Common use of Competence of a Majority of Trustees Clause in Contracts

Competence of a Majority of Trustees. Whenever there shall be more than two trustees hereof the majority of such trustees shall (provided such majority includes a trust corporation) be competent to execute and exercise all the trusts, powers, authorities and discretions vested by this Trust Deed in the Trustee generally.

Appears in 16 contracts

Samples: Trust Deed (Koninklijke Philips Nv), Trust Deed, Trust Deed

AutoNDA by SimpleDocs

Competence of a Majority of Trustees. Whenever If there shall be are more than two trustees hereof Trustees the majority of such trustees them shall (be competent to perform the Trustee’s functions provided such the majority includes a trust corporation) be competent to execute and exercise all the trusts, powers, authorities and discretions vested by this Trust Deed in the Trustee generally.

Appears in 11 contracts

Samples: Trust Deed, Trust Deed, Trust Deed

Competence of a Majority of Trustees. Whenever If there shall be are more than two trustees hereof Trustees, the majority of such trustees shall Trustees will (provided such majority includes a trust corporation) be competent to execute and exercise carry out all or any of the trusts, powers, authorities and discretions vested by this Trust Deed in the Trustee generallyTrustee's functions.

Appears in 11 contracts

Samples: Trust Deed, Trust Deed, Forty First Supplemental Trust Deed

Competence of a Majority of Trustees. Whenever If there shall be are more than two trustees hereof Trustees the majority of such trustees shall Trustees will (provided such majority includes a trust corporation) be competent to execute and exercise carry out all or any of the trusts, powers, authorities and discretions vested by this Trust Deed in the Trustee generallyTrustee’s functions.

Appears in 7 contracts

Samples: Trust Deed (Yandex N.V.), Trust Deed (Yandex N.V.), Trust Deed (Gold Fields LTD)

Competence of a Majority of Trustees. Whenever If there shall be are more than two trustees hereof Trustees the majority of such trustees shall (them will be competent to perform the Trustee’s functions provided such the majority includes a trust corporation) be competent to execute and exercise all the trusts, powers, authorities and discretions vested by this Trust Deed in the Trustee generally.

Appears in 7 contracts

Samples: Trust Deed (Simon Property Group L P /De/), Trust Deed (Just Energy Group Inc.), Trust Deed

Competence of a Majority of Trustees. Whenever If there shall be are more than two trustees hereof 2 Trustees the majority of such trustees them shall (be competent to perform the Trustee’s functions provided such the majority includes a trust corporation) be competent to execute and exercise all the trusts, powers, authorities and discretions vested by this Trust Deed in the Trustee generally.

Appears in 3 contracts

Samples: Trust Deed, Trust Deed, Trust Deed

Competence of a Majority of Trustees. Whenever If there shall be are more than two trustees hereof Trustees, the majority of such trustees shall (them will be competent to perform the Trustee’s functions, provided such the majority includes a trust corporation) be competent to execute and exercise all the trusts, powers, authorities and discretions vested by this Trust Deed in the Trustee generally.

Appears in 2 contracts

Samples: Trust Deed, Trust Deed

Competence of a Majority of Trustees. Whenever If there shall be are more than two trustees hereof Trustees, the majority of such trustees shall (them will be competent to perform the Trustee's functions, provided such the majority includes a trust corporation) be competent to execute and exercise all the trusts, powers, authorities and discretions vested by this Trust Deed in the Trustee generally.

Appears in 1 contract

Samples: Trust Deed

Competence of a Majority of Trustees. Whenever If there shall be are more than two trustees hereof (2) Trustees the majority of such trustees shall (them will be competent to perform the Trustee’s functions provided such the majority includes a trust corporation) be competent to execute and exercise all the trusts, powers, authorities and discretions vested by this Trust Deed in the Trustee generally.

Appears in 1 contract

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

Competence of a Majority of Trustees. Whenever WHENEVER there shall be more than two trustees hereof the majority of such trustees shall (provided such majority includes a trust corporation) be competent to execute and exercise all the trusts, powers, authorities and discretions vested by this Trust Deed these presents in the Trustee generally.

Appears in 1 contract

Samples: Trust Deed (Unilever N V)

AutoNDA by SimpleDocs

Competence of a Majority of Trustees. Whenever If there shall be are more than two trustees hereof Trustees the majority of such trustees shall Trustees will (provided such majority includes a trust corporation) be competent to execute and exercise carry out all or any of the trusts, powers, authorities and discretions vested by this Trust Deed in the Trustee generallyTrustee's functions.

Appears in 1 contract

Samples: Trust Deed (Sunshine Mining & Refining Co)

Competence of a Majority of Trustees. Whenever there shall be more than two trustees hereof the majority of such trustees shall (provided such majority includes a trust corporation) be competent to execute and exercise all the trusts, powers, authorities and discretions vested by this Trust Deed in the Trustee generally. Where as a result of the provisions of this Clause 28, not all Series have the same Trustee, the provisions of this Trust Deed shall apply in respect of each such Trustee as if each were named as a party hereto.

Appears in 1 contract

Samples: Principal Trust Deed

Competence of a Majority of Trustees. Whenever If there shall be are more than two trustees hereof Trustees the majority of such trustees shall (them will be competent to perform the Trustee's functions provided such the majority includes a trust corporation) be competent to execute and exercise all the trusts, powers, authorities and discretions vested by this Trust Deed in the Trustee generally.

Appears in 1 contract

Samples: Trust Deed (PPL Electric Utilities Corp)

Competence of a Majority of Trustees. Whenever there shall be more than two trustees hereof hereof, the majority of such trustees shall (provided such majority includes a trust corporationTrust Corporation) be competent to execute and exercise all the trusts, powers, authorities and discretions vested by this Trust Deed in the Note Trustee generally.

Appears in 1 contract

Samples: Tenth Supplemental Trust Deed

Competence of a Majority of Trustees. Whenever If there shall be are more than two trustees hereof Trustees appointed hereunder, the majority of such trustees shall Trustees will (provided such majority includes a trust corporation) be competent to execute and exercise carry out all or any of the trusts, powers, authorities and discretions vested by Trustee’s functions under this Trust Deed in the Trustee generallyDeed.

Appears in 1 contract

Samples: Trust Deed Amendment

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