Corporate Trustees definition
Examples of Corporate Trustees in a sentence
In the event the Trustees appoint a Corporate Trustee or Corporate Trustees, to the fullest extent permitted by law the Trustees shall be relieved of their fiduciary responsibilities with regard to the assets under the control of the Corporate Trustee or Corporate Trustees.
The powers conferred on the Corporate Trustee and the Secured Parties hereunder are solely to protect the Corporate Trustee's and the Secured Parties' interests in the Collateral and shall not impose any duty upon the Corporate Trustee or any Secured Party to exercise any such powers.
All Corporate Trustees shall possess appropriate qualifications for membership on the Education Corporation Board, as such qualifications are set forth in the Terms of Operation, and shall be seated pursuant to the following procedures.
The Corporate Trustee's sole duty with respect to the custody, safekeeping and physical preservation of the Collateral in its possession, under Section 9-207 of the Code or otherwise, shall be to deal with it in the same manner as the Corporate Trustee deals with similar property for its own account.
The Corporate Trustee in its own name or in the name of others may at any time when a Notice of Enforcement is in effect communicate with parties to the Contracts and with account debtors to verify with them to the Corporate Trustee's satisfaction the existence, amount and terms of any Contracts or Receivables.
Dated: INLAND STEEL COMPANY by________________________ Title: (Form of Corporate Trustee's Certificate of Authentication) This bond is one of the bonds described in the within-mentioned First Mortgage.
In the event of the Corporate Trustee's failing for ten (10) days to call a meeting after being thereunto requested by the Company or bondholders as above set forth, holders of Outstanding bonds in the amount above specified in this Section or the Company, pursuant to Resolution of its Board of Directors, may call such meeting.
The Loan Note Issuer has an issued share capital of one ordinary share of £1 which is fully paid up and which is held by Crestbridge Corporate Trustees Limited on discretionary trust.
One-third (1/3) of the total Awarded Units (rounded down to the nearest whole unit) shall vest on the first anniversary of the Date of Grant and become Vested RSUs, provided that the Grantee has continuously provided services to the Group as an employee, contractor, or outside director through that date.
The Borrower further agrees, at the Corporate Trustee's request, to assemble the Collateral and make it available to the Trustees at places which the Trustees shall reasonably select, whether at the Borrower's premises or elsewhere.