Down Trustee definition

Down Trustee means State Street Bank and Trust Company, N.A., not in its individual capacity but solely as trustee of the Down Trust.
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Examples of Down Trustee in a sentence

  • The Administrative Agent shall direct the Trustee and the Down Trustee in allocating all Eligible Treasury Securities acquired as described above equally between the Up Trust and the Down Trust.

  • Not later than the Closing Date, the Depositor shall file a financing statement covering the interest of the Down Trustee, on behalf of the Down Trust, in the Trust Assets which shall secure the obligations of the Up Trust to the Down Trust under the Income Distribution Agreement and the Settlement Contracts.

  • The Depositor shall cause to be paid in the manner provided for in Section 5.4, and the Trustee shall be entitled to receive, on each Distribution Payment Date, the Down Trustee Fee for all services rendered by it under this Trust Agreement and in the exercise and performance of any of the powers and duties hereunder of the Trustee.

  • The Administrative Agent and any member, manager, director, officer, employee or agent of the Administrative Agent may rely in good faith on any document properly executed and delivered under this Trust Agreement by the Depositor, the Trustee, the Down Trustee or any Authorized Participant respecting any matters arising hereunder.

  • The Marketing Agent and its directors, members, managers, officers, employees or agents may rely in good faith on any document properly executed and delivered under this Trust Agreement by the Depositor, the Trustee, the Administrative Agent, the Down Trustee or any Authorized Participant respecting any matters arising hereunder.

  • The Trustee will give prompt notice of the occurrence of any Termination Trigger of which it has knowledge or of which it has been informed to the Calculation Agent, the Down Trustee and the Registered Owners of the Up MacroShares.

  • The Administrative Agent and any director, officer, employee or agent of the Administrative Agent may rely in good faith on any document properly executed and delivered under this Trust Agreement by the Depositor, the Trustee, the Down Trustee or any Authorized Participant respecting any matters arising hereunder.

  • The Marketing Agent and its directors, officers, employees or agents may rely in good faith on any document properly executed and delivered under this Trust Agreement by the Depositor, the Trustee, the Administrative Agent, the Down Trustee or any Authorized Participant respecting any matters arising hereunder.

  • Not later than the Closing Date, the Depositor shall file a financing statement covering the interest of the Down Trustee, on behalf of the Up Trust, in the Trust Assets which shall secure the obligations of the Down Trust to the Down Trust under the Income Distribution Agreement and the Settlement Contracts.

  • The Trustee shall give prompt notice of the occurrence of any Termination Trigger of which it has knowledge or of which it has been informed to the Depositor, the Administrative Agent, the Down Trustee and the Registered Owners of the Up MacroShares.

Related to Down Trustee

  • NIM Trustee The trustee for the NIM Securities.

  • Co-Trustee has the meaning set forth in the Basic Servicing Agreement.

  • Trust Agent means U.S. Bank, as Trust Agent under the Titling Trust Agreement.

  • Issuer Trustee means Montreal Trust Company of Canada and its successors.

  • Escrow Trustee means the bank or trust company designated by the Fiscal Officer in the Certificate of Award as the initial escrow agent with respect to the Refunded Bonds under the Escrow Agreement and until a successor Escrow Trustee shall have become such pursuant to the provisions of the Escrow Agreement and, thereafter, "Escrow Trustee" shall mean the successor Escrow Trustee.

  • Distribution Agent shall refer to the Trustee acting in its capacity as distribution agent pursuant to Section 5.05 herein."

  • Master Trust Trustee means the entity acting as trustee under the applicable Pooling and Servicing Agreement.

  • Owner Trustee means Wilmington Trust Company, a Delaware trust company, not in its individual capacity but solely as owner trustee under this Agreement, and any successor Owner Trustee hereunder.

  • Administrative Trustee means each of the Persons identified as an “Administrative Trustee” in the preamble to this Trust Agreement, solely in each such Person’s capacity as Administrative Trustee of the Trust and not in such Person’s individual capacity, or any successor Administrative Trustee appointed as herein provided.

  • Securities Administrator Xxxxx Fargo Bank, N.A., or its successor in interest, or any successor securities administrator appointed as herein provided.

  • Note A-1 Trustee means the trustee under the Note A-1 PSA.

  • Share Trustee means Monument Trustees Limited, with its registered office at 57 Herbert Lane, Dublin 2, Ireland and CRO number 345558, and any successor thereto.

  • indenture trustee or "institutional trustee" means the Trustee.

  • Canadian Trustee means the Person named as the “Canadian Trustee” in the first paragraph of this Indenture until a successor Canadian Trustee shall have become such pursuant to the applicable provisions of this Indenture, and thereafter “Canadian Trustee” shall mean or include each Person who is then a Canadian Trustee hereunder; provided, however, that if at any time there is more than one such Person, “Canadian Trustee” as used with respect to the Securities of any series shall mean only the Canadian Trustee with respect to Securities of that series.

  • Lead Trustee means (a) during the period from and after the Note A-2 Securitization Date and prior to the Note A-1 Securitization Date, the Note A-2 Trustee and, (b) from and after the Note A-1 Securitization Date, the trustee designated under the Note A-1 Securitization.

  • Debenture Trustee means The Bank of New York, as trustee under the Indenture until a successor is appointed thereunder, and thereafter means such successor trustee.

  • Purchase Contract Agent means the Person named as the “Purchase Contract Agent” in the first paragraph of this Agreement until a successor Purchase Contract Agent shall have become such pursuant to the applicable provisions of this Agreement, and thereafter “Purchase Contract Agent” shall mean such Person or any subsequent successor who is appointed pursuant to this Agreement.

  • Plan Trustee means the Person appointed pursuant to Article V of the Plan and the Plan Trust Agreement for the purpose of acting as Trustee of the Plan Trust in accordance with the terms and conditions contained in the Plan, the Plan Trust Agreement and the Confirmation Order.

  • Delaware Trustee means, with respect to the Trust, the Person identified as the “Delaware Trustee” in the Trust Agreement, solely in its capacity as Delaware Trustee of the Trust under the Trust Agreement and not in its individual capacity, or its successor in interest in such capacity, or any successor Delaware Trustee appointed as therein provided.

  • Liquidation Trustee means the trustee appointed jointly by the Debtors and the Creditors’ Committee, and identified in the Plan Supplement, to serve as the liquidation trustee under the Liquidation Trust Agreement, or any successor appointed in accordance with the terms of the Plan and Liquidation Trust Agreement.

  • The Trustee s responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Master Servicer. By each Determination Date the Master Servicer shall provide to the Trustee in electronic form the information needed to determine the distributions to be made pursuant to Section 4.02 and any other information on which the Master Servicer and the Trustee mutually agree.

  • institutional trustee means the Trustee.

  • Trustee means any person, including the founder of a trust, to whom property is bequeathed in order for such property to be administered for the benefit of another person.

  • Initial Trustee shall have the meaning defined in the preamble hereto.

  • Property Trustee means the Person identified as the “Property Trustee” in the Trust Agreement, solely in its capacity as Property Trustee of the Trust under the Trust Agreement and not in its individual capacity, or its successor in interest in such capacity, or any successor Property Trustee appointed as therein provided.

  • Supplemental Interest Trust Trustee Xxxxx Fargo Bank, N.A., a national banking association, not in its individual capacity but solely in its capacity as supplemental interest trust trustee, and any successor thereto.