TRUSTEE’S GENERAL POWERS Sample Clauses

The "Trustee’s General Powers" clause defines the broad authority granted to a trustee in managing and administering the trust’s assets. This clause typically allows the trustee to perform actions such as buying, selling, investing, or otherwise dealing with trust property as they see fit, within the bounds of their fiduciary duties. For example, the trustee may be empowered to enter contracts, settle claims, or make distributions to beneficiaries. The core function of this clause is to provide the trustee with the flexibility and legal authority needed to effectively manage the trust and respond to changing circumstances, thereby ensuring the trust’s objectives are met.
TRUSTEE’S GENERAL POWERS. The Trustee shall have, with respect to the Trust, the following powers, all of which powersare fiduciary powers to be exercised in a fiduciary capacity and in the best interests of the Trust and the beneficiaries thereof, and which are to be exercised as the Trustee, acting in such fiduciarycapacity, in its discretion, shall determine and, except as otherwise provided, which are intended in no way to limit the powers of the office, namely:
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TRUSTEE’S GENERAL POWERS. The Trustee will have power: (a) to manage administer and deal with the Fund and all proceedings matters and things connected with the Fund; and (b) to enter into and execute all contracts deeds and documents and to do all such matters and things as it considers expedient for the purpose of carrying out the trusts authorities powers and discretions conferred upon the Trustee by this Deed with power, subject to the other provisions of this Deed, to give such undertakings and incur all such obligations relating to the Fund as the Trustee thinks fit; and such further powers as may be necessary ancillary or incidental to this Deed.
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TRUSTEE’S GENERAL POWERS. 8.01 Extension of Obligations and Negotiation of Claims. 26
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TRUSTEE’S GENERAL POWERS. The Trustee shall have the all of the rights and powers generally accorded to trustees under the laws of the State of Florida, provided that without limiting the generality of the foregoing the Trustee shall have the express power: (a) To hold the Axion Shares so long as she deems proper; (b) To sell Axion Shares for the purpose of paying the ordinary and necessary administrative and operating expenses of the Trust, including fees owed to the Trustee, staff salaries, office and administrative overhead, travel expenses, legal fees and expenses, accounting and auditing fees, brokerage fees and all other normal business expenses reasonably and necessarily incurred in connection with the administration and operation of the Trust; (c) To sell Axion Shares for the purpose of paying the ordinary and necessary administrative and operating expenses incurred by Mega-C during the pendancy of the Chapter 11 Case, including fees owed to the Bankruptcy Trustee, staff salaries, office and administrative overhead, travel expenses, legal fees and expenses, accounting and auditing fees, brokerage fees and all other normal business expenses reasonably and necessarily incurred in connection with the administration and operation of Mega-C; (d) To borrow money in such reasonable amounts as may be necessary, desirable or convenient to facilitate the efficient administration of the Trust pursuant to the provisions of this Amendment and in connection therewith to draw, make, execute and issue promissory notes and other instruments and evidences of indebtedness; to secure the payment of the sums so borrowed; and to mortgage, pledge, transfer or assign in trust all or any part of the Axion Shares in support of such borrowings. (e) To make distributions of the Axion Shares to Category-I Beneficiaries; (f) To sell Axion Shares for the benefit of Category-II Beneficiaries at such times, in such manner and with due regard for prevailing market conditions as in her discretion and judgment may be deemed for the best interest of the Category-II Beneficiaries as a group; (g) To distribute all cash proceeds from the sale of Axion Shares to the Category-II Beneficiaries in proportion to their respective interests in the Trust; (h) To compromise, settle, arbitrate, or defend any claim or demand in favor of or against the Trust; and (i) To act through an agent or attorney-in-fact, by and under power of attorney duly executed by the Trustee, in carrying out any of the authorized powers and dutie...
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TRUSTEE’S GENERAL POWERS. Until the happening of some or one of the events on which this security becomes enforceable, the Trustee shall not be in any manner bound or concerned to interfere with the management or affairs of the Company or its business or the custody, care preservation or repair of the charged Premises or any part thereof. At any time, before the security hereby constituted becomes enforceable, the Trustee may upon the request and at the expense of the Company, but only if and so far as in its opinion the interest of the debenture-holders shall not be prejudiced thereby, do or concur in doing all or any of the things following, that is to say: (a) Sell, call in, collect and convert any part of the mortgaged premises in such manner and generally on such terms and conditions as the Trustee may deem expedient and give any option to purchases. (b) Exchange any part or parts of the mortgaged premises for any other property suitable for the purposes of the Company and upon such terms as the Trustee may deem expedient and either with or without payment or receipt of money for equality of exchange or otherwise (c) Enter into, make, execute, sign and do all such contracts, agreements, receipts, payments, assignments, transfer, conveyances, assurance, acts, and things and bring, prosecute, enforce defend and abandon all such actions, suits and proceedings in relation to the charged assets as the Trustees may deem expedient. (d) Do all or any of these things from time to time and at such time or time and condition and in such manner as the Trustees may approve. (e) Generally and without being limited to the specific powers above given, act in relation to the charged / hypothecated assets in such manner and on such terms as the Trustee may in the interest of the debenture-holders think expedient. (f) Acquire a new or renew a lease of any part of the mortgaged premises which may at any time be held on lease for such term and at such rents and subject to such covenants, conditions (g) Permit the Company or any nominee of the Company or of the Trustee to exercise any powers or rights incidental to the ownership of any of the mortgaged premises and permit the Company or its agents to receive any purchase or other moneys forming part of the mortgaged premises and permit the Company or its agents to receive any purchase or other moneys forming part of the charged premises on an undertaking to deal with the same in a specific manner. (h) Assent to the modification of the Licenses of a...
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TRUSTEE’S GENERAL POWERS 
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Related to TRUSTEE’S GENERAL POWERS

  • General Powers The business and affairs of the corporation shall be managed by or under the direction of the board of directors.

  • Trustee’s Powers 5.1 In addition to all of the powers conferred upon the Trustees by the other provisions of this Deed or by any statute or general rule of law, but subject always to paragraphs 5.4 and 5.5, the Trustees are hereby given the power to administer the Trust Fund in whatever manner they consider appropriate, and they may take any action in connection with the Trust Fund, and may exercise any power which may now exist or which may arise in the future, to the same extent and as fully as an individual could do, if such individual were the sole beneficial owner of the Trust Fund. 5.2 Without limiting the generality of paragraph 5.1, but subject always to paragraphs 5.4 and 5.5, the Trustees may exercise any or all of the powers set out in the Schedule to this Deed, as they consider appropriate. 5.3 Each and every power conferred upon the Trustees by this Deed: (a) is an absolute and unfettered power which may be exercised at any time or times and in such manner as the Trustees consider appropriate, and so long as the Trustees act honestly and in good faith when exercising any such power: (i) no exercise of any such power may be challenged, reversed, reviewed or called into question by the Board, by any person that receives a distribution from this Trust, or by any court having jurisdiction over this Trust or the Trustees; and (ii) the Trustees shall not be obliged to give any reason or justification for the exercise or non-exercise of any such power to the Board, the Company or to any person that receives a distribution from this Trust, or to any court having jurisdiction over this Trust or the Trustees; (b) includes the right to refrain from exercising such power; and (c) includes the right to use any part or all of the Trust Fund to pay the costs, charges and expenses incidental to, or associated with, the exercise of such power. 5.4 When exercising any power, the Trustees must have regard to the directions of the Board as expressed to the Trustees from time to time in writing. 5.5 Notwithstanding any other paragraph of this Deed, the Trustees shall not exercise any power contained or referred to in the following enumerated paragraphs of the Schedule to this Deed without first obtaining the Board’s written consent:

  • Delegation of Powers Subject to any limitations set forth in the Act, the member(s) may delegate any of its powers to officers of the Company or to committees consisting of persons who may or may not be member(s). Every officer or committee shall, in the exercise of the power so delegated, comply with any restrictions that may be imposed on them by the member(s).

  • Rights and Remedies Generally Upon the occurrence and during the continuance of any Event of Default, the Lender shall have, in addition to any other rights and remedies contained in this Agreement and in any of the other Financing Agreements, all of the rights and remedies of a secured party under the Code or other applicable laws, all of which rights and remedies shall be cumulative, and non-exclusive, to the extent permitted by law, including, without limitation, the right of Lender to sell, assign, or lease any or all of the Collateral or the Real Property. Upon notice to the Borrowers after an Event of Default and during the continuance thereof, Borrowers at their own expense shall assemble all or any part of the Collateral as determined by Lender and make it available to Lender at any location designated by Lender. In such event, the Borrowers shall, at their sole cost and expense, store and keep any Collateral so assembled at such location pending further action by Lender and provide such security guards and maintenance services as shall be necessary to protect and preserve such Collateral. In addition to all such rights and remedies, the sale, lease or other disposition of the Collateral, or any part thereof, by the Lender after an Event of Default and during the continuance thereof may be for cash, credit or any combination thereof, and the Lender may purchase all or any part of the Collateral at public or, if permitted by law, private sale, and in lieu of actual payment of such purchase price, may set-off the amount of such purchase price against the Liabilities of the Borrowers then owing. Any sales of such Collateral may be adjourned from time to time with or without notice. The Lender may, in its sole discretion, cause the Collateral to remain on any Borrower’s premises, at the Borrowers’ expense, pending sale or other disposition of such Collateral. The Lender shall have the right after an Event of Default and during the continuance thereof to conduct such sales on any Borrower’s premises, at the Borrowers’ expense, or elsewhere, on such occasion or occasions as the Lender may see fit.

  • Powers and Duties General Immunity ▇. ▇▇▇▇▇▇; DUTIES SPECIFIED. Each Lender irrevocably authorizes each Agent to take such action on such Lender's behalf and to exercise such powers, rights and remedies hereunder and under the other Loan Documents as are specifically delegated or granted to such Agent by the terms hereof and thereof, together with such powers, rights and remedies as are reasonably incidental thereto. Each Agent shall have only those duties and responsibilities that are expressly specified in this Agreement and the other Loan Documents. Each Agent may exercise such powers, rights and remedies and perform such duties by or through its agents or employees. No Agent shall have, by reason of this Agreement or any of the other Loan Documents, a fiduciary relationship in respect of any Lender; and nothing in this Agreement or any of the other Loan Documents, expressed or implied, is intended to or shall be so construed as to impose upon any Agent any obligations in respect of this Agreement or any of the other Loan Documents except as expressly set forth herein or therein.