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.