Common use of Administrative Trustees Clause in Contracts

Administrative Trustees. (a) The initial Administrative Trustees shall be: Xxxxxxxx X. Xxxxxxx c/o New South Bancshares, Inc. 0000 Xxxxxxxxx Xxxxxxxxx Xxxxxxxxxx, Xxxxxxx 00000 Xxxxxxx X. Xxxxx c/o New South Bancshares, Inc. 0000 Xxxxxxxxx Xxxxxxxxx Xxxxxxxxxx, Xxxxxxx 00000 (b) Except as expressly set forth in this Trust Agreement and except if a meeting of the Administrative Trustees is called with respect to any matter over which the Administrative Trustees have power to act, any power of the Administrative Trustees may be exercised by, or with the consent of, any one such Administrative Trustee. (c) Unless otherwise determined by the Administrative Trustees, and except as otherwise required by the Business Trust Act or applicable law, any Administrative Trustee is authorized to execute on behalf of the Trust any documents which the Administrative Trustees have the power and authority to cause the Trust to execute pursuant to Section 3.6, provided, that, the registration statement referred to in Section 3.6, including any amendments thereto, shall be signed by all of the Administrative Trustees; and (d) An Administrative Trustee may, by power of attorney consistent with applicable law, delegate to any other natural person over the age of 21 his or her power for the purposes of signing any documents which the Administrative Trustees have power and authority to cause the Trust to execute pursuant to Section 3.6.

Administrative Trustees. (a) The initial Administrative Trustees shall be: Xxxxxxxx Xxxxxx X. Xxxxxxx Xxxxxxxxx III c/o New South ServisFirst Bancshares, Inc. 0000 Xxxxxxxxx Xxxxxxxxx Xxxxxx Xxxx, Xxxxx 000 Xxxxxxxxxx, Xxxxxxx 00000 Xxxxxxx X. Xxxxx Xxxxxx c/o New South ServisFirst Bancshares, Inc. 0000 Xxxxxxxxx Xxxxxxxxx Xxxxxx Xxxx, Xxxxx 000 Xxxxxxxxxx, Xxxxxxx 00000 (b) Except as expressly set forth in this Trust Agreement and except if a meeting of the Administrative Trustees is called with respect to any matter over which the Administrative Trustees have power to act, any power of the Administrative Trustees may be exercised by, or with the consent of, any one such Administrative Trustee. (c) Unless otherwise determined by the Administrative Trustees, and except as otherwise required by the Business Statutory Trust Act or applicable law, any Administrative Trustee is authorized to execute on behalf of the Trust any documents which the Administrative Trustees have the power and authority to cause the Trust to execute pursuant to Section 3.6, provided, that, the registration statement referred to in Section 3.6, including any amendments thereto, shall be signed by all of the Administrative Trustees; and (d) An Administrative Trustee may, by power of attorney consistent with applicable law, delegate to any other natural person over the age of 21 his or her power for the purposes of signing any documents which the Administrative Trustees have power and authority to cause the Trust to execute pursuant to Section 3.6.

Administrative Trustees. (a) The initial Administrative Trustees shall be: Xxxxxxxx Txxxxx X. Xxxxxxx Xxxxxxxxx III c/o New South ServisFirst Bancshares, Inc. 0000 Xxxxxxxxx Xxxxxxxxx 800 Xxxxxx Xxxxx Xxxxxxx, Xxxxx 000 Xxxxxxxxxx, Xxxxxxx 00000 Xxxxxxx Wxxxxxx X. Xxxxx Xxxxxx c/o New South ServisFirst Bancshares, Inc. 0000 Xxxxxxxxx Xxxxxxxxx 800 Xxxxxx Xxxxx Xxxxxxx, Xxxxx 000 Xxxxxxxxxx, Xxxxxxx 00000 (b) Except as expressly set forth in this Trust Agreement and except if a meeting of the Administrative Trustees is called with respect to any matter over which the Administrative Trustees have power to act, any power of the Administrative Trustees may be exercised by, or with the consent of, any one such Administrative Trustee. (c) Unless otherwise determined by the Administrative Trustees, and except as otherwise required by the Business Statutory Trust Act or applicable law, any Administrative Trustee is authorized to execute on behalf of the Trust any documents which the Administrative Trustees have the power and authority to cause the Trust to execute pursuant to Section 3.6, provided, that, the registration statement referred to in Section 3.6, including any amendments thereto, shall be signed by all of the Administrative Trustees; and (d) An Administrative Trustee may, by power of attorney consistent with applicable law, delegate to any other natural person over the age of 21 his or her power for the purposes of signing any documents which the Administrative Trustees have power and authority to cause the Trust to execute pursuant to Section 3.6.

Administrative Trustees. (a) The initial Administrative Trustees shall be: Xxxxxxxx Xxxxx X. Xxxxx Xxxxxxx X. Xxxxxxx c/o New South Bancshares, Inc. 0000 Xxxxxxxxx Xxxxxxxxx Xxxxxxxxxx, Xxxxxxx 00000 Xxxxxxx Xxxxxx X. Xxxxx c/o New South BancsharesMainStreet BankGroup Incorporated Church and Xxxxxxxxx Xxxxxxx Xxxxxxxxxxxx, Inc. Xxxxxxxx 00000 Fax: (000) 000-0000 Xxxxxxxxx Xxxxxxxxx Xxxxxxxxxx, Xxxxxxx 00000Tel: (000) 000-0000 (ba) Except as expressly set forth in this Trust Agreement Declaration and except if a meeting of the Administrative Trustees is called with respect to any matter over which the Administrative Trustees have power to act, any power of the Administrative Trustees may be exercised by, or with the consent of, any one such Administrative Trustee. (cb) Unless otherwise determined by the Administrative Trustees, and except as otherwise required by the Business Trust Act or applicable law, any Administrative Trustee is authorized to execute on behalf of the Trust any documents which the Administrative Trustees have the power and authority to cause the Trust to execute pursuant to Section 3.6, provided, that, the registration statement Registration Statement referred to in Section 3.6, including any amendments thereto, shall be signed by all of the Administrative Trustees; and (dc) An Administrative Trustee may, by power of attorney consistent with applicable law, delegate to any other natural person over the age of 21 his or her power for the purposes of signing any documents which the Administrative Trustees have power and authority to cause the Trust to execute pursuant to Section 3.6.