Trustee Provisions. If the Lessee has entered into this Lease in the capacity of trustee, whether or not the Lessor has any notice of the trust, the Lessee:
Trustee Provisions. Party B enters into this Agreement in its capacity as Trustee of the Trust. Clause 33.16 of the Trust Deed applies to this Agreement as if set out in full. Clause 16 of the Security Trust Deed shall apply to govern Party A’s priority to moneys received from the sale of Assets or other enforcement of the Charge under the Security Trust Deed (each as defined in the Security Trust Deed).
Trustee Provisions. Trustee accepts this Trust when this Deed of Trust, duly executed and acknowledged is made a public record as provided by law. The Trust created hereby is irrevocable by Trustor. Trustee, upon presentation to it of an affidavit signed by or on behalf of Beneficiary, setting forth any facts showing a default by Trustor under any of the terms or conditions of this Deed of Trust, is authorized to accept as true and conclusive all facts and statements in such affidavit and to act hereunder in complete reliance thereon. Trustee shall be under no obligation to notify any party hereof of any action or proceeding of any kind in which Trustor, Beneficiary and/or Trustee shall be a party, unless brought by Trustee, or of any pending sale under any other deed of trust. The necessity of Trustee’s making oath, filing inventory or giving bond as security for the execution of this Deed of Trust, as may now be or hereafter required by the laws of the state in which the Property is located, is hereby expressly waived.
Trustee Provisions. Notwithstanding any other terms of this Agreement:
Trustee Provisions. Insert the following new Section 15 after Section 14:
Trustee Provisions. 40.1 You make the following declarations if you enter into any arrangement with us or own any of the security property as trustee of any trust or settlement:
Trustee Provisions. (a) Trustee shall not be liable for any error of judgment or act done by Trustee in good faith, or be otherwise responsible or accountable under any circumstances whatsoever, except for Trustee’s gross negligence or willful misconduct. Trustee shall not be personally liable in case of entry by him, or anyone entering by virtue of the powers herein granted him, upon the Trust Property for debts contracted or liability or damages incurred in the management or operation of the Trust Property. Trustee shall have the right to rely on any instrument, document or signature authorizing or supporting any action taken or proposed to be taken by him hereunder, believed by him in good faith to be genuine. Trustee shall be entitled to reimbursement for expenses incurred by him in the performance of his duties hereunder and to reasonable compensation for such of his services hereunder as shall be rendered. Grantor will, from time to time, pay the compensation due to Trustee hereunder and reimburse Trustee for, and save him harmless against, any and all liability and expenses which may be incurred by him in the performance of his duties.
Trustee Provisions. (a) The Collateral Agent shall hold the security constituted by the Foreign Security Agreements, Foreign Pledge Agreements, and Foreign Mortgages, in each case executed by, or in respect of the equity interests in, a Subsidiary organized under the laws of England and Wales in the United Kingdom (each an “English Security Document”) as agent and trustee for each of the Lenders in accordance with their terms. The Collateral Agent shall not be liable for any failure, omission, or defect in registering, protecting or perfecting the security constituted by any English Security Document or any security created thereby.
Trustee Provisions. 47.1 You make the following declarations if you enter into any arrangement with us or own any of the security property as trustee of any trust or settlement:
Trustee Provisions. Any Trustee (including any Successor Trustee) may resign by giving at least thirty (30) days notice of the Trustee's intention to do so delivered personally or by certified mail to the Settlor, if living, or if the Settlor has previously died, to the then permissible income beneficiaries of the Trust Estate.
