Trustees Emeritus definition

Trustees Emeritus means any former Trustees who, from time to time, are appointed by the Trustees to serve as trustees emeritus of the Trust in accordance with the guidelines and conditions for such service adopted by the Trustees from time to time, for so long as they serve in that capacity. Trustees Emeritus, in their capacity as such, are not Trustees of the Trust for any purpose, and shall not have any powers or obligations of Trustees hereunder.
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Trustees Emeritus means, collectively, those former Trustees who, from time to time, are appointed by the Trustees to serve as trustees emeritus of the Trust in accordance with the guidelines and conditions for such service adopted by the Trustees from time to time, for so long as they serve in that capacity. Trustees Emeritus, in their capacity as such, are not Trustees of the Trust for any purpose and have no powers or obligations of Trustees hereunder.
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Examples of Trustees Emeritus in a sentence

  • Every note, bond, contract, instrument, certificate or undertaking and every other act or thing whatsoever executed or done by or on behalf of the Trust, any Sub-Trust or the Trustees or Trustees Emeritus or any of them in connection with the Trust shall be conclusively deemed to have been executed or done only by or for the Trust (or the Sub-Trust) or the Trustees or the Trustees Emeritus and not personally.

  • Nothing contained in this Article VI shall affect any rights to indemnification to which personnel of the Trust, other than Trustees, Trustees Emeritus and officers, and other persons may be entitled by contract or otherwise under law, nor the power of the Trust to purchase and maintain liability insurance on behalf of any such person.

  • All persons extending credit to, contracting with or having any claim against the Trust shall look only to the assets of the Sub-Trust with which such person dealt for payment under such credit, contract or claim; and neither the Shareholders of any Sub-Trust nor the Trustees, nor the Trustees Emeritus, nor any of the Trust’s officers, employees or agents, whether past, present or future, nor any other Sub-Trust shall be personally liable therefor.

  • Good Faith Action; Expert Advice; No Bond or Surety 15 Section 6.3. Indemnification of Shareholders 16 Section 6.4. Indemnification of Trustees, Trustees Emeritus, Officers, etc 16 (continued) Section 6.5. Compromise Payment 16 Section 6.6. Indemnification Not Exclusive, etc 17 Section 6.7. Liability of Third Persons Dealing with Trustees 17 ARTICLE VII.

  • All persons extending credit to, contracting with or having any claim against the Trust shall look only to the assets of the Sub-Trust with which such person dealt for payment under such credit, contract or claim; and neither the Shareholders of any Sub-Trust nor the Trustees, nor the Trustees Emeritus, nor any of the Trust's officers, employees or agents, whether past, present or future, nor any other Sub-Trust shall be personally liable therefor.

  • No Bond or Surety 24 Section 6.3 Indemnification of Shareholders 24 Section 6.4 Indemnification of Trustees, Trustees Emeritus, Officers, etc.

  • Nothing contained in this Article 6 shall affect any rights to indemnification to which personnel of the Trust, other than Trustees, Trustees Emeritus and officers, and other persons may be entitled by contract or otherwise under law, nor the power of the Trust to purchase and maintain liability insurance on behalf of any such person.

  • Action Expert Advice No Bond or Surety 21 Section 6.3 Indemnification of Shareholders 21 Section 6.4 Indemnification of Trustees, Trustees Emeritus, Officers, etc.

  • To establish one or more committees, to delegate any powers of the Trustees to such committees and to adopt a committee charter providing for such responsibilities, membership (including Trustees, Trustees Emeritus, officers or other agents of the Trust) and other characteristics of such committees as the Trustees may deem proper.

  • The Trustees may from time to time elect one or more persons as Trustees Emeritus.