Direction of Trustee Sample Clauses
The "Direction of Trustee" clause defines the process by which a trustee receives and acts upon instructions from authorized parties, such as beneficiaries or settlors. Typically, this clause outlines who is permitted to direct the trustee, the form such directions must take (for example, written or signed instructions), and any limitations or conditions under which the trustee must comply. Its core practical function is to ensure that the trustee acts in accordance with the intentions of those with authority, while also providing a clear framework for communication and decision-making, thereby reducing ambiguity and potential disputes.
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Direction of Trustee. 68 Section 9.14. No Action Except Under Agreement or Upon Instructions................................. 68 Section 9.15. Representations and Warranties of the Trustee......................................... 69 Section 9.16. Separate Trustees and Co-Trustees..................................................... 69
Direction of Trustee. At the direction of the Agent or the Majority Lenders, exercise its right under Section 8.14 of the Pooling Agreement to direct the trustee under the Bunge Master Trust when the Lenders are affected by the conduct of any proceeding or the exercise of any right conferred on the trustee under the Bunge Master Trust.
Direction of Trustee. Upon the happening of any Event of Default, except as expressly provided herein, the Noteholders of at least a majority of the Outstanding Amount of the Highest Priority Notes, shall have the right by an instrument or instruments in writing delivered to the Trustee to direct and control the Trustee as to the method of taking any and all proceedings for any investment or sale of any or all of the Trust Estate (in accordance with and subject to the satisfaction of the further conditions set forth in Section 6.04 hereof), or for the appointment of a
Direction of Trustee. By taking delivery of a Special Warrant Certificate, the holder of the Special Warrants represented thereby is deemed to have irrevocably authorized and directed the Trustee to convert such Special Warrants pursuant to, and in accordance with, Section 4.2(a) hereof.
Direction of Trustee. Upon the happening of any Event of Default, the Registered Owners of a majority in aggregate principal amount of the Notes then Outstanding, shall have the right by an instrument or instruments in writing delivered to the Trustee to direct and control the Trustee as to the method of taking any and all proceedings for any sale of any or all of the Trust Estate, or for the appointment of a receiver, if permitted by law, and may at any time cause any proceedings authorized by the terms hereof to be so taken or to be discontinued or delayed. The provisions of this Section shall be expressly subject to the provisions of Sections 7.01(c), 7.05 and 7.07 hereof.
Direction of Trustee. Any investment direction shall be made in writing by the Employer, investment manager, or other properly authorized person, as applicable. A Directed Trustee must act solely in accordance with the direction of the Plan Administrator, the Employer, any employees or agents of the Employer, a properly appointed investment manager or other fiduciary of the Plan, a Plan Participant or other properly authorized person. (See Section 10.07 of the Plan and Section 1.04 of this ASC Trust Agreement (Governmental) relating to Participant-directed investments.)
Direction of Trustee. Subject to Article V, the Beneficial Owner may direct the Trustee in writing to take action or refrain from taking action with respect to the Series Assets of the related Series, except to the extent such action or inaction would conflict with any other provision of this Agreement or the other Transaction Documents.
Direction of Trustee. Upon the happening of any Event of Default, except as expressly provided herein, the Noteholders of at least a majority of the Outstanding Amount of the Highest Priority Notes, shall have the right by an instrument or instruments in writing delivered to the Trustee to direct and control the Trustee as to the method of taking any and all proceedings for any investment or sale of any or all of the Trust Estate (in accordance with and subject to the satisfaction of the further conditions set forth in Section 6.04 hereof), or for the appointment of a receiver, if permitted by law, and may at any time cause any proceedings authorized by the terms hereof to be so taken or to be discontinued or delayed, subject to receipt from Noteholders of indemnification satisfactory to the Trustee.
Direction of Trustee. The holders of Special Warrants hereby irrevocably authorize and direct the Trustee to convert the Special Warrants thereof pursuant to subsection 4.2(a) hereof.
Direction of Trustee. Subject to Section 9.01, the Holders -------------------- of Certificates evidencing not less than a majority of the Aggregate Certificate Principal Balance of the Controlling Class shall have the right (x) to cause the institution of and direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or (y) to direct the Trustee in writing with respect to its exercise of any right, remedy, trust or power conferred on the Trustee; provided that such direction shall not be in conflict with any rule of law or with this Agreement (including, without limitation, any provision hereof which expressly provides for a greater percentage of Certificateholders to effect an action hereunder).