Senior Trustee Sample Clauses
The Senior Trustee clause designates a specific trustee as the primary or lead trustee responsible for managing the trust's assets and making key decisions. In practice, this clause clarifies which trustee has authority in situations where multiple trustees are appointed, ensuring that instructions, approvals, or actions are coordinated through the Senior Trustee. This arrangement helps prevent conflicts or confusion among co-trustees, streamlining trust administration and providing a clear point of accountability.
Senior Trustee. The Trustee irrevocably agrees (and the Noteholders (other than the Noteholders represented by the Senior Trustee) shall be deemed to agree by virtue of their purchase of the Notes) that the Senior Trustee shall have all of the rights granted to it under this Indenture, including the right to direct the Trustee to take certain action as provided for in this Indenture, and the Trustee hereby agrees to act in accordance with each such authorized direction of the Senior Trustee.