Common use of Delaware Trustee Clause in Contracts

Delaware Trustee. Notwithstanding any other provision of this Trust Agreement other than Section 6.2, the Delaware Trustee shall not be entitled to exercise any powers, nor shall the Delaware Trustee have any of the duties and responsibilities of the Administrative Trustees or the Property Trustee described in this Trust Agreement. Except as set forth in Section 6.2, the Delaware Trustee shall be a Trustee for the sole and limited purpose of fulfilling the requirements of Section 3807(a) of the Delaware Statutory Trust Act. In the event the Delaware Trustee shall at any time be required to take any action or perform any duty hereunder with respect to the Trust, the Delaware Trustee shall be entitled to all of the same rights as the Property Trustee listed in Section 3.9(b) and Section 3.10.

Appears in 8 contracts

Sources: Trust Agreement (Us Bancorp \De\), Trust Agreement (USB Capital XII), Trust Agreement (Us Bancorp \De\)

Delaware Trustee. Notwithstanding any other provision of this Trust Agreement other than Section 6.2, the Delaware Trustee shall not be entitled to exercise any powers, nor shall the Delaware Trustee have any of the duties and responsibilities of the Administrative Trustees or the Property Trustee described in this Trust Agreement. Except as set forth in Section 6.2, the Delaware Trustee shall be a Trustee for the sole and limited purpose of fulfilling the requirements of Section 3807(a) of the Delaware Statutory Business Trust Act. In the event the Delaware Trustee shall at any time be required to take any action or perform any duty hereunder with respect to the Trust, the Delaware Trustee shall be entitled to all of the same rights as the Property Trustee listed in Section 3.9(b) and Section 3.10.

Appears in 7 contracts

Sources: Trust Agreement (Banknorth Capital Trust Ii), Trust Agreement (Banknorth Group Inc/Me), Trust Agreement (Associated Banc-Corp)

Delaware Trustee. Notwithstanding any other provision of this Trust Agreement other than Section 6.2, the Delaware Trustee shall not be entitled to exercise any powers, nor shall the Delaware Trustee have any of the duties and responsibilities of the Administrative Trustees or the Property Trustee described in this Trust Agreement. Except as set forth in Section 6.2, the Delaware Trustee shall be a Trustee for the sole and limited purpose of fulfilling the requirements of Section 3807(a) of the Delaware Statutory Trust Act. In the event the Delaware Trustee shall at any time be required to take any action or perform any duty hereunder with respect to the Trust, the Delaware Trustee shall be entitled to all of the same rights as the Property Trustee listed in Section 3.9(b) and Section 3.10.

Appears in 5 contracts

Sources: Trust Agreement (Merrill Lynch & Co Inc), Trust Agreement (Merrill Lynch Capital Trust II), Trust Agreement (Merrill Lynch & Co Inc)

Delaware Trustee. Notwithstanding any other provision of this Trust Agreement other than Section 6.25.2, the Delaware Trustee shall not be entitled to exercise any powers, nor shall the Delaware Trustee have any of the duties and responsibilities of the Administrative Trustees or the Property Trustee described in this Trust AgreementAgreement (except as required under the Statutory Trust Act). Except as set forth in Section 6.25.2, the Delaware Trustee shall be a Trustee for the sole and limited purpose of fulfilling the requirements of Section 3807(a) 3807 of the Delaware Statutory Trust Act. In the event the Delaware Trustee shall at any time be required to take any action or perform any duty hereunder with respect to the Trusthereunder, the Delaware Trustee shall be entitled to all the benefits of the same rights as the Property Trustee listed in Section 3.9(b3.9(b)(ii) to (viii), inclusive, and Section 3.10. No implied covenants or obligations shall be read into this Trust Agreement against the Delaware Trustee.

Appears in 4 contracts

Sources: Trust Agreement (Webster Capital Trust VII), Trust Agreement (Webster Capital Trust Vi), Trust Agreement (Webster Capital Trust Vi)

Delaware Trustee. Notwithstanding any other provision of this Trust Agreement other than Section 6.27.2, the Delaware Trustee shall not be entitled to exercise any powers, nor shall the Delaware Trustee have any of the duties duties, liabilities and responsibilities or the authority of the Administrative Regular Trustees or the Property Trustee described in this Trust Agreement. Except as set forth in Section 6.27.2, the Delaware Trustee shall be a Trustee for the sole and limited purpose of fulfilling the requirements of Section 3807(a) 3807 of the Delaware Statutory Business Trust Act. In no event shall the event Property Trustee or the Delaware Trustee shall at be liable for any time be required to take act or omission of any action or perform any duty hereunder with respect to the Trust, the Delaware Trustee shall be entitled to all of the same rights as the Property Trustee listed in Section 3.9(b) and Section 3.10Regular Trustees hereunder.

Appears in 4 contracts

Sources: Trust Agreement (Met Ed Capital Trust), Trust Agreement (Metropolitan Edison Co), Trust Agreement (Pennsylvania Electric Co)

Delaware Trustee. Notwithstanding any other provision of this Trust Agreement other than Section 6.25.2, the Delaware Trustee shall not be entitled to exercise any powers, nor shall the Delaware Trustee have any of the duties and responsibilities of the Administrative Trustees or the Property Trustee described in this Trust AgreementAgreement (except as required under the Statutory Trust Act). Except as set forth in Section 6.25.2, the Delaware Trustee shall be a Trustee for the sole and limited purpose of fulfilling the requirements of Section 3807(a) 3807 of the Delaware Statutory Trust Act. In the event the Delaware Trustee shall at any time be required to take any action or perform any duty hereunder with respect to the Trusthereunder, the Delaware Trustee shall be entitled to all the benefits of the same rights as the Property Trustee listed in Section 3.9(b3.9(b)(ii) to (viii), inclusive, and Section 3.10.Section

Appears in 3 contracts

Sources: Trust Agreement (Webster Financial Corp), Trust Agreement (Webster Financial Corp), Trust Agreement (Webster Financial Corp)

Delaware Trustee. Notwithstanding any other provision of this Trust Agreement other than Section 6.25.2, the Delaware Trustee shall not be entitled to exercise any powers, nor shall the Delaware Trustee have any of the duties and responsibilities of the Administrative Trustees or the Property Trustee described in this Trust Agreement. Except as set forth in Section 6.25.2, the Delaware Trustee shall be a Trustee for the sole and limited purpose of fulfilling the requirements of Section 3807(a) 3807 of the Statutory Trust Act and taking such actions as are required to be taken by the Delaware Trustee under the Statutory Trust Act. In the event the Delaware Trustee shall at any time be required to take any action or perform any duty hereunder with respect to the Trusthereunder, the Delaware Trustee shall be entitled to all the benefits of the same rights as the Property Trustee listed in Section 3.9(b3.9(b)(ii) through (vii) and Section 3.10. No implied covenants or obligations shall be read into this Trust Agreement against the Delaware Trustee.

Appears in 2 contracts

Sources: Trust Agreement (ServisFirst Bancshares, Inc.), Trust Agreement (ServisFirst Bancshares, Inc.)

Delaware Trustee. Notwithstanding any other provision of this Trust Agreement other than Section 6.25.2, the Delaware Trustee shall not be entitled to exercise any powers, nor shall the Delaware Trustee have any of the duties and responsibilities of the Administrative Trustees or the Property Trustee described in this Trust Agreement. Except as set forth in Section 6.25.2, the Delaware Trustee shall be a Trustee for the sole and limited purpose of fulfilling the requirements of Section 3807(a) (S)3807 of the Business Trust Act and taking such actions as are required to be taken by the Delaware Statutory Trustee under the Business Trust Act. In the event the Delaware Trustee shall at any time be required to take any action or perform any duty hereunder with respect to the Trusthereunder, the Delaware Trustee shall be entitled to all the benefits of the same rights as the Property Trustee listed in Section 3.9(b3.9(b)(ii) through (vii) and Section 3.10. No implied covenants or obligations shall be read into this Trust Agreement against the Delaware Trustee.

Appears in 2 contracts

Sources: Trust Agreement (New South Capital Trust I), Trust Agreement (New South Capital Trust I)

Delaware Trustee. Notwithstanding any other provision of this Trust Agreement other than Section 6.25.2, the Delaware Trustee shall not be entitled to exercise any powers, nor shall the Delaware Trustee have any of the duties and responsibilities of the Administrative Trustees or (except as required under the Property Trustee Statutory Trust Act) described in this Trust Agreement. Except as set forth in Section 6.25.2, the Delaware Trustee shall be a Trustee for the sole and limited purpose of fulfilling the requirements of Section 3807(a) 3807 of the Delaware Statutory Trust Act. In the event that the Delaware Trustee shall at any time be required to take any action or perform any duty hereunder with respect to the Trusthereunder, the Delaware Trustee shall be entitled to all the benefits of the same rights as the Property Trustee listed in Section 3.9(b3.9(b)(ii) and (viii) and Section 3.10. No implied covenants or obligations shall be read into this Agreement against the Delaware Trustee.

Appears in 2 contracts

Sources: Trust Agreement (Apache Corp), Trust Agreement (Dte Energy Co)

Delaware Trustee. Notwithstanding any other provision of this Trust Agreement other than Section 6.25.2, the Delaware Trustee shall not be entitled to exercise any powers, nor shall the Delaware Trustee have any of the duties and responsibilities of the Administrative Trustees or the Property Trustee described in this Trust Agreement. Except as set forth in Section 6.25.2, the Delaware Trustee shall be a Trustee for the sole and limited purpose of fulfilling the requirements of Section 3807(a) 3807 of the Statutory Trust Act and taking such actions as are required to be taken by the Delaware Trustee under the Statutory Trust Act. In the event that the Delaware Trustee shall at any time be is required to take any action or perform any duty hereunder with respect to the Trusthereunder, the Delaware Trustee shall be entitled to all the benefits of the same rights as the Property Trustee listed in Section 3.9(b3.9(b)(ii) through (viii) and Section 3.103.10 of this Agreement.

Appears in 2 contracts

Sources: Trust Agreement (Berkley W R Corp), Trust Agreement (Berkley W R Corp)

Delaware Trustee. Notwithstanding any other provision of this Trust Agreement other than Section 6.25.2, the Delaware Trustee shall not be entitled to exercise any powers, nor shall the Delaware Trustee have any of the duties and responsibilities of the Administrative Trustees or (except as required under the Property Trustee Delaware Statutory Trust Act) described in this Trust Agreement. Except as set forth in Section 6.25.2, the Delaware Trustee shall be a Trustee for the sole and limited purpose of fulfilling the requirements of Section 3807(a) ss.3807 of the Delaware Statutory Trust Act. In the event that the Delaware Trustee shall at any time be required to take any action or perform any duty hereunder with respect to the Trusthereunder, the Delaware Trustee shall be entitled to all the benefits of the same rights as the Property Trustee listed in Section 3.9(b3.9(b)(ii) and (viii) and Section 3.10. No implied covenants or obligations shall be read into this Agreement against the Delaware Trustee.

Appears in 2 contracts

Sources: Trust Agreement (Detroit Edison Trust I), Trust Agreement (Dte Energy Co)

Delaware Trustee. Notwithstanding any other provision of this Trust Agreement other than Section 6.25.2, the Delaware Trustee shall not be entitled to exercise any powers, nor shall the Delaware Trustee have any of the duties and responsibilities of the Administrative Trustees or the Property Trustee described in this Trust Agreement. Except as set forth in Section 6.25.2, the Delaware Trustee shall be a Trustee for the sole and limited purpose of fulfilling the requirements of Section 3807(a) §3807 of the Statutory Trust Act and taking such actions as are required to be taken by the Delaware Trustee under the Statutory Trust Act. In the event the Delaware Trustee shall at any time be required to take any action or perform any duty hereunder with respect to the Trusthereunder, the Delaware Trustee shall be entitled to all the benefits of the same rights as the Property Trustee listed in Section 3.9(b) and Section 3.10. No implied covenants or obligations shall be read into this Trust Agreement against the Delaware Trustee.

Appears in 2 contracts

Sources: Trust Agreement (Nexity Financial Corp), Trust Agreement (Waccamaw Bankshares Inc)

Delaware Trustee. Notwithstanding any other provision of this Trust Agreement Declaration other than Section 6.2, the Delaware Trustee shall not be entitled to exercise any powers, nor shall the Delaware Trustee have any of the duties and responsibilities of the Administrative Regular Trustees or the Property Trustee described in this Trust AgreementDeclaration. Except as set forth in Section 6.2, the Delaware Trustee shall be a Trustee for the sole and limited purpose of fulfilling the requirements of Section 3807(a) of the Delaware Statutory Business Trust Act. In the event the Delaware Trustee shall at any time be required to take any action or perform any duty hereunder with respect to the Trust, the Delaware Trustee shall be entitled to all of the same rights as the Property Trustee listed in Section 3.9(b) and Section 3.10.

Appears in 2 contracts

Sources: Indenture (Provident Capital Trust Iii), Declaration of Trust (Provident Capital Trust Iv)

Delaware Trustee. Notwithstanding any other provision of this ---------------- Trust Agreement other than Section 6.2, the Delaware Trustee shall not be entitled to exercise any powers, nor shall the Delaware Trustee have any of the duties and responsibilities of the Administrative Regular Trustees or the Property Trustee described in this Trust Agreement. Except as set forth in Section 6.2, the Delaware Trustee shall be a Trustee for the sole and limited purpose of fulfilling the requirements of Section 3807(a) 3807 of the Delaware Statutory Business Trust Act. In no event shall the event Property Trustee or the Delaware Trustee shall at be liable for any time be required to take act or omission of any action or perform any duty hereunder with respect to the Trust, the Delaware Trustee shall be entitled to all of the same rights as the Property Trustee listed in Section 3.9(b) and Section 3.10Regular Trustees hereunder.

Appears in 2 contracts

Sources: Trust Agreement (Hei Preferred Funding L P), Trust Agreement (Hawaiian Electric Industries Inc)

Delaware Trustee. Notwithstanding any other provision of this Trust Agreement Declaration other than Section 6.25.2, the Delaware Trustee shall not be entitled to exercise any powers, nor shall the Delaware Trustee have any of the duties and responsibilities of the Administrative Trustees or the Property Trustee described in this Trust AgreementDeclaration. Except as set forth in Section 6.25.2, the Delaware Trustee shall be a Trustee for the sole and limited purpose of fulfilling the requirements of Section 3807(a) 3807 of the Delaware Statutory Business Trust Act. In the event the Delaware Trustee shall at any time be required to take any action or perform any duty hereunder with respect to the Trusthereunder, the Delaware Trustee shall be entitled to all the benefits of the same rights as the Property Trustee listed in Section 3.9(b3.9(b)(ii)-(viii) and Section 3.10.Section

Appears in 2 contracts

Sources: Declaration of Trust (Progress Capital Trust I), Declaration of Trust (Ml Bancorp Inc)

Delaware Trustee. Notwithstanding any other provision of this Trust Agreement other than Section 6.25.2, the Delaware Trustee shall not be entitled to exercise any powers, nor shall the Delaware Trustee have any of the duties and responsibilities of the Administrative Trustees or (except as required under the Property Trustee Business Trust Act) described in this Trust Agreement. Except as set forth in Section 6.25.2, the Delaware Trustee shall be a Trustee for the sole and limited purpose of fulfilling the requirements of Section 3807(a) 3807 of the Delaware Statutory Business Trust Act. In the event that the Delaware Trustee shall at any time be required to take any action or perform any duty hereunder with respect to the Trusthereunder, the Delaware Trustee shall be entitled to all the benefits of the same rights as the Property Trustee listed in Section 3.9(b3.9(b)(ii) and (viii) and Section 3.10. No implied covenants or obligations shall be read into this Agreement against the Delaware Trustee.

Appears in 2 contracts

Sources: Trust Agreement (Dte Energy Co), Trust Agreement (Apache Trust Ii)

Delaware Trustee. Notwithstanding any other provision of this Trust Agreement other than this Section 6.23.11 and Section 6.02, the Delaware Trustee shall not be entitled to exercise any powers, nor shall the Delaware Trustee have any of the duties and responsibilities of the Administrative Regular Trustees or the Property Trustee described in this Trust Agreement. Except as set forth in this Section 6.23.11 and in Section 6.02, the Delaware Trustee shall be a Trustee for the sole and limited purpose of fulfilling the requirements of Section 3807(a) 3807 of the Delaware Statutory Trust Act. In no event shall the event Property Trustee or the Delaware Trustee shall at be liable for any time be required to take act or omission of any action or perform any duty hereunder with respect to the Trust, the Delaware Trustee shall be entitled to all of the same rights as the Property Trustee listed in Section 3.9(b) and Section 3.10Regular Trustees hereunder.

Appears in 2 contracts

Sources: Trust Agreement (Abn Amro Holding N V), Trust Agreement (Abn Amro Bank Nv)

Delaware Trustee. Notwithstanding any other provision of this Trust Agreement other than Section 6.25.2, the Delaware Trustee shall not be entitled to exercise any powers, nor shall the Delaware Trustee have any of the duties and responsibilities of the Administrative Trustees or (except as required under the Property Trustee Business Trust Act) described in this Trust Agreement. Except as set forth in Section 6.25.2, the Delaware Trustee shall be a Trustee for the sole and limited purpose of fulfilling the requirements of Section 3807(a) ss. 3807 of the Delaware Statutory Business Trust Act. In the event that the Delaware Trustee shall at any time be required to take any action or perform any duty hereunder with respect to the Trusthereunder, the Delaware Trustee shall be entitled to all the benefits of the same rights as the Property Trustee listed in Section 3.9(b3.9(b)(ii) and (viii) and Section 3.10. No implied covenants or obligations shall be read into this Agreement against the Delaware Trustee.

Appears in 1 contract

Sources: Trust Agreement (Dte Energy Co)

Delaware Trustee. Notwithstanding any other provision of this Trust Agreement other than Section 6.23.11, 6.02, the Delaware Trustee shall not be entitled to exercise any powers, nor shall the Delaware Trustee have any of the duties and responsibilities of the Administrative Regular Trustees or the Property Trustee described in this Trust Agreement. Except as set forth in Section 6.23.11, 6.02, the Delaware Trustee shall be a Trustee for the sole and limited purpose of fulfilling the requirements of Section 3807(a) 3807 of the Delaware Statutory Trust Act. In no event shall the event Property Trustee or the Delaware Trustee shall at be liable for any time be required to take act or omission of any action or perform any duty hereunder with respect to the Trust, the Delaware Trustee shall be entitled to all of the same rights as the Property Trustee listed in Section 3.9(b) and Section 3.10Regular Trustees hereunder.

Appears in 1 contract

Sources: Trust Agreement (Abn Amro Bank Nv)

Delaware Trustee. Notwithstanding any other provision of this Trust Agreement other than Section 6.25.2, the Delaware Trustee shall not be entitled to exercise any powers, nor shall the Delaware Trustee have any of the duties and responsibilities of the Administrative Trustees or (except as required under the Property Trustee Business Trust Act) described in this Trust Agreement. Except as set forth in Section 6.25.2, the Delaware Trustee shall be a Trustee for the sole and limited purpose of fulfilling the requirements of Section 3807(a) ss.3807 of the Delaware Statutory Business Trust Act. In the event that the Delaware Trustee shall at any time be required to take any action or perform any duty hereunder with respect to the Trusthereunder, the Delaware Trustee shall be entitled to all the benefits of the same rights as the Property Trustee listed in Section 3.9(b3.9(b)(ii) and (viii) and Section 3.10. No implied covenants or obligations shall be read into this Agreement against the Delaware Trustee.

Appears in 1 contract

Sources: Trust Agreement (Dte Energy Co)

Delaware Trustee. Notwithstanding any other provision of this Trust Agreement other than Section 6.2, the Delaware Trustee shall not be entitled to exercise any powers, nor shall the Delaware Trustee have any of the duties and responsibilities of the Administrative Trustees or the Property Trustee described in this Trust Agreement. Except as set forth in Section 6.2, the Delaware Trustee shall be a Trustee for the sole and limited purpose of fulfilling the requirements of Section 3807(a) of the Delaware Statutory Trust Act. In the event the Delaware Trustee shall at any time be required to take any action or perform any duty hereunder with respect to the Trust, the Delaware Trustee shall be entitled to all of the same rights rights, protections and identities as the Property Trustee listed in Section 3.9(b) and Section 3.103.10 and the other provisions of this Trust Agreement.

Appears in 1 contract

Sources: Trust Agreement (Asbc Capital Ii)

Delaware Trustee. Notwithstanding any other provision of ------------ ---------------- this Trust Agreement other than Section 6.2, the Delaware Trustee shall not be entitled to exercise any powers, nor shall the Delaware Trustee have any of the duties and responsibilities of the Administrative Trustees or the Property Trustee described in this Trust Agreement. Except as set forth in Section 6.2, the Delaware Trustee shall be a Trustee for the sole and limited purpose of fulfilling the requirements of Section 3807(a) of the Delaware Statutory Business Trust Act. In the event the Delaware Trustee shall at any time be required to take any action or perform any duty hereunder with respect to the Trust, the Delaware Trustee shall be entitled to all of the same rights as the Property Trustee listed in Section 3.9(b) and Section 3.10.

Appears in 1 contract

Sources: Trust Agreement (Chittenden Capital Trust I)

Delaware Trustee. Notwithstanding any other provision of this Trust Agreement Declaration other than Section 6.25.2, the Delaware Trustee shall not be entitled to exercise any powers, nor shall the Delaware Trustee have any of the duties and responsibilities of the Administrative Regular Trustees or the Property Trustee described in this Trust AgreementDeclaration. Except as set forth in Section 6.25.2, the Delaware Trustee shall be a Trustee for the sole and limited purpose of fulfilling the requirements of Section 3807(a) 3807 of the Delaware Statutory Business Trust Act. In the event the Delaware Trustee shall at any time be required to take any action or perform any duty hereunder with respect to the Trusthereunder, the Delaware Trustee shall be entitled to all the benefits of the same rights as the Property Trustee listed in Section 3.9(b3.9(b)(ii) to (viii), inclusive, and Section 3.10.Section

Appears in 1 contract

Sources: Declaration of Trust (Suiza Foods Corp)

Delaware Trustee. Notwithstanding any other provision of this Trust Agreement other than Section 6.25.2, the Delaware Trustee shall not be entitled to exercise any powers, nor shall the Delaware Trustee have any of the duties and responsibilities of the Administrative Trustees or the Property Trustee described in this Trust AgreementAgreement (except as required under the Business Trust Act). Except as set forth in Section 6.25.2, the Delaware Trustee shall be a Trustee for the sole and limited purpose of fulfilling the requirements of Section 3807(a) 3807 of the Delaware Statutory Business Trust Act. In the event the Delaware Trustee shall at any time be required to take any action or perform any duty hereunder with respect to the Trusthereunder, the Delaware Trustee shall be entitled to all the benefits of the same rights as the Property Trustee listed in Section 3.9(b3.9(b)(ii) to (viii), inclusive, and Section 3.10.Section

Appears in 1 contract

Sources: Trust Agreement (CNBF Capital Trust I)

Delaware Trustee. Notwithstanding any other provision of this Trust Agreement Declaration other than Section 6.25.2, the Delaware Trustee shall not be entitled to exercise any powers, nor shall the Delaware Trustee have any of the duties and responsibilities of the Administrative Trustees or the Property Trustee described in this Trust AgreementDeclaration. Except as set forth in Section 6.25.2, the Delaware Trustee shall be a Trustee for the sole and limited purpose of fulfilling the requirements of Section 3807(a) ss. 3807 of the Delaware Statutory Business Trust Act. In the event the Delaware Trustee shall at any time be required to take any action or perform any duty hereunder with respect to the Trusthereunder, the Delaware Trustee shall be entitled to all the benefits of the same rights as the Property Trustee listed in Section 3.9(b3.9(b)(ii)-(viii) and Section 3.10. No implied covenants or obligations shall be read into this Declaration against the Delaware Trustee.

Appears in 1 contract

Sources: Declaration of Trust (Mainstreet Bankgroup Inc)

Delaware Trustee. Notwithstanding any other provision of this Trust Agreement other than Section 6.2Declaration, the Delaware Trustee shall not be entitled to exercise any powers, nor shall the Delaware Trustee have any of the duties and responsibilities of the Administrative Trustees or the Property Trustee described in this Trust AgreementDeclaration. Except as set forth in Section 6.2, the The Delaware Trustee shall be a Trustee for the sole and limited purpose of fulfilling the requirements of Section 3807(a) of the Delaware Statutory Business Trust Act. In the event the Delaware Trustee shall at any time be required to take any action or perform any duty hereunder with respect to the Trust, the Delaware Trustee shall be entitled to all of the same rights as the Property Trustee listed in Section 3.9(b) and Section 3.10.

Appears in 1 contract

Sources: Indenture (Comerica Capital Trust Ii)

Delaware Trustee. Notwithstanding any other provision of this Trust Agreement other than Section 6.2, the Delaware Trustee shall not be entitled to exercise any powers, nor shall the Delaware Trustee have any of the duties and responsibilities of the Administrative Trustees or the Property Trustee described in this Trust Agreement. Except as set forth in Section 6.2, the Delaware Trustee shall be a Trustee for the sole and limited purpose of fulfilling the requirements of Section 3807(a) of the Delaware Statutory Trust Act. In the event the Delaware Trustee shall at any time be required to take any action or perform any duty hereunder with respect to the Trust, the Delaware Trustee shall be entitled to all of the same rights as the Property Trustee listed in Section 3.9(b) and Section 3.10.

Appears in 1 contract

Sources: Trust Agreement (Us Bancorp \De\)