PROVISIONS RELATING TO THE TRUSTEE. Section 2.01. The Trustee shall be a bank or trust company which is a member of the Federal Reserve System of the United States of America or a New York State chartered bank and shall not be a parent, subsidiary or affiliate of the Grantor or the Beneficiary.
PROVISIONS RELATING TO THE TRUSTEE. 39.1 The Trustee shall be responsible for the safe-keeping of the assets of the Plan in accordance with this Deed and subject thereto such assets shall be dealt with as the Trustee may think proper for the purpose of providing for the safe keeping thereof.
PROVISIONS RELATING TO THE TRUSTEE. 10.1 The Trustee shall have no duty, power or discretion to accumulate any Trust Property and it shall distribute Trust Property (including the Revenue and the Proceeds) in accordance with the terms of this Trust Deed or if this Trust Deed does not contain any express term as to its distribution, in accordance with the directions of the Beneficiary from time to time.
PROVISIONS RELATING TO THE TRUSTEE. Section 2.01. (a) Trustee shall be a qualified United States financial institution, as that term is defined in 215 ILCS 5/173.1(3)(B).
PROVISIONS RELATING TO THE TRUSTEE. Section 2.01. The Trustee, including any successor trustee, shall be a bank or trust company which is: (a)(i) organized under the laws of the United States or any state thereof, or in the case of a United States branch or agency office of a foreign banking organization, is licensed under the laws of the United States or any state thereof, and (ii) has been granted the authority to operate with fiduciary powers; (b) regulated, supervised, and examined by federal or state authorities having regulatory authority over banks and trust companies; and (c) not a parent, subsidiary or affiliate of the Grantor or the Beneficiary.
PROVISIONS RELATING TO THE TRUSTEE. Section 5.01. Before accepting any Asset for deposit to the Trust Account, the Trustee shall determine that such Asset is in such form that the Beneficiary whenever necessary may, or the Trustee upon direction by the Beneficiary may, negotiate such Asset without consent or signature from the Grantor or any person or entity (other than a Central Depository and the Trustee) in accordance with the terms of this Agreement.
PROVISIONS RELATING TO THE TRUSTEE
