APPOINTMENT OF NEW TRUSTEE Sample Clauses
APPOINTMENT OF NEW TRUSTEE. Where a Holder of the Rights establishes to the satisfaction of Tasmanian Irrigation that it holds the Rights as trustee, that Xxxxxx of the Rights may transfer the Rights to any new trustee of the same trust.
APPOINTMENT OF NEW TRUSTEE. If the Trustee so resigns or is so removed or is dissolved, becomes bankrupt, goes into liquidation or otherwise becomes incapable of acting hereunder, the Corporation will forthwith appoint a new Trustee, unless a new Trustee has already been appointed by the Special Warrantholders.
APPOINTMENT OF NEW TRUSTEE. Lendermarket may appoint any person(s) as trustee provided such new incoming trustee accedes to the terms of this Trust Declaration.
APPOINTMENT OF NEW TRUSTEE. 4.1 The Company shall appoint a new trustee as soon as reasonably practicable and in any event not less than 60 days after the Trustee gives notice of its intention to resign pursuant to Sub‐clause 3.1 or the Commission gives notice of revocation of the Trustee’s appointment or notice of its removal pursuant to Sub‐clause 3.2 failing which the Commission may appoint a new trustee.
4.2 Notwithstanding the foregoing provisions of this Clause the trusteeship of this Trust shall be sole and undertaken only by the holder of a Class I trust licence under the BTCA which holder is, in the opinion of the Commission, fit and proper to act as the trustee of a domestic business trust and is otherwise approved by the Commission to be the trustee hereof.
APPOINTMENT OF NEW TRUSTEE. Where the Customer establishes to the satisfaction of the Water Entity that it holds this Irrigation Right as trustee, the Customer may transfer this Irrigation Right to any new trustee of the same trust.
APPOINTMENT OF NEW TRUSTEE. 12.1 The power of appointing a new trustee or new trustees shall be vested in the Settlor during the lifetime of the Settlor.
12.2 If the Trustee is not a trust corporation according to the relevant jurisdiction, there should be at least two individuals or two non-trust corporations or one individual and one non-trust corporation acting as trustees.
12.3 It is declared that the provisions of the Trustee Ordinance (Cap.29) Section 37 in their application to this Trust shall be varied so that it shall not be a ground for the appointment of a new trustee that an existing trustee has remained out of Hong Kong SAR for more than 12 months.
APPOINTMENT OF NEW TRUSTEE. The statutory power of appointing a new Trustee shall be vested in the Bank. Only a professional corporate trustee, a commercial bank, a licensed financial institution or a Bank or other entity providing corporate secretarial services and owned and operated by a firm of international accountants, may be appointed as trustee of this Trust Deed,
APPOINTMENT OF NEW TRUSTEE. 24.01 The statutory power to appoint new trustees of this Trust Deed shall be vested in the Company, but no trustee shall be appointed who shall not previously have been approved by an Extraordinary Resolution. A trust corporation may be appointed as sole trustee of this Trust Deed. If there shall be more than one trustee of this Trust Deed one trustee must be a trust corporation. Whenever there shall be more than two trustees of this Trust Deed a majority of such trustees (including in such majority a trust corporation) may exercise all the functions, powers and duties by this Trust Deed vested in the Trustee generally.
APPOINTMENT OF NEW TRUSTEE. As soon as practicable
APPOINTMENT OF NEW TRUSTEE. Where a holder of a Water Entitlement or a Security Interest establishes to the satisfaction of the Water Entity that:
(a) it holds the Water Entitlement or Security Interest as trustee;
(b) the trustee or trustees of the trust have changed; and
(c) if it is a Water Entitlement that is held as trustee, the new trustee or trustees assume liability under the contract constituting the Water Entitlement in such form as the Water Entity requires, the Water Entity must record the new trustee or trustees as the holders of the Water Entitlement or Security Interest.