RCL Trustee definition

RCL Trustee means First Union Bank of Delaware not in its individual capacity but solely as trustee of RCL Trust 1996-1.
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RCL Trustee means First Union Trust Company, National Association not in its individual capacity but solely as trustee of RCL Trust 2000-1.
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RCL Trustee means First Union Bank of Delaware, a Delaware banking corporation, not in its individual capacity but solely as trustee of RCL Trust 1996-1.
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Examples of RCL Trustee in a sentence

  • The RCL Trustee shall not invest any amounts deposited in the RCL Account.

  • The RCL Trustee shall have no liability for (i) the failure to invest amounts deposited in the RCL Account, or (ii) for failing to take any action or to refrain from taking any action for the reasons described in Sections 6.4(b) and 6.4(c).

  • Section 10.1 No Legal Title to RCL Assets; Direction of RCL Trustee Actions.

  • The RCL Trustee or any such co-trustee and/or separate trustee shall at all times hold the RCL Assets on behalf of the RCL Beneficiaries.

  • Legal title to all the RCL Assets shall be vested at all times in RCL or, if required by applicable law, the RCL Trustee or a co-trustee and/or a separate trustee, as the case may be.

  • The RCL Account shall be under the sole dominion and control of the RCL Trustee for the benefit of the RCL Beneficiaries.

  • Each RCL Beneficiary, acknowledges that such RCL Beneficiary holds a beneficial interest in RCL only and does not have any other interest in the property or assets of RCL or the RCL Trustee.

  • The RCL Trustee shall sign on behalf of RCL any and all tax returns of RCL, unless applicable law requires a RCL Beneficiary to sign such documents, in which case such documents shall be signed by Ford Credit Leasing.

  • The RCL Trustee hereby acknowledges receipt in trust from each Grantor, as of the date hereof, of the foregoing contributions, which constitute the initial RCL Assets.

  • Effective as of the date hereof, the RCL Trustee shall have all the rights, powers and duties set forth herein.