Original Trustee definition

Original Trustee means the person identified as the ‘Original Trustee’ in Schedule 2 (Parties and Notice Details).

Original Trustee has the meaning set forth in the Declarations.

Original Trustee has the meaning specified in Section 301.

Examples of Original Trustee in a sentence

• In July 2007, First Citizens Trustee Services Limited was appointed Trustee to replace the Original Trustee who retired.

• At any time Beneficiary may appoint in writing a successor trustee, or discharge and appoint a new Trustee in the place of any Trustee named herein, and upon the recording of such appointment in the mortgage records of the county in which this Deed of Trust is recorded, the successor trustee shall be vested with all powers of the Original Trustee.

• The Extraordinary Resolution, if passed, constitutes (amongst other things) (i) the approval by Noteholders of the Deutsche Bank Removal, (ii) the approval by Noteholders of the HSBC Appointment and (iii) a direction by the Noteholders of the Notes to the Original Trustee to consent to and to concur in the Proposed Amendments in order to implement the Trustee/Agent Transition, by way of entry into the Amendment Documents (together, the Proposal).

• In this case, the Family Trust document states clearly that the trust is revocable, but with two important caveats: first, only the Original Trustee can revoke the trust and, second, if he does so, the portion of the trust property to which the revocation is applicable goes to the beneficiaries outright.21 Under no condition does the property revert to Kimball, the Settlor.

• On the Transfer Date, each of the Original Trusts will transfer and assign all of its assets and rights to a substantially identical Successor Trust, and the New Trustee thereof will assume the obligations of the related Original Trustee under each transaction document to which such Original Trustee was a party.

More Definitions of Original Trustee

Original Trustee is defined in the introductory paragraph.

Original Trustee shall have the meaning ascribed to it above; “quarter” means the months of March, June, September and December. “Regulations” shall have the meaning ascribed to it above; ʺTerritoryʺ shall have the meaning ascribed to it above; ʺTrustʺ means the trust constituted by this Deed; ʺTrustee Act” means the Trustee Act or Ordinance of the 1991 Revised Edition of the Laws of the Territory, Chapter 303; ʺTrusteeʺ means the Original Trustee or the trustee for the time being of this Trust;

Original Trustee means Poul Winslow, as referred to above;

Original Trustee means The Bank of New York.

Original Trustee means U.S. Bank National Association, in its capacity as trustee under the Indenture, and together with its successors in such capacity.

Original Trustee means Bank of Montreal Trust Company. The term “Original Co-Trustee” shall mean Z. Xxxxxx Xxxxxxxxx. The term “Outstanding”, subject to the provisions of Sections 12.07 and 18.07 hereof, shall mean as of any particular time with respect to bonds issued or issuable under this Indenture all bonds which theretofore shall have been authenticated and delivered by the Trustee under this Indenture, except (a) bonds theretofore paid, retired, redeemed, discharged or cancelled, or bonds for the purchase, payment or redemption of which money in the necessary amount shall have been deposited with or shall then be held by the Trustee with irrevocable direction so to apply the same, provided that, in the case of redemption, the notice required by Article X hereof shall have been given or have been provided for to the satisfaction of the Trustee, (b) bonds deposited with or held in pledge by the Trustee under any of the provisions of this Indenture, including any so held under any sinking or other fund, and (c) bonds authenticated and delivered hereunder, upon transfer of which or in exchange or substitution for and/or in lieu of which other bonds have been authenticated and delivered under any of the provisions of this Indenture.

Original Trustee has the meaning specified in the Recitals of this Indenture.