Third Party Transactions. In addition, and not by way of limitation, the Master Trustee shall have any and all powers and duties concerning the investment, retention or sale of property held in trust as if it were absolute owner of the property, and no restrictions with regard to the property so held shall be implied, warranted or sustained by reason of this Agreement; provided, however, at no time shall the exercise of such powers and duties establish any evidence which would permit a third party to assert a right, title or interest superior to that of the Plans in the property held in the Fund.
Appears in 2 contracts
Sources: Master Defined Contribution Trust Agreement (Rockwell International Corp), Master Defined Contribution Trust Agreement (Belo a H Corp)
Third Party Transactions. In addition, and not by way of ------------------------ limitation, the Master Trustee shall have any and all powers and duties concerning the investment, retention or sale of property held in trust as if it were absolute owner of the property, and no restrictions with regard to the property so held shall be implied, warranted or sustained by reason of this Agreement; provided, however, at no time shall the exercise of such powers and duties establish any evidence which would permit a third party to assert a right, title or interest superior to that of the Plans in the property held in the Fund.. SECTION 10 ---------- Discretionary Powers --------------------
Appears in 1 contract
Sources: Trust Agreement (NVR Inc)