Program Trustee definition

Program Trustee means a bank or trust company, or the State Treasurer, chosen by the Authority from time to time to hold or administer some or all of the Loss Reserve Accounts.

Program Trustee means the trustee appointed by or pursuant to Section 801 of the Program Resolution, and any successor or successors thereto appointed pursuant to the Program Resolution;

Program Trustee means a bank or trust company, or the State Treasurer, chosen by the Authority to hold or administer some or all of the Loss Reserve Accounts on behalf of the Authority.

Examples of Program Trustee in a sentence

• Failure to submit timely and complete Quarterly Reports will result in the suspension of any pending loan enrollments or claim applications from that Participating Financial Institution, and transfer of any Loss Reserve Accounts held by the Participating Financial Institution to the Program Trustee.

• An Independent Contributor must pay all fees of the Program Trustee attributable to the funds that the Independent Contributor deposits with the Program Trustee.

• The Authority shall be authorized to terminate an Independent Contributor's participation in the Program at any time, upon written notice, for any cause, including, but not limited to, failure to maintain a minimum deposit of at least $5,000 with the Program Trustee.

• Upon enrollment of a Qualified Loan, the Contribution shall be transferred for deposit in the Loss Reserve Account (1) by the Authority or (2) by an Independent Contributor, and the Program Trustee shall notify the Participating Financial Institution of the transfer and of the source of funds from which the transfer was made.

• Although we will not take any of the above actions as against the CMHC, an NHA Program Trustee or the mortgage insurer, we do not waive, disclaim, discharge or release all or any part of the Mortgage security or any other security as against any other person, including you, the Customer and any other person having or taking an interest in the Property.

More Definitions of Program Trustee

Program Trustee means U.S. Bank National Association, as trustee under the Program Trust Agreement, or its successors.

Program Trustee means the trustee appointed by or pursuant to Section 801 hereof, and any successor or successors thereto appointed pursuant to this Program Resolution;

Program Trustee means the program trustee under the Program Resolution;

Program Trustee means the program trustee under the Program Resolution; “Project” means each of the Water Pollution Abatement or Drinking Water Projects of the Borrower identified in Schedule A of the Financing Agreement and more fully described in the applicable Project Approval Certificate, as the same may be amended from time to time as provided in the related Project Regulatory Agreement;

Program Trustee means Wells Fargo Bank, National Association, as trustee under the

Program Trustee means Wells Fargo Bank, National Association, as trustee under the Program Trust Agreement, or its successors and permitted assigns.

Program Trustee means a bank or trust company, or the State Treasurer, chosen by the