Examples of Trustee Bank in a sentence
Notwithstanding the above, in the event that the Borrower fails to pay the Fee and/or reimburse the Expenses when due and payable and in the event of sufficient funds being not available in the related trust and retention account, the Lender shall, upon receipt of written notice thereof given by the Trustee Bank stating the Fee and Expenses due, pay to the Trustee Bank such Fee and Expenses.
The Lender, [the ESCO/Host]39, Trustee Bank and the Borrower have prior to execution this TRA Agreement agreed on the detailed mandates, terms and conditions and operating procedures stated herein for the Trust and Retention Account under the ESPC, EE Loan Agreement and the Financing Documents.
The obligations of the Borrower under this Clause 10 to indemnify and keep indemnified the Trustee Bank shall survive the satisfaction, discharge or other termination of this TRA Agreement and the resignation or removal of the Trustee Bank under this TRA Agreement.
The Borrower and [ESCO[/[Host]13 also hereby declares that all rights, title and interests in and to the Trust and Retention Account, the documents relating to the Authorised Investments, funds in the Trust and Retention Account and investments made with funds from the Trust and Retention Account shall be vested in the Trustee Bank and held in trust for the Lender and the Borrower and [ESCO]/[Host]14 in pursuance of the terms of TRA Agreement.
The Parties hereby acknowledge and agree that the Borrower will pay to the Trustee Bank mutually agreed fee for services performed by the Trustee Bank pursuant to this TRA Agreement (the "Fee") and to pay/reimburse all out-of-pocket, legal, traveling and other costs, charges and expenses (the "Expenses") incurred by the Trustee Bank in the discharge of its duties under this TRA Agreement.