Common use of Miscellaneous Powers Clause in Contracts

Miscellaneous Powers. CalTRUST shall have the power to: (i) employ or contract with such persons as CalTRUST may deem desirable for the transaction of the affairs of CalTRUST, including such agents or employees as CalTRUST considers appropriate; (ii) to the extent permitted by applicable law, enter into joint ventures, partnerships and any other combinations or associations; (iii) purchase, and pay for out of CalTRUST property, insurance policies insuring the Trustees, officers, employees, agents, Members, investment advisers, distributors, or independent contractors of CalTRUST against all claims arising by reason of holding any such position or by reason of any action taken or omitted by any such person in such capacity, whether or not constituting negligence, or whether or not CalTRUST would have the power to indemnify such person against such liability; (iv) to the extent permitted by applicable law, indemnify any person with whom CalTRUST has dealings to such extent as CalTRUST shall determine, including, without limitation, any administrator of CalTRUST; (v) determine and change the fiscal year of CalTRUST and the method by which its accounts shall be kept; and

Miscellaneous Powers. CalTRUST shall have the power to: (i) employ or contract with such persons as CalTRUST may deem desirable for the transaction of the affairs of CalTRUST, including such agents or employees as CalTRUST considers appropriate; (ii) to the extent permitted by applicable law, enter into joint ventures, partnerships and any other combinations or associations; (iii) purchase, and pay for out of CalTRUST property, insurance policies insuring the Trustees, officers, employees, agents, Members, investment advisers, distributors, or independent contractors of CalTRUST against all claims arising by reason of holding any such position or by reason of any action taken or omitted by any such person in such capacity, whether or not constituting negligence, or whether or not CalTRUST would have the power to indemnify such person against such liability; (iv) to the extent permitted by applicable law, indemnify any person with whom CalTRUST has dealings to such extent as CalTRUST shall determine, including, without limitation, any administrator of CalTRUST; (v) determine and change the fiscal year of CalTRUST and the method by which its accounts shall be kept; andand‌

Miscellaneous Powers. CalTRUST shall have the power to: (i) employ or contract with such persons as CalTRUST may deem desirable for the transaction of the affairs of CalTRUST, including such agents or employees as CalTRUST considers appropriate; (ii) to the extent permitted by applicable law, enter into joint ventures, partnerships and any other combinations or associations; (iii) purchase, and pay for out of CalTRUST property, insurance policies insuring the Trustees, officers, employees, agents, Members, investment advisers, distributors, or independent contractors of CalTRUST against all claims arising by reason of holding any such position or by reason of any action taken or omitted by any such person in such capacity, whether or not constituting negligence, or whether or not CalTRUST would have the power to indemnify such person against such liability; (iv) to the extent permitted by applicable law, indemnify any person with whom CalTRUST ▇▇▇▇▇▇▇▇ has dealings to such extent as CalTRUST shall determine, including, without limitation, any administrator of CalTRUST; (v) determine and change the fiscal year of CalTRUST and the method by which its accounts shall be kept; andand (vi) adopt a seal for CalTRUST, but the absence of such seal shall not impair the validity of any instrument executed on behalf of CalTRUST.