Common use of Delegation of Power Clause in Contracts

Delegation of Power. (a) Any Administrative Trustee may, by power of attorney consistent with applicable law, delegate to any natural person over the age of 21 his, her or its power for the purpose of executing any documents contemplated in Section 3.6 or making any governmental filing; provided that such person is a United States Person as defined in Section 7701(a)(30) of the Code. (b) The Administrative Trustees shall have power to delegate from time to time to such of their number or to officers of the Trust the doing of such things and the execution of such instruments either in the name of the Trust or the names of the Administrative Trustees or otherwise as the Administrative Trustees may deem expedient, to the extent such delegation is not prohibited by applicable law or contrary to the provisions of the Trust, as set forth herein; provided, that such person is a United States Person as defined in Section 7701(a)(30) of the Code.

Appears in 21 contracts

Samples: Trust Agreement (Us Bancorp \De\), Trust Agreement (Us Bancorp \De\), Trust Agreement (Merrill Lynch Capital Trust III)

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Delegation of Power. (a) Any Administrative Trustee may, by power of attorney consistent with applicable law, delegate to any natural person over the age of 21 his, /her or its power for the purpose of executing any documents contemplated in Section 3.6 2.07(a), including any registration statement or amendment thereto filed with the Commission, or making any other governmental filing; provided that such person is a United States Person as defined in Section 7701(a)(30) of the Code.and (b) The the Administrative Trustees shall have power to delegate from time to time to such of their number number, if there is more than one Administrative Trustee, or to officers of the Trust Depositor the doing of such things and the execution of such instruments either in the name of the Trust or the names of the Administrative Trustees or otherwise as the Administrative Trustees may deem expedient, to the extent such delegation is not prohibited by applicable law or contrary to the provisions of the Trust, as set forth herein; provided, that such person is a United States Person as defined in Section 7701(a)(30) of the Code.

Appears in 19 contracts

Samples: Trust Agreement (Pse&g Capital Trust Iii), Trust Agreement (Public Service Enterprise Group Inc), Trust Agreement (Public Service Electric & Gas Co)

Delegation of Power. (a) Any Administrative Trustee may, by power of attorney consistent with applicable law, delegate to any other natural person over the age of 21 his, (provided such person is a U.S. Person) his or her or its power for the purpose of executing any documents contemplated in Section 3.6 2.7(a), including any registration statement or amendment thereto filed with the Commission, or making any other governmental filing; provided that such person is a United States Person as defined in Section 7701(a)(30) of the Code.and (b) The Administrative Trustees shall have power to delegate from time to time to such of their number or to officers of the Trust Depositor the doing of such things and the execution of such instruments either in the name of the Trust or the names of the Administrative Trustees or otherwise as the Administrative Trustees may deem expedient, to the extent such delegation is not prohibited by applicable law or contrary to the provisions of the Trustthis Trust Agreement, as set forth herein; provided, that such person is a United States Person as defined in Section 7701(a)(30) of the Code.

Appears in 11 contracts

Samples: Trust Agreement (Susquehanna Bancshares Inc), Trust Agreement (Susquehanna Capital IV), Trust Agreement (J P Morgan Chase & Co)

Delegation of Power. (a) Any Administrative Trustee mayTrustee, by power of attorney consistent with applicable law, delegate to any other natural person over the age of 21 his, her or its such Administrative Trustee's power for the purpose of executing any documents contemplated in Section 3.6 2.7(a), including any registration statement or amendment thereto filed with the Commission, or making any other governmental filing; provided that such person is a United States Person as defined in Section 7701(a)(30) of the Code.and (b) The Administrative Trustees shall have power to delegate from time to time to such of their number or to officers of the Trust Depositor the doing of such things and the execution of such instruments either in the name of the Issuer Trust or the names of the Administrative Trustees or otherwise as the Administrative Trustees may deem expedient, to the extent such delegation is not prohibited by applicable law or contrary to the provisions of the Trust, as set forth herein; provided, that such person is a United States Person as defined in Section 7701(a)(30) of the Codethis Trust Agreement.

Appears in 8 contracts

Samples: Trust Agreement (HSB Group Inc), Trust Agreement (Colonial Bancgroup Inc), Trust Agreement (Southern States Capital Trust I)

Delegation of Power. (a) Any Administrative Trustee may, by power of attorney consistent with applicable law, delegate to any natural person over the age of 21 his, /her or its power for the purpose of executing any documents contemplated in Section 3.6 2.07(a), including any registration statement or amendment thereto filed with the Commission, or making any other governmental filing; provided that such person is a United States Person as defined in Section 7701(a)(30) of the Code. (b) The Administrative Trustees shall have power to delegate from time to time to such of their number number, if there is more than one Administrative Trustee, or to officers of the Trust Depositor the doing of such things and the execution of such instruments either in the name of the Trust or the names of the Administrative Trustees or otherwise as the Administrative Trustees may deem expedient, to the extent such delegation is not prohibited by applicable law or contrary to the provisions of the Trust, as set forth herein; provided, that such person is a United States Person as defined in Section 7701(a)(30) of the Code.

Appears in 6 contracts

Samples: Trust Agreement (Maui Electric Co LTD), Trust Agreement (Hawaiian Electric Co Inc), Trust Agreement (Hawaiian Electric Co Inc)

Delegation of Power. (a) Any Administrative Trustee may, by power of attorney consistent with applicable law, delegate to any other natural person over the age of 21 his, (provided such person is a U.S. Person) his or her or its power for the purpose of executing any documents contemplated in Section 3.6 2.7(a), including any registration statement or amendment thereto filed with the Commission, or making any other governmental filing; provided that such person is a United States Person as defined in Section 7701(a)(30) of the Code. (b) The Administrative Trustees shall have power to delegate from time to time to such of their number or to officers of the Trust Depositor the doing of such things and the execution of such instruments either in the name of the Trust or the names of the Administrative Trustees or otherwise as the Administrative Trustees may deem expedient, to the extent such delegation is not prohibited by applicable law or contrary to the provisions of the Trustthis Trust Agreement, as set forth herein; provided, that such person is a United States Person as defined in Section 7701(a)(30) of the Code.

Appears in 2 contracts

Samples: Trust Agreement (Countrywide Capital VIII), Trust Agreement (Countrywide Financial Corp)

Delegation of Power. (a) Any Administrative Trustee may, by power of attorney consistent with applicable law, delegate to any other natural person over the age of 21 his, his or her or its power for the purpose of executing any documents contemplated in Section 3.6 3.6, including any registration statement or pre-effective or post-effective amendment thereto filed with the Commission, or making any other governmental filing; provided that such person is a United States Person as defined in Section 7701(a)(30) of the Code.and (b) The the Administrative Trustees shall have power to delegate from time to time to such of their number or to officers of the Trust the doing of such things and the execution of such instruments either in the name of the Trust or the names of the Administrative Trustees or otherwise as the Administrative Trustees may deem expedient, to the extent such delegation is not prohibited by applicable law or contrary to the provisions of the Trust, as set forth herein; provided, that such person is a United States Person as defined in Section 7701(a)(30) of the Code.

Appears in 2 contracts

Samples: Trust Agreement, Trust Agreement (Allstate Financing X)

Delegation of Power. (a) Any Administrative Trustee -------------------- may, by power of attorney consistent with applicable law, delegate to any natural person over the age of 21 his, /her or its power for the purpose of executing any documents contemplated in Section 3.6 2.07(a), including any registration statement or amendment thereto filed with the Commission, or making any other governmental filing; provided that such person is a United States Person as defined in Section 7701(a)(30) of the Code.and (b) The the Administrative Trustees shall have the power to delegate from time to time to such of their number number, if there is more than one Administrative Trustee, or to officers of the Trust Depositor the doing of such things and the execution of such instruments either in the name of the Trust or the names of the Administrative Trustees or otherwise as the Administrative Trustees may deem expedient, to the extent such delegation is not prohibited by applicable law or contrary to the provisions of the Trust, as set forth herein; provided, that such person is a United States Person as defined in Section 7701(a)(30) of the Code.

Appears in 1 contract

Samples: Trust Agreement (SJG Capital Trust)

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Delegation of Power. (a) Any Administrative Trustee may, by power of attorney consistent with applicable law, delegate to any natural person over the age of 21 his, her or its power for the purpose of executing any documents contemplated in Section 3.6 or making any governmental filing; provided that such person is a United States Person person” as defined in Section 7701(a)(30) of the Code. (b) The Administrative Trustees shall have power to delegate from time to time to such of their number or to officers of the Trust the doing of such things and the execution of such instruments either in the name of the Trust or the names of the Administrative Trustees or otherwise as the Administrative Trustees may deem expedient, to the extent such delegation is not prohibited by applicable law or contrary to the provisions of the Trust, as set forth herein; provided, that such person is a United States Person as defined in Section 7701(a)(30) of the Code.

Appears in 1 contract

Samples: Trust Agreement (Asbc Capital Ii)

Delegation of Power. (a) Any Administrative Trustee may, by power of attorney consistent with applicable law, delegate to any natural person over the age of 21 his, her or its power for the purpose of executing any documents contemplated in Section 3.6 or making any governmental 31 39 filing; provided that such person is a United States Person as defined in Section 7701(a)(30) of the Code. (b) The Administrative Trustees shall have power to delegate from time to time to such of their number or to officers of the Trust the doing of such things and the execution of such instruments either in the name of the Trust or the names of the Administrative Trustees or otherwise as the Administrative Trustees may deem expedient, to the extent such delegation is not prohibited by applicable law or contrary to the provisions of the Trust, as set forth herein; provided, that such person is a United States Person as defined in Section 7701(a)(30) of the Code.

Appears in 1 contract

Samples: Trust Agreement (Us Bancorp \De\)

Delegation of Power. (a) Any Administrative Trustee may, by power of attorney consistent with applicable law, delegate to any natural person over the age of 21 his, her his or its power for the purpose of executing any documents contemplated in by Section 3.6 or making any governmental filing; provided that such person is a United States Person as defined in Section 7701(a)(30) of the Code. (b) The Administrative Trustees shall have power to delegate from time to time to such of their number or to officers of the Trust the doing of such things and the execution of such instruments either in the name of the Trust or the names of the Administrative Trustees or otherwise as the Administrative Trustees may deem expedient, to the extent such delegation is not prohibited by applicable law or contrary to the provisions of the Trust, as set forth herein; provided, provided that such person is a United States Person as defined in Section 7701(a)(30) of the Code.

Appears in 1 contract

Samples: Trust Agreement (Chittenden Capital Trust I)

Delegation of Power. (a) Any Administrative Trustee may, by power of attorney consistent with applicable law, delegate to any other natural person over the age of 21 his, his or her or its power for the purpose of executing any documents contemplated in Section 3.6 or making any governmental filing2.7(a); provided that such person is a United States Person as defined in Section 7701(a)(30) 77.01(a)(30 of the Code.; and (b) The Administrative Trustees shall have power to delegate from time to time to such of their number or to officers of the Trust Depositor the doing of such things and the execution of such instruments either in the name of the Trust or the names of the Administrative Trustees or otherwise as the Administrative Trustees may deem expedient, to the extent such delegation is not prohibited by applicable law or contrary to the provisions of the Trust, as set forth herein; provided, provided that such person is a United States Person as defined in Section 7701(a)(3077.01(a)(30) of the Code.

Appears in 1 contract

Samples: Trust Agreement (Reinsurance Group of America Inc)

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