Appointment of new trustees Sample Clauses

Appointment of new trustees. 4.1 The Trustee may, with the prior consent in writing of the Society and on reasonable notice to the Beneficiaries, appoint another person or persons to act as trustee jointly in addition to or in substitution for the Trustee in accordance with the terms of this Deed.
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Appointment of new trustees. Each party to this Agreement and each Trustee Party ac­ knowledges that from time to time new persons may be duly appointed as trustees of the Trust (each person so appoint­ ed, a “New Trustee Party”) and accordingly, notwithstanding any restriction on assignment or transfer under this Agree­ ment:
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Appointment of new trustees. (A) THE power of appointing new trustees shall be vested in the Issuers but, subject to sub-clause (B) of this Clause, no person shall be appointed as Trustee in relation to any Series who shall not previously have been approved by an Extraordinary Resolution of the Holders of Notes of that Series. A trust corporation may be appointed sole trustee of the presents but subject thereto there shall be at least two trustees of these presents one at least of which shall be a trust corporation. Any appointment of a new trustee hereof shall as soon as practicable thereafter be notified by the Issuers to the Paying Agents, the Registrars and to the Noteholders. The Noteholders shall together have the power, exercisable by Extraordinary Resolution, to remove any trustee or trustees for the time being of these presents. The removal of any trustee shall not become effective unless there remains a trustee of these presents (being a trust corporation) in office after such removal.
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Appointment of new trustees. Each party to this Agreement and each Trustee Party acknowledges that from time to time new persons may be duly appointed as trustees of the Trust (each person so appointed, a “New Trustee Party”) and accordingly, Finalto Asia Pte Ltd RB Capital Building, #00-00 00 Xxxxxxx Xxxxxx, Xxxxxxxxx 000000 · Registered in Singapore, No. 201923501E notwithstanding any restriction on assignment or transfer under this Agreement:
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Appointment of new trustees. Each party to this Agreement and each Trustee Party acknowledges that from time to time new persons may be duly appointed as trustees of the Trust (each person so appointed, a “New Trustee Party”) and accordingly, notwithstanding any restriction on assignment or transfer under this Agreement: We and each Trustee Party each consent to the accession to and adoption of the terms and obligations hereunder by each and every New Trustee Party from time to time, which accession and adoption shall take effect as a novation of the Agreement and all Transactions then outstanding such each New Trustee Party may thereafter (as trustee of the Trust and subject to the terms of the Trust Deed) exercise your rights, and shall thereafter be bound by your obligations (including obligations under such Transactions); In any case where Trustee party so bound immediately before such novation remains so bound after such novation, that Trustee Party shall be bound thereafter jointly with each New Trustee Party; The consent given by virtue of this provision may only be revoked by a Trustee Party by notice in writing to us; and The terms of this provision shall take effect as an open offer by us, you and each Trustee Party bound by this Agreement at the time of appointment of any New Trustee Party to each and every New Trustee Party to accede to and adopt the terms and obligations under this Agreement and all Transactions then outstanding hereunder, which shall be accepted by completion, execution and delivery to us of a letter substantially in the form of the Adoption Form set out in this Annex 3 to or in any other manner acceptable to us. DEFINED TERMS AND INTERPRETATION Defined Terms and Interpretation: In this Annex 3
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Appointment of new trustees. (a) DURING the lifetime of the Settlor the power of appointing new trustees shall be vested in the Settlor.
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Appointment of new trustees. Xxxxx Xxxx formerly of Charlwood and now of New Scotland Farm East Clandon xxxxxx, Xxxxxx Xxxxxx Xxxx of Horley engineer and Xxxxxxx Xxxxx Xxxxxxxxxx of Horley house furnisher (appointers) on the one part and Xxxxxx Xxxx Xxxx of Xxxxxxxx Place, Charlwood coal agent, Xxxxxxxx Xxxxx Xxxx of Oakleigh, Xxx Street, Horley, xxxxxxxxx and xxxxxx, Xxxxxxx Xxxxxx Xxxxxx Xxxx of Chestnuts, Charlwood engineer, Xxxxxx Xxxxxx of Grove Cottage, Rusper, contractor, Xxxxx Xxxxx Xxxxxx, of the same place, contractor, Xxxxxxxxx Xxxxxx Xxxxx, of Victoria Road, Horley, upholsterer, Xxxx Xxxxxxx Xxxx, of Hothfields, Russells Crescent, Horley, chartered surveyor and Xxxxx Xxxxxx, of School Road, Smallfield gardener Xxxx Xxxxxx of Charlwood shoe maker, Xxxxxx Xxxxxx of Charlwood xxxxxxxxx (new trustees) on the other part. Rehearses briefly 1816 and 1899 appointments and conveyance to trustees of the piece of land in 1930, above. Xxxxxx Xxxxx Xxxx has since died as have all the trustees mentioned in 1899 except those named as ‘appointers’ above. This deed appoints new trustees to fulfil the original deed and the purchase of the land in 1930 23 Feb 1944. Wellers of Xxxxxxx Xxxx list in their schedule of deeds a letter of resignation from X X Xxxx, but this is crossed out. 23 Nov 1973 APPOINTMENT OF NEW TRUSTEES Xxxxxxxx Xxxxx Xxxx of 00 Xxx Xxxx, Xxxxxxxxxx, retired, Royston Xxxxxx Xxxxxx Xxxx of Chestnuts, Charlwood, retired, Xxxxxxxxx Xxxxxx Xxxxx, of 0 Xxxxxxxx Xxxxxxx, Xxxxxx, retired (appointers) on the one part Xxxx Xxxxxxx Xxxx, 19 Woodlands Park, Guildford, formerly of of Xxxxxxxxx, Xxxxxxxx Xxxxxxxx, Xxxxxx, chartered surveyor, on the second part, and Xxxxxx Xxxxxxxx Xxxxxx, of Xxxxxxx, Pluckley Road, Charing, Baptist Minister, Xxxxxx Xxxxxxx Xxxxxx of 0 Xxxxxxxx Xxxx, Xxxxxxx, xxxxxxxx, Xxxxx Xxxxx Xxxxxxxx, 1 Rgienlands, Station Road, Betchworth, nurseryman’s labourer, Xxxxxx Xxxxxx Xxxxxxxx of 00 Xxxxxxxx Xxxx, Xxxxxxx Xxxxx, Crawley, press operator, Xxxxxxx Xxxxx Xxxxxx, of 7 Queen’s Road, Horley, Baptist Minister, Xxxxx Xxxxxxxx Xxxxxx, of Chilsham, 00 Xxxxxxxx Xxxx, Xxxxxx, storekeeper, Xxxxx Xxxx Xxxxxx, of Etheldene, Anchor Hill, Knaphill, Baptist Minister, Xxxxxx Xxxxx Xxxxxx. Of 00 Xxxxxxxxxxx Xxxx, Xxxxxxx, retailer of prams and babywear, Xxxxx Xxxxx, of 00 Xxxxxx Xxxxxx, Xxxxxx, ambulance driver/assistant (new trustees) on the third part Supplements deed of 12 Aug 1936. Xxxxx Xxxx, Xxxxxx Xxxxxx Xxxx, Xxxxxx Xxxx Xxxx Xxxxxx Xxxx, Xxxxxx Xxxxxx, Xxxxx Xxxxx Xx...
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Related to Appointment of new trustees

  • Appointment of Co-Trustee It is the purpose of this Indenture that there shall be no violation of any law of any jurisdiction denying or restricting the right of banking corporations or associations to transact business as trustee in such jurisdiction. It is recognized that in case of litigation under this Indenture, and in particular in case of the enforcement thereof on default, or in the case the Trustee deems that by reason of any present or future law of any jurisdiction it may not exercise any of the powers, rights or remedies herein granted to the Trustee or hold title to the properties, in trust, as herein granted or take any action which may be desirable or necessary in connection therewith, it may be necessary that the Trustee appoint an individual or institution as a separate or co-trustee, provided that unless an Indenture Event of Default shall have occurred and be continuing, any such appointment of a co-trustee shall be subject to the consent of the Company, which consent shall not be unreasonably withheld. The following provisions of this Section are adopted to these ends. In the event that the Trustee appoints an additional individual or institution as a separate or co-trustee, each and every remedy, power, right, claim, demand, cause of action, immunity, estate, title, interest and lien expressed or intended by this Indenture to be exercised by or vested in or conveyed to the Trustee with respect thereto shall be exercisable by and vest in such separate or co-trustee but only to the extent necessary to enable such separate or co-trustee to exercise such powers, rights and remedies, and only to the extent that the Trustee by the laws of any jurisdiction is incapable of exercising such powers, rights and remedies and every covenant and obligation necessary to the exercise thereof by such separate or co-trustee shall run to and be enforceable by either of them. Should any instrument in writing from the Company be required by the separate or co-trustee so appointed by the Trustee for more fully and certainly vesting in and confirming to him or it such properties, rights, powers, trusts, duties and obligations, any and all such instruments in writing shall, on request, be executed, acknowledged and delivered by the Company; provided, that if an Indenture Event of Default shall have occurred and be continuing, if the Company does not execute any such instrument within fifteen (15) days after request therefor, the Trustees shall be empowered as an attorney-in-fact for the Company to execute any such instrument in the Company's name and stead. In case any separate or co-trustee or a successor to either shall die, become incapable of acting, resign or be removed, all the estates, properties, rights, powers, trusts, duties and obligations of such separate or co-trustee, so far as permitted by law, shall vest in and be exercised by the Trustee until the appointment of a new trustee or successor to such separate or co-trustee. Every separate trustee and co-trustee shall, to the extent permitted by law, be appointed and act subject to the following provisions and conditions:

  • Appointment of Trustee The Depositor hereby appoints the Trustee as trustee of the Trust, effective as of the date hereof, to have all the rights, powers and duties set forth herein.

  • Appointment of Administrative Trustees (a) There shall at all times be one or more Administrative Trustees hereunder with respect to the Trust Securities. Each Administrative Trustee shall be either a natural person who is at least 21 years of age or a legal entity that shall act through one or more persons authorized to bind that entity. Each of the individuals identified as an “Administrative Trustee” in the preamble of this Trust Agreement hereby accepts his or her appointment as such.

  • Appointment of Additional and Separate Trustees (a) Whenever (i) the Mortgagee shall deem it necessary or desirable in order to conform to any Law of any jurisdiction in which all or any part of the Trust Indenture Estate shall be situated or to make any claim or bring any suit with respect to or in connection with the Trust Indenture Estate, this Trust Indenture, any other Indenture Agreement, the Equipment Notes or any of the transactions contemplated by the Participation Agreement, (ii) the Mortgagee shall be advised by counsel satisfactory to it that it is so necessary or prudent in the interests of the Note Holders (and the Mortgagee shall so advise the Owner Trustee and Lessee), or (iii) the Mortgagee shall have been requested to do so by a Majority in Interest of Note Holders, then in any such case, the Mortgagee and, upon the written request of the Mortgagee, the Owner Trustee, shall execute and deliver an indenture supplemental hereto and such other instruments as may from time to time be necessary or advisable either (1) to constitute one or more bank or trust companies or one or more persons approved by the Mortgagee, either to act jointly with the Mortgagee as additional trustee or trustees of all or any part of the Trust Indenture Estate, or to act as separate trustee or trustees of all or any part of the Trust Indenture Estate, in each case with such rights, powers, duties and obligations consistent with this Trust Indenture as may be provided in such supplemental indenture or other instruments as the Mortgagee or a Majority in Interest of Note Holders may deem necessary or advisable, or (2) to clarify, add to or subtract from the rights, powers, duties and obligations theretofore granted any such additional or separate trustee, subject in each case to the remaining provisions of this Section 8.03. If the Owner Trustee shall not have taken any action requested of it under this Section 8.03(a) that is permitted or required by its terms within 15 days after the receipt of a written request from the Mortgagee so to do, or if an Event of Default shall have occurred and be continuing, the Mortgagee may act under the foregoing provisions of this Section 8.03(a) without the concurrence of the Owner Trustee, and the Owner Trustee hereby irrevocably appoints (which appointment is coupled with an interest) the Mortgagee, its agent and attorney-in-fact to act for it under the foregoing provisions of this Section 8.03(a) in either of such contingencies. The Mortgagee may, in such capacity, execute, deliver and perform any such supplemental indenture, or any such instrument, as may be required for the appointment of any such additional or separate trustee or for the clarification of, addition to or subtraction from the rights, powers, duties or obligations theretofore granted to any such additional or separate trustee. In case any additional or separate trustee appointed under this Section 8.03(a) shall die, become incapable of acting, resign or be moved, all the assets, property, rights, powers, trusts, duties and obligations of such additional or separate trustee shall revert to the Mortgagee until a successor additional or separate trustee is appointed as provided in this Section 8.03(a).

  • Appointment of Contractor The Company hereby appoints the Contractor to perform the Services for the benefit of the Company as hereinafter set forth, and the Company hereby authorizes the Contractor to exercise such powers as provided under this Agreement. The Contractor accepts such appointment on the terms and conditions herein set forth.

  • Appointment of Administrators (a) The Administrators shall be appointed by the Holder of the Common Securities and may be removed by the Holder of the Common Securities or may resign at any time. Upon any resignation or removal, the Holder of the Common Securities shall appoint a successor Administrator. Each Administrator shall execute this Trust Agreement thereby agreeing to comply with, and be legally bound by, all of the terms, conditions and provisions of this Trust Agreement. If at any time there is no Administrator, the Property Trustee or any Holder who has been a Holder of Trust Securities for at least six months may petition any court of competent jurisdiction for the appointment of one or more Administrators.

  • Appointment of Agents The Custodian may at any time or times in its discretion appoint (and may at any time remove) any other bank or trust company which is itself qualified under the Investment Company Act of 1940, as amended, to act as a custodian, as its agent to carry out such of the provisions of this Article 2 as the Custodian may from time to time direct; provided, however, that the appointment of any agent shall not relieve the Custodian of its responsibilities or liabilities hereunder.

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