Resolution of Certain Disputes. Dispute any obligations of the Trust except where the incurrence or payment of such obligations has been previously approved by a Contributor Direction. In particular, and without limiting the generality of the foregoing, where a Tax Obligation is levied or assessed against the Trustee in respect of the Fund, the Trustee shall give reasonable prior notice to the Contributor 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 3 contracts
Sources: Trust Agreement, Trust Agreement, Trust Agreement