Rights and Duties of the Trustee Sample Clauses

Rights and Duties of the Trustee. 1. The Trustee shall retain the right upon written notice to withdraw from the service at any time.
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Rights and Duties of the Trustee. (a) The duties and obligations of the Trustee shall only be such as are specifically set forth in this Agreement, as it may from time to time be amended, and no implied duties or obligations shall be read into this Agreement against the Trustee.
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Rights and Duties of the Trustee. The rights conferred upon the Trustee hereunder are solely to protect its interest in the Collateral Security and shall not impose any duty upon it to exercise any such rights. The Trustee shall have no duty as to any Collateral Security or as to the taking of any steps to preserve rights against prior parties or any other rights pertaining to the Collateral Security. The Trustee's sole duty with respect to the custody, safekeeping and physical preservation of the Collateral Security in its possession, under Section 9-207 of the UCC or otherwise, shall be to deal with it in the same manner as the Trustee deals with similar securities and property for its own account. None of the Collateral Parties or any of their respective directors, officers, employees or agents shall be liable for failure to demand, collect or realize upon any of the Collateral Security or for any delay in doing so or shall be under any obligation to sell or otherwise dispose of any Collateral Security upon the request of the Parent or otherwise. The Trustee shall be accountable only for amounts that it actually receives as a result of the exercise of such powers, and, except for claims by the Parent against the Trustee arising out of the gross negligence or willful misconduct of the Trustee, neither the Trustee nor any of its officers, directors, employees or agents shall be responsible to the Parent or to any other Person for any act hereunder with respect to the Collateral Security.
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Rights and Duties of the Trustee. Section 5.1.
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Rights and Duties of the Trustee. (a) Moneys to Be Held in Trust. All moneys deposited with the Trustee under -------------------------- this Agreement (other than amounts received for its own use) shall be held by the Trustee in trust and applied subject to the provisions of this Agreement, but need not be segregated from other funds except as required herein or by law.
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Rights and Duties of the Trustee. (a) Monies to be Held in Trust. All monies received by the Trustee under this Indenture shall be held by the Trustee in trust and applied subject to the provisions of this Indenture.
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Rights and Duties of the Trustee. (a) The duties and obligations of the Trustee hereunder will be determined solely with reference to the express provisions of this Agreement.
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Rights and Duties of the Trustee 
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Related to Rights and Duties of the Trustee

  • Powers and Duties of the Trustee The rights, powers, duties and authorities of the Trustee under this Agreement, in its capacity as Trustee of the Trust, shall include:

  • Rights and Duties of the Parties 5. The Resident has the right:

  • Powers and Duties of Trustees Section 3.1 General 6 Section 3.2 Investments 6 Section 3.3 Legal Title 7 Section 3.4 Issuance and Repurchase of Shares 7 Section 3.5 Borrow Money or Utilize Leverage 7 Section 3.6 Delegation; Committees 7 Section 3.7 Collection and Payment 8 Section 3.8 Expenses 8 Section 3.9 By-Laws 8 Section 3.10 Miscellaneous Powers 8 Section 3.11 Further Powers 8

  • Duties of the Trustee The Trustee, before the occurrence of an Event of Default and after the curing of all Events of Default that may have occurred, shall undertake to perform such duties and only such duties as are specifically set forth in this Agreement. In case an Event of Default has occurred and remains uncured, the Trustee shall exercise such of the rights and powers vested in it by this Agreement, and use the same degree of care and skill in their exercise as a prudent person would exercise or use under the circumstances in the conduct of such person's own affairs. The Trustee, upon receipt of all resolutions, certificates, statements, opinions, reports, documents, orders or other instruments furnished to the Trustee that are specifically required to be furnished pursuant to any provision of this Agreement shall examine them to determine whether they are in the form required by this Agreement. The Trustee shall not be responsible for the accuracy or content of any such resolution, certificate, statement, opinion, report, document, order, or other instrument. No provision of this Agreement shall be construed to relieve the Trustee from liability for its own negligent action, its own negligent failure to act or its own willful misconduct; provided, however, that, unless an Event of Default known to the Trustee has occurred and is continuing,

  • Rights and Duties of Members Subject to the provisions of Article 3, members will have all of the rights and powers of members as provided under the Act and as otherwise provided by law.

  • Duties of the Trust The Trust shall provide the Manager with the following information about the Fund:

  • Rights and Duties of Rights Agent The Rights Agent undertakes to perform only the duties and obligations expressly set forth in this Agreement and no implied duties or obligations shall be read into this Agreement against the Rights Agent. The Rights Agent shall perform its duties and obligations hereunder upon the following terms and conditions, by all of which the Company and the holders of Right Certificates, by their acceptance thereof, shall be bound:

  • Powers and Duties of the Guarantee Trustee (a) This Guarantee shall be held by the Guarantee Trustee for the benefit of the Holders of the Capital Securities, and the Guarantee Trustee shall not transfer this Guarantee to any Person except a Holder of Capital Securities exercising his or her rights pursuant to Section 4.4(b) or to a Successor Guarantee Trustee on acceptance by such Successor Guarantee Trustee of its appointment to act as Successor Guarantee Trustee. The right, title and interest of the Guarantee Trustee shall automatically vest in any Successor Guarantee Trustee, and such vesting and cessation of title shall be effective whether or not conveyancing documents have been executed and delivered pursuant to the appointment of such Successor Guarantee Trustee.

  • Appointment and Duties of the Manager (a) The Company hereby appoints the Manager to manage the assets of the Company subject to the further terms and conditions set forth in this Agreement and the Manager hereby agrees to use its commercially reasonable efforts to perform each of the duties set forth herein. The appointment of the Manager shall be exclusive to the Manager except to the extent that the Manager otherwise agrees, in its sole and absolute discretion, and except to the extent that the Manager elects, pursuant to the terms of this Agreement, to cause the duties of the Manager hereunder to be provided by third parties.

  • AUTHORITY AND DUTIES OF THE OWNER TRUSTEE ACTION BY CERTIFICATEHOLDERS

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