Establishment. On and after the Closing Date, the Indenture Trustee will maintain the Bank Accounts established by the Servicer under Section 4.1 of the Sale and Servicing Agreement.
Establishment. Through a trust agreement executed contemporaneously with this amendment, the State and the Agricultural Contractors that sign the Monterey Amendments shall establish the Agricultural Rate Management Trust Fund with a mutually agreed independent trustee.
Establishment. (a) There is hereby established a new series of Securities to be issued under the Indenture, to be designated as the Company’s 7 1/2% Senior Subordinated Notes due 2017.
Establishment. (a) The Parties shall, within 30 days following Financial Close, establish a committee (the “Works Committee”) consisting of:
Establishment. There is hereby established a Board of Directors (the “Board of Directors”) comprised of natural Persons (the “Directors”) having the authority and duties set forth in this Agreement and the Act. For all business that is put to the vote of the Board of Directors, each Director shall be entitled to one vote. Any decisions to be made by the Board of Directors shall require the approval of a majority of the Board of Directors. Except as provided in the immediately preceding sentence, no Director acting alone, or with any other Director or Directors, shall have the power to act for or on behalf of, or to bind the Company in his or her capacity as a Director. Each Director shall be a “manager” (as that term is defined in the Act) of the Company, but, notwithstanding the foregoing, no Director shall have any rights or powers beyond the rights and powers granted to such Director in this Agreement. Directors need not be residents of the State of Delaware.
Establishment. On or before the issuance of the 2018-B Exchange Note, the Servicer will establish the Reserve Account according to Section 4.1(a) of the Servicing Supplement.
Establishment. The Board may by resolution passed by a majority of the Board designate one or more committees, each committee to consist of one or more of the directors of the Corporation. Each committee shall keep regular minutes of its meetings and report the same to the Board when required. The Board shall have the power at any time to fill vacancies in, to change the membership of, or to dissolve any such committee.
Establishment. On or prior to the Closing Date, the Trust, or the Servicer on behalf of the Trust, caused the following segregated trust accounts or subaccounts to be established as Trust Financing Accounts solely for Series 2024-1 in accordance with Section 9.2 of the Master Collateral Agreement at a Qualified Institution (which will initially be the corporate trust department of U.S. Bank National Association), in the name “U.S. Bank Trust Company, National Association, as Note Paying Agent, for the benefit of the Indenture Trustee, as secured party for Verizon Master Trust, Series 2024-1,” designated as follows:
Establishment. There is hereby established a new series of senior notes to be issued under the Indenture, to be designated as the Company's 6.375% Senior Notes due June 15, 2034 (the "2034 Senior Notes"). There are to be authenticated and delivered 2034 Senior Notes, initially limited in aggregate principal amount of $400,000,000, and no further 2034 Senior Notes shall be authenticated and delivered except as provided by Section 2.05, 2.07, 2.11, 3.03 or 9.04 of the Original Indenture; provided, however, that the aggregate principal amount of the 2034 Senior Notes may be increased in the future, without the consent of the holders of the 2034 Senior Notes, on the same terms and with the same CUSIP and ISIN numbers as the 2034 Senior Notes. The 2034 Senior Notes shall be issued in fully registered form. The 2034 Senior Notes shall be issued in the form of one or more Global Securities in substantially the form set out in Exhibit A hereto. The Depositary with respect to the 2034 Senior Notes shall be The Depository Trust Company. The form of the Trustee's Certificate of Authentication for the 2034 Senior Notes shall be substantially in the form set forth in Exhibit B hereto. Each 2034 Senior Note shall be dated the date of authentication thereof and shall bear interest from the date of original issuance thereof or from the most recent Interest Payment Date to which interest has been paid or duly provided for.
Establishment. The General Partner hereby establishes a partner management committee (the “Partner Management Committee”), initially consisting of Xxxxxx X. Och, Xxxxx Xxxxxxxxx, Xxxx Xxxxx, Xxxxxxx Xxxxx, Xxxxxx Xxxxx, Xxxxxx Xxxxx and Xxxxx-Xxxxx Xxxxx, with Xxxxxx X. Och serving as its Chairman, until its membership is changed in accordance with Section 4.2(b). The Partner Management Committee shall have the powers and responsibilities described in Section 4.2(d).
