CONCERNING THE GRANTOR TRUSTEE Clause Samples

CONCERNING THE GRANTOR TRUSTEE. Section 6.01.
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CONCERNING THE GRANTOR TRUSTEE. 18 Section 7.01. DUTIES OF THE GRANTOR TRUSTEE....................................................18 Section 7.02. CERTAIN MATTERS AFFECTING THE GRANTOR TRUSTEE....................................20 Section 7.03. GRANTOR TRUSTEE NOT LIABLE FOR CERTIFICATES OR MORTGAGE LOANS....................21 Section 7.04. GRANTOR TRUSTEE MAY OWN CERTIFICATES.............................................21 Section 7.05. EXPENSES.........................................................................22 Section 7.06. ELIGIBILITY REQUIREMENTS FOR GRANTOR TRUSTEE.....................................22 Section 7.07. INSURANCE........................................................................22 Section 7.08. RESIGNATION AND REMOVAL OF THE GRANTOR TRUSTEE...................................22 Section 7.09. SUCCESSOR GRANTOR TRUSTEE........................................................23 Section 7.10. MERGER OR CONSOLIDATION OF GRANTOR TRUSTEE.......................................24 Section 7.11. APPOINTMENT OF CO-GRANTOR TRUSTEE OR SEPARATE GRANTOR TRUSTEE....................24 Section 7.12. FEDERAL INFORMATION RETURNS AND REPORTS TO CERTIFICATEHOLDERS; GRANTOR TRUST ADMINISTRATION.............................................................25 ARTICLE VIII TERMINATION...............................................................................28 Section 8.01. TERMINATION UPON REPURCHASE BY THE DEPOSITOR OR ITS DESIGNEE OR LIQUIDATION OF THE MORTGAGE LOANS................................................28 ARTICLE IX MISCELLANEOUS PROVISIONS..................................................................29 Section 9.01. INTENT OF PARTIES................................................................29 Section 9.02. ACTION UNDER UNDERLYING DOCUMENTS................................................29 Section 9.03. AMENDMENT........................................................................29
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CONCERNING THE GRANTOR TRUSTEE. 18 TABLE OF CONTENTS Page Section 7.01 Duties of Grantor Trustee.....................................18 Section 7.02 Certain Matters Affecting the Grantor Trustee. ...............20 Section 7.03 Grantor Trustee Not Liable for Certificates or Student Loans..21
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CONCERNING THE GRANTOR TRUSTEE 
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Related to CONCERNING THE GRANTOR TRUSTEE

  • Concerning the Trustee SECTION 8.01.

  • Concerning the Owner Trustee Section 7.01. Acceptance of Trusts and Duties........................................... 21 Section 7.02. Furnishing of Documents................................................... 22 Section 7.03.

  • Concerning the Trustees Neither the Original Trustee nor the Series Trustee assumes any duties, responsibilities or liabilities by reason of this Twelfth Supplemental Indenture other than as set forth in the Base Indenture or (with respect to the Series Trustee) as expressly set forth herein and, in carrying out its responsibilities hereunder, each shall have all of the rights, powers, privileges, protections, duties and immunities which it possesses under the Base Indenture. The Original Trustee and the Series Trustee shall not constitute co-trustees of the same trust, and each of the Original Trustee and the Series Trustee shall be trustee of a trust or trusts under the Base Indenture separate and apart from any trust or trusts under the Base Indenture administered by the other trustee. The Original Trustee shall have no liability for any acts or omissions of the Series Trustee and the Series Trustee shall have no liability for any acts or omissions of the Original Trustee. References in this Twelfth Supplemental Indenture to sections of the Base Indenture that require or permit actions by the Original Trustee with respect to Securities of the series established hereby shall be deemed to require or permit actions only by the Series Trustee and the Original Trustee shall have no responsibility therefor.

  • Concerning the Holders Section 8.01. Action by Holders 45 Section 8.02. Proof of Execution by Holders 45 Section 8.03. Who Are Deemed Absolute Owners 45 Section 8.04. Company-Owned Notes Disregarded 46 Section 8.05. Revocation of Consents; Future Holders Bound 46

  • Managing the Grant 7.1 Each party must notify the other of: (a) the nominated person who will act as the party’s authorised representative; and (b) the contact details of the authorised representative and any deputies. 7.2 The Commissioner requires the Recipient to submit monitoring information, as detailed in Schedule 1. These reports must: (a) be in the format set out in an Annex A; (b) be signed by The Recipient’s Chief Finance Officer; (c) contain a detailed breakdown of expenditure for the period outlined in Schedule 2; and (d) be accompanied by a progress report for the period. 7.3 The Commissioner may, in addition, ask the Recipient to clarify information provided to it. If so, the Recipient shall comply with any reasonable request. 7.4 The Commissioner may, in addition, ask the Recipient to provide him/her with forecast outturn information for the financial year end. If so, the Recipient shall comply with any reasonable request. 7.5 The Recipient must notify the Commissioner as soon as reasonably practicable that an underspend is forecast. No carry-over of funds will be allowed, except in exceptional circumstances and with prior approval from the Commissioner. 7.6 Any underspend of Grant funds must be returned to the Commissioner. 7.7 If an overpayment of the Grant has been made, the Commissioner will recover the payment. 7.8 The Recipient may not vire funds between this Grant and other grants made to it. 7.9 The Recipient’s Chief Finance Officer will ensure that appropriate professional arrangements are put in place for the management of the Grant and the reporting of expenditure. The Recipient’s Chief Finance Officer should take all necessary steps to ensure that the Grant is accounted for and monitored separately from the Recipient’s other funding streams. 7.10 The Recipient undertakes to complete the work for which the Grant is provided. The work should be completed within agreed timescales, and the Recipient will report any significant variations to spending on work funded by the Commissioner.