Co-Trustee definition

Co-Trustee has the meaning set forth in the Basic Servicing Agreement.

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Co-Trustee means each of the Owner Trustee and the Delaware Trustee.

Co-Trustee means a person, entity or both selected by the Trustee and named as such to assist with the management, administration, allocation and/or disbursement of Trust assets and property.

Examples of Co-Trustee in a sentence

• A Co-Trustee will promptly notify the Depositor and the Administrator if it no longer meets the eligibility requirements in this Section 9.1.

• Each Co-Trustee accepts the trusts created by this Agreement and agrees to exercise its rights and powers and perform its obligations under this Agreement.

• Each Co-Trustee may rely on, and will not be liable to anyone for acting in reliance on, a signature, notice, resolution, request, consent, certificate, report, opinion or other document believed by it to be genuine that appears on its face to be properly signed by the proper party or parties.

• In the exercise or administration of the trusts under this Agreement and in the performance of its rights, powers and obligations under the Transaction Documents, each Co-Trustee may act directly or through its agents or attorneys under agreements entered into with any of them and will not be liable for the conduct or misconduct of those agents or attorneys if it selects those agents or attorneys with due care.

• Each Co-Trustee may accept a certified copy of a resolution of the board of directors or other governing body of a corporate party as conclusive evidence that the resolution has been duly adopted and that the resolution is in full force and effect.

More Definitions of Co-Trustee

Co-Trustee. The Bank of New York Trust Company, N.A., a national banking association, not in its individual capacity, but solely in its capacity as co-trustee for the benefit of the Certificateholders under this Agreement, and any successor thereto, and any corporation or national banking association resulting from or surviving any consolidation or merger to which it or its successors may be a party.

Co-Trustee means the Person named as the “Co-Trustee” in the first paragraph of this Indenture until a successor Co-Trustee shall have become such pursuant to the applicable provisions of this Indenture, and thereafter “Co-Trustee” shall mean or include each Person who is then a Co-Trustee hereunder; provided, however, that if at any time there is more than one such Person, “Co-Trustee” as used with respect to the Securities of any series shall mean only the Co-Trustee with respect to Securities of that series.

Co-Trustee means any Person appointed by the Trustee pursuant to Section 7.12 hereof.

Co-Trustee means Bank One, National Association, a national banking association, as co-trustee and not in its individual capacity under this Agreement and any successor co-trustee hereunder.

Co-Trustee has the meaning set forth in Section 7.10.

Co-Trustee means the Co-Trustee identified in the Adoption Annex.

Co-Trustee. Any Person appointed as a co-trustee pursuant to this Indenture.