Examples of Existing Trustee in a sentence
Except as otherwise expressly provided in any other document to which the Existing Trustee is a party, the Transferred Trustee Interest is assigned and transferred to the New Trustee pursuant to this Instrument “AS IS” and “WHERE IS”.
International Registry Each of the Existing Trustee, the New Trustee and the Beneficiary shall cooperate to make any and all registrations with the International Registry to carry out the purpose and intent of the assignment and transfer of the Aircraft Equipment, and expressly consents to such registration(s) with respect to the Aircraft Equipment.
If checked, this Instrument effects the REMOVAL of the Existing Trustee.
With effect from the Effective Time, the Existing Trustee assigns and transfers to the New Trustee all of its rights, title and interest in, to and under the Transferred Trustee Interest (including the Aircraft Equipment, if any, identified in Schedule 3 (Aircraft Equipment) and any other Aircraft Equipment), and the New Trustee accepts such assignment and transfer.
If, as determined by the checked box in Schedule 5 (Trustee Resignation/Removal), the Existing Trustee is being removed, the Beneficiary represents and warrants to the New Trustee, its successors and assigns that at the Effective Time all Relevant Non-US Persons, together, have no more than twenty five percent of the aggregate power to direct or remove the Trustee.