Common use of Delegation of Powers Clause in Contracts

Delegation of Powers. The Trustee may delegate to its agents any of its administrative duties or its powers to do specific things, and the delegate may receive all or part of the fees to which the Trustee is entitled hereunder, it being understood, however, that ultimate responsibility for administering the Account shall remain vested in the Trustee.

Appears in 3 contracts

Samples: Account Terms and Conditions, Account Terms and Conditions, Account Terms and Conditions

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Delegation of Powers. The Trustee may delegate to its agents agents, including National Bank Financial Inc. (the “Agent”), any of its administrative duties or of its powers to do specific things, and the delegate may receive all or part of the fees to which the Trustee is entitled hereunder, it being understood, however, that ultimate responsibility for administering the Account Fund shall remain vested in the Trustee.

Appears in 3 contracts

Samples: Account Terms and Conditions, Account Terms and Conditions, Account Terms and Conditions

Delegation of Powers. The Trustee may delegate to its agents agents, including National Bank Financial Inc. (the “Agent”), any of its administrative duties or of its powers to do specific things, and the delegate may receive all or part of the fees to which the Trustee is entitled hereunder, it being understood, however, that ultimate responsibility for administering the Account Plan shall remain vested in the Trustee.

Appears in 3 contracts

Samples: Account Terms and Conditions, Account Terms and Conditions, Account Terms and Conditions

Delegation of Powers. The Trustee may delegate to its agents any person the performance of any of its administrative duties or its the trusts and powers vested in it by this Indenture and any such delegation may be made upon such terms and conditions and subject to do specific things, and such regulations as the delegate Trustee may receive all or part think to be in the interests of the fees to which the Trustee is entitled hereunder, it being understood, however, that ultimate responsibility for administering the Account shall remain vested in the TrusteeNoteholders.

Appears in 2 contracts

Samples: Senior Secured Note Indenture (Vista Gold Corp), Senior Secured Note Indenture (Great Basin Gold LTD)

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Delegation of Powers. The A Trustee may delegate to its agents any part or all of its administrative duties or its the Trustee's powers to do specific things, another Trustee to the extent specified in an instrument signed by the delegating Trustee and delivered to the delegate may receive all or part of the fees to which the Trustee is entitled hereunder, it being understood, however, that ultimate responsibility for administering the Account shall remain vested in the other Trustee.

Appears in 2 contracts

Samples: Voting Trust and Buy Sell Agreement (Schnitzer Steel Industries Inc), Voting Trust and Buy Sell Agreement (Schnitzer Steel Industries Inc)

Delegation of Powers. The Trustee may delegate to its agents agents, including National Bank Financial Inc. (the “Agent”), any of its administrative duties or its powers to do specific things, and the delegate may receive all or part of the fees to which the Trustee is entitled hereunder, it being understood, however, that ultimate responsibility for administering the Account shall remain vested in the Trustee.

Appears in 1 contract

Samples: Accounts and Services Agreement

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