Individual Trustee definition

Individual Trustee. Xxxxxxx X. Xxxxxx, as Individual Trustee under the Trust Agreement, and his successors pursuant to the Trust Agreement.

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

Individual Trustee has the meaning specified in the recital of the parties hereto.

Examples of Individual Trustee in a sentence

• A person named as a successor Corporate Trustee or Individual Trustee shall be considered unable or unwilling to act if (i) he, she or it notifies the Corporate Trustee in writing that he, she or it is unwilling to serve, or (ii) he, she or it fails to accept such appointment within fifteen (15) days of being notified of such appointment.

• The resignation or removal of an Individual Trustee of the Oversight Board Trust shall be deemed to be the resignation or removal of such individual as an Individual Manager.

• The Corporate Trustee shall serve as Corporate Trustee and as sole Individual Trustee for the period provided in Section 6.2.3.(a).

• There shall at all times be an Individual Trustee who is designated as Chairperson, and the Settlor shall designate a successor Chairperson immediately upon the removal of such designation from an Individual Trustee or within thirty (30) days following the resignation, removal, death or disability of the Individual Trustee who is then serving as Chairperson, as the case may be.

• If an Individual Trustee is serving as a member of the Investment Committee and he or she ceases to act as an Individual Trustee, he or she shall also cease to be a member of the Investment Committee.

More Definitions of Individual Trustee

Individual Trustee. Xxxxxxx X. Xxxxxx, in his capacity as individual trustee under this Trust Agreement, and any successor indi- vidual trustee appointed hereunder.

Individual Trustee means such person as is required by applicable state law to perform the functions of Individual Trustee pursuant to Section 51 hereof.

Individual Trustee and together with the Corporate Trustee, the “Collateral Trustees”) pursuant to the Second Amended and Restated Security Agreement dated as of April 2, 2007 executed by the Beneficiary and other parties thereto, as Grantor, in favor of the Collateral Trustees, as such agreement may be amended, amended and restated, supplemented or otherwise modified from time to time (the “Security Agreement”). We hereby agree to pay, irrespective of, and without deduction for, any counterclaim, defense, recoupment or set-off, all proceeds of the Letter of Credit that would otherwise be paid to the Beneficiary directly to the Collateral Trustees to the following account: [ ] [ ] [ ] [ ] We hereby confirm and agree that the Letter of Credit is, and shall continue to be, in full force and effect and is hereby ratified and confirmed in all respects and that the Collateral Trustees shall have no liability or obligation under or with respect to the Letter of Credit or any document related thereto as a result of this consent letter, the Security Agreement or otherwise. This consent letter may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute but one and the same consent letter. Delivery of an executed counterpart of a signature page to this consent letter by telecopier shall be effective as delivery of an original executed counterpart of this consent letter. This consent letter shall be governed by, and construed in accordance with, the laws of the State of New York. [NAME OF ISSUING BANK] By: Name: Title: Dynegy Shared Security Agreement 2 [NAME OF NOMINATED PERSON] By: Name: Title: The above is acknowledged and agreed to: [NAME OF GRANTOR/BENEFICIARY] By Name: Title: Address for Notices: Dynegy Shared Security Agreement

Individual Trustee means one of the individual persons serving as a trustee of the Oversight Board Trust from time to time, and any reference to an Individual Trustee shall be solely in said Individual Trustee's capacity as Member of the Company.

Individual Trustee means a natural person serving as trustee. “Corporate trustee” means a bank, trust company, financial institution or other corporation or entity serving as trustee. When a corporate trustee merges, is acquired, changes its name or otherwise is reorganized, its successor or assignee shall serve in its place.

Individual Trustee means XXXXXXXXXX and permitted successor hereunder.

Individual Trustee. Successor Trustee", "Co-Trustee" and "Separate Trustee" in this Mortgage are deleted in their entirety as to the Mortgaged Properties located in Florida. It is the intention of the parties that this Mortgage shall be a mortgage and not a deed of trust with respect to the Mortgaged Properties located in Florida and that the Lender shall have all of the rights and remedies respectively granted herein to the above-identified trustee.