Common use of Certain Qualifications of Administrative Trustees and Delaware Trustee Generally Clause in Contracts

Certain Qualifications of Administrative Trustees and Delaware Trustee Generally. Each Administrative Trustee and the Delaware Trustee (unless the Property Trustee also acts as Delaware Trustee) shall be either a natural person who is at least 21 years of age or a legal entity that shall act through one or more Authorized Officers.

Appears in 20 contracts

Samples: Trust Agreement (Allstate Financing X), Trust Agreement (ServisFirst Bancshares, Inc.), Trust Agreement (Webster Capital Trust VII)

AutoNDA by SimpleDocs

Certain Qualifications of Administrative Trustees and Delaware Trustee Generally. Each Administrative Trustee and the Delaware Trustee (unless the Property Trustee also acts as the Delaware Trustee) shall be either a natural person who is at least 21 years of age or a legal entity that shall act through one or more Authorized Officers.

Appears in 1 contract

Samples: Declaration of Trust (Progress Capital Trust I)

AutoNDA by SimpleDocs

Certain Qualifications of Administrative Trustees and Delaware Trustee Generally. Each Administrative Trustee and the Delaware Trustee (unless the Property Trustee also acts as Delaware Trustee) shall be either a natural person who is at least 21 years of age or and the Delaware Trustee shall be a legal entity that shall act through one or more Authorized Officersauthorized officers.

Appears in 1 contract

Samples: Trust Agreement (HMP Equity Holdings CORP)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!