Retiring Trustee definition

Retiring Trustee means a Trustee that resigns or vacates the office of Trustee for any reason.
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Retiring Trustee has the meaning specified in Section 6.08(b) of the Indenture.
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Retiring Trustee means the Trustee, during the period following its resignation and removal, but prior to the effective date of the appointment of a successor Trustee.
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Examples of Retiring Trustee in a sentence

  • She introduced Jamie Aubrey and Sean Boyles who were present.c. Recognition of Retiring Trustee John SargentChair Gebhardt said it was difficult to say goodbye.

  • The Retiring Trustee hereby transfers, assigns and novates in favour of the New Trustee all of its rights, title and interest as trustee in the assets of the Fund and hereby agrees to promptly execute any and all documentation and to do all other things as may be necessary to procure such transfer, assignment and novation of such assets in favour of the New Trustee on or as soon as reasonably practicable after the Effective Date.

  • The Trust Deed will be amended by a deed of retirement and appointment of trustee and variation (“Deed of Retirement and Appointment”) to reflect the retirement of the Retiring Trustee and the appointment of the New Trustee and other consequential amendments.

  • The Manager and the Distributor, in exercise of the power in that behalf conferred upon them by Clause 33(b) of the Trust Deed, hereby jointly appoint the New Trustee as a trustee of the Fund to act in the place of the Retiring Trustee who hereby retires and is discharged from the trusts of the Fund with effect from the Effective Date.

  • It is agreed that, with effect from the Effective Date, subject to the provisions of the Supplemental Deed (as extracted below), the Retiring Trustee retires and is released and discharged from further performance of its obligations and duties as trustee of the Trust but without prejudice to the rights of the Manager or of any Holder, former Holder or other person in respect of any act or omission accrued prior to such retirement.

  • The Manager agrees to appoint the New Trustee as replacement trustee in place of the Retiring Trustee with effect on and from the Effective Date.

  • The retirement of the Retiring Trustee will only take effect at the same time as the New Trustee takes up office.

  • For the avoidance of doubt, all the indemnities provided to the Retiring Trustee under the Trust Deed shall to the fullest extent permitted by law, continue to apply after the retirement of the Retiring Trustee, and the Retiring Trustee shall continue to be entitled to, and enjoy the benefit of, all such indemnities after its retirement for any liability that the Retiring Trustee may have incurred pursuant to the exercise of its powers and duties under the Trust Deed or at law.

  • Subject to paragraph (d) below, the Retiring Trustee confirms that, as of the Effective Date, there are no outstanding claims in respect of any trustee fees and charges accrued and payable during its term of service that have not been paid.

  • The aforesaid retirement and appointment are made on a voluntary basis upon discussion among the Manager, the Retiring Trustee and the New Trustee.


More Definitions of Retiring Trustee

Retiring Trustee. 7.8 "Series" 2.1 "Successor Issuer" 5.1(i)
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Retiring Trustee which expression shall where the context permits include any New Trustee as defined below) shall retire as a trustee of either Trust he hereby undertakes with the Buyer immediately prior to his so retiring to obtain from any person or persons replacing him (the "NEW TRUSTEE") a covenant to the Buyer and the Retiring Trustee to be bound by this agreement and all the obligations of the Retiring Trustee hereunder in place of the Retiring Trustee and on the giving of such a covenant by the New Trustee the Retiring Trustee shall (except in relation to any claim notice of which has previously been given) thereupon be discharged from all or any liability under this agreement or under the Tax Deed.
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Retiring Trustee has the meaning ascribed thereto in subsection 3.6.4;
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Related to Retiring Trustee

  • Continuing Trustee means any member of the Board of Trustees who either (a) has been a member of the Board of Trustees for a period of at least thirty-six months (or since the commencement of the Trust’s operations, if less than thirty-six months) or (b) was nominated to serve as a member of the Board of Trustees by a majority of the Continuing Trustees then members of the Board of Trustees.

  • NIM Trustee The trustee for the NIM Securities.

  • Relevant Trustee shall have the meaning specified in Section 8.10.

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

  • Supplemental Agent has the meaning set forth in Section 9.14(a) and “Supplemental Agents” shall have the corresponding meaning.

  • Administrative Trustee means each of the Persons identified as an “Administrative Trustee” in the preamble to this Trust Agreement, solely in each such Person’s capacity as Administrative Trustee of the Trust and not in such Person’s individual capacity, or any successor Administrative Trustee appointed as herein provided.

  • Independent Trustee means a Trustee who is not an interested person within the meaning of Section 2(a)(19) of the Investment Company Act.

  • Rights Agent shall have the meaning set forth in the Preamble.

  • Transfer Agent and Registrar shall have the meaning set forth in Section 2.5(e) hereof.

  • Appointed Trustee means each person acting in a Corporate Trust Capacity under each applicable Corporate Trust Contract.

  • 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.

  • Existing Agent has the meaning assigned to such term in the recitals hereto.

  • U.S. Trustee means the Office of the United States Trustee for the District of Delaware.

  • 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.

  • Trust Agent means U.S. Bank, as Trust Agent under the Titling Trust Agreement.

  • Liquidating Trustee has the meaning set forth in Section 6.2(a).

  • Canadian Trustee means the Person named as the “Canadian Trustee” in the first paragraph of this Indenture until a successor Canadian Trustee shall have become such pursuant to the applicable provisions of this Indenture, and thereafter “Canadian Trustee” shall mean or include each Person who is then a Canadian Trustee hereunder; provided, however, that if at any time there is more than one such Person, “Canadian Trustee” as used with respect to the Securities of any series shall mean only the Canadian Trustee with respect to Securities of that series.

  • Collateral Trustee has the meaning set forth in the preamble.

  • Grantee Agents means Xxxxxxx’s representatives, employees, officers, as well as any contractor or subgrantee's employees, contractors, officers, principals and agents.

  • Co-Rights Agents shall have the meaning ascribed thereto in Subsection 4.1(a);

  • Global Agent has the meaning specified in the preamble, and any duly qualified and appointed successor or successors of U.S. Bank thereto.

  • Successor Trustee means a successor Trustee possessing the qualifications to act as Trustee under Section 4.01.

  • Fiscal Agent means the Fiscal Agent, if any, designated pursuant to the terms of the Policy.

  • relevant trust means a trust established out of funds provided by the Secretary of State in respect of persons who suffered, or who are suffering, from variant Creutzfeldt-Jakob disease for the benefit of persons eligible for payments in accordance with its provisions;

  • Liquidation Trustee means the trustee appointed jointly by the Debtors and the Creditors’ Committee, and identified in the Plan Supplement, to serve as the liquidation trustee under the Liquidation Trust Agreement, or any successor appointed in accordance with the terms of the Plan and Liquidation Trust Agreement.

  • Collateral Agent as defined in the preamble hereto.