TRUSTEE PROVISIONS definition

TRUSTEE PROVISIONS is defined in Section 4.1 of the Collateral Maintenance Agreement.
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TRUSTEE PROVISIONS. Insert the following new Section 15, after Section 14: PARTY B'S LIMITATION OF LIABILITY (a) (LIMITATION ON PARTY B'S LIABILITY): Party B enters into this Agreement only in its capacity as trustee of the Fund and in no other capacity. A liability incurred by Party B acting in its capacity as trustee of a Warehouse Fund or Sub-Fund arising under or in connection with this Agreement is limited to and can be enforced against Party B only to the extent to which it can be satisfied out of the assets of the Warehouse Fund or Sub-Fund out of which Party B is actually indemnified for the liability. This limitation of Party B liability applies despite any other provision of this Agreement (other than Section 15(c)) and extends to all liabilities and obligations of Party B in any way connected with any representation, warranty, conduct, omission, agreement or transaction related to this Agreement. (b) (CLAIMS AGAINST PARTY B): The parties other than Party B may not ▇▇▇ Party B in respect of liabilities incurred by Party B acting in its capacity as trustee of a Warehouse Fund or Sub-Fund in any other capacity other than as trustee of that Warehouse Fund or Sub-Fund, including seek the appointment of a receiver (except in relation to assets of that Warehouse Fund or Sub-Fund), a liquidator, an administrator, or any similar person to Party B or prove in any liquidation, administration or arrangements of or affecting Party B (except in relation to the assets of that Warehouse Fund or Sub-Fund).
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Related to TRUSTEE PROVISIONS

  • Trustee Agreement means the trustee agreement entered into on or before the Issue Date, between the Issuer and the Trustee, or any replacement trustee agreement entered into after the Issue Date between the Issuer and a trustee, regarding, inter alia, the remuneration payable to the Trustee or a replacement trustee.

  • Trustee Acts means both the Trustee ▇▇▇ ▇▇▇▇ and the Trustee ▇▇▇ ▇▇▇▇ of England and Wales.

  • Trustee Functions means the functions set out in paragraph 6;

  • Grantor Trust Provisions Subpart E of part I of subchapter J of the Code and Treasury Regulations Section 301.7701-4(c).

  • Trustee Mortgage File The mortgage documents listed in Section 2.01 hereof pertaining to a particular Mortgage Loan and any additional documents required to be added to the Trustee Mortgage File pursuant to this Agreement.