Common use of Power to Settle Claims Clause in Contracts

Power to Settle Claims. The Representatives, in consultation with the Board of Directors, may, if and as they think fit, compromise, compound, abandon, submit to arbitration or otherwise settle a debt, account, claim or other thing relating to the Representatives. For any of these purposes, the Representatives may enter, give, execute and do the agreements, instruments of composition or arrangement, releases and other things that the Representatives considers expedient.

Power to Settle Claims. The Representatives, in consultation with the Board of DirectorsTrustees, may, if and as they think fit, compromise, compound, abandon, submit to arbitration or otherwise settle a debt, account, claim or other thing relating to the Representatives (acting in their capacity as Representatives) or the Sponsor Board. For any of these purposes, the Representatives may enter, give, execute and do the agreements, instruments of composition or arrangement, releases and other things that the Representatives considers consider expedient.