Current Trustee definition
Examples of Current Trustee in a sentence
In accordance with Section 10.1 of the Trust Agreement, the Company hereby removes the Current Trustee as trustee of the Trust effective as of January 1, 1996.
On or immediately following the Closing Date, Sellers will cause the Current Trustee to give a notice of redemption under all of the then outstanding Bonds (the "Then Outstanding Bonds") (it being acknowledged that Sellers may cause the 1992 Bonds to be satisfied (defeased) prior to Closing), with such redemption to take place as soon as practicable following the date of such notice but in no event later than ninety (90) days following the Closing Date (the "Applicable Redemption Date").
The Qualified Beneficiaries have reviewed the accountings of the Current Trustee, and each approves those accountings and all actions of the Current Trustee.
If a Current Trustee resigns, the City shall promptly select an individual to be appointed by the applicable Transit Alliance Company.
In that regard, the Company and the Current Trustee hereby waive the ninety (90) day advance written notice requirement otherwise required by Section 10.1. The removal of the Current Trustee is conditioned on the appointment of the Successor Trustee as set forth herein.
EXECUTED AS A DEED ) by [Full Name of Acceding UK Obligor]) Director Director/Secretary Address for notices: Address: Fax: [Full Name of Current Trustee] By: Date: FORM OF SECURED PARTY ACCESSION UNDERTAKING To: [Insert full name of current Trustee], for itself and each of the other parties to the Trust Agreement referred to below.