Examples of New Trustee in a sentence
New Trustee Item 6.03- Change in Credit Enhancement or External Support Covers termination of any enhancement in manner other than by its terms, the addition of an enhancement, or a material change in the enhancement provided.
The Trustees may, by vote of at least two-thirds of the number of Trustees in office, in their absolute discretion waive the operation of the previous sentence (upon the initial election of a New Trustee in question or at any time during the initial term of a New Trustee), with the effect that a New Trustee may be appointed by the Trustees to serve for a term determined as if that person had already served an initial term of three years.
The New Trustee receive a trustee fee at the rate of 0.075% per annum of the Net Asset Value of the Sub-Fund accrued daily and calculated as at each Dealing Day and payable monthly in arrears, which includes fund administration fee and global custody fee.
With effect from the Effective Time, the Existing Trustee assigns and transfers to the New Trustee all of its rights, title and interest in, to and under the Transferred Trustee Interest (including the Aircraft Equipment, if any, identified in Schedule 3 (Aircraft Equipment) and any other Aircraft Equipment), and the New Trustee accepts such assignment and transfer.
On the Transfer Date, each of the Original Trusts will transfer and assign all of its assets and rights to a substantially identical Successor Trust, and the New Trustee thereof will assume the obligations of the related Original Trustee under each transaction document to which such Original Trustee was a party.