Managing Beneficiary definition

Managing Beneficiary is defined in the Trust Agreement.
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Managing Beneficiary means the Beneficiary selected by the Beneficiaries holding a majority of the Beneficiary Percentages. Initially, Citibank (South Dakota) will be the Managing Beneficiary.
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Managing Beneficiary means the Beneficiary selected by the Beneficiaries holding a majority of the Beneficiary Percentages. Prior to the Merger Date, Citibank (South Dakota) was the Managing Beneficiary. Beginning on the Merger Date, Citibank (as successor by merger to Citibank (South Dakota)) is the Managing Beneficiary.
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Examples of Managing Beneficiary in a sentence

  • Any and all actions that are to be taken by the Issuer will be taken by either the Managing Beneficiary or the Issuer Trustee on behalf of the Issuer.

  • The signature of any officer of the Managing Beneficiary or the Issuer Trustee on the Notes may be manual or facsimile.

  • Accordingly, subject to Sections 5.01(b), 5.01(c), and Article XII, the Managing Beneficiary will direct the Trustee in the management of the Trust and the Trust Estate.

  • With respect to any Due Period when either the Servicer of the Master Trust or the Managing Beneficiary is not an Affiliate of a Seller, the Issuer will deliver a copy of a completed Monthly Computation Statement for that Due Period to the Trustee.

  • The authorization set forth in the preceding sentence will not be deemed a restriction on the power and authority of the Managing Beneficiary, on behalf of the Trust, to execute and deliver other agreements, documents instruments and securities or to take other actions on behalf of the Trust in connection with the fulfillment of the purposes of the Trust described in, and pursuant to, Section 2.03(a).

  • At the written direction of the Managing Beneficiary, the Trustee will sign on behalf of the Trust any Periodic Filings of the Trust or other documents relating to the Trust prepared by, or on behalf of, the Managing Beneficiary.

  • The Trustee will furnish to the Managing Beneficiary, within a reasonable time under the circumstances after receipt thereof, duplicates or copies of all reports, notices, requests, demands, certificates, financial statements and any other instruments furnished to the Trustee with respect to the Trust or the Trust Estate.

  • CITIBANK, N.A., Servicer of Citibank Credit Card Master Trust I, By: Name: Title: CITIBANK CREDIT CARD ISSUANCE TRUST, as Issuer By: CITIBANK, N.A., as Series 2000 Certificate Representative and as Managing Beneficiary By: Name: Title: For the Due Period Ending , 20 This Report relates to the Due Period ending , 20 and the related Payment Dates for the Notes.

  • Unless otherwise directed by the Managing Beneficiary in accordance with Section 5.01(a), the Trustee will not be required to perform any obligations or duties of the Trust under the Indenture, which duties and obligations will be the sole responsibility of the Managing Beneficiary.

  • Such direction will be exercised at any time only by written instruction of the Managing Beneficiary delivered to the Trustee pursuant to this Article V.