Common use of Certain Rights of Trustee Clause in Contracts

Certain Rights of Trustee. (a) Before the Trustee acts or refrains from acting, it may require an Officers’ Certificate or opinion of counsel or both. The Trustee shall not be liable for any action it takes or omits to take in good faith in reliance on such Officers’ Certificate or opinion of counsel. The Trustee may consult with counsel and the advice of such counsel or any opinion of counsel shall be full and complete authorization and protection from liability in respect of any action taken, suffered or omitted by it hereunder in good faith and in reliance thereon.

Appears in 52 contracts

Samples: Investment Management Trust Agreement (International Brands Management Group LTD), Investment Management Trust Agreement (Phoenix India Acquisition Corp.), Investment Management Trust Agreement (Phoenix India Acquisition Corp.)

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Certain Rights of Trustee. (a) Before the Trustee acts or refrains from acting, it may require an Officers’ Officer’s Certificate or opinion of counsel or both. The Trustee shall not be liable for any action it takes or omits to take in good faith in reliance on such Officers’ Officer’s Certificate or opinion of counsel. The Trustee may consult with counsel and the advice of such counsel or any opinion of counsel shall be full and complete authorization and protection from liability in respect of any action taken, suffered or omitted by it hereunder in good faith and in reliance thereon.

Appears in 27 contracts

Samples: Investment Management Trust Agreement (CIS Acquisition Ltd.), Investment Management Trust Agreement (CIS Acquisition Ltd.), Investment Management Trust Agreement (RNK Global Development Acquisition Corp.)

Certain Rights of Trustee. (a) Before the Trustee acts or refrains from acting, it may require an Officers' Certificate or opinion of counsel or both. The Trustee shall not be liable for any action it takes or omits to take in good faith in reliance on such Officers' Certificate or opinion of counsel. The Trustee may consult with counsel and the advice of such counsel or any opinion of counsel shall be full and complete authorization and protection from liability in respect of any action taken, suffered or omitted by it hereunder in good faith and in reliance thereon.

Appears in 19 contracts

Samples: Investment Management Trust Agreement (Crossfire Capital Corp.), Management Trust Agreement (Vantage Energy Services, Inc.), Investment Management Trust Agreement (Vantage Energy Services, Inc.)

Certain Rights of Trustee. (a) Before the Trustee acts or refrains from acting, it may require an Officers’ Officers Certificate or opinion of counsel or both. The Trustee shall not be liable for any action it takes or omits to take in good faith in reliance on such Officers’ Officers Certificate or opinion of counsel. The Trustee may consult with counsel and the advice of such counsel or any opinion of counsel shall be full and complete authorization and protection from liability in respect of any action taken, suffered or omitted by it hereunder in good faith and in reliance thereon.

Appears in 11 contracts

Samples: Investment Management Trust Agreement (Pinpoint Advance CORP), Investment Management Trust Agreement (Pinpoint Advance CORP), Investment Management Trust Agreement (Asia Special Situation Acquisition Corp)

Certain Rights of Trustee. (a) Before the Trustee acts or refrains from acting, it may require an Officers’ Officer's Certificate or opinion of counsel or both. The Trustee shall not be liable for any action it takes or omits to take in good faith in reliance on such Officers’ Officer's Certificate or opinion of counsel. The Trustee may consult with counsel and the advice of such counsel or any opinion of counsel shall be full and complete authorization and protection from liability in respect of any action taken, suffered or omitted by it hereunder in good faith and in reliance thereon.

Appears in 8 contracts

Samples: Investment Management Trust Agreement (Vector Intersect Security Acquisition Corp.), Investment Management Trust Agreement (Vector Intersect Security Acquisition Corp.), Investment Management Trust Agreement (Vector Intersect Security Acquisition Corp.)

Certain Rights of Trustee. (a) Before the Trustee acts or refrains from acting, it may require an Officers’ Certificate or opinion of counsel or bothcounsel. The Trustee shall not be liable for any action it takes or omits to take in good faith in reliance on such Officers’ Certificate or opinion of counsel. The Trustee may consult with counsel and the advice of such counsel or any opinion of counsel shall be full and complete authorization and protection from liability in respect of any action taken, suffered or omitted by it hereunder in good faith and in reliance thereon.;

Appears in 3 contracts

Samples: Investment Management Trust Agreement (Global BPO Services Corp), Investment Management Trust Agreement (Global BPO Services Corp), Investment Management Trust Agreement (Open Acquisition Corp.)

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Certain Rights of Trustee. (a) Before the Trustee acts or refrains from acting, it may require an OfficersofficersCertificate certificate or opinion of counsel or both. The Trustee shall not be liable for any action it takes or omits to take in good faith in reliance on such OfficersofficersCertificate certificate or opinion of counsel. The Trustee may consult with counsel and the advice of such counsel or any opinion of counsel shall be full and complete authorization and protection from liability in respect of any action taken, suffered or omitted by it hereunder in good faith and in reliance thereon.

Appears in 3 contracts

Samples: Investment Management Trust Agreement (Seanergy Maritime Corp.), Investment Management Trust Agreement (Seanergy Maritime Corp.), Investment Management Trust Agreement (Seanergy Maritime Corp.)

Certain Rights of Trustee. (a) Before the Trustee acts or refrains from acting, it may require a certificate from the Company’s Chief Executive Officer or an Officers’ Certificate or opinion of counsel or both. The Trustee shall not be liable for any action it takes or omits to take in good faith in reliance on such Officers’ Certificate officer’s certificate or opinion of counsel. The Trustee may consult with counsel and the advice of such counsel or any opinion of counsel shall be full and complete authorization and protection from liability in respect of any action taken, suffered or omitted by it hereunder in good faith and in reliance thereon.

Appears in 2 contracts

Samples: Investment Management Trust Agreement (Apex Bioventures Acquisition Corp), Investment Management Trust Agreement (Apex Bioventures Acquisition Corp)

Certain Rights of Trustee. (a) Before the Trustee acts or refrains from acting, it may require an Officers’ Officers Certificate or opinion of Company counsel or both. The Trustee shall not be liable for any action it takes or omits to take in good faith in reliance on such Officers’ Officers Certificate or opinion of counsel. The Trustee may consult with counsel and the advice of such counsel or any opinion of counsel shall be full and complete authorization and protection from liability in respect of any action taken, suffered or omitted by it hereunder in good faith and in reliance thereon.

Appears in 1 contract

Samples: Investment Management Trust Agreement (Lank Acquisition Corp)

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