Entrustee definition

Entrustee means corporate fiduciary entities meeting applicable regulations such as pension management companies who are entrusted to manage the Enterprise Annuity Fund, and it specially refers to Party B herein.
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Entrustee has the meaning ascribed to that term in Clause 7.4.
Sample 1

Examples of Entrustee in a sentence

  • The above-mentioned records as well as bills and certificates issued and kept by the Entrustee when processing the Borrower's drawdown, repayments, and interest payments are effective certificates of creditor's right and indebtedness between the Entrustor and the Borrower.

  • The fees for the services provided by the Entrustee to the Entrustor hereunder ("Service Fee") shall be paid on the basis of 0.01% of the total amount of the Entrusted Loan on a monthly basis.

  • The Entrustee shall transfer each repayment of the principal and each payment of the interest (including default interest) received by it into the Entrusted Loan Account.

  • Any obligation under this Contract may not be assigned by the Borrower to a third party without written consent of the Entrustee and the Entrustor.

  • Pursuant to the written authorization of the Entrustor, the Entrustee can charge an overdue interest at a rate 40% higher than the original loan interest rate for the overdue portion of the loan in RMB [Or a penalty interest at a rate N/A higher than the original loan interest rate shall be charged for the overdue portion of the loan in foreign currency].

  • The Entrustee shall be entitled to debit the handling charges directly from any account of the Entrustor.

  • The Entrustor shall pay the Service Fee to the Entrustee on a monthly/quarterly basis from the date the Entrusted Loan is released to the Borrower [or in a lump sum within 10 days from the date the Entrusted Loan is released].

  • The term of the Entrusted Loan hereunder shall be six months, which shall commence from the date agreed by the parties the Borrower may draw the Entrusted Loan (the "Drawdown Date") from the Entrustee , and shall expire as of the last date agreed by the parties that the Borrower shall make the repayment .

  • Following the effectiveness of this Contract, the Borrower shall open an account with the Entrustee or a designated branch thereof, which shall be used for such purposes as drawdown, repayment of principal and payment of interest.

  • If the Borrower fails to repay any amount of the Entrusted Loan pursuant to the Repayment Schedule, to reach an agreement on extension with the Entrustor, and to notify the Entrustee in writing, such amount shall be considered overdue.

Related to Entrustee

  • Appointed Trustee means each person acting in a Corporate Trust Capacity under each applicable Corporate Trust Contract.

  • NIM Trustee The trustee for the NIM Securities.

  • Directed trustee means a trustee that is subject to a trust director's power of direction.

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

  • Note Trustee means the Person identified as the “Trustee” in the Indenture, solely in its capacity as Trustee pursuant to the Indenture and not in its individual capacity, or its successor in interest in such capacity, or any successor Trustee appointed as provided in the Indenture.

  • Replacement Agent means the Fiscal Agent or, in respect of any Tranche of Notes, the Paying Agent named as such in the relevant Final Terms or Drawdown Prospectus (as the case may be);

  • Information Agent The meaning specified in Section 14.16.

  • Lead Agent has the meaning given to it above;

  • Share Trustee means Monument Trustees Limited, with its registered office at 57 Herbert Lane, Dublin 2, Ireland and CRO number 345558, and any successor thereto.

  • Trustee means any person, including the founder of a trust, to whom property is bequeathed in order for such property to be administered for the benefit of another person.

  • Independent Fund Trustee means a trustee of the Trust who is not an “interested person” as that term is defined in Section 2(a)(19) of the 1940 Act.

  • Rights Agent means the Rights Agent named in the first paragraph of this Agreement, until a successor Rights Agent shall have become such pursuant to the applicable provisions of this Agreement, and thereafter “Rights Agent” shall mean such successor Rights Agent.

  • Lead Trustee means (a) during the period from and after the Note A-2 Securitization Date and prior to the Note A-1 Securitization Date, the Note A-2 Trustee and, (b) from and after the Note A-1 Securitization Date, the trustee designated under the Note A-1 Securitization.

  • appointor means in relation to an alternate Director, the Director who appointed the alternate to act as his alternate;

  • Owner Trustee means Wilmington Trust Company, a Delaware trust company, not in its individual capacity but solely as owner trustee under this Agreement, and any successor Owner Trustee hereunder.

  • Issuer Representative means the person or persons at the time designated to act on behalf of the Issuer by written certificate furnished to the Company and the Trustee containing the specimen signatures of such person or persons and signed on behalf of the Issuer by its duly authorized agent. Such certificate may designate an alternate or alternates.

  • Management Agent means the property management company which oversees the property management functions for the Apartment Housing and which is on-site at the Apartment Housing. The initial Management Agent shall be Xxxxxxxx Valley Management, Inc.

  • Principal Agent means the person or entity appointed by the employer and named in the schedule. In the event of a principal agent not being appointed, then all the duties and obligations of a principal agent as detailed in the agreement shall be fulfilled by a representative of the employer as named in the scheduleClause 1.1 Definition of "Security" is amended by replacing it with the following:

  • 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.

  • Warrant Agent means the Transfer Agent and any successor warrant agent of the Company.

  • Trust Agent means U.S. Bank, as Trust Agent under the Titling Trust Agreement.

  • Administrative Trustee means each of the Persons identified as an “Administrative Trustee” in the preamble to this Trust Agreement, solely in each such Person’s capacity as Administrative Trustee of the Trust and not in such Person’s individual capacity, or any successor Administrative Trustee appointed as herein provided.

  • Supplemental Agent has the meaning set forth in Section 9.14(a) and “Supplemental Agents” shall have the corresponding meaning.

  • Fiscal Agent means the Fiscal Agent, if any, designated pursuant to the terms of the Policy.