Alternate Trustees Sample Clauses

Alternate Trustees. (a) Each party described in Section 4.1 as being authorized to appoint a Trustee may appoint an alternate Trustee for each Trustee that party is entitled to appoint. An individual appointed a Trustee pursuant to Section 4.1 is ineligible to be appointed an alternate Trustee.
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Alternate Trustees. Upon the initial Trustee’s death, incompetence, resignation or other inability to act during any time while this Trust Agreement shall remain in force, then the Settlor nominates and appoints Settlor’s spouse, ^, and ^, of the Town of ^, County of ^ and State of ^, as Successor Co-Trustees of this Trust Agreement. Upon the subsequent resignation, death or incompetence or other inability of either of the aforesaid Trustees to act as Co-Trustee, then the Settlor nominates and appoints ^ of the Town of ^, County of ^ and State of ^, as Successor Co-Trustee of this Trust Agreement to act jointly with the remaining Trustee. Upon the subsequent resignation, death or incompetence or other inability of a Co-Trustee hereof, then the Settlor nominates and appoints ^ of the Town of ^, County of ^ and State of ^, as Successor Co-Trustee of this Trust Agreement to act jointly with the remaining Trustee. Upon the subsequent resignation, death or incompetence or other inability to act of either of the then Trustees, then the remaining Successor Co-Trustee therein acting shall serve alone as Trustee of this Trust Agreement; provided however, if the remaining Successor Co-Trustee is the Settlor’s spouse, ^, she shall not serve alone as Trustee, but shall serve with the ^ or any Successor Corporate Trustee serving hereunder. Upon the subsequent resignation, death or incompetence or other inability of the remaining Trustee to act as Successor Trustee, then the Settlor nominates and appoints the ^, or its successor, having a place of business in ^, Connecticut, as Successor Trustee of this Trust Agreement. Upon the removal, resignation or other inability of ^, or its successor, to act as Trustee, a Successor Corporate Trustee shall be appointed by the Probate Court having jurisdiction, but such Trustee appointment shall not thereafter create any continuing duty to account to the Probate Court unless otherwise demanded by the Settlor.
Alternate Trustees. Whenever the Issuer shall so determine, a Person different than the initial Trustee may be appointed by the Issuer to act as an alternate Trustee with respect to any Series of Bonds proposed to be issued hereunder. Such alternate Trustee shall also satisfy the eligibility requirements of the TIA and this Article VI. The Issuer shall have the power to appoint a separate Trustee to act as Trustee with respect to any Series of Bonds proposed to be issued hereunder and each such alternate Trustee and the Issuer alone shall have the power to execute and deliver an agreement supplemental hereto, which agreement supplemental hereto may be the Series Supplement for such Series of Bonds, which shall contain such provisions as shall be deemed necessary or desirable to confirm that all the rights, powers, trust and duties of the Trustee with respect to the Outstanding Bonds of any Series as to which the Trustee initially named in the Series Supplement for such Series is not retiring, shall continue to be vested in such initial Trustee, and shall add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trust hereunder by more than one Trustee with respect to the Outstanding Bonds of any Series as to which the initial Trustee named herein is not to be the Trustee or with respect to any proposed Series of Bonds, it being understood that nothing herein or in such supplemental agreement shall constitute such Trustees as co-Trustees of the same trust and that each such Trustee shall be a Trustee of a separate trust or trusts with respect to different Series of Bonds each concurrently Outstanding. No separate or alternate Trustee shall accept its appointment unless, at the time of such acceptance such separate Trustee shall be qualified and eligible under this Article VI.
Alternate Trustees. An Alternate Trustee shall be designated for each Trustee designated. Alternate Trustees may attend and vote at Trust meetings in the absence of the Trustee for whom that person is an alternate.
Alternate Trustees. Each Trustee shall have the power to nominate another person to act as alternate Trustee in his place during his absence or inability to act, and the appointment shall remain effective unless the Trustees decide to cancel the at the next succeeding meeting (save that the Trustees may not cancel the appointment of an alternate Trustee who is a Trustee in his own right). On his appointment as such, the alternate Trustee shall, in all respects, be subject to all the conditions applicable to the other Trustees of the Club. other security on the undertaking, on the whole or any part of the Scheme Accommodation, both present and future, subject to the provisions of the Constitution;
Alternate Trustees. For each Principal Trustee required to be appointed pursuant to Section 1 of this Article, the organization making the appointment shall appoint an Alternate Trustee to serve in the place and stead of such Principal Trustee in the event of the Principal Trustee's disability, death, resigna- tion or absence. In the event that both a Principal Trustee and the Alternate Trustee are unable to serve for any reason whatsoever, then a majority of the remaining Principal Trustees of the same appointing authority shall designate a temporary successor Alternate Trustee from the remaining Alternate Trustees to act.
Alternate Trustees. The term "Alternate Trustees" as used herein shall mean the Alternate Trustees and their successors designated in the manner provided herein.
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Alternate Trustees 

Related to Alternate Trustees

  • Successor Trustees Trustee may resign by the giving of notice of such resignation in writing or verbally to Beneficiary. If Trustee shall die, resign or become disqualified from acting in the execution of this trust, or if, for any reason, Beneficiary shall prefer to appoint a substitute trustee or multiple substitute trustees, or successive substitute trustees or successive multiple substitute trustees, to act instead of the aforenamed Trustee, Beneficiary shall have full power to appoint a substitute trustee (or, if preferred, multiple substitute trustees) in succession who shall succeed (and if multiple substitute trustees are appointed, each of such multiple substitute trustees shall succeed) to all the estates, rights, powers and duties of the aforenamed Trustee. Such appointment may be executed by any authorized agent of Beneficiary, and if such Beneficiary be a corporation and such appointment be executed in its behalf by any officer of such corporation, such appointment shall be conclusively presumed to be executed with authority and shall be valid and sufficient without proof of any action by the board of directors or any superior officer of the corporation. Grantor hereby ratifies and confirms any and all acts which the aforenamed Trustee, or Trustee’s successor or successors in this trust, shall do lawfully by virtue hereof. If multiple substitute trustees are appointed, each of such multiple substitute trustees shall be empowered and authorized to act alone without the necessity of the joinder of the other multiple substitute trustees, whenever any action or undertaking of such substitute trustees is requested or required under or pursuant to this Deed of Trust or applicable law.

  • Trustees The number of Trustees shall be such number as shall be fixed from time to time by a majority of the Trustees; provided, however, that the number of Trustees shall in no event be less than two (2) nor more than (15). The natural persons who have executed this Agreement shall be the Trustees as of the date hereof.

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