Initial Trustee definition

Initial Trustee shall have the meaning defined in the preamble hereto.

Initial Trustee means the person or persons who have signed this Declaration of Trust;

Initial Trustee shall have the meaning defined in Section 4.1(a) hereof.

Examples of Initial Trustee in a sentence

• Subject to the other provisions of this Trust Agreement, the Trustees hereby accept the Trust as governed by the provisions of this Trust Agreement.Each Initial Trustee shall serve as Trustee of this Trust upon signing this Trust Agreement.

• Neither the Initial Trustee nor any of its successors has any responsibility to the Noteholders, the Issuer Secured Creditors or the Funding 1 Secured Creditors for the validity, sufficiency or enforceability of the Issuer Security and the Funding 1 Security (which the Initial Trustee has not investigated) and shall accept such title and interest as any chargor or mortgagor has without responsibility for investing the same or any defect there may be therein.

• Neither the Initial Trustee nor any of its successors are responsible for monitoring the performance by any person of its obligations to the Issuer, Funding 1, any New Issuer, any Further Funding Companies or any obligor and each may assume until it has actual knowledge to the contrary that such obligations are being duly performed.

• Citicorp Trustee Company Limited (the Initial Trustee) is acting as Note Trustee under the Note Trust Deed and as Issuer Security Trustee under the Issuer Deed of Charge and as Funding 1 Security Trustee under the Funding 1 Deed of Charge (and while doing so the Initial Trustee and any successor which acts in all such capacities are referred to in this Condition as the Trustee).

• Each Initial Trustee shall serve as Trustee of this Trust upon signing this Trust Agreement.

More Definitions of Initial Trustee

Initial Trustee means Jxxxx X. Xxxxx, in his capacity as the initial trustee of the Trust under the Original Declaration of Trust.

Initial Trustee means Caribou Capital Corp.;

Initial Trustee has the meaning set forth in the Recitals hereto.

Initial Trustee means Peter K. Werner, the person who signed the Trust's Certificate of Trust;

Initial Trustee means an “initial trustee” as defined in a Trust Agreement;

Initial Trustee means G. Michael Newman.

Initial Trustee means Michael P. Forsayeth;