Removed Trustee definition
Examples of Removed Trustee in a sentence
Section 8 Duty of Retiring or Removed Trustee A Trustee who resigns or is removed shall turn over to the Trust at the principal office of the Trust any and all records, books, documents, monies and other property in his or her possession or under his or her control which belong to the Trust, or which were received by him or her in his or her capacity as Trustee, if so requested by the Board of Trustees.
In 2017, the Issuer issued its 2017 Refunding Revenue Bonds (the “2017 Bonds”) pursuant to an Indenture of Trust, dated as of December 1, 2017 (the “2017 Indenture”), by and between the Issuer and Removed Trustee.
The Issuer hereby accepts the resignation of Removed Trustee and Resigning Dissemination Agent as Trustee and Dissemination Agent under the Governing Document.
Pursuant to Section 8.01 of the 2017 Indenture and Section 8.03 of the 2012 Trust Agreement, the Issuer has notified Removed Trustee of its removal as Trustee under the Governing Document.