Financial Trustee definition
Examples of Financial Trustee in a sentence
Each person elected as an Alternate Elected Trustee shall be eligible, for a period of two (2) years from the date such individual was elected as an Alternate Elected Trustee, to be appointed by Council to fill a vacancy in the office of Financial Trustee or Community Fund Trustee, as the case may be, in accordance with the provisions of Section 9.11.
A person elected or appointed to the office of Financial Trustee or Community Fund Trustee, as the case may be, shall not be considered a trustee under this Agreement until such person shall execute a consent and acknowledgement, as set forth in Schedule "C" to this Agreement confirming such person's willingness to take office as a trustee in accordance with the provisions of this Agreement and to participate in any ongoing orientation or education process pertaining to his or her function as a trustee.
The Financial Trustee shall, upon receipt of a written direction from the Council, make payments of Income to which the assignment relates to such one or more other trusts.
The eligibility criteria shall be set out in writing and shall be approved by Ordinary Resolution at any general meeting of Members called in accordance with Section 12.2. For greater certainty, it shall not be necessary for the eligibility criteria to be the same for both the offices of Financial Trustee and Community Fund Trustee.
The Borrower acknowledges that the Financial Trustee will pledge all of its right, title and interest in the Credit Agreement and the Loan, including any promissory note or reconocimiento de deuda delivered by the Borrower thereunder to the Trust Notes Trustee for the benefit of the Noteholders and the Borrower hereby agrees to take all actions reasonably requested by the Lender to perfect such Lien.
In the case of absence of the Managing Trustee and is unable to attend the meeting, the Financial Trustee shall have the power to nominate the member trustee who will take all the actions for such period of his/her absence.
The Financial Trustee, its agents and employees, as well as their agents’ and employees’ heirs and legal and personal representatives, shall not in any event be liable to any Grantor or Beneficiary, or any other party, for its acts as Financial Trustee so long as the Financial Trustee acts reasonably and in good faith.
I, , hereby assign and transfer to Bristol County Savings Bank, Attleboro, Massachusetts, as Financial Trustee of The Arc of Bristol County Pooled Trust, declared the 23rd day of December, 2013, and as amended from time to time in accordance with its terms, the amount of $ by check, a copy of which is attached hereto, to be held in trust for my benefit in accordance with the terms and conditions of the said declaration of trust.
That the Financial Trustee is a financial institution and is not licensed or skilled in the field of social services, and the Grantor therefore acknowledges and agrees that the Financial Trustee may conclusively rely upon the Managing Trustee to identify programs that may be of social, financial, developmental or other assistance to the Beneficiary.
The other Trustees has the power to attend every meeting, caste vote and other functions and powers as authorized by the Managing Trustee and Financial Trustee.