Common use of Trustee as Agent Clause in Contracts

Trustee as Agent. Trustees serving in any jurisdiction in which a corporate trustee is unable to serve as Trustee may use such corporate trustee as an agent to perform any task that may lawfully be performed by such an agent in that jurisdiction, and may pay to such corporate trustee such compensation for its services as an agent as shall be agreed upon by all Trustees.

Appears in 2 contracts

Sources: Domestic Asset Protection Trust, Trust Agreement (Repass Randolph K)