Appointment and Acceptance of Duties Sample Clauses
The "Appointment and Acceptance of Duties" clause formally establishes the designation of a party to a specific role or position under an agreement and confirms that the appointed party accepts the responsibilities associated with that role. Typically, this clause identifies the individual or entity being appointed, outlines the scope of their duties, and may specify the effective date of their appointment. By clearly documenting both the appointment and the acceptance, this clause ensures that all parties understand who is responsible for certain obligations, thereby preventing disputes over authority or accountability.
Appointment and Acceptance of Duties. The Trustee accepts and agrees to the trusts created by this Indenture, but only upon the additional terms set forth in this Article, to all of which the Authority, and the Owners, by their purchase and acceptance of the Bonds, agree.
Appointment and Acceptance of Duties. U.S. Bank National Association, is hereby appointed Paying Agent, and hereby accepts and agrees to perform the duties and obligations of the Paying Agent, registrar and transfer agent specifically imposed upon it by this Paying Agent Agreement, and no implied duties shall be read into this Paying Agent Agreement against the Paying Agent. The Paying Agent is hereby authorized and hereby agrees to pay or redeem the Refunding Bonds when duly presented for payment at maturity, or on prior redemption, and to cancel all Refunding Bonds upon payment thereof. The Paying Agent shall keep accurate records of all funds administered by it and of all Refunding Bonds paid and discharged.
Appointment and Acceptance of Duties. The Trustee hereby
Appointment and Acceptance of Duties. 32 SECTION 11.02. Responsibilities......................................................................33 SECTION 11.03. Powers................................................................................33 SECTION 11.04. Compensation..........................................................................33 SECTION 11.05. No Duty to Maintain Insurance.........................................................33 SECTION 11.06. Notice of Event of Default............................................................33 SECTION 11.07. Action Upon Default...................................................................34 SECTION 11.08. Limitation of Liability...............................................................34 SECTION 11.09. Ownership of Bonds....................................................................34 SECTION 11.10. No Duty to Invest.....................................................................34 SECTION 11.11. Construction of Provisions of Indenture...............................................34 SECTION 11.12. Resignation...........................................................................34 SECTION 11.13. Removal...............................................................................35 SECTION 11.14. Appointment of Successor Trustee......................................................35 SECTION 11.15. Successor Trustee.....................................................................35 SECTION 11.16. Failure to Appoint a Successor Trustee................................................35 SECTION 11.17. Acceptance by Successor Trustee.......................................................35 SECTION 11.18. Merger or Consolidation...............................................................36 SECTION 11.19. Action Upon Event of Default..........................................................36 SECTION 11.20. Notice of Occurrence of Event of Default..............................................36 SECTION 11.21. Intervention by Trustee...............................................................36 SECTION 11.22. Appointment and Acceptance of Paying Agent............................................36 SECTION 11.23. Resignation or Removal of Paying Agent; Appointment of Successor..............................................................36 SECTION 11.24. Trust Estate May Be Vested in Separate or Co-Trustee..................................37 ARTICLE XII EXECUTION OF INSTRUMENTS BY REGISTERED OWNERS AND PRO...
Appointment and Acceptance of Duties. 60 Section 9.2. Indemnity.................................................... 60 Section 9.3. Responsibilities of Trustee.................................. 60 Section 9.4. Compensation................................................. 61 Section 9.5. Evidence on Which Trustee May Act............................ 61 Section 9.6. Evidence of Signatures of Bondholders and Ownership of Bonds..........................................
Appointment and Acceptance of Duties. 133 Section 11.16.
Appointment and Acceptance of Duties. (A) Shawmut Bank Connecticut, National Association is hereby appointed as Trustee. The Trustee shall signify its acceptances of the duties and obligations of the Trustee by executing this Indenture.
(B) The Trustee is hereby appointed as Paying Agent for the Notes. The Company may also from time to time appoint one or more other Paying Agents in the manner and subject to the conditions set forth in Section 10.12 hereof for the appointment of a successor Paying Agent. Each Paying Agent shall signify its acceptance of the duties and obligations imposed upon it by this Indenture by executing and delivering to the Company and to the Trustee a written acceptance thereof. The principal offices of the Paying Agents are designated as the respective offices of the Company for the payment of the principal, Redemption Price or Repurchase Price, if applicable, premium, if any, and the interest on the Notes.
Appointment and Acceptance of Duties. Subject to the terms and conditions of this Agreement, Owner hereby appoints, subject to the terms hereof, Agent as its exclusive agent, for the term hereof to Remarket the Subject Equipment. Agent accepts such appointment and agrees to Remarket the Subject Equipment as provided for in this Agreement.
Appointment and Acceptance of Duties. (A) ▇▇▇▇▇ Brothers ▇▇▇▇▇▇▇▇ Trust Company, New York, New York, is hereby appointed as Trustee. The Trustee shall signify its acceptances of the duties and obligations of the Trustee by executing this Indenture. All provisions of this Article shall be construed as extending to and including all the rights, duties and obligations imposed upon the Trustee under the Agreement as fully for all intents and purposes as if this Article were contained in the Agreement.
Appointment and Acceptance of Duties. State Street Bank and Trust Company is appointed Trustee under this Trust Agreement. The Trustee shall signify its acceptance of the duties and obligations imposed upon it by this Trust Agreement by executing the certificate of authentication endorsed upon the Assessment Bonds, and by executing such certificate upon any Assessment Bond the Trustee shall be deemed to have accepted such duties and obligations not only with respect to the Assessment Bond so authenticated, but with respect to all the Assessment Bonds thereafter to be issued and authenticated by such Trustee, but only, however, upon the terms and conditions set forth in this Trust Agreement.