FBTS definition

FBTS means FBTS and its affiliates, officers, directors, employees and agents. The Company agrees to indemnify FBTS and hold it harmless against any liability in connection to, arising out of or in any way related to the trustee relationship established by this Agreement, including reasonable attorney’s fees, except that the Company is not required to indemnify FBTS for any liability that is determined, in a final judgment by a court of competent jurisdiction, to be the direct result of acts or omissions on the part of FBTS constituting gross negligence or willful misconduct. 8. Confidentiality: FBTS may use the information disclosed to it by the Company and its agents only for the purpose of discharging its duties as trustee of the Pension Trust. FBTS shall restrict disclosure of the information that it obtains from the Company and its agents to those persons who require knowledge of the information in order to assist FBTS in the performance of its duties (including, but not limited to, officers, directors, employees, and professional advisors of FBTS). Neither FBTS nor any of its officers, directors, employees, agents or advisors may disclose any confidential information regarding the Company to any third parties, except as required by law or as requested by the Department of Labor, the IRS, the Securities and Exchange Commission, or any other federal or state agencies, in each case pursuant to legal authority granted under any law or regulation enforceable against FBTS; provided FBTS gives prompt advance written notice, if practicable, of any such request to provide the Company with the opportunity to contest such request and the disclosure. Neither FBTS nor any of its officers, directors, employees, agents or advisors is obligated to maintain the confidentiality of any information that is publicly available or that becomes publicly available without violation by FBTS or any of its officers, directors, employees, agents or advisors of the terms of Section 10 of this Agreement. If FBTS resigns or is removed as trustee, FBTS will remain subject to the confidentiality provisions of this Agreement and shall return to the Company all documents delivered to it by the Company upon written request.
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FBTS has the meaning set forth in the preamble.
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Examples of FBTS in a sentence

  • A full explanation of the basis for concluding that FBTS' selection of the valuation advisor was prudent.

  • FBTS is not responsible for filing reports, returns or disclosures with any government agency except as may otherwise be required by its duties as trustee under applicable law or agreed to in writing by FBTS.

  • FBTS may, consistent with its fiduciary responsibilities under ▇▇▇▇▇, employ, or delegate fiduciary authority to qualified professional service providers to aid FBTS in the exercise of its powers, duties, and responsibilities in the Transaction as long as it is prudent to do so.

  • FBTS may participate in and use the Federal Book-Entry Account System and/or the Direct Registration System Profile, services provided by the Federal Reserve Bank for deposit of Treasury securities.

  • For purposes of Section 7 of this Agreement, the term “FBTS” means FBTS and its affiliates, officers, directors, employees and agents.

  • In addition to the fees due and payable to FBTS outlined in the Schedule of Fees attached hereto as Exhibit “A”, the Company agrees to pay additional fees to FBTS for any extraordinary services performed by FBTS in addition to those provided for in this Agreement.

  • If FBTS believes the projections are unreasonable, FBTS shall ask the valuation advisor to account for the unreasonable projections in its valuation, request new and reasonable projections from management, or reject the Transaction.

  • If FBTS does not believe that it can reasonably conclude that it would be prudent to rely on the financial statements used in the Valuation Report, FBTS shall not proceed with the Transaction.

  • FBTS will incur no liability to anyone in acting upon any signature, instrument, notice or other document or paper reasonably believed by it to be genuine and reasonably believed by it to be signed by the proper party or parties and need not investigate any fact or matter in any such document.

  • Additionally, in order to enable FBTS to properly perform its duties, the Company shall deliver to FBTS all information regarding the finances and operations of the Company that FBTS reasonably requests.

Related to FBTS

  • GMS means the automated system, or its successor system, employed by SCE real time operations to remotely monitor and dispatch the Generating Facility.

  • ATS means an alternative trading system, as defined in Rule 300(a)(1) of Regulation ATS under the Exchange Act.

  • SCS means the Sales Charge Purchase option

  • Fiserv means the Company, its direct and indirect subsidiaries, affiliated entities, successors, and assigns.

  • AMC means Annual Maintenance Contract