the Trustee definition

the Trustee s responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Master Servicer. By each Determination Date the Master Servicer shall provide to the Trustee in electronic form the information needed to determine the distributions to be made pursuant to Section 4.02 and any other information on which the Master Servicer and the Trustee mutually agree.

the Trustee means the party of the second part hereto, UMB Bank & Trust, n.a., and, subject to the provisions of Article XVIII of the Original Indenture, shall also include its successors and assigns.

the Trustee means the person appointed as Trustee of the Fund and in this Offering Circular means JCSD Trustee Services Limited.

Examples of the Trustee in a sentence

• In the event the Custodian merges, reorganizes, is acquired or changes its name, the surviving entity will become the Trustee or Custodian of the IRA provided that it is authorized to serve in that capacity pursuant to the Code.

• In the event that the security created by the Issuer is enforced, and the proceeds of such enforcement are, after making payment to all senior ranking creditors, insufficient to pay all amounts due to such ETP Securityholders in full, the Issuer shall have no liability, obligation or debt for any shortfall in payment and none of the ETP Securityholders or the Trustee (or any other party acting on their behalf) may take any further action to recover such amounts.

• Any such ETP Securityholder Notice and Direction must be substantially in the form set out in the Elavon Agency Agreement which is available from the Issuing and Paying Agent, any Paying Agent and/or the Trustee.

• Neither the Trustee nor any receiver appointed by it or any attorney or agent of the Trustee will, by reason of taking possession of any assets or any other reason and whether or not as mortgagee in possession, be liable to account for anything except actual receipts or be liable for any loss or damage arising from the realisation of such assets or from any act or omission to such assets or otherwise unless such loss or damage shall be caused by its own fraud, gross negligence or wilful default.

• The Issuer may at any time without requiring the prior written approval of the Trustee or the ETP Securityholders but subject to and in accordance with the provisions of the relevant Programme Documents, terminate the appointment of an Agent, replace an Agent or appoint additional or other Agents.

More Definitions of the Trustee

the Trustee means the Trustee or Trustees for the time being of this Trust (as named in these terms of trust) whether original, additional or substituted.

the Trustee. The Trustee for the time being of the Trust Deed dated the 12th day of October 1989 and made between the Company of the one part and G.S.O’B Trustees Limited of the other part.

the Trustee means the trustee or trustees for the time being of any trust established for the benefit of the employees of the Company and/or Subsidiaries;

the Trustee. The Trustee referred to at the top of This Deed and/or any party that shall serve from time to time as the Trustee of the Bondholders pursuant to This Deed;

the Trustee and concomitant changes in this Section and Section 1007, or the deletion of this proviso, in accordance with the requirements of Sections 611(b) and 901(8), or

the Trustee. S RESPONSIBILITY REGARDING PAYMENTS TO A TRUST BENEFICIARY WHEN THE COMPANY IS INSOLVENT................... 8

the Trustee is the beneficiary of the Limited Guarantee. No later than 1:00 p.m. New York City time on each Remittance Date, after taking into account the amounts allocated to the various Subaccounts in accordance with Section 5(b) hereof, the Trustee shall, in accordance with the related Remittance Report and in accordance with the terms of the Limited Guarantee, notify the Guarantor of any Limited Guarantee Payment Amount payable under the Limited Guarantee on the related Distribution Date. In addition, the Servicer shall notify the Guarantor as soon as practical (but no later than the related Remittance Date) after determining that a Limited Guarantee Payment Amount shall be payable under the Limited Guarantee on the related Distribution Date. Under the Limited Guarantee, upon receipt of notice as described above, the Guarantor shall be required to deliver the Limited Guarantee Payment Amount, if any, on or prior to the Remittance Date for the related Distribution Date. Such Limited Guarantee Payment Amount received by the Trustee shall be paid to the Holders of the Class B-2 Certificates on such Distribution Date (or such later date, if such amounts are received subsequent to such Distribution Date). In no event shall the Limited Guarantee Payment Amount be distributed on any Class of Certificates other than the Class B-2 Certificates and any such amounts received by the Trustee which are not distributable to the Class B-2 Certificates shall be returned by the Trustee to the Guarantor. The Trustee shall promptly notify the Rating Agencies in the event a Limited Guarantee Payment Amount, if any, is not received in a timely manner with respect to a Distribution Date. Any Limited Guarantee Payment Amounts made by the Guarantor to the Trustee shall be made in cash and shall be considered to be payments made to the Issuing REMIC in the nature of a guarantee within the meaning of I.R.C. ss. 860G(d)(2)(B).