Prior Trustees definition

Prior Trustees means the Series 1996 Trustee and the Series 1997 Trustee.
Sample 1
Prior Trustees means (i) U.S. Bank, National Association, as the trustee for the Water Facilities Revenue Refunding Bonds (Middlesex Water Company Project) Series 1993-B and the Water Facilities Revenue Bonds (Middlesex Water Company Project) Series 1993-C; and (ii) The Bank of New York Mellon as trustee for the other Prior Bonds.
Sample 1Sample 2

Examples of Prior Trustees in a sentence

  • The Issuer and the Prior Trustee acknowledge and agree that nothing contained herein or otherwise shall constitute an assumption by the Successor Trustee of any liability of the Prior Trustee arising out of any breach or default by the Prior Trustee in the performance or non-performance of the Prior Trustee's duties as Trustee, Paying Agent or Bond Registrar under the Indenture.

  • The Authority agrees to direct the Prior Trustees to pay and discharge the Prior Bonds on the Delivery Date upon receipt by the Prior Trustees of the proceeds of the Bonds.

  • Upon making such deposit with the Prior Trustees and the issuance of certain irrevocable instructions to the Prior Trustees pursuant to the Old Farebox Resolutions, the Refunded Bonds will, under the terms of the Old Farebox Resolutions, be deemed to have been paid and will no longer be Outstanding (as defined in the Old Farebox Resolutions) and will cease to be entitled to any lien, benefit or security under the Old Farebox Resolutions.

  • The Company shall, on the Issue Date, cause to be deposited in the bond funds for the Prior Bonds held by the Prior Trustees monies sufficient, together with the Bond proceeds so transferred on the Issue Date, to pay the total redemption price of the Prior Bonds on their redemption date, plus any fees and charges due the Prior Trustees.

  • The Issuer has authorized and directed the Trustee pursuant to the Indenture to transfer all of the proceeds from the sale of the Bonds to the Prior Trustees, each as trustee and paying agent for the respective series of the Prior Bonds.

  • The Escrow Agreements have each been duly authorized, executed and delivered by MTA, and, assuming the due authorization, execution and delivery of each of them by the Prior Trustees, each of the Escrow Agreements is a valid and binding obligation of MTA, enforceable in accordance with its respective terms.

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  • The Company shall also pay all of the expenses of the Prior Trustees in connection with the Refunding and all other reasonable fees and expenses incurred in connection with the issuance of the Bonds, including, but not limited to, all costs associated with any discontinuance of the book-entry system described in Section 2.10 of the Indenture.

  • The Company shall, at its own expense, pay to the Prior Trustees all amounts in excess of the proceeds of the Bonds and other moneys available to the Prior Trustees necessary to accomplish the refunding of the Prior Bonds as described in Section 4.01 of the Indenture.

  • The Issuer will thereupon deposit the proceeds received from the sale of the Bonds as follows: (1) in the Bond Fund, a sum equal to the accrued interest, if any, paid by the Underwriter; and (2) $84,800,000 in the Prior Bonds Redemption Fund to be remitted by the Trustee to the Prior Trustees for deposit in the Prior Bond Funds to be used to pay to the owners thereof the principal of the Prior Bonds upon redemption thereof.

Related to Prior Trustees

  • or "Trustees means each Person who has signed this Declaration as a trustee, so long as such Person shall continue in office in accordance with the terms hereof, and all other Persons who may from time to time be duly appointed, qualified and serving as Trustees in accordance with the provisions hereof, and references herein to a Trustee or the Trustees shall refer to such Person or Persons solely in their capacity as trustees hereunder.

  • Other Trustees Means the trustees under the Other Agreements, and any successor or other trustee appointed as provided therein.

  • Parent Trustees means the Trustees elected or appointed pursuant to Articles 53 – 56 inclusive;

  • Trustees refers to the persons who have signed this Agreement and Declaration of Trust, so long as they continue in office in accordance with the terms hereof, and all other persons who may from time to time be duly elected or appointed to serve on the Board of Trustees in accordance with the provisions hereof, and reference herein to a Trustee or the Trustees shall refer to such person or persons in their capacity as trustees hereunder;

  • Independent Trustees means the members of the Fund’s Board of Trustees who are not "interested persons" (as defined in the 0000 Xxx) of the Fund and who have no direct or indirect financial interest in the operation of this Plan or in any agreement relating to this Plan.

  • Issuer Trustees means, collectively, the Property Trustee and the Delaware Trustee.

  • Administrative Trustees shall have the meaning set forth in the Trust Agreement.

  • Indenture Trustees means the Senior Notes Indenture Trustee and the Subordinated Notes Indenture Trustee.

  • the Trustees means the directors of the Academy Trust (and “Trustee” means any one of those directors), subject to the definition of this term at Article 6.9 (e) in relation to Articles 6.2-6.9;

  • Master Trust Trustee means the entity acting as trustee under the applicable Pooling and Servicing Agreement.

  • NIM Trustee The trustee for the NIM Securities.

  • Continuing Trustee means any member of the Board of Trustees who either (a) has been a member of the Board of Trustees for a period of at least thirty-six months (or since the commencement of the Trust’s operations, if less than thirty-six months) or (b) was nominated to serve as a member of the Board of Trustees by a majority of the Continuing Trustees then members of the Board of Trustees.

  • Escrow Trustee means the bank or trust company designated by the Fiscal Officer in the Certificate of Award as the initial escrow agent with respect to the Refunded Bonds under the Escrow Agreement and until a successor Escrow Trustee shall have become such pursuant to the provisions of the Escrow Agreement and, thereafter, "Escrow Trustee" shall mean the successor Escrow Trustee.

  • the Macfarlane Trust means the charitable trust, established partly out of funds provided by the Secretary of State to the Haemophilia Society, for the relief of poverty or distress among those suffering from haemophilia;

  • the Trust Fund means the Bond(s) referred to in the First Schedule to the Declaration of Trust and the property from time to time representing the same (and also includes any other property which may become Trust Property as a result of any loan to the Trustees or any addition by way of gift or any accumulation of income).

  • Owner Trustee means Wilmington Trust Company, a Delaware trust company, not in its individual capacity but solely as owner trustee under this Agreement, and any successor Owner Trustee hereunder.

  • Delaware Trustee means, with respect to the Trust, the Person identified as the “Delaware Trustee” in the Trust Agreement, solely in its capacity as Delaware Trustee of the Trust under the Trust Agreement and not in its individual capacity, or its successor in interest in such capacity, or any successor Delaware Trustee appointed as therein provided.

  • Outside Trustee With respect to an Outside Serviced Mortgage Loan, the trustee under the applicable Outside Servicing Agreement.

  • Eligible Lender Trustee shall also mean each successor Eligible Lender Trustee as of the qualification of such successor as Eligible Lender Trustee under the Trust Agreement.

  • Liquidating Trust Agreement means an agreement evidencing the terms and provisions governing a Liquidating Trust that shall be entered into prior to the establishment of such Liquidating Trust and pursuant to which a Liquidating Trustee shall manage and administer Liquidating Trust Assets.

  • Delaware Trust Statute means the Delaware Statutory Trust Act, Chapter 38 of Title 12 of the Delaware Code, 12 Del. C. § 3801 et seq., as the same may be amended from time to time.

  • Property Trustee means the Person identified as the “Property Trustee” in the Trust Agreement, solely in its capacity as Property Trustee of the Trust under the Trust Agreement and not in its individual capacity, or its successor in interest in such capacity, or any successor Property Trustee appointed as therein provided.

  • Initial Trustee shall have the meaning defined in the preamble hereto.

  • Master Trust Agreement means the Second Amended and Restated Trust Agreement, dated as of May 8, 2019, between Verizon ABS II LLC, as depositor, and the Master Trust Owner Trustee, as amended, restated, supplemented or modified from time to time.

  • Additional Trust Fund Expense Any expense of the Trust Fund that (i) arises out of a default on a Mortgage Loan or a Serviced Pari Passu Companion Loan or an otherwise unanticipated event, (ii) is not included in the calculation of a Realized Loss, (iii) is not covered by a Servicing Advance or a corresponding collection from the related Borrower, and (iv) is not covered by Default Charges collected on the Mortgage Loans to the extent provided herein.

  • Liquidating Trustee has the meaning set forth in Section 6.2(a).