Conditions for benefit of Trustee Sample Clauses

Conditions for benefit of Trustee. The Conditions of Effectiveness are for the benefit of, and may only be waived or deferred by, the Trustee.
AutoNDA by SimpleDocs
Conditions for benefit of Trustee. The conditions in Section 3.01 are for the benefit of, and may only be waived or deferred by, the Trustee.
Conditions for benefit of Trustee. ‌ The Conditions of Disbursement are for the benefit of, and may only be waived or deferred by, the Trustee.

Related to Conditions for benefit of Trustee

  • Termination of Trust Section 9.01

  • 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.

  • Benefit of Agreement Subject to the provisions of the Plan and the other provisions hereof, this Agreement shall be for the benefit of and shall be binding upon the heirs, executors, administrators, successors and assigns of the parties hereto.

  • Replacement of Trustee A resignation or removal of the Trustee and appointment of a successor Trustee shall become effective only upon the successor Trustee's acceptance of appointment as provided in this Section. The Trustee may resign in writing at any time and be discharged from the trust hereby created by so notifying the Company. The Holders of Notes of a majority in principal amount of the then outstanding Notes may remove the Trustee by so notifying the Trustee and the Company in writing. The Company may remove the Trustee if:

  • PORTABILITY OF BENEFITS The following benefits are portable:

  • Benefit of the Agreement This Agreement shall enure to the benefit of and be binding upon the respective successors and permitted assigns of the parties hereto.

Time is Money Join Law Insider Premium to draft better contracts faster.