Prudence. The persons signing this Settlement Agreement on behalf of any trust, fund, plan, or other organization warrant and represent that they have concluded that this settlement is reasonable, prudent and in the best interest of the beneficiaries, participants, members, shareholders, and employees to whom they owe any fiduciary duty or other duty of care. Said persons also warrant and represent that they have engaged in all actions and procedures required by law, agreement, or governing principle to reach the conclusion that this settlement is reasonable, prudent, and in the best interest of the beneficiaries, participants, members, shareholders, and employees to whom they owe any fiduciary duty or other duty of care.
Appears in 3 contracts
Sources: Settlement Agreement, Settlement Agreement (Wilshire Financial Services Group Inc), Settlement Agreement (Fog Cutter Capital Group Inc)