Trustee Direction definition

Trustee Direction applies to all activities of the Trustee or the Paying Agent on and after the Effective Date and means: (i) with respect to any disbursements made hereunder or the execution of any document contemplated hereby, including disbursements for administrative costs of the Litigation Facility and payments required to be made under the Class 6A through 6C Settlement Agreements and the Funding Payment Agreement, a written direction delivered to the Trustee or the Paying Agent and signed by the Claims Administrator, (ii) with respect to investment or settlement instructions, a written direction delivered to the Trustee and signed by the Financial Advisor or an Investment Manager or Managers, identified by the Financial Advisor, (iii) with respect to payment of expenses of the Litigation Facility, a written direction delivered to the Trustee and signed by the Claims Administrator, (iv) with respect to all other functions, including but not limited to the payment of settlements and judgments under the Litigation Facility, but excluding those set forth in Section 1.02(c)(v) and (vi) below, a written direction delivered to the Trustee and signed by a member of the Finance Committee, (v) with respect to tax allocations, a written direction delivered to the Trustee and signed by the Financial Advisor and (vi) with respect to the order of payments from sub-accounts of the Trust Account in Section 5.04, a written direction delivered to the Trustee and signed by the Financial Advisor.
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Trustee Direction has the meaning ascribed to such term in Section 24(f).
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Trustee Direction has the meaning specified in Section 10.5(d).
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Examples of Trustee Direction in a sentence

  • The Financial Advisor shall cause each Investment Manager to deliver a copy of each Trustee Direction to the Trustee by facsimile transmission (receipt confirmed by telephone) as soon as execution of each trade is confirmed by an Investment Manager but no later than 4:00 p.m. (CST) on the business day before the settlement of the trade.

  • The Trustee shall not settle any trade for which it receives a confirmation unless it also has received a complete and conforming Trustee Direction for such trade.

  • Upon the investment maturity of any such investments, the Trustee shall invest the cash proceeds it receives in the “Xxxxx Fargo 100% Treasury Money Market Fund” until it receives a contrary Escrow Account Trustee Direction.

  • The Interim Financial Advisor or the Financial Advisor, if appointed, shall deliver an Escrow Account Trustee Direction to the Trustee prior to the scheduled funding date for each of the deposits described in Section 4.01(a)(i)-(vi) of this Trust Agreement.

  • The Trustee shall not honor a Trustee Direction that requires it to disburse funds for expenses that exceed the total Budget delivered to the Trustee, unless and until the Trustee receives an order from the District Court authorizing a supplemental budget to cover the requested expenditures provided, however, that Investment Expense and taxes of the Trust shall not be charged against or limited by the total Budget.

  • The Trustee shall invest monies held in the Escrow Account in accordance with an Escrow Account Trustee Direction or hold in custody any investments made by an Investment Manager identified for any such sub-account.

  • The Trustee shall not be responsible for any loss of principal or interest resulting from making or disposing of any investments made in accordance with an Escrow Account Trustee Direction, except any such investment where the Trustee, in its individual capacity, is the obligor.

  • Prior to the establishment and District Court approval of the Escrow Budget, all disbursements shall be made as directed in a specific Escrow Account Trustee Direction delivered to the Trustee by the Claims Administrator.

  • Upon receipt of such Escrow Account Trustee Direction, the Trustee shall (i) deem the Article VI operations terminated and shall commence Trust Account operations under Article V and the remaining Articles of this Trust Agreement for administration and disbursement under the Plan and (ii) all sub-accounts established under Section 6.02 hereof shall be deemed to be sub-accounts of the Trust upon receipt by the Trustee of the Escrow Account Trustee Direction referred to in this Section 6.08(a).

  • The investment securities, in book-entry form, purchased in connection with each Escrow Account Trustee Direction shall be delivered to the Trustee’s book-entry account at a Federal Reserve Bank or at a Depository Trust Company.

Related to Trustee Direction

  • Property Trustee Account has the meaning set forth in Section 3.8(c).

  • Bond Trustee means the company designated as such in the preamble to these Bond Terms, or any successor, acting for and on behalf of the Bondholders in accordance with these Bond Terms.

  • Outside Trustee With respect to an Outside Serviced Mortgage Loan, the trustee under the applicable Outside Servicing Agreement.

  • Trustee means any person, including the founder of a trust, to whom property is bequeathed in order for such property to be administered for the benefit of another person.

  • NIM Trustee The trustee for the NIM Securities.

  • Indenture Trustee Fee means a fee that is separately agreed to between the Master Servicer and the Indenture Trustee.

  • Trustee Representatives has the meaning specified in Section 2.05(b).

  • Administration Account As defined in Section 7.02.

  • indenture trustee or “institutional trustee” means the Trustee.

  • Corporate Trust Office of the Trustee shall be at the address of the Trustee specified in Section 12.02 hereof or such other address as to which the Trustee may give notice to the Company.

  • Owner Trustee Corporate Trust Office means the office of the Owner Trustee at which its corporate trust business shall be administered, which initially shall be Xxxxxx Square North, 0000 Xxxxx Xxxxxx Xxxxxx, Xxxxxxxxxx, Xxxxxxxx 00000-0000 Attn: Corporate Trust Administration, or such other office at such other address as the Owner Trustee may designate from time to time by notice to the Certificateholder, the Servicer, the Indenture Trustee, the Trust Depositor and Harley-Davidson Credit.

  • Trustee Functions means the functions set out in paragraph 6;

  • Trustee Acts means both the Trustee Xxx 0000 and the Trustee Xxx 0000 of England and Wales.

  • Lead Depositor means the Depositor under the Lead Securitization Servicing Agreement.

  • Note Trustee means the Person identified as the “Trustee” in the Indenture, solely in its capacity as Trustee pursuant to the Indenture and not in its individual capacity, or its successor in interest in such capacity, or any successor Trustee appointed as provided in the Indenture.

  • Administrative Director refers to that individual or authorized designee, empowered by the State to make final and binding executive decisions on behalf of the State.

  • Trustee Agreement means the trustee agreement entered into on or before the Issue Date, between the Issuer and the Trustee, or any replacement trustee agreement entered into after the Issue Date between the Issuer and a trustee, regarding, inter alia, the remuneration payable to the Trustee or a replacement trustee.

  • Owner Trustee Fee means an annual fee equal to $3,000, payable on the Payment Date occurring in June of each year, commencing in 2017.

  • Bond Trustee Fee Agreement means the agreement entered into between the Issuer and the Bond Trustee relating among other things to the fees to be paid by the Issuer to the Bond Trustee for its obligations relating to the Bonds.

  • Escrow Trustee means the bank or trust company designated by the Fiscal Officer in the Certificate of Award as the initial escrow agent with respect to the Refunded Bonds under the Escrow Agreement and until a successor Escrow Trustee shall have become such pursuant to the provisions of the Escrow Agreement and, thereafter, "Escrow Trustee" shall mean the successor Escrow Trustee.

  • Co-Trustee has the meaning set forth in the Basic Servicing Agreement.

  • Administrative Staff means all persons employed by the University who are categorised in terms of the Statutes as members of the administrative staff;

  • Administration of Medication means the act of placing a medication in or on an individual's body by a staff member who is responsible for the individual's care.

  • Lead Trustee means (a) during the period from and after the Note A-2 Securitization Date and prior to the Note A-1 Securitization Date, the Note A-2 Trustee and, (b) from and after the Note A-1 Securitization Date, the trustee designated under the Note A-1 Securitization.