Competence of a Majority of Trustees Sample Clauses

Competence of a Majority of Trustees. Whenever there shall be more than two trustees hereof the majority of such trustees shall (provided such majority includes a trust corporation) be competent to execute and exercise all the trusts, powers, authorities and discretions vested by this Trust Deed in the Trustee generally.
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Competence of a Majority of Trustees. Whenever there shall be more than two trustees hereof the majority of such trustees shall (provided such majority includes a trust corporation) be competent to execute and exercise all the trusts, powers, authorities and discretions vested by these presents in the Trustee generally.
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Competence of a Majority of Trustees. If there are more than two Trustees the majority of them shall be competent to perform the Trustee’s functions provided the majority includes a trust corporation. 18 ECNs held in Clearing Systems and Couponholders
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Competence of a Majority of Trustees. If there are more than 2 Trustees the majority of them shall be competent to perform the Trustee'sTrustee’s functions provided the majority includes a trust corporation.
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Competence of a Majority of Trustees. ‌ If there are more than two Trustees the majority of such Trustees shall (provided such majority includes a trust corporation) be competent to execute and exercise all the duties, powers, trusts, authorities and discretions vested by this Principal Trust Deed and/or any Supplemental Trust Deed in the Trustee. 14 Trustee not precluded from entering into Contracts‌ Neither the Trustee nor any director or officer of a corporation acting as a Trustee or holding or associated company of such corporation shall be precluded from acquiring, holding, dealing in or disposing of the Notes, Receipts, Coupons or Talons of such Series or any of them or any shares or securities whatsoever of the Issuer or any other person or from otherwise at any time contracting or entering into any financial or other transactions with the Issuer or any other person or from being interested in any contract or transaction or from accepting and holding the office of trustee for the holders of any securities of the Issuer or any other person (in each case with the same rights as it would have had if the Trustee were not acting) and shall not be liable to account for any profit.
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Related to Competence of a Majority of Trustees

  • Appointment of Trustee The Depositor hereby appoints the Trustee as trustee of the Trust, effective as of the date hereof, to have all the rights, powers and duties set forth herein.

  • Replacement of Trustee A resignation or removal of the Trustee and appointment of a successor Trustee shall become effective only upon the successor Trustee's acceptance of appointment as provided in this Section. The Trustee may resign in writing at any time and be discharged from the trust hereby created by so notifying the Company. The Holders of Notes of a majority in principal amount of the then outstanding Notes may remove the Trustee by so notifying the Trustee and the Company in writing. The Company may remove the Trustee if:

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