Bankruptcy Trustees Sample Clauses

Bankruptcy Trustees. In instances where a member of the LaSalle Settlement Class has filed for bankruptcy under Chapter 7 after obtaining his, her, or their PCC-LaSalle Loan, if the member of the LaSalle Settlement Class opts out of the Settlement, the Chapter 7 bankruptcy trustee shall be deemed to have opted out of the Settlement. Conversely, if the Chapter 7 bankruptcy trustee opts out of the Settlement, the member of the LaSalle Settlement Class shall be deemed to have opted out of the Settlement. If neither the member of the LaSalle Settlement Class nor the Chapter 7 bankruptcy trustee opts out of the Settlement, both shall be bound by the release provisions of Paragraph 6.
Sample 1
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Bankruptcy Trustees. In instances where a member of the DBNTC Trusts Settlement Class has filed for bankruptcy under Chapter 7 after obtaining his, her, or their PCC- DBNTC Trusts Loan, if the member of the DBNTC Trusts Settlement Class opts out of the Settlement, the Chapter 7 bankruptcy trustee shall be deemed to have opted out of the Settlement. Conversely, if the Chapter 7 bankruptcy trustee opts out of the Settlement, the member of the DBNTC Trusts Settlement Class shall be deemed to have opted out of the Settlement. If neither the member of the DBNTC Trusts Settlement Class nor the Chapter 7 bankruptcy trustee opts out of the Settlement, both shall be bound by the Release provisions of Paragraph 6.
Sample 1
Bankruptcy Trustees. In instances where a member of the Countrywide Settlement Class has filed for bankruptcy under Chapter 7 after obtaining his, her, or their PCC- Countrywide Loan, if the member of the Countrywide Settlement Class opts out of the Settlement, the Chapter 7 bankruptcy trustee shall be deemed to have opted out of the Settlement. Conversely, if the Chapter 7 bankruptcy trustee opts out of the Settlement, the member of the Countrywide Settlement Class shall be deemed to have opted out of the Settlement. If neither the member of the Countrywide Settlement Class nor the Chapter 7 bankruptcy trustee opts out of the Settlement, both shall be bound by the Release provisions of Paragraph 6.
Sample 1
Bankruptcy Trustees. In instances where a member of the Wendover Settlement Class has filed for bankruptcy under Chapter 7 after obtaining his, her, or their PCC- Wendover Loan, if the member of the Wendover Settlement Class opts out of the Settlement, the Chapter 7 bankruptcy trustee shall be deemed to have opted out of the Settlement. Conversely, if the Chapter 7 bankruptcy trustee opts out of the Settlement, the member of the Wendover Settlement Class shall be deemed to have opted out of the Settlement. If neither the member of the Wendover Settlement Class nor the Chapter 7 bankruptcy trustee opts out of the Settlement, both shall be bound by the Release provisions of Paragraph 6.
Sample 1

Related to Bankruptcy Trustees

  • Trustees The number of Trustees shall be such number as shall be fixed from time to time by a majority of the Trustees; provided, however, that the number of Trustees shall in no event be less than two (2) nor more than (15). The natural persons who have executed this Agreement shall be the Trustees as of the date hereof.

  • Appointment of Administrator Each Trust hereby appoints EIS as Administrator of the Trust and each of its series listed on SCHEDULE A attached hereto on the terms and conditions set forth in this Agreement; and EIS hereby accepts such appointment and agrees to perform the services and duties set forth in Section 2 of this Agreement in consideration of the compensation provided for in Section 4 hereof.

  • Depositor Structured Asset Securities Corporation, a Delaware corporation having its principal place of business in New York, or its successors in interest.

  • Appointment of Trustee The Depositor hereby appoints the Trustee as trustee of the Trust, effective as of the date hereof, to have all the rights, powers and duties set forth herein.

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