In Trust For Buyer Sample Clauses

In Trust For Buyer. All payments and reimbursements made by any third party in the name of or to Seller or Elecsys, in connection with the Business, in connection with or arising out of the Assets and Assumed Liabilities on or after the Closing Date shall be held by Seller or Elecsys, as the case may be, in trust for the benefit of Buyer and, promptly upon receipt by Seller or Elecsys, in connection with the Business, of any such payment or reimbursements, Seller or Elecsys, as the case may be, shall pay over to Buyer the amount of such payment or reimbursement without right of set off, provided that any such payment or reimbursement that is not paid by Seller or Elecsys, as the case may be, within 30 days of receipt shall bear interest at a rate of 10% per annum until it is paid, which interest, along with the principal amount of such payment or reimbursement, shall be payable to Buyer on demand.
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In Trust For Buyer. All payments and reimbursements made by any third party in the name of or to Seller in connection with or arising out of the Assets and Assumed Liabilities after the Closing Date shall be held by Seller in trust to the benefit of Buyer and, promptly upon receipt by Seller of any such payment or reimbursements, Seller shall pay over to Buyer the amount of such payment or reimbursement without right of set off.
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In Trust For Buyer. All payments and reimbursements by any third party after the Closing Date in the name of or to CEX or any of the Continuing Affiliates to which the Company or any of its Subsidiaries is entitled in accordance with the provisions of this Agreement and the transactions contemplated hereby shall be held by CEX or such Affiliate in trust for the benefit of the Company and, within five (5) business days of receipt by CEX or such Affiliate of any such payment or reimbursement, CEX or such Affiliate shall pay over to the Company the amount of such payment or reimbursement without right of set off or counterclaim.
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In Trust For Buyer. 57 5.15.2 IN TRUST FOR SELLER..............................................................57 5.16 NEGOTIATIONS WITH OTHERS....................................................................58 5.17 EXCHANGE PROCEEDS...........................................................................58 5.18 NONCOMPETITION AND NONSOLICITATION..........................................................58 5.18.1 NONCOMPETITION...................................................................58 5.18.2 NONSOLICITATION..................................................................59 5.18.3 VALIDITY.........................................................................60 5.19
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In Trust For Buyer. All payments and reimbursements made by any third party after the Closing Date in the name of or to Seller to which Buyer, CRSI or any Subsidiary is entitled in accordance with this Agreement and the transactions contemplated hereby shall be held by Seller in trust for the benefit of Buyer and, promptly upon receipt by Seller of any such payment or reimbursement, Seller shall pay over to Buyer the amount of such payment or reimbursement without right of set off.
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In Trust For Buyer. 57 5.15.2 In Trust For Seller................................................................. 57 5.16 Negotiations with Others................................................................... 58 5.17 Exchange Proceeds.......................................................................... 58 5.18
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In Trust For Buyer. All payments and reimbursements made in the ordinary course by any third party in the name of or to the Company in connection with or arising out of the Business and the Assets after the Closing Date, shall be held by Sellers in trust to the benefit of the Company and, immediately (not more than twenty-one (21) calendar days) upon receipt by Sellers of any such payment or reimbursement, Sellers shall pay over to the Company the amount of such payment or reimbursement without right of set-off.
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In Trust For Buyer. All payments and reimbursements by ------------------ any third party after the Closing Date in the name of or to Cyprus Amax or any of the Continuing Affiliates to which Buyer, the Company or any of its Subsidiaries is entitled in accordance with the provisions of this Agreement and the transactions contemplated hereby shall be held by Cyprus Amax or such Affiliate in trust for the benefit of the Company and, within five (5) business days of receipt by Cyprus Amax or such Affiliate of any such payment or reimbursement, Cyprus Amax or such Affiliate shall pay over to the Company the amount of such payment or reimbursement without right of set off or counterclaim.
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Related to In Trust For Buyer

  • Delaware Trust Assets Purchaser The Delaware Trust Assets Purchaser shall be the Servicer engaged to perform and discharge the Serviced Duties in respect of each Appointment of Xxxxx Trust Company that continues to be treated as a Restricted Appointment.

  • Owner Trustee May Own Trust Certificates and Notes The Owner Trustee in its individual or any other capacity may become the owner or pledgee of Trust Certificates or Notes and may deal with the Depositor, the Administrator, the Indenture Trustee and the Servicer in banking transactions with the same rights as it would have if it were not Owner Trustee.

  • Successor Trust Administrator Any successor trust administrator appointed as provided in Section 10.07 hereof shall execute, acknowledge and deliver to the Depositor and to its predecessor trust administrator an instrument accepting such appointment hereunder and thereupon the resignation or removal of the predecessor trust administrator shall become effective and such successor trust administrator, without any further act, deed or conveyance, shall become fully vested with all the rights, powers, duties and obligations of its predecessor hereunder, with the like effect as if originally named as trust administrator herein. The Depositor, upon receipt of all amounts due it hereunder, and the predecessor trust administrator shall execute and deliver such instruments and do such other things as may reasonably be required for more fully and certainly vesting and confirming in the successor trust administrator all such rights, powers, duties, and obligations. No successor trust administrator shall accept appointment as provided in this Section 10.08 unless at the time of such acceptance such successor trust administrator shall be eligible under the provisions of Section 10.06 hereof and its acceptance shall not adversely affect the then current rating of the Certificates. Upon acceptance of appointment by a successor trust administrator as provided in this Section 10.08, the Depositor shall mail notice of the succession of such trust administrator hereunder to all Holders of Certificates at their addresses as shown in the Certificate Register. If the Depositor fails to mail such notice within ten days after acceptance of appointment by the successor trust administrator, the successor trust administrator shall cause such notice to be mailed at the expense of the Depositor.

  • Depositor Structured Asset Securities Corporation, a Delaware corporation having its principal place of business in New York, or its successors in interest.

  • Successor Owner Trustees and Additional Owner Trustees SECTION 9.1. Eligibility Requirements for Owner Trustee.....................19 SECTION 9.2. Resignation or Removal of Owner Trustee........................20 SECTION 9.3. Successor Owner Trustee........................................20 SECTION 9.4. Merger or Consolidation of Owner Trustee.......................21 SECTION 9.5. Appointment of Co-Trustee or Separate Trustee..................21 ARTICLE X.MISCELLANEOUS

  • Delaware Trustee The name and business address of the trustee of the Trust in the State of Delaware is Wilmington Trust Company, Xxxxxx Square North, 0000 Xxxxx Xxxxxx Xxxxxx, Xxxxxxxxxx, Xxxxxxxx 00000-0000.

  • Appointment of Co-Trustee, Separate Trustee or Custodian (a) Notwithstanding any other provisions hereof, at any time, the Trustee, the Depositor or the Certificateholders evidencing more than 50% of the Class Principal Amount (or Percentage Interest) of every Class of Certificates shall have the power from time to time to appoint one or more Persons, approved by the Trustee, to act either as co-trustees jointly with the Trustee, or as separate trustees, or as custodians, for the purpose of holding title to, foreclosing or otherwise taking action with respect to any Mortgage Loan outside the state where the Trustee has its principal place of business where such separate trustee or co-trustee is necessary or advisable (or the Trustee has been advised by the Master Servicer that such separate trustee or co-trustee is necessary or advisable) under the laws of any state in which a property securing a Mortgage Loan is located or for the purpose of otherwise conforming to any legal requirement, restriction or condition in any state in which a property securing a Mortgage Loan is located or in any state in which any portion of the Trust Fund is located. The separate trustees, co-trustees, or custodians so appointed shall be trustees or custodians for the benefit of all the Certificateholders and shall have such powers, rights and remedies as shall be specified in the instrument of appointment; provided, however, that no such appointment shall, or shall be deemed to, constitute the appointee an agent of the Trustee. The obligation of the Master Servicer to make Advances pursuant to Section 5.05 hereof shall not be affected or assigned by the appointment of a co-trustee. (b) Every separate trustee, co-trustee, and custodian shall, to the extent permitted by law, be appointed and act subject to the following provisions and conditions: (i) all powers, duties, obligations and rights conferred upon the Trustee in respect of the receipt, custody and payment of moneys shall be exercised solely by the Trustee; (ii) all other rights, powers, duties and obligations conferred or imposed upon the Trustee shall be conferred or imposed upon and exercised or performed by the Trustee and such separate trustee, co-trustee, or custodian jointly, except to the extent that under any law of any jurisdiction in which any particular act or acts are to be performed the Trustee shall be incompetent or unqualified to perform such act or acts, in which event such rights, powers, duties and obligations, including the holding of title to the Trust Fund or any portion thereof in any such jurisdiction, shall be exercised and performed by such separate trustee, co-trustee, or custodian; (iii) no trustee or custodian hereunder shall be personally liable by reason of any act or omission of any other trustee or custodian hereunder; and (iv) the Trustee may at any time, by an instrument in writing executed by it, with the concurrence of the Depositor, accept the resignation of or remove any separate trustee, co-trustee or custodian, so appointed by it or them, if such resignation or removal does not violate the other terms of this Agreement. (c) Any notice, request or other writing given to the Trustee shall be deemed to have been given to each of the then separate trustees and co-trustees, as effectively as if given to each of them. Every instrument appointing any separate trustee, co-trustee or custodian shall refer to this Agreement and the conditions of this Article VI. Each separate trustee and co-trustee, upon its acceptance of the trusts conferred, shall be vested with the estates or property specified in its instrument of appointment, either jointly with the Trustee or separately, as may be provided therein, subject to all the provisions of this Agreement, specifically including every provision of this Agreement relating to the conduct of, affecting the liability of, or affording protection to, the Trustee. Every such instrument shall be filed with the Trustee and a copy given to the Master Servicer. (d) Any separate trustee, co-trustee or custodian may, at any time, constitute the Trustee, its agent or attorney-in-fact with full power and authority, to the extent not prohibited by law, to do any lawful act under or in respect of this Agreement on its behalf and in its name. If any separate trustee, co-trustee or custodian shall die, become incapable of acting, resign or be removed, all of its estates, properties, rights, remedies and trusts shall vest in and be exercised by the Trustee, to the extent permitted by law, without the appointment of a new or successor trustee. (e) No separate trustee, co-trustee or custodian hereunder shall be required to meet the terms of eligibility as a successor trustee under Section 6.05 hereunder and no notice to the Certificateholders of the appointment shall be required under Section 6.07 hereof. (f) The Trustee agrees to instruct the co-trustees, if any, to the extent necessary to fulfill the Trustee’s obligations hereunder. (g) The Trust Fund shall pay the reasonable compensation of the co-trustees (which compensation shall not reduce any compensation payable to the Trustee).

  • DEUTSCHE TRUSTEE COMPANY LIMITED, as trustee (the “Trustee”);

  • The Owner Trustee It is expressly understood and agreed by the parties hereto that (i) this Agreement is executed and delivered by Wilmington Trust, National Association on behalf of the Trust not individually or personally but solely as owner trustee of the Trust under the Trust Agreement of the Trust dated the date hereof in the exercise of the powers and authority conferred upon and vested in Wilmington Trust, National Association as owner trustee of the Trust under such Trust Agreement, (ii) each of the representations, undertakings and agreements herein made on the part of the Trust is made and intended not as the personal representation, undertaking or agreement of Wilmington Trust, National Association, but is made and intended for the purpose of binding only the Trust and (iii) nothing herein contained shall be construed as creating any liability on the part of Wilmington Trust, National Association, individually or personally, to perform any covenant or obligation of the Trust, either expressed or implied, contained herein, all such liability, if any, being expressly waived by the parties hereto and by any Person claiming by, through or under the parties hereto.

  • The Depositor Section 6.01.

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