Common use of Further Powers: Limitations Clause in Contracts

Further Powers: Limitations. The Trustees shall have power to do all such other matters and things, and to execute all such instruments, as they deem necessary, appropriate or desirable in order to carry out, promote or advance the interests of the Trust, whether or not such matters or things are herein specifically mentioned. In construing the provisions of this Declaration of Trust, the presumption shall be in favor of a grant of power to the Trustees. The Trustees shall not be required to obtain any court order to deal with the Trust Property. The Trustees may limit their right to exercise any of their powers through express restrictive provisions in the instruments evidencing or providing the terms for any Shares of the Trust or in other contractual instruments adopted on behalf of the Trust.

Further Powers: Limitations. The Trustees shall have power to do all such other matters and things, and to execute all such instruments, as they deem necessary, appropriate or desirable in order to carry out, promote or advance the interests of the Trust, whether or not such matters or things are herein specifically mentioned. In construing the provisions of this Declaration of Trust, the presumption shall be in favor of a grant of power to the Trustees. The Trustees shall not be required to obtain any court order to deal with the Trust Property. The Trustees may limit their right to exercise any of their powers through express restrictive provisions in the instruments evidencing or providing the terms for any Shares Securities of the Trust or in other contractual instruments adopted on behalf of the Trust.