Grounds for Trusteeship Sample Clauses

Grounds for Trusteeship. (A) If the President of OCSEA finds (1) that a Chapter District Council, or Assembly has seceded or purported to secede, (2) that dissolution or seces- sion of a Chapter, District Council, or Assembly is threatened, or (3) that dissipation or loss of the funds or assets of a Chapter, District Council, or Assembly is threatened, or (4) that the Chapter, District Council, or Assembly has deliberately filed false rebate forms or other financial or audit reports with OCSEA or (5) that a Chapter, District Council, or Assembly is acting in xxxxx- tion of OCSEA’s State Constitution or State Laws, so that in the opinion of the OCSEA President an emergency situation exists or (6) that the Chapter, District Council, or Assembly or its officers or its members are conducting affairs so as to seriously undermine OCSEA and the President determines that the circum- stances constitute an emergency, the OCSEA President is empowered to place such Chapter, District Council, or Assembly under trusteeship pending notice and hearing. Upon placing a Chapter, District Council, or Assembly in trustee- ship, the OCSEA President shall refer the matter for hearing in accordance with the procedures set forth in Section 2 of this Article, shall notify the Chapter, District Council, or Assembly, and shall promptly submit a written report to all members of the Board of Directors notifying them of the imposition of the trusteeship and the reasons for taking such action.
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Grounds for Trusteeship. A. If the president finds (1) that a Chapter, District Council, or Assembly has seceded or purported to secede, (2) that dissolution or secession of a Chapter, District Council, or Assembly is threatened, or

Related to Grounds for Trusteeship

  • Appointment of Co-Trustee or Separate Trustee Notwithstanding any other provisions of this Agreement, at any time, for the purpose of meeting any legal requirements of any jurisdiction in which any part of the Trust Fund or property securing any Mortgage Note may at the time be located, the Master Servicer and the Trustee acting jointly shall have the power and shall execute and deliver all instruments to appoint one or more Persons approved by the Trustee to act as co-trustee or co-trustees jointly with the Trustee, or separate trustee or separate trustees, of all or any part of the Trust Fund, and to vest in such Person or Persons, in such capacity and for the benefit of the Certificateholders, such title to the Trust Fund or any part thereof, whichever is applicable, and, subject to the other provisions of this Section 8.10, such powers, duties, obligations, rights and trusts as the Master Servicer and the Trustee may consider necessary or desirable. If the Master Servicer shall not have joined in such appointment within 15 days after the receipt by it of a request to do so, or in the case an Event of Default shall have occurred and be continuing, the Trustee alone shall have the power to make such appointment. No co-trustee or separate trustee hereunder shall be required to meet the terms of eligibility as a successor trustee under Section 8.06 and no notice to Certificateholders of the appointment of any co-trustee or separate trustee shall be required under Section 8.08. Every separate trustee and co-trustee shall, to the extent permitted by law, be appointed and act subject to the following provisions and conditions:

  • Grounds for Termination This Agreement may be terminated at any time prior to the Closing:

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