📄 Extracted Text (383 words)
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The Trustee shall continue to have all the powers herein vested in him
until the final distribution of all property in his hands.
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The Grantor; authorizes empoWerS the Trustee to snit to continue or
to liquidate, in whole or in part. the Trust's interest in any corporation, partnership,
individual proprietorship or other business, subject, however, to the provisions of any
stoeitholders' Agreement or other Agreement with respect to such business which may
be in force. Any such Ole May be at a price and on teems or conditions which the
Trustee in good faith considers fair and advisable. Any such sale tray be made to any
one or mot; of the Grantor's business associates. any one or molt employees of any
business in which the Grantor may be engaged, and any one or more of the Gnircor's
relatives, even though Aid buttress associates, employees and relatives, or any.of them:,
may be a Trustee under this Agreement. The Grantor further authorizes and empowers
the Trustee to acquire and to conduct any business of any kind, or any interest in any
such business, in partnership, individual, corporate or other tom, and to continue such
business or interest therein as long as he may consider it advisable, and to enter into
contracts, rake expertditores and do all °diet acts which he may regard as necessary or
propel in connection with the acquisition and conduct of such business or interest therein.
Such authority and power may be exercised notwithstanding the participation of one or
more of the Trustees in such business in his individual capacity. The acquisition std
conduct of such hair= or interest therein shall be at the risk of the Trust acquiring or
conducting such business or interest therein, and the Grantor hereby exonerates the
Trustee from any personal loss or liability which he might otherwise incur by mason of
the acquisition or conduct of .such business or interest therein. The authority grained to
the Trustee pursuant to this article shall be in addition to and nut in limitation of the
powers granted to him elsewhere in this Agreement.
The Grantor makes the following provisions with respect to the Tnnice;
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CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0091946
CONFIDENTIAL SDNY GM 00238130
EFTA01388409
ℹ️ Document Details
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23049aeaa7d25ff3cda118967806b542e6e60eaccf67093d428572114c0bf7d3
Bates Number
EFTA01388409
Dataset
DataSet-10
Document Type
document
Pages
1
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