Authority and Duties of Trustee Sample Clauses

Authority and Duties of Trustee. Section 6.01.
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Authority and Duties of Trustee. SECTION 6.1. General Authority
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Authority and Duties of Trustee. Section 6.01. General Authority 12 Section 6.02. General Duties 12 Section 6.03. Action Upon Instruction 12 Section 6.04. No Duties Except as Specified in this Agreement or in Instructions 13 Section 6.05. No Action Except under Specified Documents or Instructions 14 Section 6.06. Restrictions 14 ARTICLE VII CONCERNING THE TRUSTEE Section 7.01. Acceptance of Trusts and Duties 14 Section 7.02. Reserved 15 Section 7.03. Representations and Warranties 15 Section 7.04. Reliance; Advice of Counsel 16 Section 7.05. Not Acting in Individual Capacity 16 Section 7.06. Trustee Not Liable for Excess Distribution Certificate or Trust Student Loans 16 Section 7.07. Trustee May Own Notes 17
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Authority and Duties of Trustee. Section 6.01. General Authority 12 Section 6.02. General Duties 12 Section 6.03. Action Upon Instruction 12 Section 6.04. No Duties Except as Specified in this Agreement or in Instructions 13 Section 6.05. No Action Except under Specified Documents or Instructions 14 Section 6.06. Restrictions 14
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Authority and Duties of Trustee. Section 6.01. General Authority 13 Section 6.02. General Duties 13 Section 6.03. Action Upon Instruction 13 Section 6.04. No Duties Except as Specified in this Agreement or in Instructions 14 Section 6.05. No Action Except under Specified Documents or Instructions 15 Section 6.06. Restrictions 15 ARTICLE VII CONCERNING THE TRUSTEE Section 7.01. Acceptance of Trusts and Duties 15 Section 7.02. Reserved 16 Section 7.03. Representations and Warranties of the Trustee and the Delaware Trustee 16 Section 7.04. Reliance; Advice of Counsel 17 Section 7.05. Not Acting in Individual Capacity 18 Section 7.06. Trustee and Delaware Trustee Not Liable for Excess Distribution Certificate or Trust Student Loans 18 Section 7.07. Trustee or Delaware Trustee May Own Notes 18 Section 7.08. Duties of the Delaware Trustee 19 ARTICLE VIII COMPENSATION AND INDEMNITY OF THE TRUSTEES Section 8.01. Trustee’s and Delaware Trustee’s Fees and Expenses 19 Section 8.02. Payments to the Trustee and to the Delaware Trustee 19 Section 8.03. Indemnity 19 Page ARTICLE IX TERMINATION OF TRUST AGREEMENT Section 9.01. Termination of Trust Agreement 20 ARTICLE X SUCCESSOR TRUSTEES AND DELAWARE TRUSTEES AND ADDITIONAL TRUSTEES AND DELAWARE TRUSTEES Section 10.01. Eligibility Requirements for Trustee and Delaware Trustee 21 Section 10.02. Resignation or Removal of Trustee 21 Section 10.03. Successor Trustee or Delaware Trustee 22 Section 10.04. Merger or Consolidation of Trustee or Delaware Trustee 22 Section 10.05. Appointment of Co-Trustee or Separate Trustee 23 ARTICLE XI MISCELLANEOUS
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Authority and Duties of Trustee. (a) The Trustee accepts and undertakes to discharge the Trust, upon the terms and conditions hereof. The Trustee shall exercise such of the rights and powers vested in it by this Trust Agreement, and use the same degree of care and skill in its exercise as a prudent person would exercise or use under the circumstances in the conduct of his or her own affairs. No provision of this Trust Agreement shall be construed to relieve the Trustee from liability for its grossly negligent action, its own grossly negligent failure to act, or its own willful misconduct; provided, however, that the Trustee shall not be liable (i) except for the performance of such duties and obligations as are specifically set forth in this Trust Agreement, and no implied covenants or obligations shall be read into this Trust Agreement against the Trustee, or (ii) for any error of judgment made in good faith.
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Authority and Duties of Trustee. 11 Section 5.01. General Authority and Redemption Requests 11 Section 5.02. General Duties 14
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Authority and Duties of Trustee 
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Related to Authority and Duties of Trustee

  • Authority and Duties of Owner Trustee Section 6.01.

  • Appointment Authority and Duties of Agent 12.1.1. Each Lender hereby irrevocably appoints and designates Fleet as Agent to act as herein specified. Agent may, and each Lender by its acceptance of a Note shall be deemed irrevocably to have authorized Agent to, enter into all Loan Documents to which Agent is or is intended to be a party and all amendments hereto and all Security Documents at any time executed by any Borrower, for its benefit and the Pro Rata benefit of Lenders and, except as otherwise provided in this Section 12, to exercise such rights and powers under this Agreement and the other Loan Documents as are specifically delegated to Agent by the terms hereof and thereof, together with such other rights and powers as are reasonably incidental thereto. Each Lender agrees that any action taken by Agent or the Required Lenders in accordance with the provisions of this Agreement or the other Loan Documents, and the exercise by Agent or the Required Lenders of any of the powers set forth herein or therein, together with such other powers as are reasonably incidental thereto, shall be authorized and binding upon all Lenders. Without limiting the generality of the foregoing, Agent shall have the sole and exclusive right and authority to (a) act as the disbursing and collecting agent for Lenders with respect to all payments and collections arising in connection with this Agreement and the other Loan Documents; (b) execute and deliver as Agent each Loan Document and accept delivery of each such agreement delivered by any or all Borrowers or any other Obligor; (c) act as collateral agent for Lenders for purposes of the perfection of all security interests and Liens created by this Agreement or the Security Documents with respect to all material items of the Collateral and, subject to the direction of the Required Lenders, for all other purposes stated therein, provided that Agent hereby appoints, authorizes and directs each Lender to act as a collateral sub-agent for Agent and the other Lenders for purposes of the perfection of all security interests and Liens with respect to a Borrower's Deposit Accounts maintained with, and all cash and Cash Equivalents held by, such Lender; (d) subject to the direction of the Required Lenders, manage, supervise or otherwise deal with the Collateral; and (e) except as may be otherwise specifically restricted by the terms of this Agreement and subject to the direction of the Required Lenders, exercise all remedies given to Agent with respect to any of the Collateral under the Loan Documents relating thereto, Applicable Law or otherwise. The duties of Agent shall be ministerial and administrative in nature, and Agent shall not have by reason of this Agreement or any other Loan Document a fiduciary relationship with any Lender (or any Lender's participants). Unless and until its authority to do so is revoked in writing by Required Lenders, Agent alone shall be authorized to determine whether any Accounts or Inventory constitute Eligible Accounts or Eligible Inventory (basing such determination in each case upon the meanings given to such terms in Appendix A), or whether to impose or release any reserve, and to exercise its own credit judgment in connection therewith, which determinations and judgments, if exercised in good faith, shall exonerate Agent from any liability to Lenders or any other Person for any errors in judgment.

  • Powers and Duties of Trustees Section 3.1 General 6 Section 3.2 Investments 6 Section 3.3 Legal Title 7 Section 3.4 Issuance and Repurchase of Shares 7 Section 3.5 Borrow Money or Utilize Leverage 7 Section 3.6 Delegation; Committees 7 Section 3.7 Collection and Payment 8 Section 3.8 Expenses 8 Section 3.9 By-Laws 8 Section 3.10 Miscellaneous Powers 8 Section 3.11 Further Powers 8 ARTICLE IV Advisory, Management and Distribution Arrangements Section 4.1 Advisory and Management Arrangements 9 Section 4.2 Distribution Arrangements 9 Section 4.3 Parties to Contract 9 ARTICLE V

  • Duties of Trustee (a) If an Event of Default has occurred and is continuing, the Trustee will exercise such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in its exercise, as a prudent person would exercise or use under the circumstances in the conduct of such person’s own affairs.

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