Bare Trustee Sample Clauses

Bare Trustee. If and to the extent that legal title to any Assets have not been fully conveyed and remains in the Vendor's name after the Effective Date, the Vendor will (a) hold the entire legal right, title and interest in and to such Assets and all benefits therefrom, including without limitation any income therefrom and proceeds from the disposition thereof, solely as bare trustee of and agent for the Purchaser, for the sole use, benefit, enjoyment and advantage of the Purchaser, (b) use commercially reasonable efforts to cause all benefits from or from the disposition of such Assets to be paid directly to or as directed by the Purchaser, and (c) deal with the legal title to the Assets solely in accordance with and at the direction of the Purchaser and will, at any time on the request and at the expense of the Purchaser, transfer such legal title to or as directed by the Purchaser, and will execute and deliver such deeds, declarations, licenses, and further documents as may be required to effect such transfer from time to time.
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Bare Trustee. RFP acknowledges and agrees that, upon completion of the acquisition of the Property, it will hold the Property solely as a bare trustee for and on behalf of the Owners, each as to a fifty (50%) percent undivided interest (subject to any adjustment made in accordance herewith).
Sample 1
Bare Trustee. Director with Company acknowledges and agrees that he does not have the financial capability to carry out the terms of the PML and Pre-PML Agreements, and make the expenditures required to have the PMLs eligible for the status of SML(s). Director with Company acknowledges and agrees that he benefits and will continue to benefit as a shareholder and as a Director of Lake Victoria from the Formal Registration, in the name of Lake Victoria or as directed by Lake Victoria, of geographic area encompassed by the current and any future PMLs as a SML(s).
Sample 1
Bare Trustee. The Seller shall, for so long as it remains the registered holder of any of the Sale Shares after Completion hold those Sale Shares with all rights and benefits attaching or accruing to them on or after the date of this Agreement as bare trustee for the Buyer absolutely.
Sample 1
Bare Trustee. For the purposes only of the delivery of the Initial Securities and the Option Securities, the parties agree that where an Underwriter has an obligation to on-transfer an Initial Security or Option Security to another party, that Underwriter receives delivery of and holds such Initial Securities or Option Securities as bare trustee for the person they are obliged to transfer those Initial Securities to.
Sample 1
Bare Trustee. To the extent that any of the Purchased Assets are not transferred to the Purchaser by the Vendor at Closing, or are unable to be registered in the name of the Purchaser at Closing, the Vendor shall hold its interest in all such Purchased Assets as bare trustee, in trust for and on behalf of the Purchaser, until such time as all such interests to all of the Purchased Assets have been transferred to the Purchaser or registered in the name of the Purchaser, as applicable. Vendor agrees that when holding any of the Purchased Assets as bare trustee, in trust for and on behalf of the Vendor, such interests shall be used solely for the purposes of the business of the Purchaser. While so holding the Purchased Assets as bare trustee, Vendor shall not mortgage, transfer, assign or otherwise encumber the Purchased Assets.
Sample 1

Related to Bare Trustee

  • Delaware Trustee The name and business address of the trustee of the Trust in the State of Delaware is Wilmington Trust Company, Xxxxxx Square North, 0000 Xxxxx Xxxxxx Xxxxxx, Xxxxxxxxxx, Xxxxxxxx 00000-0000.

  • Owner Trustee This Agreement has been signed on behalf of the Grantor by U.S. Bank Trust National Association, not in its individual capacity, but solely in its capacity as Owner Trustee of the Grantor. In no event will U.S. Bank Trust National Association in its individual capacity or a beneficial owner of the Grantor be liable for the Grantor’s obligations under this Agreement. For all purposes under this Agreement, the Owner Trustee is subject to, and entitled to the benefits of, the Trust Agreement.

  • The Owner Trustee It is expressly understood and agreed by the parties hereto that (i) this Agreement is executed and delivered by Wilmington Trust, National Association on behalf of the Trust not individually or personally but solely as owner trustee of the Trust under the Trust Agreement of the Trust dated the date hereof in the exercise of the powers and authority conferred upon and vested in Wilmington Trust, National Association as owner trustee of the Trust under such Trust Agreement, (ii) each of the representations, undertakings and agreements herein made on the part of the Trust is made and intended not as the personal representation, undertaking or agreement of Wilmington Trust, National Association, but is made and intended for the purpose of binding only the Trust and (iii) nothing herein contained shall be construed as creating any liability on the part of Wilmington Trust, National Association, individually or personally, to perform any covenant or obligation of the Trust, either expressed or implied, contained herein, all such liability, if any, being expressly waived by the parties hereto and by any Person claiming by, through or under the parties hereto.

  • Indenture Trustee In performing its obligations under this Agreement, the Indenture Trustee is subject to, and entitled to the benefits of, the Indenture. The Indenture Trustee will not have any liability for any act or failure to act of the Administrator.

  • Successor Owner Trustee Any successor Owner Trustee appointed pursuant to Section 9.2 shall execute, acknowledge and deliver to the Depositor, the Servicer and to its predecessor Owner Trustee an instrument accepting such appointment under this Agreement, and thereupon the resignation or removal of the predecessor Owner Trustee shall become effective and such successor Owner Trustee, without any further act, deed or conveyance, shall become fully vested with all the rights, powers, duties and obligations of its predecessor under this Agreement, with like effect as if originally named as Owner Trustee. The predecessor Owner Trustee shall upon payment of its fees and expenses deliver to the successor Owner Trustee all documents and statements and monies held by it under this Agreement; and the Depositor and the predecessor Owner Trustee shall execute and deliver such instruments and do such other things as may reasonably be required for fully and certainly vesting and confirming in the successor Owner Trustee all such rights, powers, duties and obligations. No successor Owner Trustee shall accept appointment as provided in this Section unless at the time of such acceptance such successor Owner Trustee shall be eligible pursuant to Section 9.1. Upon acceptance of appointment by a successor Owner Trustee pursuant to this Section, the Servicer shall mail notice of the successor of such Owner Trustee to the Certificateholder, the Trustee, the Noteholders and the Rating Agencies. If the Servicer shall fail to mail such notice within 10 days after acceptance of appointment by the successor Owner Trustee, the successor Owner Trustee shall cause such notice to be mailed at the expense of the Servicer.

  • Trustee Section 7.01.

Most Referenced Clauses

Most Referenced Definitions