Corporate Trustee definition

Corporate Trustee means a Trustee which is a banking institution or trust company regularly engaged in the business of trust administration in which no Beneficiary has any controlling interest.

Corporate Trustee. First Union National Bank, as Corporate Trustee under the Trust Agreement, and its successors pursuant to the Trust Agreement.

Corporate Trustee as defined in the definition of Trust Agreement.

Examples of Corporate Trustee in a sentence

• While BNY Corporate Trustee Services Ltd filed a motion for and was granted leave to appeal with the U.S. Bankruptcy Court, the case was settled before the appeal was heard.

• The English Supreme Court has, in Belmont Park Investments Pty Limited v BNY Corporate Trustee Services Limited and Lehman Brothers Special Financing Inc.

• As promptly as practicable after the giving of the notice and the sending of the certificates provided in this subsection, the Company shall provide a copy of each to the Corporate Trustee.

• In case the Company pays any registered owner pursuant to an agreement with that registered owner, the Company shall notify the Corporate Trustee as promptly as practicable of such agreement and payment, and shall furnish the Corporate Trustee with a copy of such agreement; in case the Company deposits any cash with the Corporate Trustee, the Company shall provide therewith a list of the registered owners and the amount of such cash each registered owner is to receive.

• This principle prevents a party from agreeing to a provision that deprives its creditors of an asset upon its insolvency.The English Supreme Court has, in Belmont Park Investments Pty Limited v BNY Corporate Trustee Services Limited and Lehman Brothers Special Financing Inc.

More Definitions of Corporate Trustee

Corporate Trustee means an entity organized as a financial institution or a corporation with the authority to act in a fiduciary capacity.

Corporate Trustee means a trustee that is a bank, trust company, or other entity authorized to serve as a trustee under the laws of the United States or any state thereof that is not a Related Person as to me, and which has at least Five Hundred Million Dollars ($500,000,000) of assets under trust management (which may include assets managed by affiliated or subsidiary banks or trust companies). A bank or trust company that does not meet these requirements cannot serve as Trustee.

Corporate Trustee means the Public Trustee or any trustee company under the Trustee Companies Act 1987;

Corporate Trustee has the meaning specified in the recital of parties to this Agreement.

Corporate Trustee means a body corporate appointed or acting as trustee; "Court" means the Supreme Court;

Corporate Trustee means a bank, trust company, or company whose primary business is trust services. A corporate trustee may not have any affiliation with the beneficiary either through relatives working for the corporate trustee or investments by the beneficiary with the company other than for administrative fees.

Corporate Trustee means a trustee which is a corporation; “corporation” means a body corporate wherever incorporated; “Court” means the Supreme Court or a Judge thereof;