Trustee Act. 3.4.1 The rights, powers, authorities and discretions given to LFSL under or in connection with this Scheme shall be supplemental to the Trustee Acts, and in addition to any rights, powers, authorities and discretions which may be vested in LFSL by law or regulation or otherwise.
Trustee Act. In relation to each Transaction Document governed by English law and creating or purporting to create a trust or fiduciary relationship, the parties hereto agree that to the fullest extent permitted by law, none of the provisions of the Trustee Xxx 0000 shall apply to the trust or fiduciary relationship created by such Transaction Document or to the role of the trustee or fiduciary in relation to such trust or fiduciary relationship. The disapplication of the Trustee Xxx 0000 as provided by this Clause 23 shall constitute an exclusion of the provisions of the Trustee Xxx 0000 for the purposes of that act.
Trustee Act. The Security Trustee shall have all the rights, privileges and immunities that gratuitous trustees have or may have under the laws of New York, even though it is entitled to remuneration.
Trustee Act. (1) The Collateral Agent shall have such rights, powers, authorities and discretions as are (i) conferred on trustees by the Trustee Acts, (ii) by way of supplement to the Trustee Acts as provided for in this Agreement and the English Security Documents and (iii) any which may be vested in the Collateral Agent by law or regulation or otherwise.
Trustee Act. The Security Agent shall have all the rights, privileges and immunities which gratuitous trustees have or may have in England, even though it is entitled to remuneration.
Trustee Act. 7.4 To the fullest extent permitted by law, none of Parts I, II, III, IV, or V of the Trustee Xxx 0000 or the Trustee Act (Northern Ireland) 2001 (if applicable) nor the requirement to discharge the duty of care set out in section 1(1) of the Trustee Xxx 0000 or the Trustee Act (Northern Ireland) 2001 (if applicable) in exercising any of its powers shall apply to the trusts constituted by this Declaration of Trust or the role of the Participant in respect of the Asset Trust. The disapplication of those Parts or sections of the Trustee Xxx 0000 the Trustee Act (Northern Ireland) 2001 (if applicable) shall constitute an exclusion of the relevant Parts or sections of the Trustee Xxx 0000 the Trustee Act (Northern Ireland) 2001 (if applicable) for the purposes of that Act but shall not affect the Trustee’s fiduciary duties or its duties under common law or in equity.
