Competence of a Majority of Trustees Sample Clauses

Competence of a Majority of Trustees. Whenever there shall be more than two trustees hereof the majority of such trustees shall (provided such majority includes a trust corporation) be competent to execute and exercise all the trusts, powers, authorities and discretions vested by this Trust Deed in the Trustee generally.
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Competence of a Majority of Trustees. Whenever there shall be more than two trustees hereof the majority of such trustees shall (provided such majority includes a trust corporation) be competent to execute and exercise all the trusts, powers, authorities and discretions vested by these presents in the Trustee generally.
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Competence of a Majority of Trustees. If there are more than two Trustees the majority of them shall be competent to perform the Trustee’s functions provided the majority includes a trust corporation. 18 ECNs held in Clearing Systems and Couponholders
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Competence of a Majority of Trustees. ‌ If there are more than two Trustees the majority of such Trustees shall (provided such majority includes a trust corporation) be competent to execute and exercise all the duties, powers, trusts, authorities and discretions vested by this Principal Trust Deed and/or any Supplemental Trust Deed in the Trustee. 14 Trustee not precluded from entering into Contracts‌ Neither the Trustee nor any director or officer of a corporation acting as a Trustee or holding or associated company of such corporation shall be precluded from acquiring, holding, dealing in or disposing of the Notes, Receipts, Coupons or Talons of such Series or any of them or any shares or securities whatsoever of the Issuer or any other person or from otherwise at any time contracting or entering into any financial or other transactions with the Issuer or any other person or from being interested in any contract or transaction or from accepting and holding the office of trustee for the holders of any securities of the Issuer or any other person (in each case with the same rights as it would have had if the Trustee were not acting) and shall not be liable to account for any profit.
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Competence of a Majority of Trustees. If there are more than 2 Trustees the majority of them shall be competent to perform the Trustee'sTrustee’s functions provided the majority includes a trust corporation.
Sample 1

Related to Competence of a Majority of Trustees

  • 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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