Bankruptcy Trustees Sample Clauses

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
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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

  • 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.

  • Co-Trustees The Trustee may, despite Clause 16.1, by notice in writing to the Issuer appoint anyone to act as a separate trustee or as an additional trustee jointly with the Trustee:

  • Delaware Trustee The name and business address of the trustee of the Trust in the State of Delaware is Wilmington Trust Company, Xxxxxx Square North, 0000 Xxxxx Xxxxxx Xxxxxx, Xxxxxxxxxx, Xxxxxxxx 00000-0000.

  • 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.

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