Liability of Trustee. In exercising the rights and powers of the Trustee, the Trustee will exercise any rights and powers in the Trustee’s best judgment; provided, however, the Trustee shall not be liable for any action taken by such Trustee or the Trustee’s agent, except for liability arising from the Trustee’s bad faith, wilful misconduct or gross negligence. The Trustee shall not be required to give any bond or other security for the discharge of the Trustee’s duties.
Appears in 60 contracts
Samples: Voting Trust Agreement (Wells Fargo & Company/Mn), Voting Trust Agreement (Wells Fargo & Company/Mn), Voting Trust Agreement (Wells Fargo & Company/Mn)
Liability of Trustee. In exercising the rights and powers of the Trustee, the Trustee will exercise any rights and powers in the Trustee’s best judgment; provided, however, the Trustee shall not be liable for any action taken by such Trustee or the Trustee’s agent, except for liability arising from the Trustee’s bad faith, wilful willful misconduct or gross negligence. The Trustee shall not be required to give any bond or other security for the discharge of the Trustee’s duties.
Appears in 38 contracts
Samples: Voting Trust Agreement (Bank of America Corp /De/), Voting Trust Agreement (Bank of America Corp /De/), Voting Trust Agreement (Bank of America Corp /De/)
Liability of Trustee. In exercising the rights and powers of the Trustee, the Trustee will exercise any rights and powers in the Trustee’s 's best judgment; provided, however, the Trustee shall not be liable for any action taken by such Trustee or the Trustee’s 's agent, except for liability arising from the Trustee’s 's bad faith, wilful misconduct or gross negligence. The Trustee shall not be required to give any bond or other security for the discharge of the Trustee’s 's duties.
Appears in 34 contracts
Samples: Voting Trust Agreement (Bank of America Corp /De/), Voting Trust Agreement (Bank of America Corp /De/), Voting Trust Agreement (Bank of America Corp /De/)
Liability of Trustee. In exercising the rights and powers of the Trustee, the Trustee will exercise any rights and powers in the Trustee’s 's best judgment; provided, however, the Trustee shall not be liable for any action taken by such Trustee or the Trustee’s 's agent, except for liability arising from the Trustee’s 's bad faith, wilful willful misconduct or gross negligence. The Trustee shall not be required to give any bond or other security for the discharge of the Trustee’s 's duties.
Appears in 7 contracts
Samples: Voting Trust Agreement (Bank of America Corp /De/), Voting Trust Agreement (Bank of America Corp /De/), Voting Trust Agreement (Bank of America Corp /De/)
Liability of Trustee. In exercising the rights and powers of the Trustee, the Trustee will exercise any rights and powers in the Trustee’s best judgmentjudgment and in accordance with the recommendations of the Voting Consultant; provided, however, the Trustee shall not be liable for any action taken by such Trustee or the Trustee’s agent, except for liability arising from the Trustee’s bad faith, wilful misconduct or gross negligence. The Trustee shall not be required to give any bond or other security for the discharge of the Trustee’s duties.
Appears in 4 contracts
Samples: Voting Trust Agreement (Blackrock Muniyield New Jersey Fund, Inc.), Voting Trust Agreement (Blackrock Muniyield New Jersey Fund, Inc.), Voting Trust Agreement (Blackrock Municipal Income Investment Trust)
Liability of Trustee. In exercising the rights and powers of the Trustee, the Trustee will exercise any rights and powers in the Trustee’s best judgment; provided, however, the The Trustee shall not be liable for any action taken by such Trustee or act, in his/her capacity as Trustee, undertaken in good faith and with the Trustee’s agent, except for liability arising from purpose of advancing the Trustee’s bad faith, wilful misconduct or gross negligencebest interests of the Trust. The Trustee shall not be required to give any No bond or other security for the discharge shall be exacted or required of the Trustee’s dutiesTrustee in any jurisdiction.
Appears in 3 contracts
Samples: Expense Trust Fund, Expense Trust Fund, Expense Trust Fund
Liability of Trustee. In exercising the rights and powers of the TrusteeTrustee hereunder, the Trustee will exercise any all such rights and powers in the Trustee’s best judgmentjudgment and in accordance with the recommendations of the Voting Consultant; provided, however, the Trustee shall not be liable for any action taken by such the Trustee or the Trustee’s agent, except for liability arising from the Trustee’s bad faith, wilful misconduct or gross negligence. The Trustee shall not be required to give any bond or other security for the discharge of the Trustee’s duties.
Appears in 2 contracts
Samples: Special Rate Period Voting Trust Agreement (Toronto Dominion Investments, Inc.), Special Rate Period Voting Trust Agreement (Toronto Dominion Investments, Inc.)
Liability of Trustee. In exercising the rights and powers of the Trustee, the Trustee will exercise any rights and powers in the Trustee’s 's best judgmentjudgment and in accordance with the recommendations of the Voting Consultant; provided, however, the Trustee shall not be liable for any action taken by such Trustee or the Trustee’s 's agent, except for liability arising from the Trustee’s 's bad faith, wilful misconduct or gross negligence. The Trustee shall not be required to give any bond or other security for the discharge of the Trustee’s 's duties.
Appears in 2 contracts
Samples: Voting Trust Agreement (Blackrock Muniyield Pennsylvania Quality Fund), Voting Trust Agreement (Blackrock Muniyield Michigan Quality Fund, Inc.)
Liability of Trustee. In exercising the rights and powers of the TrusteeTrustee hereunder, the Trustee will exercise any all such rights and powers in the Trustee’s best judgmentjudgment and in accordance with the recommendations of the Voting Consultant; provided, however, the Trustee shall not be liable for any action taken by such the Trustee or the Trustee’s agent, except for liability arising from the Trustee’s bad faith, wilful willful misconduct or gross negligence. The Trustee shall not be required to give any bond or other security for the discharge of the Trustee’s duties.
Appears in 1 contract
Samples: Voting Trust Agreement (Toronto Dominion Investments, Inc.)
Liability of Trustee. In exercising the rights and powers of the TrusteeTrustee hereunder, the Trustee will exercise any all such rights and powers in the Trustee’s 's best judgmentjudgment and in accordance with the recommendations of the Voting Consultant; provided, however, the Trustee shall not be liable for any action taken by such the Trustee or the Trustee’s 's agent, except for liability arising from the Trustee’s 's bad faith, wilful misconduct or gross negligence. The Trustee shall not be required to give any bond or other security for the discharge of the Trustee’s 's duties.
Appears in 1 contract
Samples: Special Rate Period Voting Trust Agreement (Toronto Dominion Investments, Inc.)
Liability of Trustee. In exercising the rights and powers of the Trustee, the Trustee will exercise any rights and powers in the Trustee’s best judgmentjudgment in its capacity as a fiduciary of the Stockholder; provided, however, the Trustee shall not be liable for any action taken by such Trustee or the Trustee’s agent, except for liability arising from the Trustee’s bad faith, wilful willful misconduct or gross negligence. The Trustee shall not be required to give any bond or other security for the discharge of the Trustee’s duties.
Appears in 1 contract