Trustee Powers and Duties Sample Clauses

Trustee Powers and Duties. 11.1 The Trustee accepts the Trust created under the Plan and agrees to perform the obligations imposed.
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Trustee Powers and Duties. Subject to the following provisions of ------------------------- this ARTICLE XII, the Trustee shall commingle and jointly invest, or where specifically provided herein shall segregate and separately invest, the assets of the Fund, without distinction between corpus and income.
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Trustee Powers and Duties. Subject to any limitations stated elsewhere herein, in addition to the authority, rights, privileges, powers and duties elsewhere herein vested in the Trustee and those now or hereafter conferred by law, the Trustee shall also have the following authority, rights, privileges, powers and duties:
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Trustee Powers and Duties. 36 12.2 Accounts............................................................................. 39 12.3 Two or More Trustees................................................................. 39 12.4 Management of Fund by Investment Manager............................................. 39 12.5
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Trustee Powers and Duties. 69 15.1 Acceptance............................................................................ 69 15.2
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Trustee Powers and Duties. The Trustee shall maintain accurate and detailed records and accounts of all transactions of the Plan, which shall be available at all reasonable times for inspection or audit by a person designated by the City and the Retirement Committee, and by any other person or entity to the extent required by law. As soon as practicable following the close of each Plan Year, the Trustee shall file with the City and the Retirement Committee a written report setting forth all transactions with respect to the Pension Fund during such Plan Year and listing the assets of the Pension Fund and the fair market value thereof as of the close of the period required by such report. The Trustee shall also provide the Retirement Committee with such other information in its possession as may be necessary for the Retirement Committee to conform with the requirements of the Internal Revenue Code that apply to government plans and the requirements of Nebraska law that apply to Police Officers Retirement Systems of Cities of the First Class. As soon as practicable after the last day of each Plan Year, the Trustee will deliver to the Retirement Committee a statement of each Participant's account as of that date, and the Retirement Committee shall forthwith deliver such statements to each respective Participant. The Trustee shall be responsible for maintaining the employer and employee contribution accounts pursuant to Section 5.1 of the Plan. Each statement of account shall be deemed to have been approved by the City if no written objection thereto is filed with the Trustee within ninety (90) days after such statement of account has been delivered to the Retirement Committee. If the Trustee and the City cannot agree with respect to any matter set forth in any such statement of account, the Trustee shall have the right to have such accounts settled by judicial proceedings, in which event only the Trustee, the City, and the Retirement Committee shall be necessary parties. The Retirement Committee shall notify the Participants that they must file any objections to the statements furnished them within sixty (60) days of delivery thereof. Objections shall be in writing and submitted to the Retirement Committee and the Trustee. If no written objection is received within the said sixty (60) day period, a Participant shall be conclusively deemed to have approved the statement of his accounts on behalf of himself, his heirs, executors, administrators, assigns, and Beneficiaries.
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Trustee Powers and Duties 
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Related to Trustee Powers and Duties

  • Trustee Powers The Trustee shall have the following powers and authority:

  • Powers and Duties Each Lender irrevocably authorizes each Agent to take such action on such Lender’s behalf and to exercise such powers, rights and remedies hereunder and under the other Credit Documents as are specifically delegated or granted to such Agent by the terms hereof and thereof, together with such powers, rights and remedies as are reasonably incidental thereto. Each Agent shall have only those duties and responsibilities that are expressly specified herein and the other Credit Documents. Each Agent may exercise such powers, rights and remedies and perform such duties by or through its agents or employees. No Agent shall have, by reason hereof or any of the other Credit Documents, a fiduciary relationship in respect of any Lender; and nothing herein or any of the other Credit Documents, expressed or implied, is intended to or shall be so construed as to impose upon any Agent any obligations in respect hereof or any of the other Credit Documents except as expressly set forth herein or therein.

  • POWERS AND DUTIES OF CUSTODIAN As custodian, the Custodian shall have and perform the powers and duties set forth in this Article II. Pursuant to and in accordance with Article IV hereof, the Custodian may appoint one or more Subcustodians (as hereinafter defined) to exercise the powers and perform the duties of the Custodian set forth in this Article II and references to the Custodian in this Article II shall include any Subcustodian so appointed.

  • Powers and Duties of the Trustee The rights, powers, duties and authorities of the Trustee under this Agreement, in its capacity as Trustee of the Trust, shall include:

  • Powers and Duties of Trustees Section 3.1 General 6 Section 3.2 Investments 6 Section 3.3 Legal Title 7 Section 3.4 Issuance and Repurchase of Shares 7 Section 3.5 Borrow Money or Utilize Leverage 7 Section 3.6 Delegation; Committees 7 Section 3.7 Collection and Payment 8 Section 3.8 Expenses 8 Section 3.9 By-Laws 8 Section 3.10 Miscellaneous Powers 8 Section 3.11 Further Powers 8 ARTICLE IV Advisory, Management and Distribution Arrangements Section 4.1 Advisory and Management Arrangements 9 Section 4.2 Distribution Arrangements 9 Section 4.3 Parties to Contract 9 ARTICLE V

  • Powers and Duties of the President Subject to the powers of the Chairman, if there be such an officer, the President shall be the principal executive officer of the Trust. The President may call meetings of the Trustees and of any Committee thereof when he deems it necessary and, in the absence of the Chairman, shall preside at all meetings of the Shareholders and the Trustees. Subject to the control of the Trustees, the Chairman and any Committees of the Trustees, within their respective spheres, as provided by the Trustees, the President shall at all times exercise a general supervision and direction over the affairs of the Trust. The President shall have the power to employ attorneys and counsel for the Trust or any Series or Class thereof, and other advisers and agents for the Trust and to employ such subordinate officers, agents, clerks and employees as the President may find necessary to transact the business of the Trust or any Series or Class thereof. The President shall also have the power to grant, issue, execute or sign such powers of attorney, proxies or other documents as may be deemed advisable or necessary in furtherance of the interests of the Trust or any Series or Class thereof. The President shall have such other powers and duties, as from time to time may be conferred upon or assigned to him by the Trustees.

  • Powers and Duties of the Property Trustee (a) The legal title to the Debentures shall be owned by and held of record in the name of the Property Trustee for the benefit of the Trust and the Holders of the Securities. The right, title and interest of the Property Trustee to the Debentures shall vest automatically in each Person who may hereafter be appointed as Property Trustee in accordance with Section 6.6. Such vesting and cessation of title shall be effective whether or not conveyancing documents with regard to the Debentures have been executed and delivered.

  • AUTHORITY AND DUTIES OF THE OWNER TRUSTEE ACTION BY CERTIFICATEHOLDERS

  • Appointment and Duties of the Manager (a) The Company hereby appoints the Manager to manage the assets of the Company subject to the further terms and conditions set forth in this Agreement and the Manager hereby agrees to use its commercially reasonable efforts to perform each of the duties set forth herein. The appointment of the Manager shall be exclusive to the Manager except to the extent that the Manager otherwise agrees, in its sole and absolute discretion, and except to the extent that the Manager elects, pursuant to the terms of this Agreement, to cause the duties of the Manager hereunder to be provided by third parties.

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