Trustee Designation Sample Clauses

Trustee Designation. Unless you provide the Bank with a court order or other legal written agreement governing a fiduciary account, any account which you open as “trustee for” or “trust for” shall be governed by Section 36a-296 of the Connecticut General Statutes. Briefly, such an account means that you, as trustee, have control of the funds during your life. If you die before the beneficiary, the trust terminates and the funds vest in the person named as beneficiary. You may, as trustee, pledge an account of this type as collateral for a loan. This account is often called a Xxxxxx Trust Account. To open this account, you must include your social security number on the signature card. When opening this account, the Bank may require that you provide the name, date of birth, address and social security number of the beneficiary.
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Trustee Designation. The Participating Employer agrees to use the same Trustee as is designated on the Trust Declaration under the Agreement, except as provided in a separate trust agreement.
Trustee Designation. 10.03[A] (50) Trust Fund..............................................................................................1.22 (5) Weighted Average Allocation Method....................................................................14.12 (77) Year of Service for Eligibility Purposes................................................................2.02 (12) Year of Service for Vesting Purposes....................................................................5.06 (27)
Trustee Designation. 10.03[A](10.01) Self-Employed Individual.................1.08(1.02) Trust Fund..............................1.22(1.05) Service..................................1.26(1.06)

Related to Trustee Designation

  • Designation of Servicer 22 Section 8.2

  • Effect of Death, Resignation, Removal, etc. of a Trustee The death, declination, resignation, retirement, removal, declaration as bankrupt or incapacity of one or more Trustees, or of all of them, shall not operate to dissolve the Trust or any Series or to revoke any existing agency created pursuant to the terms of this Declaration of Trust. Whenever a vacancy in the Board of Trustees shall occur, until such vacancy is filled as provided in this Article IV, Section 1, the Trustee(s) in office, regardless of the number, shall have all the powers granted to the Board of Trustees and shall discharge all the duties imposed upon the Board of Trustees by this Declaration of Trust. In the event of the death, declination, resignation, retirement, removal, declaration as bankrupt or incapacity of all of the then Trustees, the Trust’s Investment Adviser(s) is (are) empowered to appoint new Trustees subject to the provisions of Section 16(a) of the 1940 Act.

  • Designation of the Backup Servicer The backup servicing role with respect to the Collateral shall be conducted by the Person designated as Backup Servicer under the Backup Servicing Agreement, which shall be Xxxxx Fargo.

  • Designation of the Servicer The Trust hereby designates the Seller as the initial Servicer under this Agreement and by executing and delivering this Agreement, the Seller agrees to accept its designation as the Servicer until a Servicer Transfer, and hereby agrees to perform the duties and obligations of the Servicer pursuant to the terms hereof, at no cost to the Trust. Subject to the provisions of this Agreement, the Servicer shall administer, service and collect the Pool Assets as agent for the Trust until the Final Termination Date and the Trust shall not terminate the Seller as Servicer except in accordance with Section 5.12. The Servicer may, in accordance with the terms of the Credit and Collection Policies, subcontract with any Person for the administration and collection of the Pool Receivables; provided however, that the Servicer shall remain liable for the performance of the duties and obligations so subcontracted and all other duties and obligations of the Servicer pursuant to the terms hereof.

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