Corporate Trustee definition

Corporate Trustee means a Trustee which is a banking institution or trust company regularly engaged in the business of trust administration in which no Beneficiary has any controlling interest.

Corporate Trustee. First Union National Bank, as Corporate Trustee under the Trust Agreement, and its successors pursuant to the Trust Agreement.

Corporate Trustee as defined in the definition of Trust Agreement.

Examples of Corporate Trustee in a sentence

• Unless waived, accountings must be given to Qualified Beneficiaries at least annually (quarterly if a Corporate Trustee is serving), as provided in Sections 736.0813 and 736.08135 of the Florida Statutes.

• Any person may rely on a copy of this instrument (in whole or in part) certified to be a true copy by me; by any person specifically named as a Trustee (or successor Trustee); by any Corporate Trustee whether or not specifically named; or, if there are none of the above, by any then serving Trustee.

• Reasonable compensation for a Corporate Trustee will be its published fee schedule in effect when its services are rendered unless otherwise agreed in writing, and except as follows.

• Any fees paid to a Corporate Trustee for making principal distributions, for termination of the trust, and upon termination of its services must be based solely on the value of its services rendered, not on the value of the trust principal.

• Two Business Days prior to the Redemption Date, the Company shall deliver to each Holder of such Bonds, with a copy to the Corporate Trustee, a certificate of an officer specifying the calculation of such Make-Whole Amount, if any, as of the specified Redemption Date.

More Definitions of Corporate Trustee

Corporate Trustee means an entity organized as a financial institution or a corporation with the authority to act in a fiduciary capacity.

Corporate Trustee means a trustee that is a bank, trust company, or other entity authorized to serve as a trustee under the laws of the United States or any state thereof that is not a Related Person as to me, and which has at least Five Hundred Million Dollars ($500,000,000) of assets under trust management (which may include assets managed by affiliated or subsidiary banks or trust companies). A bank or trust company that does not meet these requirements cannot serve as Trustee.

Corporate Trustee means the Public Trustee or any trustee company under the Trustee Companies Act 1987;

Corporate Trustee has the meaning specified in the recital of parties to this Agreement.

Corporate Trustee means a trustee which is a corporation; “corporation” means a body corporate wherever incorporated; “Court” means the Supreme Court or a Judge thereof;

Corporate Trustee means a bank, trust company, or company whose primary business is trust services. A corporate trustee may not have any affiliation with the beneficiary either through relatives working for the corporate trustee or investments by the beneficiary with the company other than for administrative fees.

Corporate Trustee means a body, corporate appointed or acting as trustee; "Court' means the Supreme Court;