Examples of Trust Activities in a sentence
The Issuer Trustee, in doing anything or permitting anything to be done in respect of the execution of the duties of its office or in respect of the Trust Property or the Trust Activities is, and will be conclusively deemed to be, acting as trustee of the Trust and not in any other capacity.
Should the Issuer Trustee determine that the use of the name of the Trust is not practicable, legal or convenient, it may use such other designation or adopt such other name for the Trust as it deems proper and the Trust may hold property and conduct the Trust Activities under such other designation or name.
The Issuer Trustee will not be required to devote its entire time to the Trust Activities.
Any determination as to what is necessary, proper or desirable in order to carry on the Trust Activities in accordance with the Programme Agreements or otherwise, provided it is made by the Issuer Trustee honestly and in good faith, will be conclusive.
The Issuer Trustee will have power to pay all taxes or assessments of whatever kind or nature imposed upon the Issuer Trustee and/or the Trust in connection with the Trust Property or upon or against the income from the Trust Activities or any part thereof, to settle and compromise disputed tax liabilities and, for the foregoing purposes, to make such returns and do all such other acts and things as may be deemed by the Issuer Trustee necessary or desirable.
At all times (including, without limitation, at any time the Issuer Trustee should resign or be discharged from the trusts and powers reposed in or conferred on it by this Declaration of Trust), the Issuer Trustee (or the trustee so resigning and being discharged, as the case may be) will treat as confidential all information relating to the Trust, the Trust Activities and the transactions contemplated by the Programme Agreements obtained by it in its capacity as Issuer Trustee.
In accordance with and subject to the terms of the Programme Agreements, the Issuer Trustee will have power to appoint, employ or contract with any Person as the Issuer Trustee may deem necessary or desirable for the transaction of the Trust Activities and may transfer assets to such Person and delegate to such Person any or all of the discretionary powers given to the Issuer Trustee with respect to the management of the Trust Property.