Delegation by Trustee. The Holder expressly authorizes the Trustee to delegate to the Agent the performance of the following duties of the Trustee:
(a) receiving Contributions;
(b) receiving transfers of Property;
(c) investing and reinvesting the Property as directed by the Holder;
(d) registering and holding the Property in the Trustee’s name, the Agent’s name, in the name of their respective nominees or in bearer form as determined by the Agent from time to time;
(e) maintaining records, including information concerning the Survivor and the designation of beneficiaries, where applicable;
(f) providing to the Holder statements of account at least annually;
(g) preparing all government filings and forms;
(h) making Distributions pursuant to the provisions hereof; and
(i) such other duties and obligations of the Trustee as the Trustee in its sole discretion may from time to time determine. The Holder acknowledges that, to the extent the Trustee delegates any such duties, the Trustee shall thereby be discharged from performing such duties, subject to paragraph 3.
Delegation by Trustee. The Trustee may at any time and from time to time delegate by power of attorney or in any other manner to any person or persons all or any of the powers, authorities and discretions exercisable by the Trustee under this Pledge. Any such delegation may be made upon such terms and subject to such regulations as the Trustee may think fit, provided that nothing in this clause 11 shall confer upon the Trustee the power to allow any delegate to sub-delegate any such rights, powers, authorities and discretions. The Trustee shall not be in any way liable or responsible to Elbit, any Secured Creditor or any other person for any loss or damage arising from any default, omission, misconduct or negligent act on the part of any such delegate, save where such loss or damage arises due to the wilful misconduct (including wilful omission) or wilful default or gross negligence of such delegate and the Trustee is considered by a final decision of a court to have been grossly negligent in its delegation to the delegate concerned.
Delegation by Trustee. The Trustee may designate or employ any person or persons, without the prior consent of the Grantor or any other party, to carry out any powers or responsibilities of the Trustee.
Delegation by Trustee. Notwithstanding clause 11.1, all or any of the powers, authorities, functions and discretions exercisable by the Trustee under this Deed may be delegated by the Trustee to its officers and employees or to any other Person (including the Forest Management Company) nominated by the Trustee (other than the Trustee) but the Trustee remains liable for the acts and omissions of any such officer, employee or Person whether or not the delegate is acting within the terms of its delegated authority.
Delegation by Trustee. The Annuitant expressly authorizes the Trustee to delegate to the Agent the performance of the following duties of the Trustee under the Plan:
(a) receiving Contributions to the Plan from the Annuitant and/or the Annuitant’s Spouse, as the case may be;
(b) receiving transfers of property to the Plan;
(c) investing and reinvesting the Property as directed by the Annuitant;
(d) registering and holding the Property in the Trustee’s name, the Agent’s name, in the name of their respective nominees or in bearer form as determined by the Agent from time to time;
(e) maintaining the records of the Plan, including designation of beneficiaries, where applicable;
(f) providing to the Annuitant statements of account for the Plan at least annually;
(g) preparing all government filings and forms;
(h) making payments out of the Plan pursuant to the provisions hereof; and
(i) such other duties and obligations of the Trustee under the Plan as the Trustee in its sole discretion may from time to time determine. The Annuitant acknowledges that, to the extent the Trustee delegates any such duties, the Trustee shall thereby be discharged from performing such duties.
Delegation by Trustee. The Annuitant expressly authorizes the Trustee to delegate to the Agent the performance of the following duties and obligations of the Trustee under the Fund:
(a) receiving transfers of property to the Fund;
(b) investing and reinvesting the Property as directed by the Annuitant;
(c) registering and holding the Property in the Trustee’s name, the Agent’s name, in the name of their respective nominees or in bearer form as determined by the Agent from time to time;
(d) maintaining the records of the Fund, including designation of beneficiaries, where applicable;
(e) providing to the Annuitant statements of account for the Fund at least annually;
(f) preparing all government filings and forms;
(g) paying all amounts to be paid out of the Fund in accordance with the terms hereof; and
(h) such other duties and obligations of the Trustee under the Fund as the Trustee in its absolute discretion may from time to time determine. The Annuitant acknowledges that, to the extent the Trustee delegates any such duties, the Trustee shall thereby be discharged from performing such duties.
Delegation by Trustee. You expressly authorize the Trustee to delegate to any of its agents the performance of the following duties of the Trustee:
(a) accepting contributions;
(b) receiving transfers of Property;
(c) investing and reinvesting the Property as directed by you;
(d) registering and holding the Property in the Trustee’s name, or in the name of its nominees as determined by the Trustee or its agents from time to time;
(e) maintaining records, including information concerning the Survivor and the designation of beneficiaries, where applicable;
(f) providing to you statements of account;
(g) preparing government filings and forms;
(h) making Distributions pursuant to the provisions hereof; and
(i) such other duties and obligations of the Trustee as the Trustee in its sole discretion may from time to time determine. You acknowledge that to the extent the Trustee delegates any such duties; the Trustee shall thereby be discharged from performing them.
Delegation by Trustee. The Trustee may at any time and from time to time delegate by power of attorney or in any other manner to any person or persons all or any of the powers, authorities and discretions exercisable by the Trustee under this Pledge. Any such delegation may be made upon such terms and subject to such regulations as the Trustee may think fit, provided that nothing in this clause 11 shall confer upon the Trustee the power to allow any delegate to sub-delegate any such rights, powers, authorities and discretions. The Trustee shall not be in any way liable or responsible to Xxxxx.Xxx, any Secured Creditor or any other person for any loss or damage arising from any default, omission, misconduct or negligent act on the part of any such delegate, save where such loss or damage arises due to the wilful misconduct (including wilful omission) or wilful default or gross negligence of such delegate and the Trustee is considered by a final decision of a court to have been grossly negligent in its delegation to the delegate concerned.
Delegation by Trustee. The Trustee may whenever it thinks fit delegate by power of attorney or otherwise to any person or persons or fluctuating body of persons (whether being a joint trustee of these presents or not) or any period (whether exceeding one year or not) or indefinitely all or any of the trusts, powers and authorities vested in the Trustee by these presents and such delegation may be made upon such terms and subject to such conditions including power to sub-delegate and subject to such regulations as the Trustee may in the interests of the Noteholders think fit and PROVIDED THAT the Trustee shall have exercised reasonable care in the selection of such delegate the Trustee shall not be in any way responsible for any loss incurred by reason of any misconduct or default on the part of any such delegate or sub-delegate. The Trustee shall within a reasonable time prior to any such delegation or any renewal, extension or termination thereof give notice thereof to the Issuer and to the Rating Agencies.
Delegation by Trustee. The Trustee may, in the execution and exercise of all or any of the trusts, powers, authorities and discretions vested in it by any of the Issue Documents, act by a responsible officer or officers for the time being of the Trustee and the Trustee may also, with the consent of the Issuer (such consent not to be unreasonably withheld), provided that no such consent shall be required if an Event of Default has occurred, whenever it thinks it expedient in the interests of the Noteholders, whether by power of attorney or in such other manner as it may think fit, delegate to any person or persons or fluctuating body of persons selected by it all or any of the trusts, rights, powers, duties, authorities and discretions vested in it by any of the Issue Documents and any such delegation may be made upon such terms and conditions (including power to sub-delegate with the approval of the Trustee) and subject to such regulations as the Trustee may in the interests of the Noteholders, think fit and, provided that the Trustee shall have exercised reasonable care in the selection of such delegate, it shall not be under any obligation to supervise the proceedings of and shall not be in any way or to any extent responsible for any loss incurred by any misconduct or default on the part of any such delegate or sub-delegate. The Trustee shall give notice to the Issuer of the appointment of any delegate as aforesaid and shall procure that any delegate shall give notice to the Issuer of any appointment of any sub-delegate.
