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.
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Examples of Entrustee in a sentence

  • Where the handling charges are to be paid by the Entrustor, the Entrustee shall be entitled to debit the same directly from any account of the Entrustor.

  • Where the handling charges are to be paid by the Borrower, the Entrustor shall be responsible for urging the Borrower to pay the same on time, and shall agree to pay the same on behalf of the Borrower where the Borrower fails to pay the same on time, in which case, the Entrustee shall be entitled to debit the same directly from any account of the Entrustor.

  • If the Borrower fails to duly pay the liquidated damages, the Entrustor agrees to make such payment on behalf of the Borrower, and the Entrustee shall be entitled to debit from the account of the Entrustor.

  • The Entrustee shall be entitled to debit from the account of the Entrustor for satisfaction of any liquidated damages required to be paid by the Entrustor.

  • Where the Entrustor accepts such application, it shall notify the Entrustee of such decision.

  • In case of any Over Contribution or Under Contribution, the Entrustee shall notify the Entrusters to handle accordingly.

  • If the Borrower uses any amount of the Entrusted Loan for purposes other than those set forth in this Contract, pursuant to the written authorization of the Entrustor, the Entrustee can charge a misappropriation interest at a rate 70% higher than the original loan interest rate, for the misappropriated amount in RMB [or a penalty interest at a rate N/A higher than the original loan interest rate shall be charged for the misappropriated amount in foreign currency].

  • Under this contract (this "Contract"), the Entrustor will entrust its self-owned funds with the Entrustee, and the Entrustee shall provide Entrusted Loan to the Borrower identified by the Entrustor, according to the specific conditions determined by the Entrustor, including the purpose, amount, term and interest rate of the Entrusted Loan, assist the Entrustor to collect the Entrusted Loan and handle the relevant procedures in respect thereof.

  • If the Borrower fails to duly pay the liquidated damages, the Entrustor agrees to make such payment on behalf of the Borrower, and the Entrustee shall be entitled to debit the corresponding amount from the account of the Entrustor.

  • The Entrustor shall be solely responsible for the due diligence investigation with respect to the credit standing and financial conditions of the Borrower, and the feasibility of the project for which the loan is to be used, and the Entrustee shall not be liable for any such investigation.

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.