First Trustee definition
Examples of First Trustee in a sentence
Section 9.01(j) of the Indenture provides that, under certain circumstances, a supplemental indenture may be entered into by the Company, Block and First Trustee without the written consent of the Holders in order to appoint a separate trustee with respect to one or more series of Debt Securities.
Insofar as the First Appointment Meeting (by ordinary majority) approved the continuation of the term of office of the First Trustee, it shall continue to serve as Trustee until the end of the additional appointment period that was determined in a resolution of the First Appointment Meeting (which could be until the final repayment date of the Debentures).
The First Trustee shall serve commencing on the date mentioned in clause 3.3 above and his office shall end at the time on which the Debenture Holders Meeting is convened (the “First Appointment Meeting”), that the Trustee shall convene no later than 14 days after submitting the annual report regarding Trusteeship matters in accordance with Section 35H1(a) of the Law.
The First Trustee wishes to create a purpose trust within the meaning of the Trusts (Special Provisions) ▇▇▇ ▇▇▇▇, in the terms set out below and wishes to declare that it holds the Trust Fund upon the trusts and subject to the powers and provisions set out below.
In the event of any poll the First Trustee shall vote only in accordance with the directions of Participants who have given such directions and shall not exercise voting rights in respect of Shares where no directions have been received from Participants in relation to those Shares.