IF YOU ARE A TRUSTEE Sample Clauses

IF YOU ARE A TRUSTEE. If you are a trustee of any trust, you agree that you are liable under this agreement both personally and as trustee. Unless we agree otherwise in writing, you must not: • stop being trustee of the trust or allow anyone else to be appointed trustee; or • deal with any property of the trust; or • change the terms of the trust; or. • end the trust or do anything which could lead to it being ended before the time stated in the trust deed; or • distribute any capital of the trust; or • distribute any income of the trust if doing so affects your ability to repay the money owing; or • do anything else in connection with the trust which adversely affects your ability to repay the money owing
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IF YOU ARE A TRUSTEE. If you are a trustee of any trust, you agree that you are liable under this agreement both personally and as trustee. Unless we agree otherwise in writing, you must not: • stop being trustee of the trust or allow anyone else to be appointed trustee; or • deal with any property of the trust; or
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Related to IF YOU ARE A TRUSTEE

  • Qualifying Trustee Any trustee appointed pursuant to Section 8.05 or 8.06 for the purpose of holding money or U.S. Government Obligations deposited pursuant to such Sections shall be appointed under an agreement in form acceptable to the Trustee and shall provide to the Trustee a certificate, upon which certificate the Trustee shall be entitled to conclusively rely, that all conditions precedent provided for herein to the related defeasance have been complied with. In no event shall the Trustee be liable for any acts or omissions of said trustee.

  • Owner Trustee This Agreement has been signed on behalf of the Grantor by U.S. Bank Trust National Association, not in its individual capacity, but solely in its capacity as Owner Trustee of the Grantor. In no event will U.S. Bank Trust National Association in its individual capacity or a beneficial owner of the Grantor be liable for the Grantor’s obligations under this Agreement. For all purposes under this Agreement, the Owner Trustee is subject to, and entitled to the benefits of, the Trust Agreement.

  • Escrow Agent Not a Trustee The Escrow Agent accepts duties and responsibilities under this Agreement, and the escrow securities and any share certificates or other evidence of these securities, solely as a custodian, bailee and agent. No trust is intended to be, or is or will be, created hereby and the Escrow Agent shall owe no duties hereunder as a trustee.

  • Resignation and Removal of Depositary; the Custodian The Depositary may resign as Depositary by written notice of its election to do so delivered to the Company, or be removed as Depositary by the Company by written notice of such removal delivered to the Depositary. The Depositary may appoint substitute or additional Custodians and the term "Custodian" refers to each Custodian or all Custodians as the context requires.

  • Trustee Not Fiduciary for Holders of Senior Debt The Trustee, in its capacity as trustee under this Indenture, shall not be deemed to owe any fiduciary duty to the holders of Senior Debt and shall not be liable to any such holders if it shall in good faith mistakenly pay over or distribute to Holders of Securities or to the Company or to any other Person cash, property or securities to which any holders of Senior Debt shall be entitled by virtue of this Article XII or otherwise.