(5) "Knowledge'' means a person's actual knowledge of a fact, rather than the person's constructive knowledge of the fact. (3) For purposes of this subsection and paragraph (i)(2)a.(6) "Limited liability company'' and "domestic limited liability company'' means a limited liability company formed under the laws of the State of Delaware and having 1 or more members. of this section, a commercial registered agent shall also include any registered agent which has an officer, director or managing agent in common with any other registered agent or agents if such registered agents at any time during such common service as officer, director or managing agent collectively served as registered agents for more than 50 entities, whether domestic or foreign."Borrower Loan" means a loan made to a Borrower Member through the Site."Delaware Trustee" means CSC Trust Company of Delaware not in its individual capacity but solely as Delaware trustee and its successors and assigns.This Trust Agreement (this "Trust Agreement") is made on July 29, 2009 by Lending Club Corporation, a Delaware corporation with a place of business at 71 Stevenson St.
Ambridge’s Liquidating Trustees Liability Insurance policy has been developed to address the unique exposures facing liquidating trusts and their trustees.Investors in mortgage-backed-securities (“MBS”) suffered significant losses in connection with the Financial Crisis.Those losses generated a substantial amount of litigation brought by MBS investors; much of it centered on securities-fraud based causes of actions against originators, sponsors, and/or depositors involved in securitizations.As a result, while virtually all agreements governing such liquidating trusts contain indemnification and protecting the trustee except in the case of fraud or gross negligence, the trust may ultimately lack the financial wherewithal to support such provisions.Ambridge also offers a unique tax coverage enhancement to its Liquidating Trustees Liability Insurance policy.