Examples of Series Designation Notice in a sentence
To the extent that any of the terms or provisions of a Series Supplement or Series Designation Notice conflict with any of the terms or provisions of the Titling Company Agreement, the terms or provisions of such Series Supplement or Series Designation Notice shall control with respect to such Series.
The terms and provisions of each Series Supplement (including this Series Supplement) and Series Designation Notice may have the effect of altering, supplementing or amending the terms and provisions of the Titling Company Agreement with respect to the Series governed or established thereby, but shall not alter, supplement or amend the terms of the Titling Company Agreement with respect to any other Series.
For all purposes of the Act, the Titling Company Agreement, together with each Series Supplement (including this [ ] Series Supplement) and Series Designation Notice, shall constitute the “limited liability company agreement” of the Company within the meaning of the Act.
On the Series Issue Date for a Series Interest, the Company will issue the related Certificates to the Persons named in the Series Designation Notice for such Series Interest.
To the extent that any of the terms or provisions of a Series Supplement or Series Designation Notice conflict with any of the terms or provisions of this Agreement, the terms or provisions of such Series Supplement or Series Designation Notice shall control with respect to such Series.
Notwithstanding any other provision of this Agreement, the terms and provisions of each Series Supplement and Series Designation Notice may have the effect of altering, supplementing or amending the terms and provisions of this Agreement with respect to the Series governed or established thereby, but shall not alter, supplement or amend the terms of this Agreement with respect to any other Series.
Nothing in this Section 9.1 shall restrict the entry into or apply to any Series Supplement or any Series Designation Notice entered into in accordance with this Agreement (which Series Supplements and Series Designation Notices may, for the avoidance of doubt, alter, supplement or amend the terms of this Agreement with respect to the particular Series notwithstanding the provisions of this Section 9.1 or any other provision of this Agreement).
Capitalized terms used but not defined in this Series Designation Notice are defined in the Trust Agreement, which also contains rules as to usage that are applicable herein.
The Settlor hereby directs the Administrative Trustee to designate (a) a separate series of Series Interest of the Titling Trust entitled the “Series CSA Interest” and (b) a separate series of Series Interest of the Titling Trust entitled the “Series 2011 Interest,” and shall deliver to the Administrative Trustee on the date hereof a Series Designation Notice for each such Series Interest setting forth the respective terms thereof.
The Owner Trustee agrees to act as a trustee of the Trust for the benefit of the holders of all or part of the applicable Series, subject to the terms and conditions of this Agreement, upon receipt of a Series Designation Notice.