Trustee’s Obligations. The Trustee shall promptly inform the Agent of:
(a) the contents of any notice or document received by it in its capacity as Trustee from any Obligor under any Finance Document; and
(b) the occurrence of any Default of which the Trustee has received written notice from any other party to this Agreement.
Trustee’s Obligations. No power, duty or responsibility is imposed on the trustee except as set forth in this agreement. The trustee is not obliged to determine whether funds delivered to or distributions from the trust are proper under the trust, or whether any tax is due or payable as a result of any such delivery or distribution. The trustee shall be protected in making any distribution from the trust as directed pursuant to Article II without inquiring as to whether the distributee is entitled thereto; the trustee shall not be liable for any distribution made in good faith without written notice or knowledge that the distribution is not proper under the terms of this agreement; and the trustee shall not be liable for any action taken because of the specific direction of the administrator.
Trustee’s Obligations. No provision of this deed requires the Trustee to expend or risk its own funds or to otherwise incur any financial liability in the performance of any of its duties or in the exercise of its rights including, but not limited to, prosecuting, defending or otherwise enforcing any claims by or against the Trust Fund.
Trustee’s Obligations. The Trustee accepts this Trust when this Deed of Trust, duly executed and acknowledged, is made a public record as provided by law. The Trustee is not obligated to notify any party to this Deed of Trust of pending sale under any other deed of trust or of any action or proceeding in which Trustor, Lender or Trustee is a party unless such action is brought by the Trustee. The Trustee shall not be obligated to perform any act required of it under this Deed of Trust unless the performance of such act is requested in writing and the Trustee is reasonably indemnified against loss, costs, liability and expense. OBLIGATIONS OF TRUSTOR ARE JOINT AND SEVERAL; GENDER AND NUMBER: If more than one person has executed this Deed of Trust as "Trustor," the obligations of all such persons under this Deed of Trust shall be joint and several. In this Deed of Trust, whenever the context so requires, the masculine gender includes the feminine and/or neuter, and the singular number includes the plural. NO OFFSETS: No offset or claims which Trustor now or in the future may have against Lender shall relieve Trustor from making payments or performing any other obligations contained in or secured by this Deed of Trust. Despite any right or option that may be granted to Lender or Trustee by this Deed of Trust or in the evidence of any obligations secured by this Deed of Trust or document ancillary to this Deed of Trust to receive, collect, accept deposit of, use, apply or in any other manner obtain or dispose of any funds or property, the same shall not be deemed to constitute any credit against or to satisfy any obligation secured by this Deed of Trust, in whole or in part, unless and until such funds or property shall be both so obtained and expressly so applied by Lender or Trustee to such satisfaction of such obligation and then only in the manner and to the extent of such application. GOVERNING LAW: The loan secured by this Deed of Trust is made pursuant to the laws of the State of California, and the rules and regulations promulgated thereunder. The loan contracts between the parties, including this Deed of Trust, shall be construed and governed by such laws, rules, and regulations. AGREEMENT CHANGED ONLY BY WRITING: This Deed of Trust cannot be changed except by agreement in writing signed by Trustor and Lender.
Trustee’s Obligations. The Trustee represents that all the rights, interests and dividends (including self-produced and not yet produced) of the Entrusted Shares shall unconditionally belong to the Beneficiary.
Trustee’s Obligations. Nothing in this Agreement shall (i) prevent any of the Trustees from discharging his or her fiduciary duties as a member of the Board or (ii) require the Trustees to take any action that would constitute a breach of the trust under or be inconsistent with the trust instrument of the Trust.
Trustee’s Obligations. 2.1 The Security Trustee agrees that it shall act as trustee for the Bondholders as envisaged by the obligations of the Issuer under the relevant security document and/or of the Prospectus and shall take the benefit of the Security on trust for the benefit of the Bondholders. The Security Trustee shall have no obligation to improve the Security or to identify any alternative to the Security for the benefit of the Bondholders.
2.2 The Security Trustee shall execute or provide any documentation as may be required to effect or to perfect the Security and deliver any notice required for the same purpose.
2.3 The Security Trustee shall not release any Security unless or until it has reasonably satisfied itself that no further Secured Obligations are outstanding and the Issuer shall, upon being requested to do so by the Security Trustee, provide to the Security Trustee such evidence of the release of the Secured obligations, whether in whole or in part, as the Security Trustee may reasonably require.
Trustee’s Obligations. 4.1 The Trustees shall in the case of an award of:
a) Free Shares, acquire (or allocate any Plan Shares already held by them which are not then Participants’ Plan Shares) and appropriate the relevant number of Plan Shares to the Eligible Employees who are entitled to receive such an Award in accordance with the Rules;
b) Partnership Shares, acquire shares (or allocate Plan Shares already held by them which are not then Participants’ Plan Shares) within the time limits specified in Rule 5 or 6 and hold them on behalf of the Participants from whom Partnership Share Money has been received and from whom a completed Partnership Share Agreement or Partnership and Matching Share Agreement has been returned and not withdrawn;
c) Matching Shares, acquire (or allocate Plan Shares which are not then Participant Plan Shares) and appropriate the relevant number of Plan Shares to the Participants for whom Partnership Shares have been allocated in accordance with Clause 4.1(b) above on the relevant Acquisition Date. in each case in accordance with the Rules of the Plan.
Trustee’s Obligations. 4.1 The Trustees shall:
(a) co-operate with the Council in all matters relating to the Service and its development;
(b) work with the Council to allow the KORR Museum to be closed or re-located for a defined period of time if the City Museum is being closed for refurbishment or major structural works or if there is a major health & safety matter that requires the closure. The Trustees shall not reasonably withhold their consent or cooperation to any plans of the Council to develop its services.
(c) give written notice to the Council of the appointment or retirement of any person to or from their body
(d) work with the Council to ensure that the KORR Museum meets Accreditation Standards for Governance
(e) ensure that the Trust’s constitution is fit for purpose for Accreditation.
(f) Work with the Council to develop a joint Development Plan for the KORR Museum and this will then work as part of the overall museum service forward plans. Trustees will be expected to undertake responsibility for delivering elements of this plan.
(g) provide to the Council in a timely manner all documents, information, items and materials in any form (whether owned by the Kings Own Royal Regiment Museum Trust or third party) required under Schedule 1 or otherwise reasonably required by the Council in connection with the Service and ensure that they are accurate and complete
(h) work with the Council to ensure that all health and safety and security requirements that apply to any items in the Collection are known and observed
(i) obtain and maintain all necessary licences and consents and comply with all relevant legislation as required to enable the Council to provide the Service.
(j) continue to acquire items connected with the Kings Own Royal Regiment Museum Trust by gift, bequest or purchase for placing with the Collection.
(k) provide funds for any additions to the Collection, which will then become the property of the KORR Museum Trust.
(l) provide a Trustee with delegated responsibility to approve additions to the Collection and also Loans Out, all such additions and Loans Out to be with the agreement of the Council.
(m) work with the City Council to produce, review and refresh a Collections Development Policy for the KORR Museum collection using the Collections Trust template. The KORR Trustees will then formally adopt that Policy as their own. Items for addition to the collection or for disposal from the collection to be jointly agreed upon and in line with the Collectio...
Trustee’s Obligations. Each Security Trustee shall promptly inform Lender of:
