Common use of Trustee Status Clause in Contracts

Trustee Status. Subject to the provisions of the Shareholders’ Agreement, the Trustees, individually or otherwise (a) may hold Company Shares or other securities of the Company, (b) may be a stockholder, director, or other agent or representative of the Company and its affiliates, and (c) may contract, directly or through any firm of which he or she is a member, or a corporation in which he or she is a stockholder, director, officer, employee or other agent or representative, or in which he or she may be otherwise interested, with the Company or have a pecuniary interest in any matter or transaction to which the Company or another Trustee may be a party, in each case as fully as though such person were not a Trustee hereunder. Any Trustee who is also a Beneficiary shall have all rights accorded to the Beneficiaries hereunder.