Notice to Sponsor. If the Trustee receives notice at any time that an action is to be taken by reason of its holding of the assets of the Trust for which no direction is provided herein, the Trustee shall promptly notify the Sponsor and shall thereupon take or refrain from taking such action as the Sponsor shall in writing direct; provided, however, that if the Sponsor shall not within five Business Days of the giving of such notice to the Sponsor direct the Trustee to take or refrain from taking any action, the Trustee shall take such action or decline to take action as it, in its sole discretion, shall deem advisable. Neither the Sponsor nor the Trustee shall be liable to any person for any action or failure to take action with respect to this Section 3.09.
Notice to Sponsor. ..27 Section 3.10. Book-Entry-Only System, Global Security..................................................27 Section 3.11. Trust to be administered as Grantor Trust................................................30
Notice to Sponsor. Notices to Sponsor shall be addressed and delivered to the following Sponsor’s representative, who is hereby designated by Sponsor as its primary authorized representative for administration, interpretation, review, and enforcement of this Agreement and the services of Consultant hereunder: NAME AND TITLE OF SPONSOR’S REPRESENTATIVE Xxxxx Xxxxxxx, Public Works Director SPONSOR’S NAME City of Columbia, Missouri SPONSOR’S ADDRESS P.O. Box 6015 Columbia, Missouri 65205 PHONE 000-000-0000 FAX E-MAIL ADDRESS Xxxxx.Xxxxxxx@XxXx.xxx Sponsor reserves the right to substitute another person for the individual named at any time, and to designate one or more other representatives to have authority to act upon its behalf generally or in limited capacities, as Sponsor may now or hereafter deem appropriate. Such substitution or designations shall be made by Sponsor in a written notice to Consultant.
