ECT Trustees definition
Examples of ECT Trustees in a sentence
The foregoing right of indemnification shall not be exclusive of any other rights to which ECT or the ECT Trustees may be entitled as a matter of law or equity.
The rights conferred by any such provision shall be enforced by ECT for its benefit and the benefit of the Fund and shall be held in trust and enforced by ECT for the benefit of the Trustee, the ECT Trustees, the Administrator, the Unitholders and Fund Annuitants.
ECT and the ECT Trustees may rely, and shall be protected in acting, upon any instrument or other documents believed by it, acting reasonably, to be genuine and in force.
All costs, charges and expenses reasonably incurred by ECT and the ECT Trustees in carrying out ECT’s obligations and duties hereunder in connection with the provision and performance of the Services (the “Expenses”) shall be payable by the Fund out of the Fund Property.
The omission of such a provision from any such written agreement shall not operate to impose personal liability on the Trustee, ECT, the ECT Trustees, the Administrator, any Unitholder or any Fund Annuitant.
If the ECT Trustees expressly disapprove of, or otherwise fail to approve, the revised Annual Management Plan, the Manager shall continue to follow the then current Annual Management Plan.
To be effective, such revised Annual Management Plan must be approved by a majority of the ECT Trustees, and the ECT Trustees shall, in writing and within 20 days after submission of such revised Annual Management Plan, advise the Manager as to whether the revised Annual Management Plan has been approved or disapproved.
The rights conferred by any such provision shall be enforced by the Manager for its benefit and the benefit of ECT, and shall be held in trust and enforced by the Manager for the benefit the ECT Trustees, holders of ECT Units and any annuitant.
The omission of such a provision from any such written agreement shall not operate to impose personal liability on the ECT Trustees, the Manager or any holder of ECT Units or any annuitant.
Upon reasonable prior notice by ECT to the Manager, the Manager shall make available to the ECT Trustees and ECT’s authorized representatives, for examination during normal business hours on a Business Day, all books, records and documents required to be maintained under Section 4.01, wherever maintained.