Restricted Appointment definition

Restricted Appointment means (a) any Appointment for which the applicable Authorizations have not been obtained, and (b) any Appointment for which the maturity date of the applicable Corporate Trust Contract is on or before June 30, 2022.
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Restricted Appointment means a temporary appointment or combination of temporary appointments not to exceed a cumulative total of six months in a calendar year for a person.
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Examples of Restricted Appointment in a sentence

  • The Delaware Trust Assets Purchaser shall be the Servicer engaged to perform and discharge the Serviced Duties in respect of each Appointment of ▇▇▇▇▇ Trust Company that continues to be treated as a Restricted Appointment.

Related to Restricted Appointment

  • Serviced Appointment has the meaning set forth in Section 1.1.

  • Excluded Appointments means those Appointments designated from time to time as "Excluded Appointments" by agreement of the parties.

  • Succeeded Appointment means any Appointment for which a Succession Time has occurred.

  • Initial appointment means appointment made otherwise than by promotion or transfer;

  • Power of appointment means a power that enables a powerholder acting in a nonfiduciary capacity to designate a recipient of an ownership interest in or another power of appointment over the appointive property. The term does not include a power of attorney.