Examples of Retiring Trustee in a sentence
She introduced Jamie Aubrey and Sean Boyles who were present.c. Recognition of Retiring Trustee John SargentChair Gebhardt said it was difficult to say goodbye.
The Retiring Trustee hereby transfers, assigns and novates in favour of the New Trustee all of its rights, title and interest as trustee in the assets of the Fund and hereby agrees to promptly execute any and all documentation and to do all other things as may be necessary to procure such transfer, assignment and novation of such assets in favour of the New Trustee on or as soon as reasonably practicable after the Effective Date.
The Trust Deed will be amended by a deed of retirement and appointment of trustee and variation (“Deed of Retirement and Appointment”) to reflect the retirement of the Retiring Trustee and the appointment of the New Trustee and other consequential amendments.
The Manager and the Distributor, in exercise of the power in that behalf conferred upon them by Clause 33(b) of the Trust Deed, hereby jointly appoint the New Trustee as a trustee of the Fund to act in the place of the Retiring Trustee who hereby retires and is discharged from the trusts of the Fund with effect from the Effective Date.
It is agreed that, with effect from the Effective Date, subject to the provisions of the Supplemental Deed (as extracted below), the Retiring Trustee retires and is released and discharged from further performance of its obligations and duties as trustee of the Trust but without prejudice to the rights of the Manager or of any Holder, former Holder or other person in respect of any act or omission accrued prior to such retirement.
The Manager agrees to appoint the New Trustee as replacement trustee in place of the Retiring Trustee with effect on and from the Effective Date.
The retirement of the Retiring Trustee will only take effect at the same time as the New Trustee takes up office.
For the avoidance of doubt, all the indemnities provided to the Retiring Trustee under the Trust Deed shall to the fullest extent permitted by law, continue to apply after the retirement of the Retiring Trustee, and the Retiring Trustee shall continue to be entitled to, and enjoy the benefit of, all such indemnities after its retirement for any liability that the Retiring Trustee may have incurred pursuant to the exercise of its powers and duties under the Trust Deed or at law.
Subject to paragraph (d) below, the Retiring Trustee confirms that, as of the Effective Date, there are no outstanding claims in respect of any trustee fees and charges accrued and payable during its term of service that have not been paid.
The aforesaid retirement and appointment are made on a voluntary basis upon discussion among the Manager, the Retiring Trustee and the New Trustee.