Common use of Restrictions on trustee Clause in Contracts

Restrictions on trustee. Without the consent of SFV, LTES Operator may not, and may not agree, attempt or take any step to, do anything which: (a) (retirement, removal, replacement) effects or facilitates the retirement, removal or replacement of LTES Operator as trustee of the Trust; (b) (restriction on right of indemnity) could restrict LTES Operator’s right of indemnity from the Trust Property in respect of obligations incurred by LTES Operator under this agreement; (c) (restrict or impair compliance) could restrict or impair the ability of LTES Operator to comply with its obligations under this agreement; (d) (termination of trust) effects or facilitates the termination of the Trust; (e) (variation of Trust Deed) effects or facilitates the variation of the Trust Deed; or (f) (resettlement of Trust Property) effects or facilitates the resettlement of the Trust Property.

Appears in 18 contracts

Samples: Project Development Agreement, Project Development Agreement, Project Development Agreement

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