Common use of Trustee’s Powers Clause in Contracts

Trustee’s Powers. In the administration of the Trust, the Trustee shall have the following powers, which, subject to the restrictions contained elsewhere herein, may be exercised in the sole and absolute discretion of the Trustee without resort to any person or court for further authority and which shall be in addition to the powers conferred upon the Trustee by law or by other provisions of this instrument:

Appears in 4 contracts

Samples: Expense Trust Fund, Expense Trust Fund, Expense Trust Fund

AutoNDA by SimpleDocs

Trustee’s Powers. 5.1 Powers Exercisable by the Trustee in its Sole Discretion In addition to all other powers and authorities elsewhere in this Agreement specifically granted to the administration of the TrustTrustee, the Trustee shall have the following powerspowers and authority, which, subject to the restrictions contained elsewhere herein, may be exercised in the its sole and absolute discretion of the Trustee without resort to any person or court for further authority and which shall be in addition to the powers conferred upon the Trustee by law or by other provisions of this instrumentdiscretion:

Appears in 2 contracts

Samples: Trust Agreement (Mens Wearhouse Inc), Voluntary Plan Trust Agreement (Talbots Inc)

AutoNDA by SimpleDocs

Trustee’s Powers. In the administration as management of the Trust, the Trustee Trustees shall have the following powers, which, subject to the restrictions contained elsewhere herein, may be exercised in the sole and absolute discretion of the Trustee Chief without resort to any person or court for further authority and which shall be in addition to the powers conferred upon the Trustee Trust or Trustees by law or by other provisions of this instrument:

Appears in 1 contract

Samples: Center Trust

Time is Money Join Law Insider Premium to draft better contracts faster.