Common use of Additional Powers of Trustee Clause in Contracts

Additional Powers of Trustee. (a) To the extent necessary or which it deems appropriate to implement its powers under Section 5 or otherwise to fulfill any of its duties and responsibilities as Trustee of the Trust, the Trustee shall have the following additional powers and authority: (1) To register securities, or any other property, in its name or in the name of any nominee, including the name of any affiliate or the nominee name designated by any affiliate, with or without indication of the capacity in which property shall be held, or to hold securities in bearer form and to deposit any securities or other property in a depository or clearing corporation; (2) Upon receiving the consent of an Authorized Party, to designate and engage the services of, and to delegate powers and responsibilities to, such agents, representatives, advisers, counsel and accountants as the Trustee considers necessary or appropriate and, as part of its expenses under this Trust Agreement, to pay their reasonable expenses and compensation; (3) To make, execute and deliver, as Trustee, any and all deeds, leases, mortgages, conveyances, waivers, releases or other instruments in writing necessary or appropriate for the accomplishment of any of the powers listed in this Trust Agreement; and (4) Generally to do all other acts which the Trustee deems necessary or appropriate for the protection of the Trust.

Additional Powers of Trustee. (a) To the extent necessary or which it deems appropriate to implement its powers under Section 5 or otherwise to fulfill any of its duties and responsibilities as Trustee of the Trust, the Trustee shall have the following additional powers and authority: (1a) To register securities, or any other property, in its name or in the name of any nominee, including the name of any affiliate or the nominee name designated by any affiliate, with or without indication of the capacity in which property shall be held, or to hold securities in bearer form form, provided the books and records of Trustee shall indicate at all times the true ownership of such property, and to deposit any securities or other property in a depository or clearing corporation; (2b) Upon receiving the consent of an Authorized Party, to To designate and engage the services of, and to delegate powers and responsibilities to, such agents, representatives, advisers, counsel and accountants as the Trustee considers necessary or appropriate appropriate, any of whom may be an affiliate of Trustee or a person who renders services to such an affiliate, and, as part a pan of its expenses under this Trust Agreement, to pay their reasonable expenses and compensation; (3c) To make, execute and deliver, as Trustee, any and all deeds, leases, mortgages, conveyances, waivers, releases or other instruments in writing necessary or appropriate for the accomplishment of any of the powers listed in this Trust Agreement; and (4d) Generally Generally, to do all other acts which the Trustee deems necessary or appropriate for the protection of the Trust.

Additional Powers of Trustee. (a) To the extent necessary or which it deems appropriate to implement Implement its powers under Section 5 or otherwise to fulfill any of its duties and responsibilities as Trustee of the Trust, the Trustee shall have the following additional powers and authority: (1a) To register securities, or any other property, in its name or in the name of any nominee, including the name of any affiliate or the nominee name designated by any affiliate, with or without indication of the capacity in which property shall be held, or to hold securities in bearer form and to deposit any securities or other property in a depository or clearing corporation;: (2b) Upon receiving the consent of an Authorized Party, to To designate and engage the services of, and to delegate powers and responsibilities to, such agents, representatives, advisers, counsel and accountants as the Trustee considers necessary or appropriate andappropriate, any of whom may be an affiliate of Trustee or a person who renders services to such an affiliate and as a part of its expenses under this Trust Agreement, to pay their reasonable expenses and compensation;: (3c) To make, execute and deliver, as Trustee, any and all deeds, leases, mortgages, conveyances, waivers, releases or other instruments in writing necessary or appropriate for the accomplishment of any of the powers listed in this Trust Agreement; and (4d) Generally to do all other acts which the that Trustee deems necessary or appropriate for the protection of the Trust.