Obligation of Trustee Sample Clauses

Obligation of Trustee. The Trustee shall have no obligation or duty to monitor, determine or inquire as to compliance with any restrictions on transfer imposed under this Indenture or under applicable law with respect to any transfer of any interest in any Security (including any transfers between or among Depository Participants or beneficial owners of interest in any Global Security) other than to require delivery of such certificates and other documentation or evidence as are expressly required by, and to do so if and when expressly required by the terms of, this Indenture, and to examine the same to determine substantial compliance as to form with the express requirements hereof.
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Obligation of Trustee. The Trustee shall follow the directions of the Investment Manager regarding the investment and reinvestment of the Trust Fund, or such portion thereof as shall be under the management of the Investment Manager and shall exercise the powers set forth in Section 2.3 hereinabove, as directed by the Investment Manager. The Trustee shall be under no duty or obligation to review any investment to be acquired, held or disposed of pursuant to directions nor to make any recommendations with respect to the disposition or continued retention of any such investment or the exercise or non-exercise of the powers set forth in Section 2.3. The Trustee shall have no liability or responsibility for acting or not acting pursuant to the direction of, or failing to act in the absence of any direction from, the Investment Manager, unless the Trustee knows that by such action or failure to act it would itself be committing or participating in a breach of fiduciary duty by the Investment Manager.
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Obligation of Trustee. The Trustee shall pay benefits to Participants under the Plans pursuant to Section 6.6.
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Obligation of Trustee. 11 8.4 Reversion of Investment Powers to Trustee................ 11 8.5 Accounting............................................... 11 ARTICLE IX ADOPTION OF PLAN BY PARTICIPATING EMPLOYER............... 12 9.1 Contributions............................................ 12 9.2 Records.................................................. 12 9.3 Participating Employer Bound by Trust Agreement.......... 12
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Obligation of Trustee. Subject to compliance by the Trust Manager with clause 7.2(a), the Trustee covenants in favour of the Trust Manager to sign all documents and do all things reasonably requested by the Trust Manager in relation to the compliance by the Trustee or the Trust Manager of its obligations under the TIA, the Exchange Act or the listing rules of the United Kingdom Listing Authority in relation to the Class A Notes, the Trust or this deed.
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Obligation of Trustee. 25 SECTION 2.17. Registration of Transfers and Exchanges ................25 SECTION 2.18. Designation ............................................29 SECTION 2.19. Additional Interest Under Registration Rights Agreements.......................................29
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Obligation of Trustee. The Trustee shall make cash payments of --------------------- Benefits, or shall transfer ownership of Policies, to Participants and Beneficiaries at such times and in such amounts as are required of the Company under the Plans as determined by the Company, or its duly appointed Plan administrators or consultants, pursuant to Section 4.4 hereof. The Trustee has no obligation to determine any Participant's or Beneficiary's Benefits under any Plan, but, as provided in Section 4.4, may rely on Schedule A for determinations or instructions regarding the payment of Benefits. The Trustee does not guarantee the adequacy of the Trust Fund to meet and discharge any or all of the Company's liabilities under the Plans, and, except as specifically provided in Section 5.1 with respect to drawing upon letters of credit, the Trustee has no obligation to require the Company to provide any funding into the Trust to discharge such liabilities under the Plans. The Trustee is not liable for investment performance or other loss to the Trust Fund except to the extent that it is judicially determined that it failed to discharge its duties hereunder.
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Related to Obligation of Trustee

  • Termination of Trust Indenture Upon (or at any time after) payment in full of the Original Amount of, Make-Whole Amount, if any, and interest on and all other amounts due under all Equipment Notes and provided that there shall then be no other Secured Obligations due to the Indenture Indemnitees, the Note Holders and the Mortgagee hereunder or under the Participation Agreement or other Operative Agreement, the Owner Trustee shall direct the Mortgagee to execute and deliver to or as directed in writing by the Owner Trustee an appropriate instrument releasing the Aircraft and the Engines from the Lien of this Trust Indenture and releasing the Lease, the Purchase Agreement, the Purchase Agreement Assignment with the Consent and Agreement and the Engine Consent and Agreement attached thereto from the assignment and pledge thereof hereunder and the Mortgagee shall execute and deliver such instrument as aforesaid and give written notice thereof to Lessee; provided, however, that this Trust Indenture and the trusts created hereby shall earlier terminate and this Trust Indenture shall be of no further force or effect upon any sale or other final disposition by the Mortgagee of all property constituting part of the Trust Indenture Estate and the final distribution by the Mortgagee of all monies or other property or proceeds constituting part of the Trust Indenture Estate in accordance with the terms hereof. Except as aforesaid otherwise provided, this Trust Indenture and the trusts created hereby shall continue in full force and effect in accordance with the terms hereof.

  • Protection of Trustee By way of supplement to the provisions of any law for the time being relating to trustees, it is expressly declared and agreed as follows:

  • Resignation of Trustee Any Trustee hereunder may resign by a notice in writing delivered to the Grantor, if the Grantor is then living, and, after the Grantor’s death, to all current Beneficiaries of the Trust.

  • Termination of Trust Agreement Section 9.01.

  • No Obligation of the Trustee (i) The Trustee shall have no responsibility or obligation to any beneficial owner of a Global Note, a member of, or a participant in the Depository or other Person with respect to the accuracy of the records of the Depository or its nominee or of any participant or member thereof, with respect to any ownership interest in the Notes or with respect to the delivery to any participant, member, beneficial owner or other Person (other than the Depository) of any notice (including any notice of redemption) or the payment of any amount, under or with respect to such Notes. All notices and communications to be given to the Holders and all payments to be made to Holders under the Notes shall be given or made only to or upon the order of the registered Holders (which shall be the Depository or its nominee in the case of a Global Note). The rights of beneficial owners in any Global Note shall be exercised only through the Depository subject to the applicable rules and procedures of the Depository. The Trustee may rely and shall be fully protected in relying upon information furnished by the Depository with respect to its members, participants and any beneficial owners.

  • Rights of Trustee as Holder of Senior Debt; Preservation of Trustee’s Rights The Trustee in its individual capacity shall be entitled to all the rights set forth in this Article XII with respect to any Senior Debt that may at any time be held by it, to the same extent as any other holder of Senior Debt, and nothing in this Indenture shall deprive the Trustee of any of its rights as such holder.

  • Obligations of Trust The Trust shall have the following obligations under this Agreement:

  • Indemnification of Trustee The Trustee and its directors, officers, employees and agents shall be entitled to indemnification from the Trust Fund for any loss, liability or expense incurred in connection with any legal proceeding or incurred without negligence or willful misconduct on its part, arising out of, or in connection with, the acceptance or administration of the trusts created hereunder or in connection with the performance of its duties hereunder or under the Exchange Trust Agreement, the Mortgage Loan Sale Agreement, the Transfer Agreement, any Servicing Agreement or the Custodial Agreements, including any applicable fees and expenses payable pursuant to Section 6.12 and the costs and expenses of defending themselves against any claim in connection with the exercise or performance of any of their powers or duties hereunder, provided that:

  • Termination of Trust Section 9.01

  • Compensation of Trustee Any individual Trustee serving hereunder shall be entitled to: (Choose One) ☐ - No compensation whatsoever. ☐ - Be paid a reasonable fee from the Trust Estate based on the amount of time expended by such Trustee in carrying out his or her duties hereunder. Any corporate Trustee shall be entitled to be paid a fee based upon its fee schedule from time to time that is required to be published.

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