Common use of Administrative Powers of the Trustee Clause in Contracts

Administrative Powers of the Trustee. The Trustee shall have the power, subject to Section 2.3 hereof, to do any of the following: 5.6.1 To cause any investment to be registered and held in the name of one or more of its nominees, or one or more nominees of any system for the central handling of securities, without increase or decrease of liability; 5.6.2 To receive any and all money and other property due to the Trust and to give full discharge therefor; and 5.6.3 To hold uninvested, without liability for interest thereon, such monies received by the Trustee as the Trustee considers necessary to meet anticipated and imminent disbursements.

Administrative Powers of the Trustee. The Trustee shall have the power, subject to Section 2.3 hereof, power to do any of the following: 5.6.1 5.5.1 To cause any investment to be registered and held in the name of one or more of its nominees, or one or more nominees of any system for the central handling of securities, without increase or decrease of liability; 5.6.2 5.5.2 To receive any and all money and other property due to the Trust and to give full discharge therefor; and 5.6.3 5.5.3 To hold uninvested, without liability for interest thereon, such monies received by the Trustee as the Trustee considers necessary to meet anticipated and imminent disbursements.