has done so, it will not be responsible for liable in respect of any loss that may be caused in connection with such deposit, unless the Trustee acted negligently or with malicious intentmaliciously.

Appears in 1 contract

Samples: Deed of Trust (Blue Square Israel LTD /Adr/)

Special Powers. 19.1 20.1 The Trustee will be entitled trustee shall have the right to deposit all the deeds and the documents which evidencethat prove, represent and/or specify its determine his right in connection with any asset held by it for the time beinghim at that time, in a safe safe-deposit box and/or at another any other place it may electchosen by him, with any a banker and/or any a banking corporation company and/or with an attorney. Where the Trustee has done so, it will not be responsible for any loss that may be caused in connection with such deposit, unless the Trustee acted negligently or with malicious intenta lawyer.

Appears in 1 contract

Samples: Ben Dov Ilan

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