Signatory Trustee definition

Signatory Trustee means the Owner Trustee or such other trustee as the Controlling Trustees shall from time to time direct in accordance with the Trust Agreement.

Signatory Trustee has the meaning given to such term in Section 4.8.

Signatory Trustee has the meaning given to such term in the Trust Agreement.

Examples of Signatory Trustee in a sentence

• The Signatory Trustee may delegate the authority to take any and all of the foregoing actions to any Person who shall perform such actions under the supervision of the Signatory Trustee.

• Nevertheless, prior to the Signatory Trustee entering into a binding contract to sell or convey the Real Estate, the Signatory Trustee shall notify the Investors of such potential transaction and solicit the Investors’ views on the transaction.

• The Signatory Trustee shall manage, control, dispose of or otherwise deal with the Trust Property consistent with its duties to conserve and protect the Trust Property, subject to any restrictions provided in the Loan Documents, or otherwise provided in this Trust Agreement.

• Any sale or other conveyance of the Trust Property or any part thereof by the Signatory Trustee made pursuant to the terms of this Trust Agreement shall bind the Investors and be effective to transfer or convey all rights, title and interest of the Trustees and the Investors in and to the Trust Property.

• The Signatory Trustee shall consider the Investors’ views and opinions in good faith, but not be bound by such opinions and the decision to enter into the transaction or not rests solely with the Signatory Trustee.

• Notwithstanding Section 9.01, if the Signatory Trustee determines that the Investors are at risk of losing all or a substantial portion of their investment in the Interests, and the Signatory Trustee is prohibited from taking actions to cure or mitigate the events causing such risk by reason of the restrictions set forth in Section 7.03 hereof, the Signatory Trustee shall terminate the Trust and distribute the Trust Property to the Investors in the manner provided in Section 9.03 hereof.

• The Signatory Trustee shall keep customary and appropriate books and records relating to the Trust and the Trust Property and shall certify reports regarding same to the Lender, if required by the Loan Documents.

• Other than the asset management fee and the disposition fee payable pursuant to the Asset Management Agreement, the Signatory Trustee shall serve without any other compensation.

• The Signatory Trustee shall distribute all available cash to the Investors in accordance with their respective Percentage Interests on a quarterly basis, after paying or reimbursing the Trustees for any fees or expenses paid or incurred by the Trustees on behalf of the Trust (including, but not limited to, operating expenses) and retaining such additional amounts as are reasonably necessary to pay anticipated ordinary current and future Trust expenses (“Reserves”).

• The Signatory Trustee shall maintain separate books and records for each Investor’s Interest and shall provide reports of income and expenses to each Investor as necessary for such Investor to prepare such Investor’s income tax returns regarding the Trust Property.

More Definitions of Signatory Trustee

Signatory Trustee means ESA Canada Administrator L.L.C., a Delaware limited liability company, together with its successors and permitted assigns.

Signatory Trustee shall have the meaning set forth in the introductory paragraph hereto.

Signatory Trustee means River Forest Grocery – GK Services LLC, a Delaware limited liability company, or the person serving, at the time of determination, as the signatory trustee, administrative manager or administrative trustee (as applicable) under Borrower's Trust Agreement.

Signatory Trustee shall have the meaning set forth in the Preamble of this Trust Agreement.