Common use of Multiple Trustees Clause in Contracts

Multiple 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 and any of the other Current Issuer Transaction Documents in the Note Trustee generally.

Appears in 17 contracts

Sources: Issuer Trust Deed (Granite Mortgages 04-1 PLC), Issuer Trust Deed (Granite Mortgages 03-3 PLC), Issuer Trust Deed (Granite Mortgages 04-2 PLC)

Multiple 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 this Second Priority Funding Deed of Charge and any of the other Current Issuer Funding Transaction Documents in the Note Security Trustee generally.

Appears in 4 contracts

Sources: Second Priority Funding Deed of Charge (Granite Mortgages 04-1 PLC), Second Priority Funding Deed of Charge (Granite Mortgages 04-3 PLC), Second Priority Funding Deed of Charge (Granite Mortgages 04-1 PLC)

Multiple 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 any discretion vested by these presents and any of the other Current Issuer Transaction Documents in the Note Trustee generally.

Appears in 3 contracts

Sources: Second Amended Issuer Trust Deed (Granite Finance Trustees LTD), Issuer Trust Deed (Granite Finance Trustees LTD), Issuer Trust Deed (Granite Finance Funding 2 LTD)

Multiple 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 and any of the other Current Issuer Transaction Documents in the Note Issuer Security Trustee generally.

Appears in 3 contracts

Sources: Issuer Deed of Charge (Granite Finance Trustees LTD), Issuer Deed of Charge (Granite Finance Trustees LTD), Issuer Deed of Charge (Granite Finance Funding 2 LTD)

Multiple 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 this Deed and any of the other Current Issuer Transaction Documents in the Note Security Trustee generally.

Appears in 1 contract

Sources: Fund (Holmes Financing No 6 PLC)

Multiple 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 this Funding Deed of Charge and any of the other Current Issuer Funding Transaction Documents in the Note Security Trustee generally.

Appears in 1 contract

Sources: Funding Deed of Charge (Granite Mortgages 03-2 PLC)