Decisions of Trustees Sample Clauses

Decisions of Trustees. It is expected that decisions of Trustees shall be unanimous, but where this is not possible, approval of the majority of the Trustees shall be necessary to make decisions except as provided in Article 17.3(c). Decisions of Trustees may only be made at a meeting of Trustees. Any question arising in connection with the Trust not specifically provided for in this Agreement shall be left to a decision of the Trustees. If fewer than two (2) Trustees vote in favour of a motion, the motion shall be defeated and the Trustees shall not reconsider the same motion for six (6) months.
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Decisions of Trustees. Except as otherwise specifically provided for in Section 12.1, it shall not be necessary for the Trustees to hold meetings to arrive at any decision, but all decisions of the Trustees shall be made by Ordinary Resolution, unless otherwise expressly provided in this Agreement. Any written resolution of Trustees may be executed by facsimile transmission or in any number of counterparts, or both, each of which shall be deemed to be an original and all of which shall together constitute but one and the same written resolution.
Decisions of Trustees. If there shall be more than one body corporate or individuals as trustees of the Scheme:

Related to Decisions 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.

  • 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.

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