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any mutually agreed upon electronic or facsimile communication device, and the trustee may fully <br />rely upon the validity and authenticity thereof. <br />(f) If an Investment Manager resigns or is removed by the Employer, the Employer shall promptly <br />notify the Trustee and that portion of the Trust funds shall again be invested pursuant to the <br />instructions of the Employer until another Investment Manager has been appointed with respect <br />to that portion of the Trust funds. <br />Section 4: General Duties of Trustee. <br />(a) The Trustee shall receive, hold, manage, invest and reinvest the Trust Fund pursuant to the <br />provisions of this Section and Section 5 in accordance with the directions of the Employer. The <br />Trustee shall take no action except pursuant to directions received by it from the Employer, and <br />shall have no duty to determine any facts or the propriety of any action taken or omitted by it in <br />good faith pursuant to instructions from such persons. <br />(b) The Trustee shall be responsible, pursuant to client direction, only for such assets as are <br />actually received by it as Trustee hereunder. The Trustee shall have no duty or authority to <br />ascertain whether any contributions should be made to it pursuant to the Plan, nor shall it have <br />any responsibility concerning the amount of any contribution or the application of the Plan's <br />contribution formula.. The Trustee shall be obligated to take actions to enforce the Plan's claims <br />for delinquent contributions solely upon the direction of either (i) the Employer or (ii) another <br />named fiduciary for contributions who has been designated in accordance with the Plan. <br />(c) The duties and obligations of the Trustee hereunder shall be limited to those expressly <br />imposed upon it by this Trust Agreement notwithstanding any reference herein to the Plan, and <br />no further duties or obligations of the Trustee, such as a duty to value Plan investments, <br />determine the prudence of any Plan investment, or diversify Plan investments, shall be implied. <br />The Trustee shall not be liable in discharging its duties hereunder if it acts in good faith and in <br />accordance with the terms of this Trust Agreement and in accordance with applicable Federal or <br />state laws, rules and regulations. <br />The Trustee shall have no responsibilities, duties and obligations with respect to any assets not <br />held under this Trust, even if those assets are held as assets of the Plan under a separate trust <br />agreement. Any duties and obligations arising from such assets shall be solely those of the <br />trustees named in such separate trust agreement, or, in the event no such separate trust exists, <br />the plan sponsor. <br />Section 5: Power and Duties of Trustee with Respect to Trust Fund. <br />The Trustee shall have the following powers and duties regarding the Trust Fund: <br />(a) To hold title to the assets of the Trust Fund, which may include entering into depository <br />arrangements for the safekeeping of records relevant to the ownership of such assets with any <br />bank or banks as the Trustee may choose. Without limiting the generality of the foregoing, the <br />Employer specifically directs the Trustee to appoint, and the Trustee hereby appoints the <br />Employer or its delegate to act as custodian with respect to promissory notes, mortgages and <br />related documents given in connection with Plan loans, if any. <br />(b) To invest the assets of the Trust Fund in such investment vehicles as directed by the Employer, <br />including Plan loans made to participants, and annuity or insurance contracts issued by affiliates <br />of the Trustee, in accordance with directions received from the Employer, and to agree to <br />amendments to such annuity or insurance contracts, as directed by the Employer. The Trustee <br />shall have no duty or responsibility to determine the appropriateness of any plan investment, or <br />to cause such investments to be changed. Notwithstanding any other provision of this <br />Agreement, all notices, proposed contract amendments, rate or fee changes or other <br />2501-35 <br />