No Trustee Sample Clauses
The "No Trustee" clause establishes that no party to the agreement is acting as a trustee for any other party. In practice, this means that each party enters into the contract on its own behalf and not for the benefit of any third party or group. For example, if a company is signing on behalf of itself, it is not responsible for holding assets or obligations in trust for others. The core function of this clause is to clarify the parties' roles and prevent unintended fiduciary duties, thereby reducing the risk of legal disputes over trust relationships.
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No Trustee. If the trust at any time has no trustee, and no successor has been nominated as described above, then a Court having jurisdiction may appoint, after notice to the beneficiary and an opportunity to be heard, a successor trustee at the request of any person interested in the trust, including the trust beneficiary.
No Trustee. None of the Loan Parties, other than ▇▇▇▇▇▇ Research Pty Ltd (“▇▇▇▇▇▇ Research”), are trustees of any trust;
No Trustee. No trustee under chapter 7 or chapter 11 of the Bankruptcy Code or examiner with enlarged powers beyond those set forth in Section 1106(a)(3) and (4) of the Bankruptcy Code shall have been appointed in any of the Cases.
No Trustee. The Deed Poll Indenture does not contain any provision for the appointment of a trustee for the equal and ratable benefit of the Holders.
No Trustee except as expressly disclosed in writing to the Authority, the Contractor is not entering this Contract as the trustee of any trust or for and on behalf of any other person; and
No Trustee. The Plan is funded exclusively with annuity and/or insurance contracts (see Section 12.16 of the Plan). [Note: To qualify as a Volume Submitter Plan, any separate trust document used in conjunction with this Plan must be Check this selection and complete this page if a Participating Employer (other than the Employer that signs the Signature Page above) will participate under this Plan as a Participating Employer. [Note: See Section 16 of the Plan for rules relating to the adoption of the Plan by a Participating Employer. If there is more than one Participating Employer, each one should execute a separate Participating Employer Adoption Page. Any reference to the “Employer” in this Adoption Agreement is also a reference to the Participating Employer, unless otherwise noted.] Name: Address: City, State, Zip Code: New plan. The Participating Employer is adopting this Plan as a new Plan effective Restated plan. The Participating Employer is adopting this Plan as a restatement of [insert name of Participating Employer’s plan(s) being restated].
(a) This restatement is effective
(b) The original effective date of the plan(s) being restated is:
No Trustee. The Plan is funded exclusively with annuity and/or insurance contracts (see Section 12.16 of the Plan). [Note: To qualify as a Volume Submitter Plan, any separate trust document used in conjunction with this Plan must be IA1-1 ELECTIVE PROVISIONS AFFECTING POST-SEVERANCE COMPENSATION.
(a) Exclusion of post-severance compensation from Total Compensation. Total Compensation (as defined in Section 1.127 of the Plan) includes post-severance compensation, to the extent provided in Section B-3.01(a) of the Plan. To exclude specific types of compensation paid after severance of employment, complete this subsection (a). The following amounts paid after a Participant’s severance of employment are excluded from Total Compensation.
No Trustee. If no one is serving as Trustee while ▇▇▇▇▇▇▇ is alive, and the Settlor is unable or unwilling to appoint a successor Trustee, the court may appoint a successor Trustee.
No Trustee. No trustee, receiver, interim receiver or receiver and manager shall be appointed in any of the Cases, or a responsible officer or an examiner with enlarged powers shall be appointed in any of the Cases (having powers beyond those set forth in Bankruptcy Code sections 1106(a)(3) and (4));
No Trustee. No order shall have been entered appointing a trustee, examiner or receiver with respect to the Credit Parties’ business, properties or assets.