Appointment of Trust Manager Sample Clauses

Appointment of Trust Manager. (i) Pursuant to its powers under the Master Trust Deed (including, without limiting the generality of the foregoing, pursuant to clauses 14.2(i) and ( l) and 14.4(c)), Party B hereby appoints the Trust Manager as its sole and exclusive agent to act on Party B's behalf with respect to this Agreement. The Trust Manager:
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Appointment of Trust Manager. (a) The Trust Manager is appointed, and agrees to act, as the manager of the Trusts on and subject to the terms of this deed and any relevant Series Notice.
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Appointment of Trust Manager. Party A acknowledges that, under the Master Trust Deed, Party B has appointed the Trust Manager as Trust Manager of the Trust, with the powers set out in, and upon and subject to the terms of the Master Trust Deed. Accordingly, subject to the terms of the Master Trust Deed, the Trust Manager may arrange and monitor Transactions and exercise all other rights and powers of Party B under this Agreement provided it keeps Party B informed of actions so taken.
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Appointment of Trust Manager. Party B hereby exclusively appoints the Trust Manager as its attorney to act on Party B's behalf and exercise all rights and powers of Party B with respect to this Agreement other than any amendment of Party B's rights and powers under this Agreement. Without limiting the generality of the foregoing, the Trust Manager may issue and receive on behalf of Party B all notices, certificates and other communications to or by Party A under this Agreement until such time as Party B serves written notice on Party A of the revocation of the Trust Manager's authority to act on behalf of Party B in accordance with this Part 5(21) of the Schedule.
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Appointment of Trust Manager. (a) Effective immediately after the shareholder meeting, AIP shall increase the number of its Trust Managers from five to seven, and MSAM shall have the right to instruct AIP to appoint two Trust Managers selected by MSAM to fill the vacancies caused by the increase in the number of Trust Managers. Additionally, until such time as AIP achieves the equity capitalization described in (b) below, AIP shall use its best efforts to have such designees elected as Trust Managers (which efforts shall include, without limitation, including MSAM's nominee in management's slate for nomination and election and solicitation of proxies on his or her behalf); provided that if the Trust Managers selected by MSAM are not elected by the shareholders of AIP, MSAM shall have full board observation rights including full and timely notice of all meetings of the Trust Managers and each of its committees, copies of all written and other materials disseminated to Trust Managers and the right to designate a person to attend in person or by telephone all meetings of the Trust Managers or their committees. If MSAM receives observation rights pursuant to this Paragraph, MSAM and its designees shall each execute a confidentiality agreement in form and substance reasonably acceptable to AIP. MSAM shall also have observation rights prior to receiving the required Trust Manager appointment in the event any Debt is to be purchased prior to the shareholder meeting.
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Appointment of Trust Manager. 71 18.2 Complete powers of management................................ 71 18.3 Note issuance................................................ 72 18.4 Trust Manager to act in interests of Beneficiary and Noteholders.................................................. 72 18.5 Trust Manager to assist Trustee.............................. 72 18.6 Trust Manager's power to delegate............................ 72 18.7 Trust Manager's power to appoint advisers.................... 73 18.8 Trust Manager's books available to Trustee................... 73 18.9 Trust Manager will account to Trustee for moneys received.... 73 18.10 Trust Manager to report Pool Data on Reuters................. 73 18.11 Trust Manager to prepare notices etc......................... 74 18.12 Prior approval of circulars.................................. 74 18.13 Taxes........................................................ 74 18.14 Acquisition or disposal of Assets............................ 74 18.15 Monitor Support Facilities................................... 74 18.16 Make calculations, co-ordinate and provide reports........... 74 18.17 Trust Manager cannot bind Trustee unless authorised.......... 75 18.18 Trust Manager must perform obligations under other Transaction Documents........................................ 75 18.19 Trust Manager to provide personnel and systems............... 75 18.20 Additional covenants by Trust Manager........................ 75
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Related to Appointment of Trust Manager

  • 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.

  • Appointment of Trustees (A) The power of appointing new trustees shall be vested in the Issuer but a trustee so appointed must in the first place be approved by the Borrower and subsequently by an Extraordinary Resolution or Written Resolution. A trust corporation may be appointed sole trustee hereof but subject thereto there shall be at least two trustees hereof one at least of which shall be a trust corporation. Any appointment of a new trustee hereof shall as soon as practicable thereafter be notified by the Trustee to the Principal Paying Agent and the other Agents and to the Noteholders. The Noteholders shall together have the power, exercisable by Extraordinary Resolution or Written Resolution, to remove any trustee or trustees for the time being hereof. The removal of any trustee shall not become effective unless the Borrower has given its prior written consent thereto and there remains a trustee hereof (being a trust corporation) in office after such removal.

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

  • Vacancies; Appointment of Trustees Whenever a vacancy shall exist in the Board of Trustees, regardless of the reason for such vacancy, the remaining Trustees shall appoint any person as they determine in their sole discretion to fill that vacancy, consistent with the limitations under the 1940 Act. Such appointment shall be made by a written instrument signed by a majority of the Trustees or by a resolution of the Trustees, duly adopted and recorded in the records of the Trust, specifying the effective date of the appointment. The Trustees may appoint a new Trustee as provided above in anticipation of a vacancy expected to occur because of the retirement, resignation or removal of a Trustee, or an increase in number of Trustees, provided that such appointment shall become effective only at or after the expected vacancy occurs. As soon as any such Trustee has accepted his appointment in writing, the trust estate shall vest in the new Trustee, together with the continuing Trustees, without any further act or conveyance, and he shall be deemed a Trustee hereunder. The Trustees' power of appointment is subject to Section 16(a) of the 1940 Act. Whenever a vacancy in the number of Trustees shall occur, until such vacancy is filled as provided in this Article II, the Trustees in office, regardless of their number, shall have all the powers granted to the Trustees and shall discharge all the duties imposed upon the Trustees by the Declaration. The death, declination to serve, resignation, retirement, removal or incapacity of one or more Trustees, or all of them, shall not operate to annul the Trust or to revoke any existing agency created pursuant to the terms of this Declaration of Trust.

  • 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.

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

  • Resignation or Removal of the Trustee; Appointment of Successor Trustee (a) The Trustee may at any time resign as Trustee hereunder by written notice of its election so to do, delivered to the Depositor, and such resignation shall take effect upon the appointment of a successor Trustee and its acceptance of such appointment as hereinafter provided; provided, however, that in the event of such resignation, the Trustee shall (i) assist the Depositor in finding a successor Trustee acceptable to the Depositor and (ii) negotiate in good faith concerning any prepaid but unaccrued fees.

  • Appointment of USBFS as Administrator The Trust hereby appoints USBFS as administrator of the Trust on the terms and conditions set forth in this Agreement, and USBFS hereby accepts such appointment and agrees to perform the services and duties set forth in this Agreement. The services and duties of USBFS shall be confined to those matters expressly set forth herein, and no implied duties are assumed by or may be asserted against USBFS hereunder.

  • Appointment of Co-Trustee It is the purpose of this Indenture that there shall be no violation of any law of any jurisdiction (including particularly the law of the relevant state) denying or restricting the right of banking corporations or associations to transact business as trustee in such jurisdiction. It is recognized that in case of litigation under this Indenture, and in particular in case of the enforcement thereof on default, or in the case the Trustee deems that by reason of any present or future law of any jurisdiction it may not exercise any of the powers, rights or remedies herein granted to the Trustee or hold title to the properties, in trust, as herein granted or take any action which may be desirable or necessary in connection therewith, it may be necessary that the Trustee appoint an individual or institution as a separate or co-trustee. The following provisions of this Section are adopted to these ends. In the event that the Trustee appoints an additional individual or institution as a separate or co-trustee, each and every remedy, power, right, claim, demand, cause of action, immunity, estate, title, interest and lien expressed or intended by this Indenture to be exercised by or vested in or conveyed to the Trustee with respect thereto shall be exercisable by and vest in such separate or co-trustee but only to the extent necessary to enable such separate or co-trustee to exercise such powers, rights and remedies, and only to the extent that the Trustee by the laws of any jurisdiction (including particularly the relevant state) is incapable of exercising such powers, rights and remedies and every covenant and obligation necessary to the exercise thereof by such separate or co-trustee shall run to and be enforceable by either of them. No Trustee hereunder shall be personally liable by reason of any act or omission of any other Trustee hereunder, nor will the act or omission of any Trustee hereunder be imputed to any other Trustee. Should any instrument in writing from the Company be required by the separate or co-trustee so appointed by the Trustee for more fully and certainly vesting in and confirming to such properties, rights, powers, trusts, duties and obligations, any and all such instruments in writing shall, on request, be executed, acknowledged and delivered by the Company at the expense of the Company; provided, that if an Event of Default shall have occurred and be continuing, if the Company does not execute any such instrument within 15 days after a request therefor, the Trustee shall be empowered as an attorney-in-fact for the Company to execute any such instrument in the Company’s name and stead. In case any separate or co-trustee or a successor to either shall die, become incapable of acting, resign or be removed, all the estates, properties, rights, powers, trusts, duties and obligations of such separate or co-trustee, so far as permitted by law, shall vest in and be exercised by the Trustee until the appointment of a new trustee or successor to such separate or co-trustee.

  • Appointment of Administrative Trustees (a) There shall at all times be one or more Administrative Trustees hereunder with respect to the Trust Securities. Each Administrative Trustee shall be either a natural person who is at least 21 years of age or a legal entity that shall act through one or more persons authorized to bind that entity. Each of the individuals identified as an “Administrative Trustee” in the preamble of this Trust Agreement hereby accepts his or her appointment as such.

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