Trustee Obligations. Whenever the Trustee, as a party to the Swap Agreement, has the option or is requested in such capacity, whether such request is by the counterparty to such agreement, to take any action or to give any consent, approval or waiver that it is entitled to take or give in such capacity, including, without limitation, in connection with an amendment of such agreement or the occurrence of a default or termination event thereunder, the Trustee shall promptly notify the parties hereto and the NIMS Insurer of such request in such detail as is available to it and, shall, on behalf of the parties hereto and the NIMS Insurer, take such action in connection with the exercise and/or enforcement of any rights and/or remedies available to it in such capacity with respect to such request as the NIMS Insurer shall direct in writing; provided that if no such direction is received prior to the date that is established for taking such action or giving such consent, approval or waiver (notice of which date shall be given by the Trustee to the parties hereto and the NIMS Insurer), the Trustee may abstain from taking such action or giving such consent, approval or waiver. The Trustee shall forward to the parties hereto and the NIMS Insurer on the Payment Date following its receipt thereof copies of any and all notices, statements, reports and/or other material communications and information (collectively, the “Swap Reports”) that it receives in connection with the Swap Agreement or from the counterparty thereto.
Trustee Obligations. Whenever the Trustee, in such capacity as the Supplemental Interest Trust Trustee, as a party to the Swap Agreement, has the option or is requested in such capacity, whether such request is by the counterparty to such agreement, to take any action or to give any consent, approval or waiver that it is entitled to take or give in such capacity, including, without limitation, in connection with an amendment of such agreement or the occurrence of a default or termination event thereunder, the Trustee, in such capacity as the Supplemental Interest Trust Trustee, shall promptly notify the parties hereto and the NIMS Insurer, if any, of such request in such detail as is available to it and, shall, on behalf of the parties hereto and the NIMS Insurer, if any, take such action in connection with the exercise and/or enforcement of any rights and/or remedies available to it in such capacity with respect to such request as the NIMS Insurer, if any, shall direct in writing; provided that if no such direction is received prior to the date that is established for taking such action or giving such consent, approval or waiver (notice of which date shall be given by the Trustee, in such capacity as the Supplemental Interest Trust Trustee, to the parties hereto and the NIMS Insurer, if any), the Trustee, in such capacity as the Supplemental Interest Trust Trustee, may abstain from taking such action or giving such consent, approval or waiver. The Trustee, in such capacity as the Supplemental Interest Trust Trustee, shall forward to the parties hereto and the NIMS Insurer, if any, on the Payment Date following its receipt thereof copies of any and all notices, statements, reports and/or other material communications and information (collectively, the “Swap Reports”) that it receives in connection with the Swap Agreement or from the counterparty thereto.
Trustee Obligations. Except for matters set forth in Sections 3(a), (b) and (f) hereof and Section 6.12 of the Trust Agreement, the parties hereto agree that the Trustee shall have no further obligations hereunder or under the Trust Agreement relating to the matters set forth in this letter. Respectfully submitted, XXXXXX, XXXXXX & XXXXXXXXX, P.A. Acknowledged: SCHOOL BOARD OF ST. LUCIE COUNTY, FLORIDA Chairman ST. LUCIE SCHOOL BOARD LEASING CORPORATION President U.S. BANK NATIONAL ASSOCIATION, as Trustee Assistant Vice President APPENDIX I ALLOCATION AND ACCOUNTING RULES
Trustee Obligations. Except for matters set forth in Sections 3(a), (b) and (f) hereof and Section 6.12 of the Trust Agreement, the parties hereto agree that the Trustee shall have no further obligations hereunder or under the Trust Agreement relating to the matters set forth in this letter. Respectfully submitted, XXXXXX, XXXXXX & XXXXXXXXX, P.A. Acknowledged: SCHOOL BOARD OF SARASOTA COUNTY, FLORIDA By: Chair XXXXX FARGO BANK, NATIONAL ASSOCIATION, as Trustee By: Vice-President FINANCING CORPORATION FOR THE SCHOOL BOARD OF SARASOTA COUNTY, FLORIDA By: President APPENDIX I ALLOCATION AND ACCOUNTING RULES
Trustee Obligations. If you enter into this Master Agreement as a trustee of the Trust you undertake:
Trustee Obligations. Subject to the provisions of the last paragraph of Section 1003 of the Original Indenture, all money and U.S. Government Obligations (including the proceeds thereof) deposited with the Trustee or other qualifying trustee (solely for purposes of this Section and Section 6.07 hereof, the Trustee and any such other trustee are referred to collectively as the "Trustee") pursuant to Section 6.04 hereof in respect of any IQ Notes shall be held in trust and applied by the Trustee, in accordance with the provisions of such IQ Notes and the Indenture, to the payment, either directly or through any such Paying Agent (including the Company acting as its own Paying Agent) as the Trustee may determine, to the Holders of such IQ Notes, of all sums due and to become due thereon in respect of principal and interest, but money so held in trust need not be segregated from other funds except to the extent required by law. The Company shall pay and indemnify the Trustee against any tax, fee or other charge imposed on or assessed against the U.S. Government Obligations deposited pursuant to Section 6.04 hereof or the principal and interest received in respect thereof other than any such tax, fee or other charge which by law is for the account of the Holders of Outstanding IQ Notes. Anything in this Article Six to the contrary notwithstanding, the Trustee shall deliver or pay to the Company from time to time upon Company Request any money or U.S. Government Obligations held by it as provided in Section 6.04 hereof with respect to any IQ Notes which, in the opinion of a nationally recognized firm of independent public accountants expressed in a written certification thereof delivered to the Trustee, are in excess of the amount thereof which would then be required to be deposited to effect the Defeasance or Covenant Defeasance, as the case may be, with respect to such IQ Notes.
Trustee Obligations. To enable CAS to perform its obligations under this Agreement, Trustee agrees to the following:
Trustee Obligations. 13.1. Unless you have told us otherwise, you do not enter into this agreement as trustee of any trust or settlement. If you do enter into this agreement as a trustee with our knowledge, you confirm that:
Trustee Obligations. The Trustee shall have no obligation to determine the existence of any conversion, redemption, exchange, subscription or other right relating to any securities the Trustee is directed to purchase for the Trust of which notice was given prior to the purchase of such securities. Nor shall the Trustee have any obligation to exercise such right unless it is informed of the existence of the right and is instructed, in writing and within a reasonable time prior to the expiration of such right, by the Plan Administrator or an investment manager to exercise such right.
Trustee Obligations. Each member of the Board of Trustees shall have a non‐ delegable obligation to, at all times, act in good faith and promote the best interests of the Plan while engaged in activities that may impact the Plan.
