Appointment; Definitions; Interpretation Appointment Clause Samples

Appointment; Definitions; Interpretation Appointment. 1.1 FSSI appoints the Supervisor, and the Supervisor accepts appointment as, the supervisor of FSSI's issue of Deposits, on the terms and subject to the provisions of this Deed and applicable law. 1.2 The Supervisor agrees to: (a) act on behalf of the Holders in relation to: (i) FSSI; (ii) any matter connected with this Deed or the terms of a regulated offer of Deposits; and (iii) any contravention or alleged contravention of the Issuer Obligations; and (b) supervise FSSI’s performance: (i) of its Issuer Obligations; and (ii) in order to ascertain whether the assets of FSSI and any Guaranteeing Subsidiary that are or may be available, whether by way of security or otherwise, are sufficient or likely to be sufficient to discharge the Principal Moneys, interest and other monies payable on, or in relation to the Deposits as they become due; and (c) perform or exercise any other functions, duties, and powers conferred or imposed on the Supervisor by or under the FMCA, the Financial Markets Supervisors ▇▇▇ ▇▇▇▇ or this Deed. 1.3 The Supervisor shall hold the following in trust for the benefit of the Holders: (a) the right to enforce FSSI’s duty to repay, or to pay interest, under the terms of the Deposits; (b) any security for repayment of the Deposits; and (c) the right to enforce any other duties that FSSI, any Guaranteeing Subsidiary, and any other person has under: (i) the terms of the Deposits; or (ii) the provisions of this Deed or the FMCA in relation to the Deposits.
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Related to Appointment; Definitions; Interpretation Appointment

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  • Appointment of FTIS The Investment Company hereby appoints FTIS as transfer agent for Shares of the Investment Company, as service agent in connection with dividend and distribution functions, and as shareholder servicing agent for the Investment Company, and FTIS accepts such appointment and agrees to perform the following duties.

  • Terms of Appointment Every separate trustee and co-trustee will be appointed and act subject to the following: (i) all rights, powers and obligations of the Indenture Trustee will apply to and will be exercised or performed by the Indenture Trustee, or the Indenture Trustee and the separate trustee or co-trustee jointly (it being understood that the separate trustee or co-trustee will not be authorized to act separately without the Indenture Trustee joining in the act), except if under the law of a jurisdiction in which a particular act or acts are to be performed the Indenture Trustee will be incompetent or unqualified to perform those act or acts, in which event those acts will be exercised and performed singly by the separate trustee or co-trustee, but solely at the direction of the Indenture Trustee; (ii) no trustee will be personally liable by reason of an act or omission of another trustee under this Indenture; and (iii) the Indenture Trustee may accept the resignation of or remove a separate trustee or co-trustee.