Examples of Additional Trustee in a sentence
Each Additional Trustee shall have significant experience in the area of employee benefits, or have expertise in the employee benefits field and be an accredited member in good standing of a self-governed professional organization recognized in Canada in the legal, financial services, actuarial or benefits consulting field whose members have a recognized expertise relevant to employee benefits.
Additional Trustee: Has the meaning specified in the Intercreditor Agreement.Affiliate: Has the meaning specified in the Intercreditor Agreement.Agreement: Has the meaning specified in the first paragraph of Section 1.01 of this Trust Supplement.
The Additional Trustee, in each of its capacities, shall be entitled to all of the rights, privileges, protections, immunities and benefits given to the Initial Trustee in the Original Indenture.
Such reasonable remuneration as the Offered Note Trustee may pay to any Additional Note Trustee, together with any costs and expenses properly incurred by any Additional Note Trustee in performing its functions as such, are expenses of the Offered Note Trustee recoverable by it pursuant to clause 12.2. The Offered Note Trustee, upon giving prior notice to the Issuer and the Manager, has the power to remove any Additional Trustee.
The Additional Trustee shall not be deemed to have notice of any Default or Event of Default unless a Responsible Officer of the Additional Trustee has actual knowledge thereof or unless written notice of any event which is in fact such a default is received by the Additional Trustee at the Corporate Trust Office of the Additional Trustee, and such notice references the Securities and the Indenture.