AgdaPkt 2002-12-09 - Laserfiche WebLink

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lL/� � � � �✓ ! Fiduciary, or PARS Trustee must be signed by the authorized person or persons acting on behaff of the Plan Administrator, Investment Fiduciary or Trustee, as the case may be. , 5.7 Trustee Reliance On Directions (a) The Trustee shall be � entitled to - rety upon directions which the Trustee receives. The Trustee shall be under no duty to question any directions of the Investment Fiduciary or Plan Administrator nor to review any securities or other property of the PARS Trust or Agency Trust constituting assets thereof with respect to which an Investment Fiduciary or the Plan Administrator has investment responsibility, nor to make any suggestions to the Investment Fiduciary or Plan Administrator in connection therewith. The Trustee shall, as promptly as possible, comply with any written directions given by the Plan Administrator or an Investment Fiduciary hereunde� � The Trustee shall not be liable, in any manner nor for any reason, for the making or retention of any investment pursuant to such directions, nor shall the Trustee be liable for its failure to invest any or all of the Assets of the Agency Trust in the absence of such written directions. The Trustee shall be under no obligation to seek written clarification in the event of ambiguity. , (b) During such period of time, if any, as the Plan Administrator, or an Investment Fiduciary, is authorized to direct the Trustee, the Trustee shall have no obligation to determine the existence of any conversion, redemption, exchange, subscription or other right relating to any securities purchased of which notice was given prior to the purchase of such securities, and shall have no obligation to exercise any such right unless the Trustee is informed of the existence of the right and is instructed to exerc s suc� Tight, in �.�riting, by the Plan Administrator or the Investment F;duc .�ry, as :ne case may be, within a reasonable time prior to the expiration of such right. (c) In any event, neither the Plan Administrator nor any Investment Fiduciary referred to above shall direct the purchase, sale or retention of any Assets of the Agency Trust if such directions are not in compliance with applicable law. 5.8 Trustee Fees As may be agreed upon, in writing, befinreen the Plan Administrator and Trustee, the Trustee will be paid reasonable compensation for services rendered or reimbursed for expenses properly and actually incurred in the performance of duties with respect to the Agency Trust or the PARS Trust. 20 2567_12 PEL _ _ _. _.. _ _