Nominated Trustee definition
Examples of Nominated Trustee in a sentence
In such event, the Trustees shall identify the Nominated Beneficiary of the Geographical Area concerned that received the next highest number of votes in the election referred to in this clause 10.2.3 and that Nominated Beneficiary (hereinafter referred to as the "Replacement Nominated Trustee Elect") shall be put forward to the Master to replace the disqualified Nominated Trustee Elect as a Trustee of the Trust.
Two HFI Nominated Trustees and one BHS Nominated Trustee who shall serve until December 31, 2024.
Two HFI Nominated Trustees and one BHS Nominated Trustee who shall serve until December 31, 2025.
In the event that the Master refuses to grant Letters of Authority to a Nominated Trustee Elect, or requires that security be provided by a Nominated Trustee Elect, that Nominated Trustee Elect shall not be appointed as a Trustee of the Trust.
Two HFI Nominated Trustees and one BHS Nominated Trustee who shall serve until December 31, 2026.
The same process shall be followed if the Master refuses to grant a Letter of Authority to, or requires security from, the Replacement Nominated Trustee Elect.
Against the issue of Letters of Authority in their favour, each Nominated Trustee Elect shall be appointed as a Trustee of the Trust.