Common use of Resolution of Certain Disputes Clause in Contracts

Resolution of Certain Disputes. Dispute any obligations of the Trust in particular, and without limiting the generality of the foregoing, where a Tax Obligation is levied or assessed against the Trust in respect of the Fund, the Trustee shall give reasonable prior notice to the Company before paying or agreeing to pay such Tax Obligation. The Trustee may contest the validity of any such Tax Obligation on behalf of and at the expense of the Trust through such Advisors as it may elect to retain for such purpose if the Trustee determines that it is prudent to do so in accordance with the Standard of Care.

Appears in 2 contracts

Sources: Trust Agreement, Trust Agreement

Resolution of Certain Disputes. Dispute any obligations of the Trust in Trust. In particular, and without limiting the generality of the foregoing, where a Tax Obligation is levied or assessed against the Trust in respect of the Fund, the Trustee shall give reasonable prior notice to the Company before paying or agreeing to pay such Tax Obligation. The Trustee may contest the validity of any such Tax Obligation on behalf of and at the expense of the Trust through such Advisors as it may elect to retain for such purpose if the Trustee determines that it is prudent to do so in accordance with the Standard of Care.

Appears in 2 contracts

Sources: Trust Agreement, Trust Agreement