Examples of Co-Trustees in a sentence
Section 8.12 Separate Trustees and Co-Trustees.............................
Section 8.12 Separate Trustees and Co-Trustees............................
Section 8.12 Separate Trustees and Co-Trustees.........................
The Co-Trustees may accept a certified copy of a resolution of the board of directors or other governing body of any corporate party as conclusive evidence that such resolution has been duly adopted by such body and that the same is in full force and effect.
Section 8.12 Separate Trustees and Co-Trustees.................................
The Co-Trustees make no representations as to the validity or sufficiency of this Agreement, of any other Basic Document or of the Certificates (other than the signature and countersignature of the Owner Trustee on the Certificates) or the Notes, or of any Receivable or related documents.
As to any fact or matter the method of the determination of which is not specifically prescribed herein, the Co-Trustees may for all purposes hereof rely on a certificate, signed by the president or any vice president or by the treasurer or other authorized officers of the relevant party, as to such fact or matter and such certificate shall constitute full protection to the Co-Trustees for any action taken or omitted to be taken by it in good faith in reliance thereon.
In the event of any claim, action or proceeding for which indemnity will be sought pursuant to this Section 8.2, the Co-Trustees' choice of legal counsel shall be subject to the approval of the Depositor, which approval shall not be unreasonably withheld.
The indemnities contained in this Section 8.2 shall survive the resignation or termination of the Co-Trustees or the termination of this Agreement.
Except as provided in this Article VII, in accepting the trusts hereby created, The Bank of New York acts solely as Owner Trustee hereunder and The Bank of New York (Delaware) acts solely as Delaware Trustee hereunder and not in their individual capacities, and all Persons having any claim against the Co-Trustees by reason of the transactions contemplated by this Agreement or any other Basic Document shall look only to the Owner Trust Estate for payment or satisfaction thereof.