Common use of DUTIES OF DELAWARE CO-TRUSTEE Clause in Contracts

DUTIES OF DELAWARE CO-TRUSTEE. (a) It is understood and agreed that the duties and responsibilities of the Delaware Co-Trustee shall be limited to (a) accepting legal process served on the Trust in the State of Delaware and (b) the execution and delivery of all documents, and the maintenance of all records, necessary to form and maintain the existence of the Trust under the Business Trust Statute.

Appears in 8 contracts

Samples: Trust Agreement (Toyota Motor Credit Corp), Trust Agreement (Toyota Motor Credit Corp), Trust Agreement (Toyota Motor Credit Corp)

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DUTIES OF DELAWARE CO-TRUSTEE. (a) It is understood and agreed that the duties and responsibilities of the Delaware Co-Trustee shall be limited to (a) accepting legal process served on the Trust in the State of Delaware and (b) the execution and delivery of all documents, and the maintenance of all records, necessary to form and maintain the existence of the Trust under the Business Statutory Trust StatuteAct.

Appears in 1 contract

Samples: Trust Agreement (Toyota Motor Credit Corp)

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DUTIES OF DELAWARE CO-TRUSTEE. (a) It is understood and agreed that the duties and responsibilities of the Delaware Co-Trustee shall be limited to (a) accepting legal process served on the Trust Issuer in the State of Delaware and (b) the execution and delivery of all documents, and the maintenance of all records, necessary to form and maintain the existence of the Trust Issuer under the Business Trust Statute.

Appears in 1 contract

Samples: Trust Agreement (American Honda Receivables Corp)

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