LIMITED POWER OF APPOINTMENT Sample Clauses

LIMITED POWER OF APPOINTMENT. Upon the death of the Current Beneficiary before complete distribution of the trust, the remainder thereof shall be distributed to or in trust for such one or more of such Current Beneficiary's descendants in such manner and in such proportions and upon such terms, conditions and trusts as such beneficiary may appoint by her will, specifically referring to the power hereby granted.
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LIMITED POWER OF APPOINTMENT. The current beneficiary of each trust administered under this article shall have a Limited Power of Appointment over the trust estate of his or her trust remaining at his or her death. If the beneficiary dies before receiving full distribution of his or her trust, the Trustees shall distribute all or any part of the property remaining in the current beneficiary's trust as he or she may direct by the exercise of such Limited Power of Appointment.
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LIMITED POWER OF APPOINTMENT. The surviving spouse shall have a limited power of appointment over the principal of the Marital Trusts remaining undistributed at his or her death. On the death of the surviving spouse, the trustee shall distribute all or any part of the remaining principal of the Marital Trusts to such one or more of the group composed of the trustors' descendants and the spouses of such descendants, in such proportions and on such terms and conditions, either outright or in trust, as the surviving spouse may appoint in an acknowledged written instrument delivered to the trustee which specifically refers to and exercises this power of appointment. Any principal of the Marital Trusts not effectively appointed by the surviving spouse in this manner shall be held, administered and distributed as provided in Article 5 of this instrument.
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LIMITED POWER OF APPOINTMENT. On the death of the surviving spouse, the trustee shall distribute all or any part of the assets then remaining in or added to the Exemption Trust, including all accumulated income, to such one or more of the trustors' descendants or the spouses of such descendants, in such proportions and on such terms and conditions, either outright or in trust, as the surviving spouse may appoint in an acknowledged written instrument delivered to the trustee which specifically refers to and exercises this power of appointment. Any of the Exemption Trust not effectively appointed by the surviving spouse in this manner shall be distributed as provided in Article 5.
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Related to LIMITED POWER OF APPOINTMENT

  • Designation and Appointment The Board may, from time to time, employ and retain Persons as may be necessary or appropriate for the conduct of the Company’s business (subject to the supervision and control of the Board), including employees, agents and other Persons (any of whom may be a Member or Director) who may be designated as Officers of the Company, with titles including but not limited to “chief executive officer,” “president,” “vice president,” “treasurer,” “secretary,” “general counsel” and “chief financial officer,” as and to the extent authorized by the Board. Any number of offices may be held by the same Person. In the Board’s discretion, the Board may choose not to fill any office for any period as it may deem advisable. Officers need not be residents of the State of Delaware or a Member. Any Officers so designated shall have such authority and perform such duties as the Board may, from time to time, delegate to them. The Board may assign titles to particular Officers. Each Officer shall hold office until his successor shall be duly designated and shall have qualified as an Officer or until his death or until he shall resign or shall have been removed in the manner hereinafter provided. The salaries or other compensation, if any, of the Officers of the Company shall be fixed from time to time by the Board.

  • Term of Appointment 2.1 The Appointment shall commence on the Commencement Date and shall continue, subject to the remaining terms of this agreement, until terminated by either party giving the other not less than three months’ prior notice in writing.

  • Scope of Appointment A. Subject to the conditions set forth in this Agreement, the Fund hereby appoints DST as Transfer Agent and Dividend Disbursing Agent.

  • Restrictions on chartering, appointment of managers etc No Borrower shall, in relation to the Ship owned by it:

  • RESIGNATION AND REMOVAL OF THE DEPOSITARY; APPOINTMENT OF SUCCESSOR CUSTODIAN The Depositary may at any time resign as Depositary under the Deposit Agreement by written notice of its election so to do delivered to the Company, to become effective upon the appointment of a successor depositary and its acceptance of such appointment as provided in the Deposit Agreement. The Depositary may at any time be removed by the Company by 90 days’ prior written notice of that removal, to become effective upon the later of (i) the 90th day after delivery of the notice to the Depositary and (ii) the appointment of a successor depositary and its acceptance of its appointment as provided in the Deposit Agreement. The Depositary in its discretion may at any time appoint a substitute or additional custodian or custodians.

  • Resignation and Removal; Appointment of Successor Trustee (a) The Trustee, or any trustee or trustees hereafter appointed, may at any time resign with respect to one or more or all series of Securities by giving written notice of resignation to the Issuer and by mailing notice thereof by first class mail to Holders of the applicable series of Securities at their last addresses as they shall appear on the Security register. Upon receiving such notice of resignation, the Issuer shall promptly appoint a successor trustee or trustees with respect to the applicable series by written instrument in duplicate, executed by authority of the Board, one copy of which instrument shall be delivered to the resigning Trustee and one copy to the successor trustee or trustees. If no successor trustee shall have been so appointed with respect to any series and have accepted appointment within 30 days after the mailing of such notice of resignation, the resigning trustee at the Issuer’s expense may petition any court of competent jurisdiction for the appointment of a successor trustee, or any Securityholder who has been a bona fide Holder of a Security or Securities of the applicable series for at least six months may, subject to the provisions of Section 4.12, on behalf of himself and all others similarly situated, petition any such court for the appointment of a successor trustee. Such court may thereupon, after such notice, if any, as it may deem proper and prescribe, appoint a successor trustee.

  • Terms of Appointment Subject to the terms and conditions set forth in this Agreement, the Fund hereby employs and appoints RPS to perform the services and functions described herein in connection with certain Retirement Plan and Retirement Accounts as agreed upon by the parties.

  • Resignation and Appointment of Successor (a) The Company agrees, for the benefit of the holders from time to time of the Warrant Certificates, that there shall at all times be a Warrant Agent hereunder until all the Warrants have been exercised or are no longer exercisable.

  • Resignation and Removal; Appointment of Successor (a) No resignation or removal of the Trustee and no appointment of a successor Trustee pursuant to this Article shall become effective until the acceptance of appointment by the successor Trustee in accordance with the applicable requirements of Section 6.11.

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