Common use of Inconsistent Action Clause in Contracts

Inconsistent Action. Neither the Trustee nor the Depositor shall take any action that is inconsistent with the purposes of the Trust. The Depositor shall not direct the Trustee to take any action that is inconsistent with the purposes of the Trust.

Appears in 2 contracts

Sources: Master Trust Agreement (Olden Lane Trust C/O Olden Lane Securities LLC), Master Trust Agreement (Equinox Trust)