The Trustee may from time to time seek the advice of with counsel, who could also be counsel to the Grantor, with respect to any query arising as to the development of this Agreement or any action to be taken hereunder. All taxes of any variety which may be assessed or levied in opposition to or in respect of the Fund and all brokerage commissions incurred by the Fund shall be paid from the Fund. The Trustee shall be indemnified and saved harmless by the Grantor or from the Trust Fund, or each, from and against any private legal responsibility to which the Trustee may be subjected by purpose of any act or conduct in its official capability, together with all bills fairly incurred in its protection within the occasion the Grantor fails to provide such defense. Such proceeds and every other property subsequently transferred to the Trustee is referred to because the Fund, along with all earnings and earnings thereon, less any funds or distributions made by the Trustee pursuant to this Agreement. Section 14. Amendment of Agreement.
Section 13. Instructions to the Trustee. The Trustee shall haven’t any responsibility to act within the absence of such orders, requests, and instructions from the Grantor and/or EPA, besides as supplied for herein. All orders, requests, certifications of valid claims, and directions to the Trustee shall be in writing, signed by such individuals as are designated in the hooked up Exhibit A or such other designees because the Grantor may designate by amendments to Exhibit A. The Trustee shall be absolutely protected in performing without inquiry in accordance with the Grantor’s orders, requests, and instructions. The Trustee shall be totally protected, to the extent permitted by legislation, in acting upon the advice of counsel. Whereas, the Grantor, appearing by way of its duly authorized officers, has selected the Trustee to be the trustee beneath this settlement, and the Trustee is willing to act as trustee. Section 20. Interpretation. As used on this Agreement, words within the singular embody the plural and words in the plural embody the singular. Section 17. Irrevocability and Termination.
Section 15. Irrevocability and Termination. Subject to the right of the events to amend this Agreement as provided in Section 16, this Trust shall be irrevocable and shall continue until terminated on the written agreement of the Grantor, the Trustee, and the EPA Regional Administrator, or by the Trustee and the EPA Regional Administrator, if the Grantor ceases to exist. The Trustee shall have the precise to assume, within the absence of written notice to the opposite, that no occasion constituting a change or a termination of the authority of any particular person to act on behalf of the Grantor or the EPA Regional Administrator hereunder has occurred. This Agreement may be amended by an instrument in writing executed by the Grantor, the Trustee, and the appropriate EPA Regional Administrator, or by the Trustee and the suitable EPA Regional Administrator if the Grantor ceases to exist. Payments made to the Trustee for the Fund shall consist of the proceeds from the letter of credit drawn upon by the Trustee in accordance with the requirements of forty CFR 261.151(ok) and Section four of this Agreement.
The Trustee shall not incur personal legal responsibility of any nature in reference to any act or omission, made in good faith, within the administration of this Trust, or in finishing up any instructions by the Grantor or the EPA Regional Administrator issued in accordance with this Agreement. The Trustee shall not incur private legal responsibility of any nature in reference to any act or omission, made in good faith, in the administration of this Trust, or in carrying out any directions by the Grantor and the EPA Regional Administrator issued in accordance with this Agreement. The Trustee is authorized to hold money awaiting investment or distribution uninvested for an inexpensive time and without legal responsibility for the payment of curiosity thereon. 80a-1 et seq., together with one which may be created, managed, underwritten, or to which funding recommendation is rendered or the shares of that are offered by the Trustee. Section 10. Advice of Counsel.
