📄 Extracted Text (376 words)
The Trustee shall continue to have all the powers herein vested in him
until the final distribution of all property in his hands.
FOURTH
, •
The Grantor authorizes and einpowers the Trustee to sell, to continue or
to liquidate, in who?e or in part, the Trust's interest in any corporation, partnership,
individual proprietorship or other business, subject. however, to the provisions of any
stockholders' Agreement or other Agreement with respect to such business which may
be in force. Any such sale may be at a price and on terms nr conditions which the
Trustee in good faith considers fair and advisable. Any such sale may be made to any
one or more of the Grantor's business associates, any one or more employees of any
business in which the Granter may be engaged. and any one or more of the Grantor's
relatives, even though said business 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, to pannership, individual, corporate or other form, arid to continue such
business or interest therein as long as he may consider it advisable, and to enter ituo
contracts, make expenditures and do all other acts which he may regard as necessary or
proper in connection with the acquisition and corxhict 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 and
conduct of such business 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 reason of
the acquisition or conduct of such business or interest therein. 'the authority granted to
the Trustee pursuant to this article shall be ir. addition to and not in limitation of the
powers granted to him elsewhere in this Agreement.
FIFTH
The Grantor makes the following provisions with respect to the Trustee
!OW. 5
Confidential Treatment Requested by JPM-SDNY-00001955
JPMorgan Chase
CONFIDENTIAL SDNY_GM_00271153
EFTA01479938
ℹ️ Document Details
SHA-256
f1108d0eabf087faf386cff2d36adc1d544684257045897def03a37fa2f16e05
Bates Number
EFTA01479938
Dataset
DataSet-10
Document Type
document
Pages
1