Master Trustee Sample Clauses
The Master Trustee clause designates a primary trustee responsible for overseeing and managing the assets or obligations held in trust under the agreement. This clause typically outlines the powers, duties, and authority of the Master Trustee, such as administering trust property, making distributions, and ensuring compliance with the trust's terms. By clearly identifying the Master Trustee and their responsibilities, the clause ensures centralized management and accountability, reducing confusion and streamlining trust administration.
Master Trustee. The Master Trustee shall signify its acceptance of the duties and obligations imposed upon it by this Trust Agreement by its execution hereof and, by executing this Trust Agreement, the Master Trustee shall be deemed to have accepted such duties and obligations under this Trust Agreement not only with respect to the Initial Bonds but also with respect to all the Bonds thereafter to be issued, but only, however, upon the terms and conditions set forth in this Trust Agreement.
Master Trustee. IMRF has informed the Master Trustee of the appointment of the Investment Manager in accordance with the provisions of the Master Trust and the Master Trustee, by virtue of its acceptance of the trusteeship, has agreed to act in accordance with the direction of the Investment Manager during the term of this Investment Management Agreement.
Master Trustee. The Bank of New York, as Master Trustee under the Master Trust Indenture.
Master Trustee