Multiple Trustees. Whenever there shall be more than two security trustees hereof, the majority of such security trustees shall be competent to execute and exercise all the trusts, powers, authorities and discretions vested by this Deed and any of the other Transaction Documents in the Security Trustee generally.
Appears in 6 contracts
Samples: Deed of Charge (Permanent Mortgages Trustee LTD), Seventh Issuer Deed of Charge (Permanent Mortgages Trustee LTD), Fifth Issuer Deed of Charge (Permanent Financing (No. 5) PLC)
Multiple Trustees. Whenever there shall be more than two security trustees hereof, the majority of such security trustees shall (provided such majority includes a trust corporation) be competent to execute and exercise all the trusts, powers, authorities and discretions vested by this Deed and any of the other Transaction Documents in the Sixth Issuer Security Trustee generally.
Appears in 1 contract
Samples: Sixth Issuer Deed of Charge (Holmes Financing No 6 PLC)
Multiple Trustees. Whenever there shall be more than two security trustees hereof, the majority of such security trustees shall (provided such majority includes a trust corporation) be competent to execute and exercise all the trusts, powers, authorities and discretions vested by this Deed and any of the other Ninth Issuer Transaction Documents in the Ninth Issuer Security Trustee generally.
Appears in 1 contract
Multiple Trustees. Whenever there shall be more than two security trustees hereof, the majority of such security trustees shall (provided such majority includes a trust corporation) be competent to execute and exercise all the trusts, powers, authorities and discretions vested by this Deed and any of the other Seventh Issuer Transaction Documents in the Seventh Issuer Security Trustee generally.
Appears in 1 contract
Multiple Trustees. Whenever there shall be more than two security trustees hereof, the majority of such security trustees shall be competent to execute and exercise all the trusts, powers, authorities and discretions vested by this Deed and any of the other Transaction Documents in the Security Trustee generally.
Appears in 1 contract
Multiple Trustees. Whenever there shall be more than two security trustees hereof, the majority of such security trustees shall (provided such majority includes a Trust Corporation) be competent to execute and exercise all the trusts, powers, authorities and discretions vested by this Deed and any of the other Transaction Documents in the Security Trustee generally.
Appears in 1 contract
Samples: Deed of Charge
