Common use of Trustee Powers Clause in Contracts

Trustee Powers. The Trustee shall have the following powers and authority: (i) Subject to paragraphs (b), (c) and (d) of this Section 5, to sell, exchange, convey, transfer, or otherwise dispose of any property held in the Trust, by private contract or at public auction. No person dealing with the Trustee shall be bound to see to the application of the purchase money or other property delivered to the Trustee or to inquire into the validity, expediency, or propriety of any such sale or other disposition.

Appears in 7 contracts

Sources: Master Trust Agreement (Quanex Corp), Master Trust Agreement (Quanex Corp), Master Trust Agreement (Quanex Corp)

Trustee Powers. The Trustee shall have the following powers and authority: (i) Subject to paragraphs (b), (c) and (dc) of this Section 54, to sell, exchange, convey, transfer, or otherwise dispose of any property held in the Trust, by private contract or at public auction. No person dealing with the Trustee shall be bound to see to the application of the purchase money or other property delivered to the Trustee or to inquire into the validity, expediency, or propriety of any such sale or other disposition.

Appears in 4 contracts

Sources: Trust Agreement (Polaris Industries Inc/Mn), Trust Agreement (Providian Financial Corp), Master Trust Agreement (Belo a H Corp)

Trustee Powers. The Trustee shall have the following powers and authority: (i) Subject to paragraphs (b), (c) and (d) of this Section 5, to sell, exchange, convey, transfer, or otherwise dispose of any property held in the Trust, by private contract or at public auction. No person dealing with the Trustee shall be bound to see to the application of the purchase money or other property delivered to the Trustee or to inquire into the validity, expediency, or propriety of any such sale or other disposition.

Appears in 3 contracts

Sources: Master Trust Agreement (Zions Bancorporation /Ut/), Master Trust Agreement (Zions Bancorporation /Ut/), Trust, Recordkeeping and Administrative Services Agreement (Claiborne Liz Inc)

Trustee Powers. The Trustee shall have the following powers and authority: (i) Subject to paragraphs (b), (c), (d) and (de) of this Section 54, to sell, exchange, convey, transfer, or otherwise dispose of any property held in the Trust, by private contract or at public auction. No person dealing with the Trustee shall be bound to see to the application of the purchase money or other property delivered to the Trustee or to inquire into the validity, expediency, or propriety of any such sale or other disposition.

Appears in 2 contracts

Sources: Trust Agreement (Oge Energy Corp), Trust Agreement (International Rectifier Corp /De/)

Trustee Powers. The Trustee shall have the following powers and authority: (i) Subject to paragraphs (b), (c), (d), (e), (f) and (dg) of this Section 54, to sell, exchange, convey, transfer, or otherwise dispose of any property held in the Trust, by private contract or at public auction. No person dealing on behalf of the Sponsor with the Trustee shall be bound to see to the application of the purchase money or other property delivered to the Trustee or to inquire into the validity, expediency, or propriety of any such sale or other disposition.

Appears in 1 contract

Sources: Trust Agreement (Dell Computer Corp)

Trustee Powers. The Trustee shall have the following powers and authority: (i) Subject to paragraphs (b), (c) and (dc) of this Section 54, to sell, exchange, convey, transfer, or otherwise dispose of any property held in the Trust, by private contract or at public auction. No person dealing with the Trustee shall be bound to see to the application of the purchase money or other property delivered to the Trustee or to inquire into the validity, expediency, or propriety of any such sale or other disposition.purchase

Appears in 1 contract

Sources: Trust Agreement (California Microwave Inc)

Trustee Powers. The Trustee shall have the following powers and authority: (i) Subject to paragraphs (b), (c) ), and (d) of this Section 54, to sell, exchange, convey, transfer, or otherwise dispose of any property held in the Trust, by private contract or at public auction. No person dealing with the Trustee shall be bound to see to the application of the purchase money or other property delivered to the Trustee or to inquire into the validity, expediency, or propriety of any such sale or other disposition.

Appears in 1 contract

Sources: Trust Agreement (Quanex Corp)