Trustee Qualifications Sample Clauses

Trustee Qualifications. Except to the extent that such requirements are waived by a majority of the Continuing Trustees then in office at the time of the nomination of such Trustee, only persons satisfying the following qualification requirements may be nominated, elected, appointed, qualified or seated (“nominated or seated”) to serve as Trustees:
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Trustee Qualifications. (a) An individual who is an Affiliated Person of any:
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Trustee Qualifications. The Trustee, and each Replacement Trustee, is required at all times to be a trust company duly incorporated, validly existing and licensed and authorized to carry on business as a trustee in the Province of Saskatchewan, with the corporate power and authority to administer the Trust and the Trust Property in accordance with the provisions of this Agreement, and with assets under management of at least $500 million. If at any point the Trustee fails to meet such requirements, the Trustee shall immediately notify Council of the same, and Council shall remove the Trustee by way of a Band Council Resolution and appoint a Replacement Trustee in accordance with Section 14.6.
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Trustee Qualifications. The Trustee must be a bank or trust company and must be a member of the Federal Reserve System of the United States of America. The Trustee may not be a parent, subsidiary or affiliate of either the Grantor or Beneficiary.
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Trustee Qualifications. For purposes of this Section 8, “AFFILIATED PERSON,” “CONTROL,” “INTERESTED PERSON” and “PRINCIPAL UNDERWRITER” have the meanings ascribed in Section 2 of the 1940 Act; and “INVESTMENT ADVISER” has the meaning ascribed in Section 202(a)(11) of the Advisers Act.
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Trustee Qualifications 
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Related to Trustee Qualifications

  • Due Qualification The Servicer is duly qualified to do business as a foreign corporation, is in good standing and has obtained all necessary licenses and approvals, in all jurisdictions in which the ownership or lease of property or the conduct of its business (including the servicing of the Receivables as required by this Agreement) requires or shall require such qualification;

  • Existence; Qualification The Borrowers will at all times preserve and keep in full force and effect their existence as a limited partnership, limited liability company, or corporation, as the case may be, and all rights and franchises material to its business, including their qualification to do business in each state where it is required by law to so qualify. Without limitation of the foregoing, each Borrower and, to the extent required by applicable law, General Partner and Member, shall at all times be qualified to do business in each of the states where the Properties are located.

  • Due Qualification and Good Standing The Borrower is in good standing in the State of Delaware. The Borrower is duly qualified to do business and, to the extent applicable, is in good standing in each other jurisdiction in which the nature of its business, assets and properties, including the performance of its obligations under this Agreement, the other Facility Documents to which it is a party and its Constituent Documents, requires such qualification, except where the failure to be so qualified or in good standing could not reasonably be expected to have a Material Adverse Effect.

  • Existence, Qualification and Power Each Loan Party and each Subsidiary thereof (a) is duly organized or formed, validly existing and, as applicable, in good standing under the Laws of the jurisdiction of its incorporation or organization, (b) has all requisite power and authority and all requisite governmental licenses, authorizations, consents and approvals to (i) own or lease its assets and carry on its business and (ii) execute, deliver and perform its obligations under the Loan Documents to which it is a party, and (c) is duly qualified and is licensed and, as applicable, in good standing under the Laws of each jurisdiction where its ownership, lease or operation of properties or the conduct of its business requires such qualification or license; except in each case referred to in clause (b)(i) or (c), to the extent that failure to do so could not reasonably be expected to have a Material Adverse Effect.

  • Foreign Qualification Prior to the Company’s conducting business in any jurisdiction other than Delaware, the Majority Members shall cause the Company to comply, to the extent procedures are available and those matters are reasonably within the control of the Majority Members, with all requirements necessary to qualify the Company as a foreign limited liability company in that jurisdiction.

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