Common use of Administrators Clause in Contracts

Administrators. Each Administrator shall be a U.S. -------------- Person, 21 years of age or older and authorized to bind the Sponsor. The initial Administrators shall be ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇, ▇▇▇▇▇ ▇. ▇▇▇▇▇▇ and ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇. There shall at all times be at least one Administrator. Except where a requirement for action by a specific number of Administrators is expressly set forth in this Declaration and except with respect to any action the taking of which is the subject of a meeting of the Administrators, any action required or permitted to be taken by the Administrators may be taken by, and any power of the Administrators may be exercised by, or with the consent of, any one such Administrator.

Appears in 2 contracts

Sources: Declaration of Trust (First Banks, Inc), Declaration of Trust (First Banks, Inc)

Administrators. Each Administrator shall be a U.S. -------------- Person, 21 years of age or older and authorized to bind the Sponsor. The initial Administrators Administrator shall be ▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇, ▇▇▇▇▇ ▇. ▇▇▇▇▇▇ and ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇Recondo. There shall at all times be at least one Administrator. Except where a requirement for action by a specific number of Administrators is expressly set forth in this Declaration and except with respect to any action the taking of which is the subject of a meeting of the Administrators, any action required or permitted to be taken by the Administrators may be taken by, and any power of the Administrators may be exercised by, or with the consent of, any one such Administrator.

Appears in 1 contract

Sources: Declaration of Trust (Eurobancshares Inc)

Administrators. Each Administrator shall be a U.S. -------------- Person, 21 years of age or older and authorized to bind the Sponsor. The initial Administrators shall be ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇, ▇▇▇▇▇ ▇. ▇▇▇▇▇▇ III and ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇. There shall at all times be at least one Administrator. Except where a requirement for action by a specific number of Administrators is expressly set forth in this Declaration and except with respect to any action the taking of which is the subject of a meeting of the Administrators, any action required or permitted to be taken by the Administrators may be taken by, and any power of the Administrators may be exercised by, or with the consent of, any one such Administrator.

Appears in 1 contract

Sources: Declaration of Trust (Ecb Bancorp Inc)

Administrators. Each Administrator shall be a U.S. -------------- Person, 21 years of age or older and authorized to bind the Sponsor. The initial Administrators shall be Allen H. Blake, Peter D. Wimmer and Lisa K. Vansickle. There shall ▇▇ ▇▇▇ ▇▇▇▇▇ be ▇▇ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇, ▇▇▇▇▇ Adm. ▇▇▇▇▇▇ and ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇. There shall at all times be at least one Administrator. Except ▇▇▇▇pt where a requirement for action by a specific number of Administrators is expressly set forth in this Declaration and except with respect to any action the taking of which is the subject of a meeting of the Administrators, any action required or permitted to be taken by the Administrators may be taken by, and any power of the Administrators may be exercised by, or with the consent of, any one such Administrator.

Appears in 1 contract

Sources: Declaration of Trust (First Banks, Inc)

Administrators. Each Administrator shall be a U.S. -------------- Person, 21 years of age or older and authorized to bind the Sponsor. The initial Administrators shall be ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇, ▇▇▇▇▇ ▇. ▇▇▇▇▇▇ and ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇. There shall at all times be at least one Administrator. Except where a requirement for action by a specific number of Administrators is expressly set forth in this Declaration and except with respect to any action the taking of which is the subject of a meeting of the Administrators, any action required or permitted to be taken by the Administrators may be taken by, and any power of the Administrators may be exercised by, or with the consent of, any one such Administrator.

Appears in 1 contract

Sources: Declaration of Trust (United National Bancorp)

Administrators. Each Administrator shall be a U.S. -------------- Person, 21 years of age or older and authorized to bind the Sponsor. The initial Administrators shall be ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, ▇▇▇▇▇ ▇. ▇▇▇▇▇ and ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇. There shall at all times be at least one Administrator. Except where a requirement for action by a specific number of Administrators is expressly set forth in this Declaration and except with respect to any action the taking of which is the subject of a meeting of the Administrators, any action required or permitted to be taken by the Administrators may be taken by, and any power of the Administrators may be exercised by, or with the consent of, any one such Administrator.

Appears in 1 contract

Sources: Declaration of Trust (State National Bancshares, Inc.)

Administrators. Each Administrator shall be a U.S. -------------- Person, 21 years of age or older and authorized to bind the Sponsor. The initial Administrators shall be ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇, ▇▇▇▇▇ ▇. ▇▇▇▇▇▇ and ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇. There shall at all times be at least one Administrator. Except where a requirement for action by a specific number of Administrators is expressly set forth in this Declaration and except with respect to any action the taking of which is the subject of a meeting of the Administrators, any action required or permitted to be taken by the Administrators may be taken by, and any power of the Administrators may be exercised by, or with the consent of, any one such Administrator.

Appears in 1 contract

Sources: Declaration of Trust (Coast Bancorp/Ca)

Administrators. Each Administrator shall be a U.S. -------------- Person, 21 years of age or older and authorized to bind the Sponsor. The initial Administrators shall be ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇Terrance M. McCarthy, ▇▇▇▇▇ ▇. ▇▇▇▇▇▇ Peter D. Wimmer and ▇▇▇Lis▇ ▇. ▇▇▇▇▇▇▇▇▇. There shall at all times ▇▇▇▇▇ sha▇▇ ▇▇ ▇▇▇ ▇▇▇▇▇ be at least one Administrator▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇trator. Except where a requirement for action by a specific number of Administrators is expressly set forth in this Declaration and except with respect to any action the taking of which is the subject of a meeting of the Administrators, any action required or permitted to be taken by the Administrators may be taken by, and any power of the Administrators may be exercised by, or with the consent of, any one such Administrator.

Appears in 1 contract

Sources: Declaration of Trust (First Banks, Inc)

Administrators. Each Administrator shall be a U.S. -------------- Person, 21 years of age or older and authorized to bind the Sponsor. The initial Administrators shall be ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇, ▇▇▇▇▇ ▇. ▇▇▇▇▇▇ and ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇. There shall at all times be at least one Administrator. Except where a requirement for action by a specific number of Administrators is expressly set forth in this Declaration and except with respect to any action the taking of which is the subject of a meeting of the Administrators, any action required or permitted to be taken by the Administrators may be taken by, and any power of the Administrators may be exercised by, or with the consent of, any one such Administrator.

Appears in 1 contract

Sources: Declaration of Trust (Capstead Mortgage Corp)

Administrators. Each Administrator shall be a U.S. -------------- Person, 21 years of age or older and authorized to bind the Sponsor. The initial Administrators shall be Robert E. Lee, David J. ▇▇▇▇▇▇▇ ▇▇▇ C▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇, III. ▇▇▇▇▇ ▇. ▇▇▇▇▇▇ and ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇. There shall at all times be at least one Administrator. Except where a requirement for action by a specific number of Administrators is expressly set forth in this Declaration and except with respect to any action the taking of which is the subject of a meeting of the Administrators, any action required or permitted to be taken by the Administrators may be taken by, and any power of the Administrators may be exercised by, or with the consent of, any one such Administrator.

Appears in 1 contract

Sources: Declaration of Trust (Community Capital Bancshares Inc)

Administrators. Each Administrator shall be a U.S. -------------- Person, 21 years of age or older and authorized to bind the Sponsor. The initial Administrators shall be ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇, ▇▇▇▇ ▇. ▇▇▇▇▇▇ and ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇. There shall at all times be at least one Administrator. Except where a requirement for action by a specific number of Administrators is expressly set forth in this Declaration and except with respect to any action the taking of which is the subject of a meeting of the Administrators, any action required or permitted to be taken by the Administrators may be taken by, and any power of the Administrators may be exercised by, or with the consent of, any one such Administrator.

Appears in 1 contract

Sources: Declaration of Trust (First Community Bancorp /Ca/)

Administrators. Each Administrator shall be a U.S. -------------- Person, 21 years of age or older and authorized to bind the Sponsor. The initial Administrators shall be ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇, ▇▇▇▇▇ ▇. ▇▇▇▇▇▇ and ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇. There shall at all times be at least one Administrator. Except where a requirement for action by a specific number of Administrators is expressly set forth in this Declaration and except with respect to any action the taking of which is the subject of a meeting of the Administrators, any action required or permitted to be taken by the Administrators may be taken by, and any power of the Administrators may be exercised by, or with the consent of, any one such Administrator.

Appears in 1 contract

Sources: Declaration of Trust (First Community Bancorp /Ca/)

Administrators. Each Administrator shall be a U.S. -------------- Person, 21 -------------- years of age or older and authorized to bind the Sponsor. The initial Administrators shall be H.E. "▇▇▇▇▇▇▇▇ ▇. ▇" ▇▇▇▇▇▇▇, Jr. ▇▇▇▇▇ ▇. ▇▇▇▇▇▇ and ▇▇▇▇. ▇▇▇▇▇▇▇▇▇. There shall at all times be at least one Administrator. Except where a requirement for action by a specific number of Administrators is expressly set forth in this Declaration and except with respect to any action the taking of which is the subject of a meeting of the Administrators, any action required or permitted to be taken by the Administrators may be taken by, and any power of the Administrators may be exercised by, or with the consent of, any one such Administrator.

Appears in 1 contract

Sources: Declaration of Trust (Prosperity Bancshares Inc)

Administrators. Each Administrator shall be a U.S. -------------- Person, 21 years of age or older and authorized to bind the Sponsor. The initial Administrators shall be ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇, ▇▇▇▇▇ ▇. ▇▇▇▇▇▇ and ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇. There shall at all times be at least one Administrator. Except where a requirement for action by a specific number of Administrators is expressly set forth in this Declaration and except with respect to any action the taking of which is the subject of a meeting of the Administrators, any action required or permitted to be taken by the Administrators may be taken by, and any power of the Administrators may be exercised by, or with the consent of, any one such Administrator.

Appears in 1 contract

Sources: Declaration of Trust (Vineyard National Bancorp)