Common use of Co-Trustees Clause in Contracts

Co-Trustees. The Trustee may, despite Clause 14.1, by written notice to the Issuer appoint anyone to act as an additional Trustee jointly with the Trustee: (a) if the Trustee considers the appointment to be in the interests of the Noteholders; (b) to conform with a legal requirement, restriction or condition in a jurisdiction in which a particular act is to be performed; or (c) to obtain a judgment or to enforce a judgment or any provision of this Trust Deed in any jurisdiction. Subject to the provisions of this Trust Deed the Trustee may confer on any person so appointed such functions as it thinks fit. The Trustee may by written notice to the Issuer and that person remove that person. At the Trustee’s request, the Issuer shall forthwith do all things as may be required to perfect such appointment or removal and it irrevocably appoints the Trustee as its attorney in its name and on its behalf to do so.

Appears in 4 contracts

Samples: Trust Deed, Trust Deed, Trust Deed

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Co-Trustees. The Trustee may, despite Clause 14.113.1, by written notice to the Issuer appoint anyone to act as an additional Trustee jointly with the Trustee: (a) 13.3.1 if the Trustee considers the appointment to be in the interests of the Noteholders;Noteholders and/or the Couponholders (b) 13.3.2 to conform with a legal requirement, restriction or condition in a jurisdiction in which a particular act is to be performed; performed or (c) 13.3.3 to obtain a judgment or to enforce a judgment or any provision of this Trust Deed in any jurisdiction. Subject to the provisions of this Trust Deed the Trustee may confer on any person so appointed such functions as it thinks fit. The Trustee may by written notice to the Issuer and that person remove that person. At the Trustee’s request, the Issuer shall will forthwith do all things as may be required to perfect such appointment or removal and it irrevocably appoints the Trustee as its attorney in its name and on its behalf to do so.

Appears in 2 contracts

Samples: Trust Deed (PPL Corp), Trust Deed (Ecolab Inc)

Co-Trustees. The Trustee may, despite Clause 14.1, by written notice to the Issuer and the Guarantor appoint anyone to act as an additional Trustee jointly with the Trustee: (a) 14.3.1 if the Trustee considers the appointment to be in the interests of the Noteholders; (b) 14.3.2 to conform with a legal requirement, restriction or condition in a jurisdiction in which a particular act is to be performed; or (c) 14.3.3 to obtain a judgment or to enforce a judgment or any provision of this Trust Deed in any jurisdiction. Subject to the provisions of this Trust Deed Deed, the Trustee may confer on any person so appointed such functions as it thinks fit. The Trustee may by written notice to the Issuer Issuer, the Guarantor and that person remove that person. At the Trustee’s 's request, the Issuer shall and the Guarantor will forthwith do all things as may be required to perfect such appointment or removal and it each of them irrevocably appoints the Trustee as its attorney in its name and on its behalf to do so.

Appears in 1 contract

Samples: Trust Deed

Co-Trustees. The Trustee may, despite Clause 14.113.1, by written notice to the Issuer appoint anyone to act as an additional Trustee jointly with the Trustee: (a) 13.3.1 if the Trustee considers the appointment to be in the interests of the Noteholders;Bondholders and/or the Couponholders (b) 13.3.2 to conform with a legal requirement, restriction or condition in a jurisdiction in which a particular act is to be performed; performed or (c) 13.3.3 to obtain a judgment or to enforce a judgment or any provision of this Trust Deed in any jurisdiction. Subject to the provisions of this Trust Deed the Trustee may confer on any person so appointed such functions as it thinks fit. The Trustee may by written notice to the Issuer and that person remove that person. At the Trustee’s 's request, the Issuer shall will forthwith do all things as may be required to perfect such appointment or removal and it irrevocably appoints the Trustee as its attorney in its name and on its behalf to do so.

Appears in 1 contract

Samples: Trust Deed (PPL Electric Utilities Corp)

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Co-Trustees. The Trustee may, despite Clause 14.116.1, by written notice to the Issuer appoint anyone to act as an additional Trustee jointly with the Trustee: (a) if the Trustee considers the such appointment to be in the interests of the NoteholdersBondholders; (b) to conform with a any legal requirement, restriction or condition in a jurisdiction in which a particular act is to be performed; or (c) to obtain a judgment or to enforce a judgment or any provision of this Trust Deed in any jurisdiction. Subject to the provisions of this Trust Deed the Trustee may confer on any person so appointed such functions as it thinks fit. The Trustee shall not be responsible for supervision and management of the additional Trustee. The Trustee may by written notice to the Issuer and that person remove that person. At the Trustee’s request, the Issuer shall will forthwith do all things as may be required to perfect such appointment or removal and it irrevocably appoints the Trustee as to be its attorney in its name and on its behalf to do so.

Appears in 1 contract

Samples: Trust Deed Amendment (China Architectural Engineering, Inc.)

Co-Trustees. The Trustee may, despite Clause 14.113.1, by written notice to the Issuer and the Guarantor appoint anyone to act as an additional Trustee jointly with the Trustee: (a) 13.3.1 if the Trustee considers the appointment to be in the interests of the Noteholders; (b) 13.3.2 to conform with a legal requirement, restriction or condition in a jurisdiction in which a particular act is to be performed; or (c) 13.3.3 to obtain a judgment or to enforce a judgment or any provision of this Trust Deed in any jurisdiction. Subject to the provisions of this Trust Deed Deed, the Trustee may confer on any person so appointed such functions as it thinks fit. The Trustee may by written notice to the Issuer Issuer, the Guarantor and that person remove that person. At the Trustee’s request, the Issuer shall and the Guarantor will forthwith do all things as may be required to perfect such appointment or removal and it each of them irrevocably appoints the Trustee as its attorney in its name and on its behalf to do so.

Appears in 1 contract

Samples: Trust Deed

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