Acknowledgment of Trustee Sample Clauses

The Acknowledgment of Trustee clause serves to formally recognize the appointment and acceptance of a trustee under a trust agreement or related legal document. In practice, this clause typically requires the trustee to confirm their understanding of the trust's terms and their willingness to act in accordance with their fiduciary duties. By including this clause, the document ensures that the trustee is aware of their responsibilities and obligations, thereby reducing the risk of disputes or misunderstandings regarding the trustee's role.
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Acknowledgment of Trustee. Subject to Section 9.10, the Indenture Trustee acknowledges and agrees that it holds each item of Collateral within its possession or control on behalf of and for the benefit of the Secured Parties. Notwithstanding any other provision of this Indenture, the Indenture Trustee shall not hold any item of Collateral through an agent or nominee except as expressly permitted by the Transaction Documents to which it is a party. The Collateral delivered to the Indenture Trustee pursuant to the Pledge Agreement shall be held by the Indenture Trustee at all times during which such Collateral is in its possession pursuant to the Indenture Trustee’s internal policies and procedures relating to holding property of the type substantially similar to such Collateral.
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Acknowledgment of Trustee. The Trustee hereby acknowledges receipt of the following documents pursuant to the provisions of the Senior Indenture: (a) An Officers' Certificate of ▇▇▇▇▇▇ stating that, among other things, to the knowledge of the signing officers, all conditions precedent provided for in the Senior Indenture relating to the execution and delivery of this Supplemental Indenture have been complied with. (b) A Certificate of Board Resolution certifying the adoption of certain resolutions by the board of directors of ▇▇▇▇▇▇. (c) An Opinion of Counsel specifying, among other things, that all conditions precedent provided for in the Senior Indenture relating to the execution and delivery of this Supplemental Indenture have been complied with.
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Acknowledgment of Trustee. The Trustee hereby confirms and agrees that, until the Trust terminates pursuant to the terms of this Agreement, it will hold all estate, right, title, and interest in and to the Trust as trustee for the Beneficiaries solely (a) to fund disbursements pursuant to this Agreement and (b) to secure and perform the undertakings and obligations of StadCo and the Authority with respect to the development, design, and construction of the Project Improvements (as hereinafter defined) pursuant to the Development Agreement, and provide the resulting benefit to the Beneficiaries (as hereinafter defined) pursuant to the terms, conditions, and provisions hereof.
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Acknowledgment of Trustee. The Trustee hereby acknowledges and consents to NFC's assignment to the NFC Collateral Agent under the NFC Collateral Agreement for the benefit of the NFC Secured Parties of all of NFC's right, title and interest as the Series 1996-2 Noteholder in and to the Series 1996-2 Note, the Master Collateral for the Series 1996-2 Note and the Collateral from time to time.
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Acknowledgment of Trustee. The undersigned Trustee acknowledges receipt of and agrees to perform those functions required of it pursuant to the provisions of Sections 2 and 8 of this Bond Purchase Agreement: SUNTRUST BANK, as Trustee SUNTRUST BANK CORPORATE SEAL By: /s/ ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇ Assistant Vice President Attest: /s/ ▇▇▇▇▇▇ ▇▇▇▇ Name: ▇▇▇▇▇▇ ▇▇▇▇ Title: Trust Officer ADESA Atlanta, LLC Atlanta, Georgia Development Authority of ▇▇▇▇▇▇ County Atlanta, Georgia ▇▇▇▇▇▇ & Bird LLP Atlanta, Georgia SunTrust Bank Atlanta, Georgia Ladies and Gentlemen: As counsel for the Development Authority of ▇▇▇▇▇▇ County (the “Issuer”), I have considered the validity of the above captioned bonds (the “Bonds”), and in this connection I have examined the following:
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Acknowledgment of Trustee. The City acknowledges that the District intends to pledge and convey this Agreement, the City Bonds, its rights hereunder and thereunder, and all revenues and receipts derived or to be derived hereunder and thereunder to the Trustee in trust for the security of the District Bonds, and the City hereby consents to such pledge and conveyance.
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Acknowledgment of Trustee. BOKF, N.A., as trustee, hereby acknowledges the execution and delivery of this Assignment and Assumption of Lease Agreements, Related Bond Documents, Performance Agreement and Development Agreement dated as of the date first set forth above, among JVM VILLAGE WEST APARTMENTS, LLC, AVANTI RESIDENTIAL VILLAGE WEST TIC I, LLC, AVANTI RESIDENTIAL-VILLAGE WEST TIC II, LLC and AVANTI RESIDENTIAL-VILLAGE WEST TIC III, LLC and the UNIFIED GOVERNMENT OF WYANDOTTE COUNTY/KANSAS CITY, KANSAS. as Trustee By: Name: Title: STATE OF ) ) SS. COUNTY OF ) BE IT REMEMBERED, that on this day of , 2021, before me the undersigned, a Notary Public in and for the County and State aforesaid, came , of ▇▇▇▇, N.A., who is personally known to me to be such officer, and who is personally known to me to be the same person who executed, as such officer, the within instrument on behalf of said bank, and such officer ▇▇▇▇ acknowledged the execution of the same to be the act and deed of said bank. IN TESTIMONY WHEREOF, I have hereunto set my hand and affixed my notarial seal, the day and year last above written. Notary Public [SEAL] My commission expires: .
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Related to Acknowledgment of Trustee

  • Acknowledgment of Discharge by Trustee Subject to Section 8.07, after (i) the conditions of Section 8.01 or 8.02 have been satisfied, (ii) the Company has paid or caused to be paid all other sums payable hereunder by the Company and (iii) the Company has delivered to the Trustee an Officers' Certificate and an Opinion of Counsel, each stating that all conditions precedent referred to in clause (i) above relating to the satisfaction and discharge of this Indenture have been complied with, the Trustee upon written request shall acknowledge in writing the discharge of the Company's obligations under this Indenture except for those surviving obligations specified in Section 8.03.

  • Acknowledgment of Obligations I acknowledge that my obligations under this Agreement are in addition to, and do not limit, any and all obligations concerning the same subject matter arising under any applicable law including, without limitation, common law duties of loyalty and common law and statutory law relating to trade secrets.

  • Replacement of Trustee (a) A resignation or removal of the Trustee and appointment of a successor Trustee will become effective only upon the successor Trustee’s acceptance of appointment as provided in this Section 7.08. (b) 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 a majority in aggregate 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: (1) the Trustee fails to comply with Section 7.10 hereof; (2) the Trustee is adjudged a bankrupt or an insolvent or an order for relief is entered with respect to the Trustee under any Bankruptcy Law; (3) a custodian or public officer takes charge of the Trustee or its property; or (4) the Trustee becomes incapable of acting. (c) If the Trustee resigns or is removed or if a vacancy exists in the office of Trustee for any reason, the Company will promptly appoint a successor Trustee. Within one year after the successor Trustee takes office, the Holders of a majority in aggregate principal amount of the then outstanding Notes may appoint a successor Trustee to replace the successor Trustee appointed by the Company. (d) If a successor Trustee does not take office within 60 days after the retiring Trustee resigns or is removed, the retiring Trustee, the Company, or the Holders of at least 10% in aggregate principal amount of the then outstanding Notes may petition any court of competent jurisdiction for the appointment of a successor Trustee. (e) If the Trustee, after written request by any Holder who has been a Holder for at least six months, fails to comply with Section 7.10 hereof, such Holder may petition any court of competent jurisdiction for the removal of the Trustee and the appointment of a successor Trustee. (f) A successor Trustee will deliver a written acceptance of its appointment to the retiring Trustee and to the Company. Thereupon, the resignation or removal of the retiring Trustee will become effective, and the successor Trustee will have all the rights, powers and duties of the Trustee under this Indenture. The successor Trustee will mail a notice of its succession to Holders. The retiring Trustee will promptly transfer all property held by it as Trustee to the successor Trustee; provided all sums owing to the Trustee hereunder have been paid and subject to the Lien provided for in Section 7.07 hereof. Notwithstanding replacement of the Trustee pursuant to this Section 7.08, the Company’s obligations under Section 7.07 hereof will continue for the benefit of the retiring Trustee.

  • Acknowledgment of Rights The Company agrees that, with respect to any Debentures held by the Trust or the Institutional Trustee of the Trust, if the Institutional Trustee of the Trust fails to enforce its rights under this Indenture as the holder of Debentures held as the assets of such Trust after the holders of a majority in Liquidation Amount of the Capital Securities of such Trust have so directed such Institutional Trustee, a holder of record of such Capital Securities may, to the fullest extent permitted by law, institute legal proceedings directly against the Company to enforce such Institutional Trustee's rights under this Indenture without first instituting any legal proceedings against such trustee or any other Person. Notwithstanding the foregoing, if an Event of Default has occurred and is continuing and such event is attributable to the failure of the Company to pay interest (or premium, if any) or principal on the Debentures on the date such interest (or premium, if any) or principal is otherwise payable (or in the case of redemption, on the redemption date), the Company agrees that a holder of record of Capital Securities of the Trust may directly institute a proceeding against the Company for enforcement of payment to such holder directly of the principal of (or premium, if any) or interest on the Debentures having an aggregate principal amount equal to the aggregate Liquidation Amount of the Capital Securities of such holder on or after the respective due date specified in the Debentures.

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