Common use of Acceptance by Successor Trustee Clause in Contracts

Acceptance by Successor Trustee. Any successor trustee appointed as provided in Section 7.10 shall execute, acknowledge and deliver to the Company and to its predecessor trustee an instrument accepting such appointment hereunder, and thereupon the resignation or removal of the predecessor trustee with respect to all or any applicable series shall become effective and such successor trustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, duties and obligations with respect to such series of its predecessor hereunder, with like effect as if originally named as trustee herein; but, nevertheless, on the written request of the Company or of the successor trustee, the predecessor trustee shall, upon payment of any amounts then due it pursuant to the provisions of Section 7.06, execute and deliver an instrument transferring to such successor trustee all the rights and powers of the predecessor trustee, except as provided in Section 7.06 hereof. Upon request of any such successor trustee, the Company shall execute any and all instruments in writing in order more fully and certainly to vest in and confirm to such successor trustee all such rights and powers. Any trustee, including the initial Trustee, ceasing to act shall, nevertheless, retain a lien upon all property or funds held or collected by such trustee to secure any amounts then due it pursuant to the provisions of Section 7.06 and shall also retain its rights under Section 7.06 hereof. In case of the appointment hereunder of a successor trustee with respect to the Securities of one or more (but not all) series, the Company, the predecessor Trustee and each successor trustee with respect to the Securities of any applicable series shall execute and deliver an indenture supplemental hereto which shall contain such provisions as shall be deemed necessary or desirable to confirm that all the rights, powers, trusts and duties of the predecessor Trustee with respect to the Securities of any series as to which the predecessor Trustee is not retiring shall continue to be vested in the predecessor Trustee, and shall add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one trustee, it being understood that nothing herein or in such supplemental indenture shall constitute such trustees co-trustees of the same trust and that each such trustee shall be trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered by any other such trustee. No successor trustee shall accept appointment as provided in this Section unless at the time of such acceptance such successor trustee shall be qualified and eligible under the provisions of this Article 7. Upon acceptance of appointment by a successor trustee as provided in this Section, the Company shall mail notice of the succession of such trustee hereunder to all holders of the Securities of any applicable series as the names and addresses of such holders shall appear on the registry books. If the Company fails to mail such notice in the prescribed manner within 10 days after the acceptance of appointment by the successor trustee, the successor trustee shall cause such notice to be so mailed at the expense of the Company.

Appears in 2 contracts

Samples: Indenture (Biomimetic Therapeutics, Inc.), Indenture (Biomimetic Therapeutics, Inc.)

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Acceptance by Successor Trustee. Any successor trustee appointed as provided in Section 7.10 6.10 shall execute, acknowledge and deliver to the Company and to its predecessor trustee an instrument accepting such appointment hereunder, and thereupon the resignation or removal of the predecessor trustee with respect to all or any applicable series shall become effective and such successor trustee, without any further act, deed or conveyance, shall 44 50 become vested with all the rights, powers, duties and obligations with respect to such series of its predecessor hereunder, with like effect as if originally named as trustee herein; but, nevertheless, on the written request of the Company or of the successor trustee, the predecessor trustee ceasing to act shall, upon payment of any amounts then due it pursuant to the provisions of Section 7.066.06, execute and deliver an instrument transferring to such successor trustee all the rights and powers of the predecessor trustee, except as provided in Section 7.06 hereoftrustee so ceasing to act. Upon request of any such successor trustee, the Company shall execute any and all instruments in writing in order for more fully and certainly to vest vesting in and confirm confirming to such successor trustee all such rights and powers. Any trustee, including the initial Trustee, trustee ceasing to act shall, nevertheless, retain a lien upon all property or funds held or collected by such trustee to secure any amounts then due it pursuant to the provisions of Section 7.06 and shall also retain its rights under Section 7.06 hereof6.06. In case of the appointment hereunder of If a successor trustee is appointed with respect to the Securities of one or more (but not all) series, the Company, the predecessor Trustee trustee and each successor trustee with respect to the Securities of any applicable series shall execute and deliver an indenture supplemental hereto which shall contain such provisions as shall be deemed necessary or desirable to confirm that all the rights, powers, trusts and duties of the predecessor Trustee trustee with respect to the Securities of any series as to which the predecessor Trustee trustee is not retiring shall continue to be vested in the predecessor Trusteetrustee, and shall add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts trustee hereunder by more than one trustee, it being understood that nothing herein or in such supplemental indenture shall constitute such trustees co-trustees of the same trust and that each such trustee shall be trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered by any other such trustee. No successor trustee shall accept appointment as provided in this Section 6.11 unless at the time of such acceptance such successor trustee shall be qualified under the provisions of Section 6.08 and eligible under the provisions of this Article 7Section 6.09. Upon acceptance of appointment by a successor trustee as provided in this SectionSection 6.11, the Company shall mail notice of the succession of such trustee hereunder to all the holders of the Securities of any applicable series at their addresses as the names and addresses of such holders they shall appear on the registry booksSecurity register. If the Company fails to mail such notice in the prescribed manner within 10 days after the acceptance of appointment by the successor trustee, the successor trustee shall cause such notice to be so mailed at the expense of the Company.

Appears in 1 contract

Samples: Chevron Phillips Chemical Co LLC

Acceptance by Successor Trustee. Any successor trustee Trustee ------------------------------- appointed as provided in Section 7.10 shall execute, acknowledge and deliver to the Company and to its predecessor trustee Trustee an instrument accepting such appointment hereunder, and thereupon the resignation or removal of the predecessor trustee Trustee with respect to any or all or any applicable series shall become effective and such successor trusteeTrustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, duties and obligations with respect to such series of its predecessor hereunder, with like effect as if originally named as trustee Trustee herein; but, nevertheless, on the written request of the Company or of the successor trusteeTrustee, the predecessor trustee Trustee ceasing to act shall, upon payment (or due provision therefor) of any amounts then due it pursuant to the provisions of Section 7.06, execute and deliver an instrument transferring to such successor trustee Trustee all the rights and powers with respect to such series of the predecessor trustee, except as provided in Section 7.06 hereofTrustee so ceasing to act. Upon request of any such successor trusteeTrustee, the Company shall execute any and all instruments in writing in order more fully and certainly to vest in and confirm to such successor trustee Trustee all such rights and powers. Any trustee, including the initial Trustee, ceasing to act shall, nevertheless, retain a lien upon all property or funds held or collected by such trustee to secure any amounts then due it pursuant to the provisions of Section 7.06 and shall also retain its rights under Section 7.06 hereof. In case of the appointment hereunder of a successor trustee Trustee with respect to the Securities of one or more (but not all) series, the Company, the predecessor Trustee and each successor trustee Trustee with respect to the Securities of any applicable series shall execute and deliver an indenture supplemental hereto which shall contain such provisions as shall be deemed necessary or desirable to confirm that all the rights, powers, trusts and duties of the predecessor Trustee with respect to the Securities of any series as to which the predecessor Trustee is not retiring shall continue to be vested in the predecessor Trustee, and shall add to or change any of the provisions of this Third Amended and Restated Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one trusteeTrustee, it being understood that nothing herein or in such supplemental indenture shall constitute such trustees Trustees co-trustees of the same trust and that each such trustee Trustee shall be trustee Trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered by any other such trusteeTrustee. No successor trustee Trustee with respect to a series of Securities shall accept appointment as provided in this Section 7.11 unless at the time of such acceptance such successor trustee shall Trustee shall, with respect to such series, be qualified under Section 310(b) of the Trust Indenture Act of 1939 and eligible under the provisions of this Article 7Section 7.09. Upon acceptance of appointment by a successor trustee Trustee with respect to any series as provided in this SectionSection 7.11, the Company shall mail give notice thereof (a) if any Unregistered Securities of a series affected are then Outstanding, to the succession holders thereof, by publication of such trustee hereunder to all holders notice at least once in an Authorized Newspaper in the Borough of Manhattan, The City of New York, at least once in an Authorized Newspaper in London and, if any such Unregistered Securities are listed on the Luxembourg Stock Exchange, at least once in an Authorized Newspaper in Luxembourg, (b) if any Unregistered Securities of any applicable a series as affected are then Outstanding, to the holders thereof who have filed their names and addresses with the Trustee pursuant to Section 313(c)(2) of the Trust Indenture Act of 1939, by mailing such notice to such holders at such addresses as were so furnished to the Trustee (and the Trustee shall make such information available to the Company for such purpose) and (c) to the holders of Registered Securities of each series affected, by mailing such notice to such holders at their addresses as they shall appear on the registry booksbooks of the Company. If the Company fails to mail such notice in the prescribed manner within 10 ten days after the acceptance of appointment by the successor trusteeTrustee, the successor trustee Trustee shall cause such notice to be so mailed given at the expense of the Company.

Appears in 1 contract

Samples: General Electric Capital Corp

Acceptance by Successor Trustee. Any successor trustee appointed as provided in Section 7.10 8.10 shall execute, acknowledge and deliver to the Company Issuer, the Guarantor and to its predecessor trustee an instrument accepting such appointment hereunder, and thereupon the resignation or removal of the predecessor trustee with respect to all or any applicable series shall become effective and such successor trustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, duties and obligations with respect to such series of its predecessor hereunder, with like effect as if originally named as trustee herein; but, nevertheless, on the written request of the Company Issuer, the Guarantor or of the successor trustee, the predecessor trustee ceasing to act shall, upon payment of any amounts then due it pursuant to the provisions of Section 7.068.06, execute and deliver an instrument transferring to such successor trustee all the rights and powers of the predecessor trustee, except as provided in Section 7.06 hereoftrustee so ceasing to act. Upon request of any such successor trustee, the Company Issuer and the Guarantor shall execute any and all instruments in writing in order more fully and certainly to vest in and confirm to such successor trustee all such rights and powers. Any trustee, including the initial Trustee, trustee ceasing to act shall, nevertheless, retain a lien upon all property or funds held or collected by such trustee to secure any amounts then due it pursuant to the provisions of Section 7.06 and shall also retain its rights under Section 7.06 hereof8.06. In case of the appointment hereunder of a successor trustee with respect to the Securities of one or more (but not all) series, the CompanyIssuer, the Guarantor, the predecessor Trustee and each successor trustee with respect to the Securities of any applicable series shall execute and deliver an indenture supplemental hereto which shall contain such provisions as shall be deemed necessary or desirable to confirm that all the rights, powers, trusts and duties of the predecessor Trustee with respect to the Securities of any series as to which the predecessor Trustee is not retiring shall continue to be vested in the predecessor Trustee, and shall add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one trustee, it being understood that nothing herein or in such supplemental indenture shall constitute such trustees co-trustees of the same trust and that each such 51 trustee shall be trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered by any other such trustee. No successor trustee shall accept appointment as provided in this Section unless at the time of such acceptance such successor trustee shall be qualified under the provisions of Section 8.08 and eligible under the provisions of this Article 7Section 8.09. Upon acceptance of appointment by a successor trustee as provided in this Section, the Company Issuer shall mail give notice of the succession of such trustee hereunder to all holders of the (a) if any Unregistered Securities of a series affected are then outstanding, to the Holders thereof, by publication of such notice at least once in an Authorized Newspaper in the Borough of Manhattan, The City of New York and at least once in an Authorized Newspaper in London (and, if required by Section 5.04, at least once in an Authorized Newspaper in Luxembourg), (b) if any applicable Unregistered Securities of a series as affected are then outstanding, to the Holders thereof who have filed their names and addresses with the Trustee pursuant to Section 6.04, by mailing such notice to such Holders at such addresses as were so furnished to the Trustee (and the Trustee shall make such information available to the Issuer for such purpose) and (c) to the Holders of Registered Securities of each series affected, by mailing such holders notice to such Holders at their addresses as they shall appear on the registry booksSecurity Register. If the Company Issuer fails to mail such notice in the prescribed manner within 10 ten days after the acceptance of appointment by the successor trustee, the successor trustee shall cause such notice to be so mailed given at the expense of the CompanyIssuer.

Appears in 1 contract

Samples: General Motors Corp

Acceptance by Successor Trustee. Any successor trustee Trustee appointed as provided in Section 7.10 6.9 shall execute, acknowledge and deliver to the Company and to its predecessor trustee Trustee an instrument accepting such appointment hereunder, and thereupon the resignation or removal of the predecessor trustee with respect to all or any applicable series retiring Trustee shall become effective and such successor trusteeTrustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, duties and obligations with respect to such series the Debentures of its predecessor hereunder, with like effect as if originally named as trustee Trustee herein; : but, nevertheless, on the written request of the Company or of the successor trusteeTrustee, the predecessor trustee Trustee ceasing to act shall, upon payment of any amounts then due it pursuant to the provisions of Section 7.066.6, execute and deliver an instrument transferring to such successor trustee Trustee all the rights and powers of the predecessor trusteeTrustee so ceasing to act and shall duly assign, except as provided in Section 7.06 hereoftransfer and deliver to such successor Trustee all property and money held by such retiring Trustee thereunder. Upon request of any such successor trusteeTrustee, the Company shall execute any and all instruments in writing in order for more fully and certainly to vest vesting in and confirm confirming to such successor trustee Trustee all such rights and powers. Any trustee, including the initial Trustee, Trustee ceasing to act shall, nevertheless, retain a lien upon all property or funds held or collected by such trustee Trustee to secure any amounts then due it pursuant to the provisions of Section 7.06 and shall also retain its rights under Section 7.06 hereof6.6. In case of the appointment hereunder of If a successor trustee with respect to the Securities of one or more (but not all) seriesTrustee is appointed, the Company, the predecessor retiring Trustee and each the successor trustee with respect to the Securities of any applicable series Trustee shall execute and deliver an indenture supplemental hereto which shall contain such provisions as shall be deemed necessary or desirable to confirm that all the rights, powers, trusts and duties of the predecessor retiring Trustee with respect to the Securities of any series Debentures as to which the predecessor Trustee is not retiring shall continue to be vested in the predecessor Trustee, and shall add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts Trust hereunder by more than one trusteeTrustee, it being understood that nothing herein or in such supplemental indenture shall constitute such trustees Trustees co-trustees of the same trust and that each such trustee Trustee shall be trustee Trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered by any other such trusteeTrustee. No successor trustee Trustee shall accept appointment as provided in this Section unless at the time of such acceptance such successor trustee Trustee shall be qualified and eligible under the provisions of this Article 7Section 6.8. In no event shall a retiring Trustee be liable for the acts or omissions of any successor Trustee hereunder. Upon acceptance of appointment by a successor trustee Trustee as provided in this SectionSection 6.10, the Company shall mail notice of the succession of such trustee Trustee hereunder to all the holders of the Securities of any applicable series Debentures at their addresses as the names and addresses of such holders they shall appear on the registry booksDebenture Register. If the Company fails to mail such notice in the prescribed manner within 10 days Business Days after the acceptance of appointment by the successor trusteeTrustee, the successor trustee Trustee shall cause such notice to be so mailed at the expense of the Company.

Appears in 1 contract

Samples: Indenture (Commercial Capital Bancorp Inc)

Acceptance by Successor Trustee. Any successor trustee appointed as provided in Section 7.10 shall execute, acknowledge and deliver to the Company and to its predecessor trustee an instrument accepting such appointment hereunder, and thereupon the resignation or removal of the predecessor trustee with respect to all or any applicable series shall become effective and such successor trustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, duties and obligations with respect to such series of its predecessor hereunder, with like effect as if originally named as trustee herein; herein; but, nevertheless, on the written request of the Company or of the successor trustee, the predecessor trustee shall, upon payment of any amounts then due it pursuant to the provisions of Section 7.06, execute and deliver an instrument transferring to such successor trustee all the rights and powers of the predecessor trustee, except as provided in Section 7.06 hereof. Upon request of any such successor trustee, the Company shall execute any and all instruments in writing in order more fully and certainly to vest in and confirm to such successor trustee all such rights and powers. Any trustee, including the initial Trustee, ceasing to act shall, nevertheless, retain a lien upon all property or funds held or collected by such trustee to secure any amounts then due it pursuant to the provisions of Section 7.06 and shall also retain its rights under Section 7.06 hereof7.06. In case of the appointment hereunder of a successor trustee with respect to the Securities of one or more (but not all) series, the Company, the predecessor Trustee and each successor trustee with respect to the Securities of any applicable series shall execute and deliver an indenture supplemental hereto which shall contain such provisions as shall be deemed necessary or desirable to confirm that all the rights, powers, trusts and duties of the predecessor Trustee with respect to the Securities of any series as to which the predecessor Trustee is not retiring shall continue to be vested in the predecessor Trustee, and shall add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one trustee, it being understood that nothing herein or in such supplemental indenture shall constitute such trustees co-trustees of the same trust and that each such trustee shall be trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered by any other such trustee. No successor trustee shall accept appointment as provided in this Section unless at the time of such acceptance such successor trustee shall be qualified and eligible under the provisions of this Article 7. Upon acceptance of appointment by a successor trustee as provided in this Section, the Company shall mail notice of the succession of such trustee hereunder to all holders of the Securities of any applicable series as the names and addresses of such holders shall appear on the registry books. If the Company fails to mail such notice in the prescribed manner within 10 ten days after the acceptance of appointment by the successor trustee, the successor trustee shall cause such notice to be so mailed at the expense of the Company.

Appears in 1 contract

Samples: Howard Bancorp Inc

Acceptance by Successor Trustee. Any successor trustee with respect to all Securities appointed as provided in Section 7.10 7.09 shall execute, acknowledge and deliver to the Company and to its predecessor trustee an instrument accepting such appointment hereunder, and thereupon the resignation or removal of the predecessor trustee with respect to all or any applicable series shall become effective and such successor trustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, duties and obligations with respect to such series of its predecessor hereunder, with like effect as if originally named as trustee herein; but, nevertheless, on the written request of the Company or of the successor trustee, the predecessor trustee ceasing to act shall, upon payment (or due provision therefor) of any amounts then due it pursuant to the provisions of Section 7.067.05, execute and deliver an instrument transferring to such successor trustee all the rights and powers with respect to such series of the predecessor trustee, except as provided in Section 7.06 hereoftrustee so ceasing to act. Upon request of any such successor trustee, the Company shall execute any and all instruments in writing in order more fully and certainly to vest in and confirm to such successor trustee all such rights and powers. Any trusteeIn case of the appointment hereunder of a successor Trustee with respect to the Securities of one or more (but not all) series, including the initial Company, the retiring Trustee and each successor Trustee with respect to the Securities of one or more series shall execute and deliver an indenture supplemental hereto wherein each successor Trustee shall accept such appointment and which (1) shall contain such provisions as shall be necessary or desirable to transfer and confirm to, and to vest in, each successor Trustee all the rights, powers, trusts and duties of the retiring Trustee with respect to the Securities of that or those series to which the appointment of such successor Trustee relates, (2) if the retiring Trustee is not retiring with respect to all Securities, shall contain such provisions as shall be deemed necessary or desirable to confirm that all the rights, powers, trusts and duties of the retiring Trustee with respect to the Securities of that or those series as to which the retiring Trustee is not retiring shall continue to be vested in the retiring Trustee, and (3) shall add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one Trustee, it being understood that nothing herein or in such supplemental indenture shall constitute such Trustees co-trustees of the same trust and that each such Trustee shall be trustee of a trust or trusts hereunder separate and apart from any trust of trusts hereunder administered by any other such Trustee; and upon the execution and delivery of such supplemental indenture the resignation or removal of the retiring Trustee shall become effective to the extent provided therein and each such successor Trustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, trusts and duties of the retiring Trustee with respect to the Securities of that or those series to which the appointment of such successor Trustee relates; but, on request of the Company or any successor Trustee, such retiring Trustee shall duly assign, transfer and deliver to such successor Trustee all property and money held by such retiring Trustee hereunder with respect to the Securities of that or those series to which the appointment of such successor Trustee relates. Any trustee ceasing to act shall, nevertheless, retain a lien upon all property or funds held or collected by such trustee to secure any amounts then due it pursuant to the provisions of Section 7.06 and shall also retain its rights under Section 7.06 hereof. In case of the appointment hereunder of a successor trustee with respect to the Securities of one or more (but not all) series, the Company, the predecessor Trustee and each successor trustee with respect to the Securities of any applicable series shall execute and deliver an indenture supplemental hereto which shall contain such provisions as shall be deemed necessary or desirable to confirm that all the rights, powers, trusts and duties of the predecessor Trustee with respect to the Securities of any series as to which the predecessor Trustee is not retiring shall continue to be vested in the predecessor Trustee, and shall add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one trustee, it being understood that nothing herein or in such supplemental indenture shall constitute such trustees co-trustees of the same trust and that each such trustee shall be trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered by any other such trustee7.05. No successor trustee shall accept appointment as provided in this Section 7.10 unless at the time of such acceptance such successor trustee shall be qualified under the requirements of the Trust Indenture Act of 1939 and eligible under the provisions of this Article 7Section 7.07. Upon acceptance of appointment by a successor trustee with respect to any series as provided in this SectionSection 7.10, the Company shall mail notice of the succession of such trustee hereunder to all the holders of the each series of Securities of any applicable series affected at their addresses as the names and addresses of such holders they shall appear on the registry booksSecurity Register. If the Company fails to mail such notice in the prescribed manner within 10 ten days after the acceptance of appointment by the successor trustee, the successor trustee shall cause such notice to be so mailed at the expense of the Company.

Appears in 1 contract

Samples: General Electric (General Electric Capital Corp)

Acceptance by Successor Trustee. Any successor trustee Trustee appointed as provided in Section 7.10 8.10 shall execute, acknowledge and deliver to the Company and to its predecessor trustee Trustee an instrument accepting such appointment hereunder, and thereupon the resignation or removal of the predecessor trustee with respect to all or any applicable series Trustee shall become effective and such successor trusteeTrustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, duties and obligations with respect to such series of its predecessor hereunder, with like effect as if originally named as trustee Trustee herein; but, but nevertheless, on the written request of the Company or of the successor trusteeTrustee, the predecessor trustee Trustee shall, upon payment of any amounts then due it pursuant to the provisions of Section 7.068.06, execute and deliver an instrument transferring to such successor trustee Trustee all the rights rights, powers, trusts and powers duties of the predecessor trustee, except as provided in Section 7.06 hereofTrustee ceasing to act. Upon request of the Company or any such successor trusteeTrustee, the Company predecessor Trustee shall execute and deliver any and all instruments in writing in order for more fully and certainly to vest vesting in and confirm confirming to such successor trustee Trustee all such rights rights, powers, trusts and powersduties. Any trustee, including No successor Trustee shall accept appointment as provided in this Section 8.11 unless at the initial Trustee, ceasing to act shall, nevertheless, retain a lien upon all property or funds held or collected by time of such trustee to secure any amounts then due it pursuant to acceptance such successor Trustee shall be qualified under the provisions of Section 7.06 8.08 and shall also retain its rights eligible under the provisions of Section 7.06 hereof8.09. In case of the appointment hereunder of a successor trustee Trustee with respect to the Debt Securities of one or more (but not all) seriesSeries, (i) the Company, the predecessor Trustee and each successor trustee Trustee with respect to the Debt Securities of any applicable series one or more Series shall execute and deliver an indenture supplemental hereto wherein each successor Trustee shall accept such appointment and which (1) shall contain such provisions as shall be necessary or desirable to transfer and confirm to, and to vest in, each successor Trustee all the rights, powers, trusts and duties of the predecessor Trustee with respect to the Debt Securities of that or those Series to which the appointment of such successor Trustee relates, (2) if the predecessor Trustee is not retiring with respect to all Debt Securities, shall contain such provisions as shall be deemed necessary or desirable to confirm that all such provisions as shall be deemed necessary or desirable to confirm that all the rights, powers, trusts and duties of the predecessor Trustee with respect to the Debt Securities of any series that or those Series as to which the predecessor Trustee is not retiring shall continue to be vested in the predecessor Trustee, and (3) shall add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one trusteeTrustee, it being understood that nothing herein or in such supplemental indenture shall constitute such trustees Trustees as being co-trustees of the same trust and that each such trustee Trustee shall be trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered by any other such trustee. No successor trustee shall accept appointment as provided in this Section unless at Trustee; (ii) upon the time execution and delivery of such acceptance supplemental indenture, the resignation or removal of the predecessor Trustee shall become effective to the extent provided therein and each such successor trustee Trustee, without any further act, deed or conveyance, shall be qualified become vested with all the rights, powers, trusts and eligible under duties of the predecessor Trustee with respect to the Debt Securities of that or those Series to which the appointment of such successor Trustee relates; (iii) on the request of the Company or any successor Trustee, such predecessor Trustee (subject to the provisions of this Article 7. Upon acceptance Section 8.06) shall duly assign, transfer and deliver to such successor Trustee all property and money held by such predecessor Trustee hereunder with respect to the Debt Securities of that or those Series to which the appointment by a of such successor trustee as provided in this SectionTrustee relates; and (iv) upon request of any such successor Trustee, the Company shall mail notice of the succession of execute any and all instruments for more fully and certainly vesting in and confirming to such trustee hereunder successor Trustee all rights, powers, trusts and duties referred to all holders of the Securities of any applicable series as the names and addresses of such holders shall appear on the registry books. If the Company fails to mail such notice in the prescribed manner within 10 days after the acceptance of appointment by the successor trustee, the successor trustee shall cause such notice to be so mailed at the expense of the Companythis Section 8.11.

Appears in 1 contract

Samples: Indenture (Nucor Corp)

Acceptance by Successor Trustee. Any successor trustee appointed as provided in Section 7.10 8.09 shall execute, acknowledge and deliver to the Company and to its predecessor trustee an instrument accepting such appointment hereunder, and thereupon the resignation or removal of the predecessor trustee with respect to all or any applicable series shall become effective and such successor trustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, trusts, duties and obligations with respect to such series of its predecessor hereunder, with like effect as if originally named as trustee herein; but, nevertheless, on the written request of the Company or of the successor trustee, the predecessor trustee ceasing to act shall, upon payment of any amounts then due it pursuant to the provisions of Section 7.068.06, execute and deliver an instrument transferring to such successor trustee all the rights and powers and trusts with respect to any series of Securities of the predecessor trustee, except as provided in Section 7.06 hereoftrustee so ceasing to act. Upon request of any such successor trustee, the Company shall execute any and all instruments in writing in order more fully and certainly to vest in and confirm to such successor trustee all such rights and powers. Any trustee, including the initial Trustee, trustee ceasing to act shall, nevertheless, retain a lien upon all property or funds held or collected by such trustee to secure any amounts then due it pursuant to the provisions of Section 7.06 and shall also retain its rights under Section 7.06 hereof8.06. In case of the appointment hereunder of a successor trustee with respect to the Securities of any one or more (but not all) series, the Company, the predecessor Trustee trustee and each successor trustee with respect to the Securities of any applicable series shall execute and deliver an indenture supplemental hereto wherein each successor trustee shall accept such appointment and which shall contain (1) such provisions as shall be necessary or desirable to transfer and confirm to, and vest in each successor trustee all of the rights, powers and duties of the predecessor trustee with respect to the Securities of that or those series to which the appointment of such successor trustee relates, (2) if the retiring trustee is not retiring with respect to all Securities, it shall contain such provisions as shall be deemed necessary or desirable to confirm that all the rights, powers, trusts and duties of the predecessor Trustee trustee with respect to the Securities of any series as to which the predecessor Trustee trustee is not retiring shall continue to be vested in the predecessor Trustee, trustee and (3) shall add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one trustee, it being understood that nothing herein or in such supplemental indenture shall constitute such trustees co-trustees of the same trust and that each such trustee shall be trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered by any other such trustee. No successor trustee shall accept appointment as provided in this Section unless at the time of such acceptance such successor trustee shall be qualified and eligible under the provisions of this Article 7. Upon acceptance of appointment by a successor trustee as provided in this Section, the Company shall mail notice of the succession of such trustee hereunder to all holders of the Securities of any applicable series as the names and addresses of such holders shall appear on the registry books. If the Company fails to mail such notice in the prescribed manner within 10 days after the acceptance of appointment by the successor trustee, the successor trustee shall cause such notice to be so mailed at the expense of the Company.

Appears in 1 contract

Samples: Indenture (Betzdearborn Inc)

Acceptance by Successor Trustee. Any successor trustee Trustee appointed as provided in Section 7.10 6.09 shall execute, acknowledge and deliver to the Company Company, the Guarantor and to its predecessor trustee Trustee an instrument accepting indenture supplemental hereto which shall contain such appointment hereunderprovisions as shall be deemed necessary or desirable to confirm that all of the rights, powers, trusts and duties of the retiring Trustee shall be vested in the successor Trustee, and thereupon the resignation or removal of the predecessor trustee with respect to all or any applicable series retiring Trustee shall become effective and such successor trusteeTrustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, duties and obligations with respect to such series the Debt Securities of its predecessor hereunder, with like effect as if originally named as trustee Trustee herein; but, nevertheless, on the written request of the Company Company, the Guarantor or of the successor trusteeTrustee, the predecessor trustee Trustee ceasing to act shall, upon payment of any the amounts then due it pursuant to the provisions of Section 7.066.06, execute and deliver an instrument transferring to such successor trustee Trustee all the rights and powers of the predecessor trusteeTrustee so ceasing to act and shall duly assign, except as provided in Section 7.06 hereoftransfer and deliver to such successor Trustee all property and money held by such retiring Trustee hereunder. Upon request of any such successor trusteeTrustee, the Company and the Guarantor shall execute any and all instruments in writing in order for more fully and certainly to vest vesting in and confirm confirming to such successor trustee Trustee all such rights and powers. Any trustee, including the initial Trustee, Trustee ceasing to act shall, nevertheless, retain a lien upon all property or funds held or collected by such trustee Trustee to secure any amounts then due it pursuant to the provisions of Section 7.06 and shall also retain its rights under Section 7.06 hereof. In case of the appointment hereunder of a successor trustee with respect to the Securities of one or more (but not all) series, the Company, the predecessor Trustee and each successor trustee with respect to the Securities of any applicable series shall execute and deliver an indenture supplemental hereto which shall contain such provisions as shall be deemed necessary or desirable to confirm that all the rights, powers, trusts and duties of the predecessor Trustee with respect to the Securities of any series as to which the predecessor Trustee is not retiring shall continue to be vested in the predecessor Trustee, and shall add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one trustee, it being understood that nothing herein or in such supplemental indenture shall constitute such trustees co-trustees of the same trust and that each such trustee shall be trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered by any other such trustee6.06. No successor trustee Trustee shall accept appointment as provided in this Section unless at the time of such acceptance such successor trustee Trustee shall be eligible and qualified and eligible under the provisions of this Article 7Section 6.08. In no event shall a retiring Trustee be liable for the acts or omissions of any successor Trustee hereunder. Upon acceptance of appointment by a successor trustee Trustee as provided in this Section, the Company and the Guarantor shall mail notice of the succession of such trustee Trustee hereunder to all the holders of the Debt Securities of any applicable series at their addresses as the names and addresses of such holders they shall appear on the registry booksDebt Security Register. If the Company fails and the Guarantor fail to mail such notice in the prescribed manner within 10 days ten Business Days after the acceptance of appointment by the successor trusteeTrustee, the successor trustee Trustee shall cause such notice to be so mailed at the expense of the CompanyCompany and the Guarantor.

Appears in 1 contract

Samples: Indenture (American Safety Insurance Group LTD)

Acceptance by Successor Trustee. Any successor trustee Trustee appointed as provided in Section 7.10 6.9 shall execute, acknowledge and deliver to the Company Company, the Guarantor and to its predecessor trustee Trustee an instrument accepting such appointment hereunder, and thereupon the resignation or removal of the predecessor trustee with respect to all or any applicable series retiring Trustee shall become effective and such successor trusteeTrustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, duties and obligations with respect to such series the Debentures of its predecessor hereunder, with like effect as if originally named as trustee Trustee herein; but, nevertheless, on the written request of the Company Company, the Guarantor or of the successor trusteeTrustee, the predecessor trustee Trustee ceasing to act shall, upon payment of any amounts then due it pursuant to the provisions of Section 7.066.6, execute and deliver an instrument transferring to such successor trustee Trustee all the rights and powers of the predecessor trusteeTrustee so ceasing to act and shall duly assign, except as provided in Section 7.06 hereoftransfer and deliver to such successor Trustee all property and money held by such retiring Trustee thereunder. Upon request of any such successor trusteeTrustee, the Company and the Guarantor shall execute any and all instruments in writing in order for more fully and certainly to vest vesting in and confirm confirming to such successor trustee Trustee all such rights and powers. Any trustee, including the initial Trustee, Trustee ceasing to act shall, nevertheless, retain a lien upon all property or funds held or collected by such trustee Trustee to secure any amounts then due it pursuant to the provisions of Section 7.06 and shall also retain its rights under Section 7.06 hereof6.6. In case of the appointment hereunder of If a successor trustee with respect to the Securities of one or more (but not all) seriesTrustee is appointed, the Company, the predecessor Guarantor, the retiring Trustee and each the successor trustee with respect to the Securities of any applicable series Trustee shall execute and deliver an indenture supplemental hereto which shall contain such provisions as shall be deemed necessary or desirable to confirm that all the rights, powers, trusts and duties of the predecessor retiring Trustee with respect to the Securities of any series Debentures as to which the predecessor Trustee is not retiring shall continue to be vested in the predecessor Trustee, and shall add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts Trust hereunder by more than one trusteeTrustee, it being understood that nothing herein or in such supplemental indenture shall constitute such trustees Trustees co-trustees of the same trust and that each such trustee Trustee shall be trustee Trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered by any other such trusteeTrustee. No successor trustee Trustee shall accept appointment as provided in this Section unless at the time of such acceptance such successor trustee Trustee shall be qualified and eligible under the provisions of this Article 7Section 6.8. In no event shall a retiring Trustee be liable for the acts or omissions of any successor Trustee hereunder. Upon acceptance of appointment by a successor trustee Trustee as provided in this SectionSection 6.10, the Company shall mail notice of the succession of such trustee Trustee hereunder to all the holders of the Securities of any applicable series Debentures at their addresses as the names and addresses of such holders they shall appear on the registry booksDebenture Register. If the Company fails to mail such notice in the prescribed manner within 10 days Business Days after the acceptance of appointment by the successor trusteeTrustee, the successor trustee Trustee shall cause such notice to be so mailed at the expense of the Company.

Appears in 1 contract

Samples: Indenture (MortgageIT Holdings, Inc.)

Acceptance by Successor Trustee. Any successor trustee appointed as provided in Section 7.10 shall execute, acknowledge and deliver to the Company Company, the Guarantor and to its predecessor trustee an instrument accepting such appointment hereunder, and thereupon the resignation or removal of the predecessor trustee with respect to all or any applicable series shall become effective and such successor trustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, duties and obligations with respect to such series of its predecessor hereunder, with like effect as if originally named as trustee herein; herein; but, nevertheless, on the written request of the Company Company, the Guarantor or of the successor trustee, the predecessor trustee ceasing to act shall, upon payment of any amounts then due it pursuant to the provisions of Section 7.06, execute and deliver an instrument transferring to such successor trustee all the rights and powers of the predecessor trusteetrustee so ceasing to act and shall assign, except as provided in Section 7.06 hereoftransfer and deliver to such successor or trustee all property and money held by such trustee so ceasing to act. Upon request of any such successor trustee, the Company and the Guarantor shall execute any and all instruments in writing in order more fully and certainly to vest in and confirm to such successor trustee all such rights and powers. Any trustee, including the initial Trustee, trustee ceasing to act shall, nevertheless, retain a lien upon all property or funds held or collected by such trustee to secure any amounts then due it pursuant to the provisions of Section 7.06 and shall also retain its rights under Section 7.06 hereof7.06. In case of the appointment hereunder of a successor trustee with respect to the Securities of one or more (but not all) series, the Company, the Guarantor (if any of such series of Securities are entitled to the benefits of Article Fifteen) and the predecessor Trustee trustee and each successor trustee with respect to the Securities of any applicable series shall execute and deliver an indenture supplemental hereto which shall contain such provisions as shall be deemed necessary or desirable to confirm that all the rights, powers, trusts and duties of the predecessor Trustee trustee with respect to the Securities of any series as to which the predecessor Trustee trustee is not retiring shall continue to be vested in the predecessor Trusteetrustee, and shall add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one trustee, it being understood that nothing herein or in such supplemental indenture shall constitute such trustees co-trustees of the same trust and that each such trustee shall be trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered by any other such trustee. No successor trustee shall accept appointment as provided in this Section unless at the time of such acceptance such successor trustee shall be qualified under the provisions of Section 7.08 and eligible under the provisions of this Article 7Section 7.09. Upon acceptance of appointment by a successor trustee as provided in this Section, the Company shall mail give notice of the succession of such trustee hereunder to all holders the Holders of the Securities of any applicable each series affected, by mailing such notice to such Holders at their addresses as the names and addresses of such holders they shall appear on the registry booksSecurity Register. If the Company fails to mail such notice in the prescribed manner within 10 ten (10) days after the acceptance of appointment by the successor trustee, the successor trustee shall cause such notice to be so mailed given at the expense of the Company.

Appears in 1 contract

Samples: Indenture

Acceptance by Successor Trustee. Any successor trustee appointed as provided in Section 7.10 shall execute, acknowledge and deliver to the Company and to its predecessor trustee an instrument accepting such appointment hereunder, and thereupon the resignation or removal of the predecessor trustee with respect to all or any applicable series shall become effective and such successor trustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, duties and obligations with respect to such series of its predecessor hereunder, with like effect as if originally named as trustee herein; but, nevertheless, on the written request of the Company or of the successor trustee, the predecessor trustee ceasing to act shall, upon payment of any amounts then due it pursuant to the provisions of Section 7.06, execute and deliver an instrument transferring to such successor trustee all the rights and powers of the predecessor trustee, except as provided in Section 7.06 hereoftrustee so ceasing to act. Upon request of any such successor trustee, the Company shall execute any and all instruments in writing in order more fully and certainly to vest in and confirm to such successor trustee all such rights and powers. Any trustee, including the initial Trustee, ceasing trustee leasing to act shall, nevertheless, retain a lien upon all property or funds held or collected by such trustee to secure any amounts then due it pursuant to the provisions of Section 7.06 and shall also retain its rights under Section 7.06 hereof7.06. In case of the appointment hereunder of a successor trustee with respect to the Securities of one or more (but not all) series, the Company, the predecessor Trustee and each successor trustee with respect to the Securities of any applicable series shall execute and deliver an indenture supplemental hereto which shall contain such provisions as shall be deemed necessary or desirable to confirm that all the rights, powers, trusts and duties of the predecessor Trustee with respect to the Securities of any series as to which the predecessor Trustee is not retiring shall continue to be vested in the predecessor Trustee, and shall add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one trustee, it being understood that nothing herein or in such supplemental indenture shall constitute such trustees co-trustees of the same trust and that each such trustee shall be trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered by any other such trustee. No successor trustee shall accept appointment as provided in this Section unless at the time of such acceptance such successor trustee shall be qualified under the provisions of Section 7.08 and eligible under the provisions of this Article 7section 7.09. Upon acceptance of appointment by a successor trustee as provided in this Section, the Company shall mail give notice of the succession of such trustee hereunder to all holders of the (a) if any Unregistered Securities of a series affected are then Outstanding, to the Holders thereof, by publication of such notice at least once in an Authorized Newspaper in the Borough of Manhattan, The City of New York and at least once in an Authorized Newspaper, in London, (b) if any applicable Unregistered Securities of a series as affected are then Outstanding, to the Holders thereof who have filed their names and addresses with the Trustee pursuant to Section 5.04, by mailing such notice to such Holders at such addresses as were so furnished to the Trustee (and the Trustee shall make such information available to the Company for such purpose) and (c) to the Holders of Registered Securities of each series affected, by mailing such holders notice to such Holders at their addresses as they shall appear on the registry booksSecurity Register. If the Company fails to mail such notice in the prescribed manner within 10 ten days after the acceptance of appointment by the successor trustee, the successor trustee shall cause such notice to be so mailed given at the expense of the Company.

Appears in 1 contract

Samples: Aon Corp

Acceptance by Successor Trustee. Any successor trustee Trustee appointed as provided in Section 7.10 6.10 shall execute, acknowledge and deliver to the Company and the Guarantor and to its predecessor trustee Trustee an instrument accepting such appointment hereunder, and thereupon the resignation or removal of the predecessor trustee retiring Trustee with respect to all or any applicable series shall become effective and such successor trusteeTrustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, duties and obligations with respect to such series of its predecessor hereunder, with like effect as if originally named as trustee Trustee herein; but, nevertheless, on the written request of the Company or the Guarantor or of the successor trusteeTrustee, the predecessor trustee Trustee ceasing to act shall, upon payment of any amounts then due it pursuant to the provisions of Section 7.066.06, execute and deliver an instrument transferring to such successor trustee Trustee all the rights and powers of the predecessor trusteeTrustee so ceasing to act and shall duly assign, except as provided in Section 7.06 hereoftransfer and deliver to such successor Trustee all property and money held by such retiring Trustee thereunder. Upon request of any such successor trusteeTrustee, the Company and the Guarantor shall execute any and all instruments in writing in order for more fully and certainly to vest vesting in and confirm confirming to such successor trustee Trustee all such rights and powers. Any trustee, including the initial Trustee, Trustee ceasing to act shall, nevertheless, retain a lien upon all property or funds held or collected by such trustee Trustee to secure any amounts then due it pursuant to the provisions of Section 7.06 and shall also retain its rights under Section 7.06 hereof6.06. In case of the appointment hereunder of If a successor trustee Trustee is appointed with respect to the Securities of one or more (but not all) series, the Company, the predecessor Guarantor, the retiring Trustee and each successor trustee Trustee with respect to the Securities of any applicable series shall execute and deliver an indenture supplemental hereto which shall contain such provisions as shall be deemed necessary or desirable to confirm that all the rights, powers, trusts and duties of the predecessor retiring Trustee with respect to the Securities of any series as to which the predecessor Trustee is not retiring shall continue to be vested in the predecessor Trustee, and shall add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts Trust hereunder by more than one trusteeTrustee, it being understood that nothing herein or in such supplemental indenture shall constitute such trustees Trustees co-trustees of the same trust and that each such trustee Trustee shall be trustee Trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered by any other such trusteeTrustee. No successor trustee Trustee shall accept appointment as provided in this Section 6.11 unless at the time of such acceptance such successor trustee Trustee shall be qualified under the provisions of Section 6.08 and eligible under the provisions of this Article 7Section 6.09. 50 Upon acceptance of appointment by a successor trustee Trustee as provided in this SectionSection 6.11, the Company and the Guarantor shall mail notice of the succession of such trustee Trustee hereunder to all the holders of the Securities of any applicable series at their addresses as the names and addresses of such holders they shall appear on the registry booksSecurity register. If the Company fails and the Guarantor fail to mail such notice in the prescribed manner within 10 days ten Business Days after the acceptance of appointment by the successor trusteeTrustee, the successor trustee Trustee shall cause such notice to be so mailed at the expense of the CompanyCompany and the Guarantor.

Appears in 1 contract

Samples: Indenture (Countrywide Financial Corp)

Acceptance by Successor Trustee. Any successor trustee Trustee appointed as provided in Section 7.10 6.10 shall execute, acknowledge and deliver to the Company and to its predecessor trustee Trustee an instrument accepting such appointment hereunder, and thereupon the resignation or removal of the predecessor trustee retiring Trustee with respect to all or any applicable series shall become effective and such successor trusteeTrustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, duties and obligations with respect to such series of its predecessor hereunder, with like effect as if originally named as trustee Trustee herein; but, nevertheless, on the written request of the Company or of the successor trusteeTrustee, the predecessor trustee Trustee ceasing to act shall, upon payment of any amounts then due it pursuant to the provisions of Section 7.066.06, execute and deliver an instrument transferring to such successor trustee Trustee all the rights and powers of the predecessor trusteeTrustee so ceasing to act and shall duly assign, except as provided in Section 7.06 hereoftransfer and deliver to such successor Trustee all property and money held by such 37 45 retiring Trustee thereunder. Upon request of any such successor trusteeTrustee, the Company shall execute any and all instruments in writing in order for more fully and certainly to vest vesting in and confirm confirming to such successor trustee Trustee all such rights and powers. Any trustee, including the initial Trustee, Trustee ceasing to act shall, nevertheless, retain a lien upon all property or funds held or collected by such trustee Trustee to secure any amounts then due it pursuant to the provisions of Section 7.06 and shall also retain its rights under Section 7.06 hereof6.06. In case of the appointment hereunder of If a successor trustee Trustee is appointed with respect to the Debt Securities of one or more (but not all) series, the Company, the predecessor retiring Trustee and each successor trustee Trustee with respect to the Debt Securities of any applicable series shall execute and deliver an indenture supplemental hereto which shall contain such provisions as shall be deemed necessary or desirable to confirm that all the rights, powers, trusts and duties of the predecessor retiring Trustee with respect to the Debt Securities of any series as to which the predecessor Trustee is not retiring shall continue to be vested in the predecessor Trustee, and shall add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts Trust hereunder by more than one trusteeTrustee, it being understood that nothing herein or in such supplemental indenture shall constitute such trustees Trustees co-trustees of the same trust and that each such trustee Trustee shall be trustee Trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered by any other such trusteeTrustee. No successor trustee Trustee shall accept appointment as provided in this Section 6.11 unless at the time of such acceptance such successor trustee Trustee shall be qualified under the provisions of Section 6.08 and eligible under the provisions of this Article 7Section 6.09. In no event shall a retiring Trustee be liable for the acts or omissions of any successor Trustee hereunder. Upon acceptance of appointment by a successor trustee Trustee as provided in this SectionSection 6.11, the Company shall mail notice of the succession of such trustee Trustee hereunder to all the holders of the Debt Securities of any applicable series at their addresses as the names and addresses of such holders they shall appear on the registry booksDebt Security Register. If the Company fails to mail such notice in the prescribed manner within 10 days ten Business Days after the acceptance of appointment by the successor trusteeTrustee, the successor trustee Trustee shall cause such notice to be so mailed at the expense of the Company.

Appears in 1 contract

Samples: Indenture (Summit Capital Trust I)

Acceptance by Successor Trustee. Any successor trustee Trustee appointed as provided in Section 7.10 6.10 shall execute, acknowledge and deliver to the Company and to its predecessor trustee Trustee an instrument accepting such appointment hereunder, and thereupon the resignation or removal of the predecessor trustee retiring Trustee with respect to all or any applicable series shall become effective and such successor trusteeTrustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, duties and obligations with respect to such series of its predecessor hereunder, with like effect as if originally named as trustee Trustee herein; but, nevertheless, on the written request of the Company or of the successor trusteeTrustee, the predecessor trustee Trustee ceasing to act shall, upon payment of any amounts then due it pursuant to the provisions of Section 7.066.06, execute and deliver an instrument transferring to such successor trustee Trustee all the rights and powers of the predecessor trusteeTrustee so ceasing to act and shall duly assign, except as provided in Section 7.06 hereoftransfer and deliver to such successor Trustee all property and money held by such retiring Trustee thereunder. Upon request of any such successor trusteeTrustee, the Company shall execute any and all instruments in writing in order for more fully and certainly to vest vesting in and confirm confirming to such successor trustee Trustee all such rights and powers. Any trustee, including the initial Trustee, Trustee ceasing to act shall, nevertheless, retain a lien upon all property or funds held or collected by such trustee Trustee to secure any amounts then due it pursuant to the provisions of Section 7.06 and shall also retain its rights under Section 7.06 hereof6.06. In case of the appointment hereunder of If a successor trustee Trustee is appointed with respect to the Securities of one or more (but not all) series, the Company, the predecessor retiring Trustee and each successor trustee Trustee with respect to the Securities of any applicable series shall execute and deliver an indenture supplemental hereto which shall contain such provisions as shall be deemed necessary or desirable to confirm that all the rights, powers, trusts and duties of the predecessor retiring Trustee with respect to the Securities of any series as to which the predecessor Trustee is not retiring shall continue to be vested in the predecessor Trustee, and shall add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts Trustee hereunder by more than one trusteeTrustee, it being understood that nothing herein or in such supplemental indenture shall constitute such trustees Trustees co-trustees Trustees of the same trust and that each such trustee Trustee shall be trustee Trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered by any other such trusteeTrustee. No successor trustee Trustee shall accept appointment as provided in this Section 6.11 unless at the time of such acceptance such successor trustee Trustee shall be qualified under the provisions of Section 6.08 and eligible under the provisions of this Article 7Section 6.09. Upon acceptance of appointment by a successor trustee Trustee as provided in this SectionSection 6.11, the Company shall mail notice of the succession of such trustee Trustee hereunder to all the holders of the Securities of any applicable series at their addresses as the names and addresses of such holders they shall appear on the registry booksSecurity register. If the Company fails to mail such notice in the prescribed manner within 10 days after the acceptance of appointment by the successor trusteeTrustee, the successor trustee Trustee shall cause such notice to be so mailed at the expense of the Company.

Appears in 1 contract

Samples: Indenture (Unifi Inc)

Acceptance by Successor Trustee. Any successor trustee appointed as provided in Section 7.10 shall execute, acknowledge and deliver to the Company Corporation and to its predecessor trustee an instrument accepting such appointment hereunder, and thereupon the resignation or removal of the predecessor trustee with respect to all or any applicable series shall become effective and such successor trustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, duties and obligations with respect to such series of its predecessor hereunder, with like effect as if originally named as trustee herein; but, nevertheless, on the written request of the Company Corporation or of the successor trustee, the predecessor trustee ceasing to act shall, upon payment of any amounts then due it pursuant to the provisions of Section 7.06, execute and deliver an instrument transferring to such successor trustee all the rights and powers of the predecessor trustee, except as provided in Section 7.06 hereoftrustee so ceasing to act. Upon request of any such successor trustee, the Company Corporation shall execute any and all instruments in writing in order more fully and certainly to vest in and confirm to such successor trustee all such rights and powers. Any trustee, including the initial Trustee, trustee ceasing to act shall, nevertheless, retain a lien upon all property or funds held or collected by such trustee to secure any amounts then due it pursuant to the provisions of Section 7.06 and shall also retain its rights under Section 7.06 hereof7.06. In case of the appointment hereunder of a successor trustee Trustee with respect to the Debt Securities of one or more (but not all) series, the Company, the predecessor retiring Trustee and each successor trustee Trustee with respect to the Debt Securities of any applicable one or more series shall execute and deliver an indenture supplemental hereto hereto, pursuant to Article Ten hereof, wherein each successor Trustee shall accept such appointment and which (1) shall contain such provisions as shall be necessary or desirable to transfer and confirm to, and to vest in, each successor Trustee all the rights, powers, trusts and duties of the retiring Trustee with respect to the Debt Securities of that or those series to which the appointment of such successor Trustee relates, (2) if the retiring Trustee is not retiring with respect to all Debt Securities, shall contain such provisions as shall be deemed necessary or desirable to confirm that all the rights, powers, trusts and duties of the predecessor retiring Trustee with respect to the Debt Securities of any that or those series as to which the predecessor retiring Trustee is not retiring shall continue to be vested in the predecessor retiring Trustee, and (3) shall add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one trusteeTrustee, it being understood that nothing herein or in such supplemental indenture shall constitute such trustees Trustees co-trustees of the same trust and that each such trustee Trustee shall be trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered by any other such trusteeTrustee; and upon the execution and delivery of such supplemental indenture the resignation or removal of the retiring Trustee shall become effective to the extent provided therein and each such successor Trustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, trusts and duties of the retiring Trustee with respect to the Debt Securities of that or those series to which the appointment of such successor Trustee relates; but, on request of the Company or any successor Trustee, such retiring Trustee shall duly assign, transfer and deliver to such successor Trustee all property and money held by such retiring Trustee hereunder with respect to the Securities of that or those series to which the appointment of such successor Trustee relates. No successor trustee shall accept appointment as provided in this Section unless at the time of such acceptance such successor trustee shall be qualified under the provisions of Section 7.08 and eligible under the provisions of this Article 7Section 7.09. Upon acceptance of appointment by a successor trustee as provided in this Section, the Company Corporation shall mail give notice of the succession of such trustee hereunder to all holders the Holders of the Debt Securities of any applicable each series affected, by mailing such notice to such Holders at their addresses as the names and addresses of such holders they shall appear on the registry booksDebt Security Register. If the Company Corporation fails to mail such notice in the prescribed manner within 10 days after the acceptance of appointment by the successor trustee, the successor trustee shall cause such notice to be so mailed given at the expense of the CompanyCorporation.

Appears in 1 contract

Samples: Mercer International Inc.

Acceptance by Successor Trustee. Any successor trustee appointed as provided in Section 7.10 shall execute, acknowledge and deliver to the Company Company, the Guarantor and to its predecessor trustee an instrument accepting such appointment hereunder, and thereupon the resignation or removal of the predecessor trustee with respect to all or any applicable series shall become effective and such successor trustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, duties and obligations with respect to such series of its predecessor hereunder, with like effect as if originally named as trustee herein; but, nevertheless, on the written request of the Company Company, the Guarantor or of the successor trustee, the predecessor trustee ceasing to act shall, upon payment of any amounts then due it pursuant to the provisions of Section 7.06, execute and deliver an instrument transferring to such successor trustee all the rights and powers of the predecessor trusteetrustee so ceasing to act and shall assign, except as provided in Section 7.06 hereoftransfer and deliver to such successor or trustee all property and money held by such trustee so ceasing to act. Upon request of any such successor trustee, the Company and the Guarantor shall execute any and all instruments in writing in order to more fully and certainly to vest in and confirm to such successor trustee all such rights and powers. Any trustee, including the initial Trustee, trustee ceasing to act shall, nevertheless, retain a lien upon all property or funds held or collected by such trustee to secure any amounts then due it pursuant to the provisions of Section 7.06 and shall also retain its rights under Section 7.06 hereof7.06. In case of the appointment hereunder of a successor trustee with respect to the Securities of one or more (but not all) series, the Company, the Guarantor (if any of such series of Securities are entitled to the benefits of Article Fifteen) and the predecessor Trustee trustee and each successor trustee with respect to the Securities of any applicable series shall execute and deliver an indenture supplemental hereto which shall contain such provisions as shall be deemed necessary or desirable to confirm that all the rights, powers, trusts and duties of the predecessor Trustee trustee with respect to the Securities of any series as to which the predecessor Trustee trustee is not retiring shall continue to be vested in the predecessor Trusteetrustee, and shall add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one trustee, it being understood that nothing herein or in such supplemental indenture shall constitute such trustees co-trustees of the same trust and that each such trustee shall be trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered by any other such trustee. No successor trustee shall accept appointment as provided in this Section unless at the time of such acceptance such successor trustee shall be qualified under the provisions of Section 7.08 and eligible under the provisions of this Article 7Section 7.09. Upon acceptance of appointment by a successor trustee as provided in this Section, the Company shall mail give notice of the succession of such trustee hereunder to all holders the Holders of the Securities of any applicable each series affected, by mailing such notice to such Holders at their addresses as the names and addresses of such holders they shall appear on the registry booksSecurity Register. If the Company fails to mail such notice in the prescribed manner within 10 ten (10) days after the acceptance of appointment by the successor trustee, the successor trustee shall cause such notice to be so mailed given at the expense of the Company.

Appears in 1 contract

Samples: Indenture (Aon PLC)

Acceptance by Successor Trustee. Any successor trustee Trustee appointed as provided in Section 7.10 shall execute, acknowledge and deliver to the Company and to its predecessor trustee Trustee an instrument accepting such appointment hereunder, and thereupon the resignation or removal of the predecessor trustee Trustee with respect to any or all or any applicable series shall become effective and such successor trusteeTrustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, duties and obligations with respect to such series of its predecessor hereunder, with like effect as if originally named as trustee Trustee herein; but, nevertheless, on the written request of the Company or of the successor trusteeTrustee, the predecessor trustee Trustee ceasing to act shall, upon payment (or due provision therefor) of any amounts then due it pursuant to the provisions of Section 7.06, execute and deliver an instrument transferring to such successor trustee Trustee all the rights and powers with respect to such series of the predecessor trustee, except as provided in Section 7.06 hereofTrustee so ceasing to act. Upon request of any such successor trusteeTrustee, the Company shall execute any and all instruments in writing in order more fully and certainly to vest in and confirm to such successor trustee Trustee all such rights and powers. Any trustee, including the initial Trustee, ceasing to act shall, nevertheless, retain a lien upon all property or funds held or collected by such trustee to secure any amounts then due it pursuant to the provisions of Section 7.06 and shall also retain its rights under Section 7.06 hereof. In case of the appointment hereunder of a successor trustee Trustee with respect to the Debt Securities of one or more (but not all) series, the Company, the predecessor Trustee and each successor trustee Trustee with respect to the Debt Securities of any applicable series shall execute and deliver an indenture supplemental hereto which shall contain such provisions as shall be deemed necessary or desirable to confirm that all the rights, powers, trusts and duties of the predecessor Trustee with respect to the Debt Securities of any series as to which the predecessor Trustee is not retiring shall continue to be vested in the predecessor Trustee, and shall add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one trusteeTrustee, it being understood that nothing herein or in such supplemental indenture shall constitute such trustees Trustees co-trustees of the same trust and that each such trustee Trustee shall be trustee Trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered by any other such trusteeTrustee. No successor trustee Trustee with respect to a series of Debt Securities shall accept appointment as provided in this Section 7.11 unless at the time of such acceptance such successor trustee shall Trustee shall, with respect to such series, be qualified under Section 310(b) of the Trust Indenture Act of 1939 and eligible under the provisions of this Article 7Section 7.09. Upon acceptance of appointment by a successor trustee Trustee with respect to any series as provided in this SectionSection 7.11, the Company shall mail give notice thereof (a) if any Unregistered Debt Securities of a series affected are then Outstanding, to the succession holders thereof, by publication of such trustee hereunder to all holders notice at least once in an Authorized Newspaper in the Borough of Manhattan, The City of New York, at least once in an Authorized Newspaper in London and, if any such Unregistered Debt Securities are listed on the Luxembourg Stock Exchange, at least once in an Authorized Newspaper in Luxembourg, (b) if any Unregistered Debt Securities of any applicable a series as affected are then Outstanding, to the holders thereof who have filed their names and addresses with the Trustee pursuant to Section 313(c)(2) of the Trust Indenture Act of 1939, by mailing such notice to such holders at such addresses as were so furnished to the Trustee (and the Trustee shall make such information available to the Company for such purpose) and (c) to the holders of Registered Debt Securities of each series affected, by mailing such notice to such holders at their addresses as they shall appear on the registry booksbooks of the Company. If the Company fails to mail such notice in the prescribed manner within 10 ten days after the acceptance of appointment by the successor trusteeTrustee, the successor trustee Trustee shall cause such notice to be so mailed given at the expense of the Company.

Appears in 1 contract

Samples: General Electric Capital Corp

Acceptance by Successor Trustee. Any successor trustee appointed as provided in Section 7.10 8.10 shall execute, acknowledge and deliver to the Company and to its predecessor trustee an instrument accepting such appointment hereunder, and thereupon the resignation or removal of the predecessor trustee with respect to all or any applicable series shall become effective and such successor trustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, trusts, duties and obligations with respect to such series of its predecessor hereunder, with like effect as if originally named as trustee herein; but, nevertheless, on the written request of the Company or of the successor trustee, the predecessor trustee ceasing to act shall, upon payment of any amounts then due it pursuant to the provisions of Section 7.068.06, execute and deliver an instrument transferring to such successor trustee all the rights and powers and trusts with respect to any series of Securities of the predecessor trustee, except as provided in Section 7.06 hereoftrustee so ceasing to act. Upon request of any such successor trustee, the Company shall execute any and all instruments in writing in order more fully and certainly to vest in and confirm to such successor trustee all such rights and powers. Any trustee, including the initial Trustee, trustee ceasing to act shall, nevertheless, retain a lien upon all property or funds held or collected by such trustee to secure any amounts then due it pursuant to the provisions of Section 7.06 and shall also retain its rights under Section 7.06 hereof8.06. In case of the appointment hereunder of a successor trustee with respect to the Securities of any one or more (but not all) series, the Company, the predecessor Trustee trustee and each successor trustee with respect to the Securities of any applicable series shall execute and deliver an indenture supplemental hereto wherein each successor trustee shall accept such appointment and which shall contain (1) such provisions as shall be necessary or desirable to transfer and confirm to, and vest in each successor trustee all of the rights, powers and duties of the predecessor trustee with respect to the Securities of that or those series to which the appointment of such successor trustee relates, (2) if the retiring trustee is not retiring with respect to all Securities, it shall contain such provisions as shall be deemed necessary or desirable to confirm that all the rights, powers, trusts and duties of the predecessor Trustee trustee with respect to the Securities of any series as to which the predecessor Trustee trustee is not retiring shall continue to be vested in the predecessor Trustee, trustee and (3) shall add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one trustee, it being understood that nothing herein or in such supplemental indenture shall constitute such trustees co-trustees of the same trust and that each such trustee shall be trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered by any other such trustee. No successor trustee shall accept appointment as provided in this Section 8.11 unless at the time of such acceptance such successor trustee shall be qualified under the provisions of Section 8.08 and eligible under the provisions of this Article 7. Upon acceptance of appointment by a successor trustee as provided in this Section, the Company shall mail notice of the succession of such trustee hereunder to all holders of the Securities of any applicable series as the names and addresses of such holders shall appear on the registry books. If the Company fails to mail such notice in the prescribed manner within 10 days after the acceptance of appointment by the successor trustee, the successor trustee shall cause such notice to be so mailed at the expense of the CompanySection 8.09.

Appears in 1 contract

Samples: Indenture (Lyondell Chemical Co)

Acceptance by Successor Trustee. Any successor trustee appointed as provided in Section 7.10 6.10 shall execute, acknowledge and deliver to the Company and to its predecessor trustee an instrument accepting such appointment hereunder, and thereupon the resignation or removal of the predecessor trustee with respect to all or any applicable series shall become effective and such successor trustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, duties and obligations with respect to such series of its predecessor hereunder, with like effect as if originally named as trustee herein; but, nevertheless, on the written request of the Company or of the successor trustee, the predecessor trustee ceasing to act shall, upon payment of any amounts then due it pursuant to the provisions of Section 7.066.06, execute and deliver an instrument transferring to such successor trustee all the rights and powers of the predecessor trustee, except as provided in Section 7.06 hereoftrustee so ceasing to act. Upon request of any such successor trustee, the Company shall execute any and all instruments in writing in order for more fully and certainly to vest vesting in and confirm confirming to such successor trustee all such rights and powers. Any trustee, including the initial Trustee, trustee ceasing to act shall, nevertheless, retain a lien upon all property or funds held or collected by such trustee to secure any amounts then due it pursuant to the provisions of Section 7.06 and shall also retain its rights under Section 7.06 hereof6.06. In case of the appointment hereunder of If a successor trustee is appointed with respect to the Securities of one or more (but not all) series, the Company, the predecessor Trustee trustee and each successor trustee with respect to the Securities of any applicable series shall execute and deliver an indenture supplemental hereto which shall contain such provisions as shall be deemed necessary or desirable to confirm that all the rights, powers, trusts and duties of the predecessor Trustee trustee with respect to the Securities of any series as to which the predecessor Trustee trustee is not retiring shall continue to be vested in the predecessor Trusteetrustee, and shall add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts trustee hereunder by more than one trustee, it being understood that nothing herein or in such supplemental indenture shall constitute such trustees co-trustees of the same trust and that each such trustee shall be trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered by any other such trustee. No successor trustee shall accept appointment as provided in this Section 6.11 unless at the time of such acceptance such successor trustee shall be qualified under the provisions of Section 6.08 and eligible under the provisions of this Article 7Section 6.09. Upon acceptance of appointment by a successor trustee as provided in this SectionSection 6.11, the Company shall mail notice of the succession of such trustee hereunder to all the holders of the Securities of any applicable series at their addresses as the names and addresses of such holders they shall appear on the registry booksSecurity register. If the Company fails to mail such notice in the prescribed manner within 10 days after the acceptance of appointment by the successor trustee, the successor trustee shall cause such notice to be so mailed at the expense of the Company.

Appears in 1 contract

Samples: Indenture (Phillips Petroleum Co)

Acceptance by Successor Trustee. Any successor trustee appointed as provided in Section 7.10 shall execute, acknowledge and deliver to the Company and to its predecessor trustee an instrument accepting such appointment hereunder, and thereupon the resignation or removal of the predecessor trustee with 50 43 respect to all or any applicable series shall become effective and such successor trustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, duties and obligations with respect to such series of its predecessor hereunder, with like effect as if originally named as trustee herein; but, nevertheless, on the written request of the Company or of the successor trustee, the predecessor trustee ceasing to act shall, upon payment of any amounts then due it pursuant to the provisions of Section 7.06, execute and deliver an instrument transferring to such successor trustee all the rights and powers of the predecessor trustee, except as provided in Section 7.06 hereoftrustee so ceasing to act. Upon request of any such successor trustee, the Company shall execute any and all instruments in writing in order more fully and certainly to vest in and confirm to such successor trustee all such rights and powers. Any trustee, including the initial Trustee, trustee ceasing to act shall, nevertheless, retain a lien upon all property or funds held or collected by such trustee to secure any amounts then due it pursuant to the provisions of Section 7.06 and shall also retain its rights under Section 7.06 hereof7.06. In case of the appointment hereunder of a successor trustee with respect to the Securities of one or more (but not all) series, the Company, the predecessor Trustee and each successor trustee with respect to the Securities of any applicable series shall execute and deliver an indenture supplemental hereto which shall contain such provisions as shall be deemed necessary or desirable to confirm that all the rights, powers, trusts and duties of the predecessor Trustee with respect to the Securities of any series as to which the predecessor Trustee is not retiring shall continue to be vested in the predecessor Trustee, and shall add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one trustee, it being understood that nothing herein or in such supplemental indenture shall constitute such trustees co-trustees of the same trust and that each such trustee shall be trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered by any other such trustee. No successor trustee shall accept appointment as provided in this Section unless at the time of such acceptance such successor trustee shall be qualified under the provisions of Section 7.08 and eligible under the provisions of this Article 7Section 7.09. Upon acceptance of appointment by a successor trustee as provided in this Section, the Company shall mail give notice of the succession of such trustee hereunder to all holders of the (a) if any Unregistered Securities of a series affected are then Outstanding, to the Holders thereof, by publication of such notice at least once in an Authorized Newspaper in the Borough of Manhattan, The City of New York and at least once in an Authorized Newspaper in London (and, if required by Section 4.04, at least once in an Authorized Newspaper in Luxembourg), (b) if any applicable Unregistered Securities of a series as affected are then Outstanding, to the Holders thereof who have filed their names and addresses with the Trustee pursuant to Section 5.04, by mailing such notice to such Holders at such addresses as were so furnished to the Trustee (and the Trustee shall make such information available to the Company for such purpose) and (c) to the Holders of Registered Securities of each series affected, by mailing such holders notice to such Holders at their addresses as they shall appear on the registry booksSecurity Register. If the Company fails to 51 44 mail such notice in the prescribed manner within 10 ten days after the acceptance of appointment by the successor trustee, the successor trustee shall cause such notice to be so mailed given at the expense of the Company. SECTION 7.12.

Appears in 1 contract

Samples: Indenture (Trinova Corp)

Acceptance by Successor Trustee. Any successor trustee appointed as provided in Section 7.10 7.09 shall execute, acknowledge and deliver to the Company and the Guarantor and to its predecessor trustee an instrument accepting such appointment hereunder, and thereupon the resignation or removal of the predecessor trustee with respect to all or any the applicable series Securities shall become effective and such successor trustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, duties and obligations with respect to such series of its predecessor hereunder, with like effect as if originally named as trustee herein; but, nevertheless, on the written request of the Company or of the successor trustee, the predecessor trustee shall, upon payment of any amounts then due it pursuant to the provisions of Section 7.06, execute and deliver an instrument transferring to such successor trustee all the rights and powers of the predecessor trustee, except as provided in Section 7.06 hereof. Upon request of any such successor trustee, the Company and the Guarantor shall execute any and all instruments in writing in order more fully and certainly to vest in and confirm to such successor trustee all such rights and powers. Any trustee, including the initial Trustee, ceasing to act shall, nevertheless, retain a lien upon all property or funds held or collected by such trustee to secure any amounts then due it pursuant to the provisions of Section 7.06 and shall also retain its rights under Section 7.06 hereof7.06. In case of the appointment hereunder of a successor trustee with respect to the Securities of one or more certain (but not all) seriesSecurities hereunder, the Company, the Guarantor, the predecessor Trustee and each successor trustee with respect to the applicable Securities of any applicable series shall execute and deliver an indenture supplemental hereto which shall contain such provisions as shall be deemed necessary or desirable to confirm that all the rights, powers, trusts and duties of the predecessor Trustee with respect to the Securities of any series as to which the predecessor Trustee is not retiring shall continue to be vested in the predecessor Trustee, and shall add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one trustee, it being understood that nothing herein or in such supplemental indenture shall constitute such trustees co-trustees of the same trust and that each such trustee shall be trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered by any other such trustee. No successor trustee shall accept appointment as provided in this Section unless at the time of such acceptance such successor trustee shall be qualified and eligible under the provisions of this Article 7Seven. Upon acceptance of appointment by a successor trustee as provided in this Section, the Company shall mail provide notice of the succession of such trustee hereunder to all holders of the applicable Securities of any applicable series as in the names and addresses of such holders shall appear on the registry booksmanner described in Section 16.04. If the Company fails to mail provide such notice in the prescribed manner within 10 ten days after the acceptance of appointment by the successor trustee, the successor trustee shall cause such notice to be so mailed provided in the manner described in Section 16.04 at the expense of the Company.

Appears in 1 contract

Samples: Bank of America Corp /De/

Acceptance by Successor Trustee. Any successor trustee appointed as provided in Section 7.10 11.11 shall execute, acknowledge and deliver to the Company Company, the Guarantors and to its such trustee’s predecessor trustee an instrument accepting such appointment hereunder, and thereupon the resignation or removal of the predecessor trustee with respect to all or any applicable series shall become effective and such successor trustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, duties and obligations with respect to such series of its predecessor hereunder, with like effect as if originally named as trustee herein; but, nevertheless, on the written request of the Company Company, a Guarantor or of the successor trustee, the predecessor trustee ceasing to act shall, upon payment of any amounts amount then due it pursuant to the provisions of Section 7.0611.07, execute and deliver an instrument transferring to such successor trustee all the rights and powers of the predecessor trustee, except as provided in Section 7.06 hereoftrustee so ceasing to act. Upon request of any such successor trustee, the Company and each of the Guarantors shall execute any and all instruments in writing in order for more fully and certainly to vest vesting in and confirm confirming to such successor trustee all such rights and powers. Any trustee, including the initial Trustee, trustee ceasing to act shall, nevertheless, retain a lien upon all property or and funds held or collected by such trustee as such, except for funds held in trust for the benefit of Holders of particular Notes, to secure any amounts then due it pursuant to the provisions of Section 7.06 and shall also retain its rights under Section 7.06 hereof. In case of the appointment hereunder of a successor trustee with respect to the Securities of one or more (but not all) series, the Company, the predecessor Trustee and each successor trustee with respect to the Securities of any applicable series shall execute and deliver an indenture supplemental hereto which shall contain such provisions as shall be deemed necessary or desirable to confirm that all the rights, powers, trusts and duties of the predecessor Trustee with respect to the Securities of any series as to which the predecessor Trustee is not retiring shall continue to be vested in the predecessor Trustee, and shall add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one trustee, it being understood that nothing herein or in such supplemental indenture shall constitute such trustees co-trustees of the same trust and that each such trustee shall be trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered by any other such trustee11.07. No successor trustee shall accept appointment as provided in this Section unless 11.12 unless, at the time of such acceptance acceptance, such successor trustee shall be qualified under the provisions of Section 11.09 and be eligible under the provisions of this Article 7Section 11.10. Upon acceptance of appointment by a successor trustee as provided in this SectionSection 11.12, the Company (or the former trustee, at the written direction of the Company) shall mail give or cause to be given notice of the succession of such trustee hereunder to all holders the Holders of the Securities of any applicable series as the names and addresses of such holders shall appear on the registry booksNotes in accordance with Section 12.08(c). If the Company fails to mail give such notice in the prescribed manner within 10 ten (10) days after the acceptance of appointment by the successor trustee, the successor trustee shall cause such notice to be so mailed given at the expense of the Company.

Appears in 1 contract

Samples: Indenture (Sunedison, Inc.)

Acceptance by Successor Trustee. Any successor trustee Trustee appointed as provided in Section 7.10 6.9 shall execute, acknowledge and deliver to the Company and to its predecessor trustee Trustee an instrument accepting such appointment hereunder, and thereupon the resignation or removal of the predecessor trustee with respect to all or any applicable series retiring Trustee shall become effective and such successor trusteeTrustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, duties and obligations with respect to such series the Debentures of its predecessor hereunder, with like effect as if originally named as trustee Trustee herein; but, nevertheless, on the written request of the Company or of the successor trusteeTrustee, the predecessor trustee Trustee ceasing to act shall, upon payment of any amounts then due it pursuant to the provisions of Section 7.066.6, execute and deliver an instrument transferring to such successor trustee Trustee all the rights and powers of the predecessor trusteeTrustee so ceasing to act and shall duly assign, except as provided in Section 7.06 hereoftransfer and deliver to such successor Trustee all property and money held by such retiring Trustee thereunder. Upon request of any such successor trusteeTrustee, the Company shall execute any and all instruments in writing in order for more fully and certainly to vest vesting in and confirm confirming to such successor trustee Trustee all such rights and powers. Any trustee, including the initial Trustee, Trustee ceasing to act shall, nevertheless, retain a lien upon all property or funds held or collected by such trustee Trustee to secure any amounts then due it pursuant to the provisions of Section 7.06 and shall also retain its rights under Section 7.06 hereof6.6. In case of the appointment hereunder of If a successor trustee with respect to the Securities of one or more (but not all) seriesTrustee is appointed, the Company, the predecessor retiring Trustee and each the successor trustee with respect to the Securities of any applicable series Trustee shall execute and deliver an indenture supplemental hereto which shall contain such provisions as shall be deemed necessary or desirable to confirm that all the rights, powers, trusts and duties of the predecessor retiring Trustee with respect to the Securities of any series Debentures as to which the predecessor Trustee is not retiring shall continue to be vested in the predecessor Trustee, and shall add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts Trust hereunder by more than one trusteeTrustee, it being understood that nothing herein or in such supplemental indenture shall constitute such trustees Trustees co-trustees trustees, of the same trust and that each such trustee Trustee shall be trustee Trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered by any other such trusteeTrustee. No successor trustee Trustee shall accept appointment as provided in this Section unless at the time of such acceptance such successor trustee Trustee shall be qualified and eligible under the provisions of this Article 7Section 6.8. In no event shall a retiring Trustee be liable for the acts or omissions of any successor Trustee hereunder. Upon acceptance of appointment by a successor trustee Trustee as provided in this SectionSection 6.10, the Company shall mail notice of the notixx xx xhe succession of such trustee Trustee hereunder to all the holders of the Securities of any applicable series Debentures at their addresses as the names and addresses of such holders they shall appear on the registry booksDebenture Register. If the Company fails to mail such notice in the prescribed manner within 10 days Business Days after the acceptance of appointment by the successor trusteeTrustee, the successor trustee Trustee shall cause such notice to be so mailed at the expense of the Company.

Appears in 1 contract

Samples: Indenture (Usb Holding Co Inc)

Acceptance by Successor Trustee. Any successor trustee Trustee with respect to all series of Securities appointed as provided in Section 7.10 shall execute, acknowledge and deliver to the Company Company, each Guarantor and to its predecessor trustee Trustee an instrument accepting such appointment hereunder, and thereupon the resignation or removal of the predecessor trustee Trustee with respect to all or any applicable series shall become effective and such successor trusteeTrustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, trusts and duties and obligations with respect to such series of its predecessor hereunder, with like effect as if originally named as trustee herein; Trustee herein; but, nevertheless, on the written request of the Company Company, any Guarantor, or of the successor trusteeTrustee, the predecessor trustee Trustee ceasing to act shall, upon payment of any amounts then due it pursuant to the provisions of Section 7.06, execute and deliver an instrument transferring to such successor trustee Trustee all the rights and powers with respect to such series of the predecessor trustee, except as provided in Section 7.06 hereofTrustee so ceasing to act. Upon the request of any such successor trusteeTrustee, the Company and each Guarantor shall execute any and all instruments in writing in order for more fully and certainly to vest vesting in and confirm confirming to such successor trustee Trustee all such rights and powers. Any trustee, including the initial Trustee, Trustee ceasing to act shall, nevertheless, retain a lien upon all property or funds held or collected by such trustee Trustee or any successor Trustee to secure any amounts then due it pursuant to the provisions of Section 7.06 and shall also retain its rights under Section 7.06 hereof7.06. In case of the appointment hereunder of a successor trustee Trustee with respect to the Securities of one or more (but not all) series, the Company, each Guarantor, the predecessor retiring Trustee and each successor trustee Trustee with respect to the Securities of any applicable such series shall execute and deliver an indenture supplemental hereto wherein each successor Trustee shall accept such appointment and which (1) shall contain such provisions as shall be necessary or desirable to transfer and confirm to, and to vest in, each successor Trustee all the rights, powers, trusts and duties of the retiring Trustee with respect to the Securities of such series to which the appointment of such successor Trustee relates, (2) if the retiring Trustee is not retiring with respect to all Securities, shall contain such provisions as shall be deemed necessary or desirable to confirm that all the rights, powers, trusts and duties of the predecessor retiring Trustee with respect to the Securities of any such series as to which the predecessor retiring Trustee is not retiring shall continue to be vested in the predecessor retiring Trustee, and (3) shall add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one trusteeTrustee, it being understood that nothing herein or in such supplemental indenture shall constitute such trustees Trustees co-trustees Trustees of the same trust and that each such trustee Trustee shall be trustee Trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered by any other such trusteeTrustee; and upon the execution and delivery of such supplemental indenture the resignation or removal of the retiring Trustee shall become effective to the extent provided therein and each such successor Trustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, trusts and duties of the retiring Trustee with respect to the Securities of such series to which the appointment of such successor Trustee relates; but, on written request of the Company or any successor Trustee, such retiring Trustee shall duly assign, transfer and deliver to such successor Trustee all property and money held by such retiring Trustee hereunder with respect to the Securities of such series to which the appointment of such successor Trustee relates. No successor trustee Trustee shall accept appointment as provided in this Section unless at the time of such acceptance such successor trustee Trustee shall be qualified under the provisions of Section 7.08 and eligible under the provisions of this Article 7Section 7.09. Upon acceptance of appointment by a successor trustee Trustee as provided in this Section, the successor Trustee shall at the expense of the Company shall mail transmit notice of the succession of such trustee Trustee hereunder to all the holders of the Securities of any applicable series as the names and addresses of such holders shall appear on the registry books. If the Company fails to mail such notice in the prescribed manner within 10 days after and to the acceptance extent provided in subsection (c) of appointment by the successor trustee, the successor trustee shall cause such notice Section 5.04 with respect to be so mailed at the expense reports pursuant to subsection (a) of the Companysaid Section 5.04.

Appears in 1 contract

Samples: Indenture

Acceptance by Successor Trustee. Any successor trustee appointed as provided in Section 7.10 8.10 shall execute, acknowledge and deliver to the Company and to its predecessor trustee an instrument accepting such appointment hereunder, . and thereupon the resignation or removal of the predecessor trustee with respect to all or any applicable series shall become effective and such successor trustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, trusts, duties and obligations with respect to such series of its predecessor hereunder, with like effect as if originally named as trustee herein; but, nevertheless, on the written request of the Company or of the successor trustee, the predecessor trustee ceasing to act shall, upon payment of any amounts then due it pursuant to the provisions of Section 7.068.06, execute and deliver an instrument transferring to such successor trustee all the rights and powers and trusts with respect to any series of Securities of the predecessor trustee, except as provided in Section 7.06 hereoftrustee so ceasing to act. Upon request of any such successor trustee, the Company shall execute any and all instruments in writing in order more fully and certainly to vest in and 65 57 confirm to such successor trustee all such rights and powers. Any trustee, including the initial Trustee, trustee ceasing to act shall, nevertheless, retain a lien upon all property or funds held or collected by such trustee to secure any amounts then due it pursuant to the provisions of Section 7.06 and shall also retain its rights under Section 7.06 hereof8.06. In case of the appointment hereunder of a successor trustee with respect to the Securities of any one or more (but not all) series, the Company, the predecessor Trustee trustee and each successor trustee with respect to the Securities of any applicable series shall execute and deliver an indenture supplemental hereto wherein each successor trustee shall accept such appointment and which shall contain (1) such provisions as shall be necessary or desirable to transfer and confirm to, and vest in each successor trustee all of the rights, powers and duties of the predecessor trustee with respect to the Securities of that or those series to which the appointment of such successor trustee relates, (2) if the retiring trustee is not retiring with respect to all Securities, it shall contain such provisions as shall be deemed necessary or desirable to confirm that all the rights, powers, trusts and duties of the predecessor Trustee trustee with respect to the Securities of any series as to which the predecessor Trustee trustee is not retiring shall continue to be vested in the predecessor Trustee, trustee and (3) shall add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one trustee, it being understood that nothing herein or in such supplemental indenture shall constitute such trustees co-trustees of the same trust and that each such trustee shall be trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered by any other such trustee. No successor trustee shall accept appointment as provided in this Section 8.11 unless at the time of such acceptance such successor trustee shall be qualified under the provisions of Section 8.08 and eligible under the provisions of this Article 7Section 8.09. Upon acceptance of appointment by a successor trustee as provided in this SectionSection 8.11, the Company shall mail notice of the succession of such trustee hereunder to all holders the Registered Holders of the Securities of any applicable such series as the names and addresses of such holders Holders shall appear on the registry booksbooks of the Company and shall publish notice of such event once in an Authorized Newspaper in the Place of Payment. If the Company fails to mail such notice in the prescribed manner within 10 days after the acceptance of appointment by the successor trustee, the successor trustee shall cause such notice to be so mailed at the expense of the Company.of

Appears in 1 contract

Samples: Indenture (Atlantic Richfield Co /De)

Acceptance by Successor Trustee. Any successor trustee appointed as provided in Section 7.10 7.08 shall execute, acknowledge and deliver to the Company and to its predecessor trustee an instrument accepting such appointment hereunder, and thereupon the resignation or removal of the predecessor trustee with respect to any or all or any applicable series shall become effective and such successor trustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, duties and obligations with respect to such series of its predecessor hereunder, with like effect as if originally named as trustee herein; but, nevertheless, on the written request of the Company Company, or of the successor trustee, the predecessor trustee ceasing to 22 act shall, upon payment (or due provision therefor) of any amounts then due it pursuant to the provisions of Section 7.067.05, execute and deliver an instrument transferring to such successor trustee all the rights and powers with respect to such series of the predecessor trustee, except as provided in Section 7.06 hereoftrustee so ceasing to act. Upon request of any such successor trustee, the Company shall execute any and all instruments in writing in order more fully and certainly to vest in and confirm to such successor trustee all such rights and powers. Any trustee, including the initial Trustee, trustee ceasing to act shall, nevertheless, retain a lien upon all property or funds held or collected by such trustee to secure any amounts then due it pursuant to the provisions of Section 7.06 and shall also retain its rights under Section 7.06 hereof7.05. In case of the appointment hereunder of a successor trustee with respect to the Debt Securities of one or more (but not all) series, the Company, the predecessor Trustee trustee and each successor trustee with respect to the Debt Securities of any applicable series shall execute and deliver an indenture supplemental hereto which shall contain such provisions as shall be deemed necessary or desirable to confirm that all the rights, powers, trusts and duties of the predecessor Trustee trustee with respect to the Debt Securities of any series as to which the predecessor Trustee trustee is not retiring shall continue to be vested in the predecessor Trusteetrustee, and shall add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one trustee, it being understood that nothing herein or in such supplemental indenture shall constitute such trustees co-trustees of the same trust and that each such trustee shall be trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered by any other such trustee. No successor trustee with respect to a series of Debt Securities shall accept appointment as provided in this Section 7.09 unless at the time of such acceptance such successor trustee shall shall, with respect to such series, be qualified under the requirements of the Trust Indenture Act of 1939 and eligible under the provisions of this Article 7Section 7.07. Upon acceptance of appointment by a successor trustee with respect to any series as provided in this SectionSection 7.09, the Company shall mail notice of the succession of such trustee hereunder to all holders the Holders of the Debt Securities of any applicable such series at their addresses as the names and addresses of such holders they shall appear on the registry booksbooks of the Company. If the Company fails to mail such notice in the prescribed manner within 10 ten days after the acceptance of appointment by the successor trustee, the successor trustee shall cause such notice to be so mailed at the expense of the Company.

Appears in 1 contract

Samples: McDonalds Corp

Acceptance by Successor Trustee. Any successor trustee appointed as provided in Section 7.10 7.09 shall execute, acknowledge and deliver to the Company and to its predecessor trustee an instrument accepting such appointment hereunder, and thereupon the resignation or removal of the predecessor trustee with respect to any or all or any applicable series shall become effective and such successor trustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, duties and obligations with respect to such series of its predecessor hereunder, with like effect as if originally named as trustee herein; but, nevertheless, on the written request of the Company or of the successor trustee, the predecessor trustee ceasing to act shall, upon payment (or due provision therefor) of any amounts then due it pursuant to the provisions of Section 7.06, execute and deliver an instrument transferring to such successor trustee all the rights and powers with respect to such series of the predecessor trustee, except as provided in Section 7.06 hereoftrustee so ceasing to act. Upon request of any such successor trustee, the Company shall execute any and all instruments in writing in order to more fully and certainly to vest in and confirm to such successor trustee all such rights and powers. Any trustee, including the initial Trustee, trustee ceasing to act shall, nevertheless, retain a lien upon all property or funds held or collected by such trustee to secure any amounts then due it pursuant to the provisions of Section 7.06 and shall also retain its rights under Section 7.06 hereof7.06. In case of the appointment hereunder of a successor trustee with respect to the Securities of one or more (but not all) series, the Company, the predecessor Trustee trustee and each successor trustee with respect to the Securities of any applicable series shall execute and deliver an indenture supplemental hereto which shall contain such provisions as shall be deemed necessary or desirable to confirm that all the rights, powers, trusts and duties of the predecessor Trustee trustee with respect to the Securities of any series as to which the predecessor Trustee trustee is not retiring shall continue to be vested in the predecessor Trustee, trustee and shall add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one trustee, it being understood that nothing herein or in such supplemental indenture shall constitute such trustees co-trustees of the same trust and that each such trustee shall be trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered by any other such trustee. No successor trustee with respect to a series of Securities shall accept appointment as provided in this Section 7.10 unless at the time of such acceptance such successor trustee shall shall, with respect to such series, be qualified under Section 310(b) of the Trust Indenture Act of 1939 and eligible under the provisions of this Article 7Section 7.08. Upon acceptance of appointment by a successor trustee with respect to any series as provided in this SectionSection 7.10, the Company shall mail notice of the succession of such trustee hereunder to all the holders of the Securities of any applicable such series at their addresses as the names and addresses of such holders they shall appear on the registry booksbooks of the Company. If the Company fails to mail such notice in the prescribed manner within 10 ten days after the acceptance of appointment by the successor trustee, the successor trustee shall cause such notice to be so mailed at the expense of the Company.

Appears in 1 contract

Samples: Indenture (Pico Holdings Inc /New)

Acceptance by Successor Trustee. Any In the case of the appointment hereunder of a successor trustee with respect to all Securities, any successor trustee so appointed as provided in Section 7.10 8.10 shall execute, acknowledge and deliver to the Company Corporation and to its predecessor trustee an instrument accepting such appointment hereunder, and thereupon the resignation or removal of the predecessor trustee with respect to all or any applicable series shall become effective and such successor trustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, duties and obligations with respect to such series of its predecessor hereunder, with like effect as if originally named as trustee herein; but, nevertheless, on the written request of the Company Corporation or of the successor trustee, the predecessor trustee ceasing to act shall, upon payment of any amounts then due it pursuant to the provisions of Section 7.068.06, execute and deliver an instrument transferring to such successor trustee all the rights and powers of the predecessor trustee, except as provided in Section 7.06 hereof. Upon request of any such successor trustee, the Company shall execute any and all instruments in writing in order more fully and certainly to vest in and confirm to such successor trustee all such rights and powers. Any trustee, including the initial Trustee, so ceasing to act shall, nevertheless, retain a lien upon all property or funds held or collected by such trustee to secure any amounts then due it pursuant to the provisions of Section 7.06 and shall also retain its rights under Section 7.06 hereofact. In case of the appointment hereunder of a successor trustee with respect to the Securities of one or more (but not all) series, the CompanyCorporation, the predecessor Trustee trustee and each successor trustee with respect to the Securities of any applicable one or more series shall execute and deliver an indenture supplemental hereto wherein each successor trustee shall accept such appointment and which (1) shall contain such provisions as shall be necessary or desirable to vest in, or confirm to, each successor trustee all the rights, powers, duties and obligations of the predecessor trustee with respect to the Securities of that or those series to which the appointment of such successor trustee relates, (2) if the predecessor trustee is not retiring with respect to all Securities, shall contain such provisions as shall be deemed necessary or desirable to confirm that all the rights, powers, trusts duties and duties obligations of the predecessor Trustee trustee with respect to the Securities of any that or those series as to which the predecessor Trustee trustee is not retiring shall continue to be vested in the predecessor Trusteetrustee, and (3) shall add to or change any of the provisions of this the Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one trustee, it being understood that nothing herein or in such supplemental indenture shall constitute such trustees co-trustees of the same trust and that each such trustee shall be trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered by any other such trustee; and upon the execution and delivery of such supplemental indenture the resignation or removal of the predecessor trustee shall become effective to the extent provided therein and each such successor trustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, duties and obligations of the predecessor trustee with respect to the Securities of that or those series to which the appointment of such successor trustee relates; but, nevertheless, on the written request of the Corporation or any successor trustee, such predecessor trustee shall, upon payment of any amounts then due to it pursuant to Section 8.06 hereof, duly assign, transfer and deliver to such successor trustee all property and money held by such predecessor trustee hereunder with respect to the Securities of that or those series to which the appointment of such successor trustee relates. Upon request of any such successor trustee, the Corporation shall execute any and all instruments in writing in order more fully and certainly to vest in and confirm to such successor trustee all such rights, powers and trusts referred to in the two preceding sentences. Any trustee ceasing to act shall, nevertheless, retain a prior claim upon all property or funds held or collected by such trustee to secure any amounts then due it pursuant to the provisions of Section 8.06. No successor trustee shall accept appointment as provided in this Section 8.11 unless at the time of such acceptance such successor trustee shall be qualified under the provisions of Section 8.08 and eligible under the provisions of this Article 7Section 8.09. Upon acceptance of appointment by a successor trustee as provided in this SectionSection 8.11, the Company Corporation shall mail notice of the succession of such trustee hereunder to all holders of the Securities of any applicable the series affected as the names and addresses of such holders shall appear on the registry booksbooks of the Corporation. If the Company Corporation fails to mail such notice in the prescribed manner within 10 30 days after the acceptance of appointment by the successor trustee, the successor trustee shall cause such notice to be so mailed at the expense of the CompanyCorporation.

Appears in 1 contract

Samples: Supplemental Indenture (Baltimore Gas & Electric Co)

Acceptance by Successor Trustee. Any successor trustee Trustee appointed as provided in Section 7.10 8.10 125 115 shall execute, acknowledge and deliver to the Company and to its predecessor trustee Trustee an instrument accepting such appointment hereunder, and thereupon the resignation or removal of the predecessor trustee with respect to all or any applicable series Trustee shall become effective and such successor trusteeTrustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, duties and obligations with respect to such series of its predecessor hereunder, with like effect as if originally named as trustee Trustee herein; but, but nevertheless, on the written request of the Company or of the successor trusteeTrustee, the predecessor trustee Trustee ceasing to act shall, upon payment of any amounts then due it pursuant to the provisions of Section 7.068.06, execute and deliver an instrument transferring to such successor trustee Trustee all the rights and powers of the predecessor trustee, except as provided in Section 7.06 hereofTrustee so ceasing to act. Upon request of any such successor trusteeTrustee, the Company shall execute any and all instruments in writing in order more fully and certainly to vest in and confirm to such successor trustee Trustee all such rights and powers. Any trustee, including the initial Trustee, Trustee ceasing to act shall, nevertheless, retain a lien upon all property or funds held or collected by such trustee Trustee to secure any amounts then due it pursuant to the provisions of Section 7.06 8.06. No successor Trustee shall accept appointment as provided in this Section 8.11 unless at the time of such acceptance such successor Trustee shall be qualified under the provisions of Section 8.08 and shall also retain its rights eligible under the provisions of Section 7.06 hereof8.09. In case of the appointment hereunder of a successor trustee Trustee with respect to the Debt Securities of one or more (but not all) series, the Company, the predecessor retiring Trustee and each successor trustee Trustee with respect to the Debt Securities of any applicable one or more series shall execute and deliver an indenture indentures supplemental hereto wherein each successor Trustee shall accept such appointment and which (1) shall contain such provisions as shall be necessary or desirable to transfer and confirm to, and to vest in, each successor Trustee all the rights, powers, trusts and duties of the retiring Trustee with respect to the Debt Securities of that or those series to which the appointment of such successor Trustee relates, (2) if the retiring Trustee is not retiring with respect to all Debt Securities, shall contain such provisions as shall be deemed necessary or desirable to confirm that all the rights, powers, trusts and duties of the predecessor retiring Trustee with respect to the Debt Securities of any that or those series as to which the predecessor retiring Trustee is not retiring shall continue to be vested in the predecessor retiring Trustee, and (3) shall add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one trusteeTrustee, it being understood that nothing herein or in such supplemental indenture shall constitute such trustees Trustees co-trustees of the same trust and that each such trustee Trustee shall be trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered by any other such trustee. No successor trustee shall accept appointment as provided in this Section unless at Trustee; and upon the time execution and delivery of such acceptance supplemental indenture the resignation or removal of the retiring Trustee shall become effective to the extent provided therein and each such successor trustee Trustee, without any further act, deed or conveyance, shall be qualified become vested with all the rights, powers, trusts and eligible under duties of the retiring Trustee with respect to the Debt Securities of that or those series to which the appointment of such successor Trustee relates; but, on request of the Company or any successor Trustee, such retiring Trustee (subject to the provisions of this Article 7. Upon acceptance Section 8.06) shall duly assign, transfer and deliver to such successor Trustee all property and money held by such retiring Trustee hereunder with respect to the Debt Securities of that or those series to which the appointment by a of such successor trustee as provided in this SectionTrustee relates, and upon request of any such successor Trustee, the Company shall mail notice of the succession of execute any and all instruments for more fully and certainly vesting in and 128 118 confirming to such trustee hereunder to all holders of the Securities of any applicable series as the names and addresses of such holders shall appear on the registry books. If the Company fails to mail such notice in the prescribed manner within 10 days after the acceptance of appointment by the successor trustee, the successor trustee shall cause such notice all rights, powers and trusts referred to be so mailed at the expense of the Companyin this subsection.

Appears in 1 contract

Samples: Cooper Industries Inc

Acceptance by Successor Trustee. Any successor trustee Trustee appointed as provided in Section 7.10 6.9 shall execute, acknowledge and deliver to the Company and to its predecessor trustee Trustee an instrument accepting such appointment hereunder, and thereupon the resignation or removal of the predecessor trustee with respect to all or any applicable series retiring Trustee shall become effective and such successor trusteeTrustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, duties and obligations with respect to such series the Debentures of its predecessor hereunder, with like effect as if originally named as trustee Trustee herein; but, nevertheless, on the written request of the Company or of the successor trusteeTrustee, the predecessor trustee Trustee ceasing to act shall, upon payment of any amounts then due it pursuant to the provisions of Section 7.066.6, execute and deliver an instrument transferring to such successor trustee Trustee all the rights and powers of the predecessor trusteeTrustee so ceasing to act and shall duly assign, except as provided in Section 7.06 hereoftransfer and deliver to such successor Trustee all property and money held by such retiring Trustee thereunder. Upon request of any such successor trusteeTrustee, the Company shall execute any and all instruments in writing in order for more fully and certainly to vest vesting in and confirm confirming to such successor trustee Trustee all such rights and powers. Any trustee, including the initial Trustee, Trustee ceasing to act shall, nevertheless, retain a lien upon all property or funds held or collected by such trustee Trustee to secure any amounts then due it pursuant to the provisions of Section 7.06 and shall also retain its rights under Section 7.06 hereof6.6. In case of the appointment hereunder of If a successor trustee with respect to the Securities of one or more (but not all) seriesTrustee is appointed, the Company, the predecessor retiring Trustee and each the successor trustee with respect to the Securities of any applicable series Trustee shall execute and deliver an indenture supplemental hereto which shall contain such provisions as shall be deemed necessary or desirable to confirm that all the rights, powers, trusts and duties of the predecessor retiring Trustee with respect to the Securities of any series Debentures as to which the predecessor Trustee is not retiring shall continue to be vested in the predecessor Trustee, and shall add to or change any of the provisions of this Indenture as <PAGE> shall be necessary to provide for or facilitate the administration of the trusts Trust hereunder by more than one trusteeTrustee, it being understood that nothing herein or in such supplemental indenture shall constitute such trustees Trustees co-trustees of the same trust and that each such trustee Trustee shall be trustee Trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered by any other such trusteeTrustee. No successor trustee Trustee shall accept appointment as provided in this Section unless at the time of such acceptance such successor trustee Trustee shall be qualified and eligible under the provisions of this Article 7Section 6.8. In no event shall a retiring Trustee be liable for the acts or omissions of any successor Trustee hereunder. Upon acceptance of appointment by a successor trustee Trustee as provided in this SectionSection 6.10, the Company shall mail notice of the succession of such trustee Trustee hereunder to all the holders of the Securities of any applicable series Debentures at their addresses as the names and addresses of such holders they shall appear on the registry booksDebenture Register. If the Company fails to mail such notice in the prescribed manner within 10 days Business Days after the acceptance of appointment by the successor trusteeTrustee, the successor trustee Trustee shall cause such notice to be so mailed at the expense of the Company.

Appears in 1 contract

Samples: Indenture (Southern Heritage Bancorp Inc)

Acceptance by Successor Trustee. Any successor trustee Trustee appointed as provided in Section 7.10 shall execute, acknowledge and deliver to the Company and to its predecessor trustee Trustee an instrument accepting such appointment hereunder, and thereupon the resignation or removal of the predecessor trustee Trustee with respect to any or all or any applicable series shall become effective and such successor trusteeTrustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, duties and obligations with respect to such series of its predecessor hereunder, with like effect as if originally named as trustee Trustee herein; but, nevertheless, on the written request of the Company or of the successor trusteeTrustee, the predecessor trustee Trustee ceasing to act shall, upon payment (or due provision therefor) of any amounts then due it pursuant to the provisions of Section 7.06, execute and deliver an instrument transferring to such successor trustee Trustee all the rights and powers with respect to such series of the predecessor trustee, except as provided in Section 7.06 hereofTrustee so ceasing to act. Upon request of any such successor trusteeTrustee, the Company shall execute any and all instruments in writing in order more fully and certainly to vest in and confirm to such successor trustee Trustee all such rights and powers. Any trustee, including the initial Trustee, ceasing to act shall, nevertheless, retain a lien upon all property or funds held or collected by such trustee to secure any amounts then due it pursuant to the provisions of Section 7.06 and shall also retain its rights under Section 7.06 hereof. In case of the appointment hereunder of a successor trustee Trustee with respect to the Securities of one or more (but not all) series, the Company, the predecessor Trustee and each successor trustee Trustee with respect to the Securities of any applicable series shall execute and deliver an indenture supplemental hereto which shall contain such provisions as shall be deemed necessary or desirable to confirm that all the rights, powers, trusts and duties of the predecessor Trustee with respect to the Securities of any series as to which the predecessor Trustee is not retiring shall continue to be vested in the predecessor Trustee, and shall add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one trusteeTrustee, it being understood that nothing herein or in such supplemental indenture shall constitute such trustees Trustees co-trustees of the same trust and that each such trustee Trustee shall be trustee Trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered by any other such trusteeTrustee. No successor trustee Trustee with respect to a series of Securities shall accept appointment as provided in this Section 7.11 unless at the time of such acceptance such successor trustee shall Trustee shall, with respect to such series, be qualified under Section 310(b) of the Trust Indenture Act and eligible under the provisions of this Article 7Section 7.09. Upon acceptance of appointment by a successor trustee Trustee with respect to any series as provided in this SectionSection 7.11, the Company shall mail give notice of thereof to the succession of such trustee hereunder to all holders of the Securities of any applicable each series as the names and addresses of affected, by mailing such notice to such holders at their addresses as they shall appear on the registry booksSecurity Register. If the Company fails to mail such notice in the prescribed manner within 10 ten days after the acceptance of appointment by the successor trusteeTrustee, the successor trustee Trustee shall cause such notice to be so mailed given at the expense of the Company.

Appears in 1 contract

Samples: Indenture (WPX Energy, Inc.)

Acceptance by Successor Trustee. Any successor trustee Trustee appointed as provided in Section 7.10 6.10 shall execute, acknowledge and deliver to the Company and to its predecessor trustee Trustee an instrument accepting such appointment hereunder, and thereupon the resignation or removal of the predecessor trustee retiring Trustee with respect to all or any applicable series shall become effective and such successor trusteeTrustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, duties and obligations with respect to such series of its predecessor hereunder, with like effect as if originally named as trustee Trustee herein; but, nevertheless, on the written request of the Company or of the successor trusteeTrustee, the predecessor trustee Trustee ceasing to act shall, upon payment of any amounts then due it pursuant to the provisions of Section 7.066.06, execute and deliver an instrument transferring to such successor trustee Trustee all the rights and powers of the predecessor trusteeTrustee so ceasing to act and shall duly assign, except as provided in Section 7.06 hereoftransfer and deliver to such successor Trustee all property and money held by such retiring Trustee thereunder. Upon request of any such successor trusteeTrustee, the Company shall execute any and all instruments in writing in order for more fully and certainly to vest vesting in and confirm confirming to such successor trustee Trustee all such rights and powers. Any trustee, including the initial Trustee, Trustee ceasing to act shall, nevertheless, retain a lien upon all property or funds held or collected by such trustee Trustee to secure any amounts then due it pursuant to the provisions of Section 7.06 and shall also retain its rights under Section 7.06 hereof6.06. In case of the appointment hereunder of If a successor trustee Trustee is appointed with respect to the Debt Securities of one or more (but not all) series, the Company, the predecessor retiring Trustee and each successor trustee Trustee with respect to the Debt Securities of any applicable series shall execute and deliver an indenture supplemental hereto which shall contain such provisions as shall be deemed necessary or desirable to confirm that all the rights, powers, trusts and duties of the predecessor retiring Trustee with respect to the Debt Securities of any series as to which the predecessor Trustee is not retiring shall continue to be vested in the predecessor Trustee, and shall add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts Trust hereunder by more than one trusteeTrustee, it being understood that nothing herein or in such supplemental indenture shall constitute such trustees Trustees co-trustees of the same trust and that each such trustee Trustee shall be trustee Trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered by any other such trustee. No successor trustee shall accept appointment as provided in this Section unless at the time of such acceptance such successor trustee shall be qualified and eligible under the provisions of this Article 7. Upon acceptance of appointment by a successor trustee as provided in this Section, the Company shall mail notice of the succession of such trustee hereunder to all holders of the Securities of any applicable series as the names and addresses of such holders shall appear on the registry books. If the Company fails to mail such notice in the prescribed manner within 10 days after the acceptance of appointment by the successor trustee, the successor trustee shall cause such notice to be so mailed at the expense of the Company.from

Appears in 1 contract

Samples: Indenture (National Commerce Capital Trust I)

Acceptance by Successor Trustee. Any successor trustee appointed as provided in Section 7.10 6.10 shall execute, acknowledge and deliver to the Company and the Guarantor and to its predecessor trustee an instrument accepting such appointment hereunder, and thereupon the resignation or removal of the predecessor retiring trustee with respect to all or any applicable series shall become effective and such successor trustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, duties and obligations with respect to such series of its predecessor hereunder, with like effect as if originally named as trustee herein; but, nevertheless, on the written request of the Company or the Guarantor or of the successor trustee, the predecessor trustee ceasing to act shall, upon payment of any amounts then due it pursuant to the provisions of Section 7.066.06, execute and deliver an instrument transferring to such successor trustee all the rights and powers of the predecessor trusteetrustee so ceasing to act and shall duly assign, except as provided in Section 7.06 hereoftransfer and deliver to such successor trustee all property and money held by such retiring trustee thereunder. Upon request of any such successor trustee, the Company and the Guarantor shall execute any and all instruments in writing in order for more fully and certainly to vest vesting in and confirm confirming to such successor trustee all such rights and powers. Any trustee, including the initial Trustee, trustee ceasing to act shall, nevertheless, retain a lien upon all property or funds held or collected by such trustee to secure any amounts then due it pursuant to the provisions of Section 7.06 and shall also retain its rights under Section 7.06 hereof6.06. In case of the appointment hereunder of If a successor trustee is appointed with respect to the Securities of one or more (but not all) series, the Company, the predecessor Trustee Guarantor, the retiring trustee and each successor trustee with respect to the Securities of any applicable series shall execute and deliver an indenture supplemental hereto which shall contain such provisions as shall be deemed necessary or desirable to confirm that all the rights, powers, trusts and duties of the predecessor Trustee retiring trustee with respect to the Securities of any series as to which the predecessor Trustee trustee is not retiring shall continue to be vested in the predecessor Trusteetrustee, and shall add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts Trust hereunder by more than one trustee, it being understood that nothing herein or in such supplemental indenture shall constitute such trustees co-trustees of the same trust and that each 44 such trustee shall be trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered by any other such trustee. No successor trustee shall accept appointment as provided in this Section 6.11 unless at the time of such acceptance such successor trustee shall be qualified under the provisions of Section 6.08 and eligible under the provisions of this Article 7Section 6.09. Upon acceptance of appointment by a successor trustee as provided in this SectionSection 6.11, the Company and the Guarantor shall mail notice of the succession of such trustee hereunder to all the holders of the Securities of any applicable series at their addresses as the names and addresses of such holders they shall appear on the registry booksSecurity Register. If the Company fails and the Guarantor fail to mail such notice in the prescribed manner within 10 ten days after the acceptance of appointment by the successor trustee, the successor trustee shall cause such notice to be so mailed at the expense of the CompanyCompany and the Guarantor.

Appears in 1 contract

Samples: Indenture (Countrywide Financial Corp)

Acceptance by Successor Trustee. Any successor trustee appointed as provided in Section 7.10 shall execute, acknowledge and deliver to the Company Company, the Parent Guarantor and to its predecessor trustee an instrument accepting such appointment hereunder, and thereupon the resignation or removal of the predecessor trustee with respect to all or any applicable series shall become effective and such successor trustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, duties and obligations with respect to such series of its predecessor hereunder, with like effect as if originally named as trustee herein; but, nevertheless, on the written request of the Company Company, the Parent Guarantor or of the successor trustee, the predecessor trustee ceasing to act shall, upon payment of any amounts then due it pursuant to the provisions of Section 7.06, execute and deliver an instrument transferring to such successor trustee all the rights and powers of the predecessor trusteetrustee so ceasing to act and shall assign, except as provided in Section 7.06 hereoftransfer and deliver to such successor or trustee all property and money held by such trustee so ceasing to act. Upon request of any such successor trustee, the Company and the Parent Guarantor shall execute any and all instruments in writing in order more fully and certainly to vest in and confirm to such successor trustee all such rights and powers. Any trustee, including the initial Trustee, trustee ceasing to act shall, nevertheless, retain a lien upon all property or funds held or collected by such trustee to secure any amounts then due it pursuant to the provisions of Section 7.06 and shall also retain its rights under Section 7.06 hereof7.06. In case of the appointment hereunder of a successor trustee with respect to the Securities of one or more (but not all) series, the Company, the Parent Guarantor and the predecessor Trustee trustee and each successor trustee with respect to the Securities of any applicable series shall execute and deliver an indenture supplemental hereto which shall contain such provisions as shall be deemed necessary or desirable to confirm that all the rights, powers, trusts and duties of the predecessor Trustee trustee with respect to the Securities of any series as to which the predecessor Trustee trustee is not retiring shall continue to be vested in the predecessor Trusteetrustee, and shall add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one trustee, it being understood that nothing herein or in such supplemental indenture shall constitute such trustees co-trustees of the same trust and that each such trustee shall be trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered by any other such trustee. No successor trustee shall accept appointment as provided in this Section unless at the time of such acceptance such successor trustee shall be qualified under the provisions of Section 7.08 and eligible under the provisions of this Article 7Section 7.09. Upon acceptance of appointment by a successor trustee as provided in this Section, the Company shall mail give notice of the succession of such trustee hereunder to all holders of the (a) if any Unregistered Securities of a series affected are then Outstanding, to the Holders thereof, by publication of such notice at least once in an Authorized Newspaper in the Borough of Manhattan, The City of New York, (b) if any applicable Unregistered Securities of a series as affected are then Outstanding, to the Holders thereof who have filed their names and addresses with the Trustee pursuant to Section 5.04, by mailing such notice to such Holders at such addresses as were so furnished to the Trustee (and the Trustee shall make such information available to the Company for such purpose) and (c) to the Holders of Registered Securities of each series affected, by mailing such holders notice to such Holders at their addresses as they shall appear on the registry booksSecurity Register. If the Company fails to mail such notice in the prescribed manner within 10 ten days after the acceptance of appointment by the successor trustee, the successor trustee shall cause such notice to be so mailed given at the expense of the Company.

Appears in 1 contract

Samples: Indenture (Aon Corp)

Acceptance by Successor Trustee. Any successor trustee Trustee appointed as provided in Section 7.10 6.10 shall execute, acknowledge and deliver to the Company and to its predecessor trustee Trustee an instrument accepting 37 45 such appointment hereunder, and thereupon the resignation or removal of the predecessor trustee retiring Trustee with respect to all or any applicable series shall become effective and such successor trusteeTrustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, duties and obligations with respect to such series of its predecessor hereunder, with like effect as if originally named as trustee Trustee herein; but, nevertheless, on the written request of the Company or of the successor trusteeTrustee, the predecessor trustee Trustee ceasing to act shall, upon payment of any amounts then due it pursuant to the provisions of Section 7.066.06, execute and deliver an instrument transferring to such successor trustee Trustee all the rights and powers of the predecessor trusteeTrustee so ceasing to act and shall duly assign, except as provided in Section 7.06 hereoftransfer and deliver to such successor Trustee all property and money held by such retiring Trustee thereunder. Upon request of any such successor trusteeTrustee, the Company shall execute any and all instruments in writing in order for more fully and certainly to vest vesting in and confirm confirming to such successor trustee Trustee all such rights and powers. Any trustee, including the initial Trustee, Trustee ceasing to act shall, nevertheless, retain a lien upon all property or funds held or collected by such trustee Trustee to secure any amounts then due it pursuant to the provisions of Section 7.06 and shall also retain its rights under Section 7.06 hereof6.06. In case of the appointment hereunder of If a successor trustee Trustee is appointed with respect to the Debt Securities of one or more (but not all) series, the Company, the predecessor retiring Trustee and each successor trustee Trustee with respect to the Debt Securities of any applicable series shall execute and deliver an indenture supplemental hereto which shall contain such provisions as shall be deemed necessary or desirable to confirm that all the rights, powers, trusts and duties of the predecessor retiring Trustee with respect to the Debt Securities of any series as to which the predecessor Trustee is not retiring shall continue to be vested in the predecessor Trustee, and shall add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts Trust hereunder by more than one trusteeTrustee, it being understood that nothing herein or in such supplemental indenture shall constitute such trustees Trustees co-trustees of the same trust and that each such trustee Trustee shall be trustee Trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered by any other such trusteeTrustee. No successor trustee Trustee shall accept appointment as provided in this Section 6.11 unless at the time of such acceptance such successor trustee Trustee shall be qualified under the provisions of Section 6.08 and eligible under the provisions of this Article 7Section 6.09. In no event shall a retiring Trustee be liable for the acts or omissions of any successor Trustee hereunder. Upon acceptance of appointment by a successor trustee Trustee as provided in this SectionSection 6.11, the Company shall mail notice of the succession of such trustee Trustee hereunder to all the holders of the Debt Securities of any applicable series at their addresses as the names and addresses of such holders they shall appear on the registry booksDebt Security Register. If the Company fails to mail such notice in the prescribed manner within 10 days ten Business Days after the acceptance of appointment by the successor trusteeTrustee, the successor trustee Trustee shall cause such notice to be so mailed at the expense of the Company.

Appears in 1 contract

Samples: Indenture (Mercantile Bancorporation Inc)

Acceptance by Successor Trustee. Any successor trustee Trustee appointed as provided in Section 7.10 6.9 shall execute, acknowledge and deliver to the Company Bank and to its predecessor trustee Trustee an instrument accepting such appointment hereunder, and thereupon the resignation or removal of the predecessor trustee with respect to all or any applicable series retiring Trustee shall become effective and such successor trusteeTrustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, duties and obligations with respect to such series the Debentures of its predecessor hereunder, with like effect as if originally named as trustee Trustee herein; but, nevertheless, on the written request of the Company Bank or of the successor trusteeTrustee, the predecessor trustee Trustee ceasing to act shall, upon payment of any amounts then due it pursuant to the provisions of Section 7.066.6, execute and deliver an instrument transferring to such successor trustee Trustee all the rights and powers of the predecessor trusteeTrustee so ceasing to act and shall duly assign, except as provided in Section 7.06 hereoftransfer and deliver to such successor Trustee all property and money held by such retiring Trustee thereunder. Upon request of any such successor trusteeTrustee, the Company Bank shall execute any and all instruments in writing in order for more fully and certainly to vest vesting in and confirm confirming to such successor trustee Trustee all such rights and powers. Any trustee, including the initial Trustee, Trustee ceasing to act shall, nevertheless, retain a lien upon all property or funds held or collected by such trustee Trustee to secure any amounts then due it pursuant to the provisions of Section 7.06 and shall also retain its rights under Section 7.06 hereof6.6. In case of the appointment hereunder of If a successor trustee with respect to the Securities of one or more (but not all) seriesTrustee is appointed, the CompanyBank, the predecessor retiring Trustee and each the successor trustee with respect to the Securities of any applicable series Trustee shall execute and deliver an indenture supplemental hereto which shall contain such provisions as shall be deemed necessary or desirable to confirm that all the rights, powers, trusts and duties of the predecessor retiring Trustee with respect to the Securities of any series Debentures as to which the predecessor Trustee is not retiring shall continue to be vested in the predecessor Trustee, and shall add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts trust hereunder by more than one trusteeTrustee, it being understood that nothing herein or in such supplemental indenture shall constitute such trustees Trustees co-trustees of the same trust and that each such trustee Trustee shall be trustee Trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered by any other such trusteeTrustee. No successor trustee Trustee shall accept appointment as provided in this Section unless at the time of such acceptance such successor trustee Trustee shall be qualified and eligible under the provisions of this Article 7Section 6.8. In no event shall a retiring Trustee be liable for the acts or omissions of any successor Trustee hereunder. Upon acceptance of appointment by a successor trustee Trustee as provided in this SectionSection 6.10, the Company Bank shall mail notice of the succession of such trustee Trustee hereunder to all the holders of the Securities of any applicable series Debentures at their addresses as the names and addresses of such holders they shall appear on the registry booksDebenture Register. If the Company Bank fails to mail such notice in the prescribed manner within 10 days Business Days after the acceptance of appointment by the successor trusteeTrustee, the successor trustee Trustee shall cause such notice to be so mailed at the expense of the CompanyBank.

Appears in 1 contract

Samples: Union National Financial Corp / Pa

Acceptance by Successor Trustee. Any successor trustee Trustee appointed as provided in Section 7.10 6.9 shall execute, acknowledge and deliver to the Company and to its predecessor trustee Trustee an instrument accepting such appointment hereunder, and thereupon the resignation or removal of the predecessor trustee with respect to all or any applicable series retiring Trustee shall become effective and such successor trusteeTrustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, duties and obligations with respect to such series the Debentures of its predecessor hereunder, with like effect as if originally named as trustee Trustee herein; but, nevertheless, on the written request of the Company or of the successor trusteeTrustee, the predecessor trustee Trustee ceasing to act shall, upon payment of any amounts then due it pursuant to the provisions of Section 7.066.6, execute and deliver an instrument transferring to such successor trustee Trustee all the rights and powers of the predecessor trusteeTrustee so ceasing to act and shall duly assign, except as provided in Section 7.06 hereoftransfer and deliver to such successor Trustee all property and money held by such retiring Trustee thereunder. Upon request of any such successor trusteeTrustee, the Company shall execute any and all instruments in writing in order for more fully and certainly to vest vesting in and confirm confirming to such successor trustee Trustee all such rights and powers. Any trustee, including the initial Trustee, Trustee ceasing to act shall, nevertheless, retain a lien upon all property or funds held or collected by such trustee Trustee to secure any amounts then due it pursuant to the provisions of Section 7.06 and shall also retain its rights under Section 7.06 hereof6.6. In case of the appointment hereunder of If a successor trustee with respect to the Securities of one or more (but not all) seriesTrustee is appointed, the Company, the predecessor retiring Trustee and each the successor trustee with respect to the Securities of any applicable series Trustee shall execute and deliver an indenture supplemental hereto which shall contain such provisions as shall be deemed necessary or desirable to confirm that all the rights, powers, trusts and duties of the predecessor retiring Trustee with respect to the Securities of any series Debentures as to which the predecessor Trustee is not retiring shall continue to be vested in the predecessor Trustee, and shall add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts Trust hereunder by more than one trusteeTrustee, it being understood that nothing herein or in such supplemental indenture shall constitute such trustees Trustees co-trustees of the same trust and that each such trustee Trustee shall be trustee Trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered by any other such trusteeTrustee. Center Bancorp, Inc./Indenture/Floating Rate No successor trustee Trustee shall accept appointment as provided in this Section unless at the time of such acceptance such successor trustee Trustee shall be qualified and eligible under the provisions of this Article 7Section 6.8. In no event shall a retiring Trustee be liable for the acts or omissions of any successor Trustee hereunder. Upon acceptance of appointment by a successor trustee Trustee as provided in this SectionSection 6.10, the Company shall mail notice of the succession of such trustee Trustee hereunder to all the holders of the Securities of any applicable series Debentures at their addresses as the names and addresses of such holders they shall appear on the registry booksDebenture Register. If the Company fails to mail such notice in the prescribed manner within 10 days Business Days after the acceptance of appointment by the successor trusteeTrustee, the successor trustee Trustee shall cause such notice to be so mailed at the expense of the Company.

Appears in 1 contract

Samples: Indenture (Center Bancorp Inc)

Acceptance by Successor Trustee. Any successor trustee Trustee with respect to all series of Securities appointed as provided in Section 7.10 shall execute, acknowledge and deliver to the Company Company, each Guarantor and to its predecessor trustee Trustee an instrument accepting such appointment hereunder, and thereupon the resignation or removal of the predecessor trustee Trustee with respect to all or any applicable series shall become effective and such successor trusteeTrustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, trusts and duties and obligations with respect to such series of its predecessor hereunder, with like effect as if originally named as trustee Trustee herein; but, nevertheless, on the written request of the Company Company, any Guarantor, or of the successor trusteeTrustee, the predecessor trustee Trustee ceasing to act shall, upon payment of any amounts then due it pursuant to the provisions of Section 7.06, execute and deliver an instrument transferring to such successor trustee Trustee all the rights and powers with respect to such series of the predecessor trustee, except as provided in Section 7.06 hereofTrustee so ceasing to act. Upon the request of any such successor trusteeTrustee, the Company and each Guarantor shall execute any and all instruments in writing in order for more fully and certainly to vest vesting in and confirm confirming to such successor trustee Trustee all such rights and powers. Any trustee, including the initial Trustee, Trustee ceasing to act shall, nevertheless, retain a lien upon all property or funds held or collected by such trustee Trustee or any successor Trustee to secure any amounts then due it pursuant to the provisions of Section 7.06 and shall also retain its rights under Section 7.06 hereof7.06. In case of the appointment hereunder of a successor trustee Trustee with respect to the Securities of one or more (but not all) series, the Company, each Guarantor, the predecessor retiring Trustee and each successor trustee Trustee with respect to the Securities of any applicable such series shall execute and deliver an indenture supplemental hereto wherein each successor Trustee shall accept such appointment and which (1) shall contain such provisions as shall be necessary or desirable to transfer and confirm to, and to vest in, each successor Trustee all the rights, powers, trusts and duties of the retiring Trustee with respect to the Securities of such series to which the appointment of such successor Trustee relates, (2) if the retiring Trustee is not retiring with respect to all Securities, shall contain such provisions as shall be deemed necessary or desirable to confirm that all the rights, powers, trusts and duties of the predecessor retiring Trustee with respect to the Securities of any such series as to which the predecessor retiring Trustee is not retiring shall continue to be vested in the predecessor retiring Trustee, and (3) shall add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one trusteeTrustee, it being understood that nothing herein or in such supplemental indenture shall constitute such trustees Trustees co-trustees Trustees of the same trust and that each such trustee Trustee shall be trustee Trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered by any other such trusteeTrustee; and upon the execution and delivery of such supplemental indenture the resignation or removal of the retiring Trustee shall become effective to the extent provided therein and each such successor Trustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, trusts and duties of the retiring Trustee with respect to the Securities of such series to which the appointment of such successor Trustee relates; but, on written request of the Company or any successor Trustee, such retiring Trustee shall duly assign, transfer and deliver to such successor Trustee all property and money held by such retiring Trustee hereunder with respect to the Securities of such series to which the appointment of such successor Trustee relates. No successor trustee Trustee shall accept appointment as provided in this Section unless at the time of such acceptance such successor trustee Trustee shall be qualified under the provisions of Section 7.08 and eligible under the provisions of this Article 7Section 7.09. Upon acceptance of appointment by a successor trustee Trustee as provided in this Section, the successor Trustee shall at the expense of the Company shall mail transmit notice of the succession of such trustee Trustee hereunder to all the holders of the Securities of any applicable series as the names and addresses of such holders shall appear on the registry books. If the Company fails to mail such notice in the prescribed manner within 10 days after and to the acceptance extent provided in subsection (c) of appointment by the successor trustee, the successor trustee shall cause such notice Section 5.04 with respect to be so mailed at the expense reports pursuant to subsection (a) of the Companysaid Section 5.04.

Appears in 1 contract

Samples: Indenture (Aon PLC)

Acceptance by Successor Trustee. Any successor trustee appointed as provided in Section 7.10 shall execute, acknowledge and deliver to the Company and to its predecessor trustee an instrument accepting such appointment hereunder, and thereupon the resignation or removal of the predecessor trustee with respect to any or all or any applicable series shall become effective and such successor trustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, duties and obligations with respect to such series of its predecessor hereunder, with like effect as if originally named as trustee herein; but, nevertheless, on the written request of the Company or of the successor trustee, the predecessor trustee ceasing to act shall, upon payment (or due provision therefor) of any amounts then due it pursuant to the provisions of Section 7.06, execute and deliver an instrument transferring to such successor trustee all the rights and powers with respect to such series of the predecessor trustee, except as provided in Section 7.06 hereoftrustee so ceasing to act. Upon request of any such successor trustee, the Company shall execute any and all instruments in writing in order more fully and certainly to vest in and confirm to such successor trustee all such rights and powers. Any trustee, including the initial Trustee, trustee ceasing to act shall, nevertheless, retain a lien upon all property or funds held or collected by such trustee to secure any amounts then due it pursuant to the provisions of Section 7.06 and shall also retain its rights under Section 7.06 hereof7.06. In case of the appointment hereunder of a successor trustee with respect to the Securities of one or more (but not all) series, the Company, the predecessor Trustee trustee and each successor trustee with respect to the Securities of any applicable series shall execute and deliver an indenture supplemental hereto which shall contain such provisions as shall be deemed necessary or desirable to confirm that all the rights, powers, trusts and duties of the predecessor Trustee trustee with respect to the Securities of any series as to which the predecessor Trustee trustee is not retiring shall continue to be vested in the predecessor Trustee, trustee and shall add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one trustee, it being understood that nothing herein or in such supplemental indenture shall constitute such trustees co-trustees of the same trust and that each such trustee shall be trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered by any other such trustee. No successor trustee with respect to a series of Securities shall accept appointment as provided in this Section 7.11 unless at the time of such acceptance such successor trustee shall shall, with respect to such series, be qualified under Section 310 (b) of the Trust Indenture Act of 1939 and eligible under the provisions of this Article 7Section 7.09. Upon acceptance of appointment by a successor trustee with respect to any series as provided in this SectionSection 7.11, the Company shall mail notice of the succession of such trustee hereunder to all the holders of the Securities of any applicable such series at their addresses as the names and addresses of such holders they shall appear on the registry booksbooks of the Company. If the Company fails to mail such notice in the prescribed manner within 10 ten days after the acceptance of appointment by the successor trustee, the successor trustee shall cause such notice to be so mailed at the expense of the Company.

Appears in 1 contract

Samples: Indenture (Hecla Mining Co/De/)

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Acceptance by Successor Trustee. Any successor trustee appointed as provided in Section 7.10 6.10 shall execute, acknowledge and deliver to the Company and to its predecessor trustee an instrument accepting such appointment hereunder, and thereupon the resignation or removal of the predecessor retiring trustee with respect to all or any applicable series shall become effective and such successor trustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, duties and obligations with respect to such series of its predecessor hereunder, with like effect as if originally named as trustee herein; but, nevertheless, on the written request of the Company or of the successor trustee, the predecessor trustee ceasing to act shall, upon payment of any amounts then due it pursuant to the provisions of Section 7.066.06, execute and deliver an instrument transferring to such successor trustee all the rights and powers of the predecessor trusteetrustee so ceasing to act and shall duly assign, except as provided in Section 7.06 hereoftransfer and deliver to such successor trustee all property and money held by such retiring trustee thereunder. Upon request of any such successor trustee, the Company shall execute any and all instruments in writing in order for more fully and certainly to vest vesting in and confirm confirming to such successor trustee all such rights and powers. Any trustee, including the initial Trustee, trustee ceasing to act shall, nevertheless, retain a lien upon all property or funds held or collected by such trustee to secure any amounts then due it pursuant to the provisions of Section 7.06 and shall also retain its rights under Section 7.06 hereof6.06. In case of the appointment hereunder of If a successor trustee is appointed with respect to the Securities of one or more (but not all) series, the Company, the predecessor Trustee retiring trustee and each successor trustee with respect to the Securities of any applicable series shall execute and deliver an indenture supplemental hereto which shall contain such provisions as shall be deemed necessary or desirable to confirm that all the rights, powers, trusts and duties of the predecessor Trustee retiring trustee with respect to the Securities of any series as to which the predecessor Trustee predeces sor trustee is not retiring shall continue to be vested in the predecessor Trusteetrustee, and shall add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts trustee hereunder by more than one trustee, it being understood that nothing herein or in such supplemental indenture shall constitute such trustees co-trustees of the same trust and that each such trustee shall be trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered by any other such trustee. No successor trustee shall accept appointment as provided in this Section 6.11 unless at the time of such acceptance accep tance such successor trustee shall be qualified under the provi sions of Section 6.08 and eligible under the provisions of this Article 7Section 6.09. Upon acceptance of appointment by a successor trustee as provided in this SectionSection 6.11, the Company shall mail notice of the succession of such trustee hereunder to all the holders of the Securities of any applicable series at their addresses as the names and addresses of such holders they shall appear on the registry booksSecurity register. If the Company fails to mail such notice in the prescribed manner within 10 days after the acceptance of appointment appoint- ment by the successor trustee, the successor trustee shall cause such notice to be so mailed at the expense of the Company.

Appears in 1 contract

Samples: Indenture (Nb Capital Trust I)

Acceptance by Successor Trustee. Any successor trustee Trustee appointed as provided in Section 7.10 6.9 shall execute, acknowledge and deliver to the Company and to its predecessor trustee Trustee an instrument accepting such appointment hereunder, and thereupon the resignation or removal of the predecessor trustee with respect to all or any applicable series retiring Trustee shall become effective and such successor trusteeTrustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, duties and obligations with respect to such series the Debentures of its predecessor hereunder, with like effect as if originally named as trustee Trustee herein; but, nevertheless, on the written request of the Company or of the successor trusteeTrustee, the predecessor trustee Trustee ceasing to act shall, upon payment of any amounts then due it pursuant to the provisions of Section 7.066.6, execute and deliver an instrument transferring to such successor trustee Trustee all the rights and powers of the predecessor trusteeTrustee so ceasing to act and shall duly assign, except as provided in Section 7.06 hereoftransfer and deliver to such successor Trustee all property and money held by such retiring Trustee thereunder. Upon request of any such successor trusteeTrustee, the Company shall execute any and all instruments in writing in order for more fully and certainly to vest vesting in and confirm confirming to such successor trustee Trustee all such rights and powers. Any trustee, including the initial Trustee, Trustee ceasing to act shall, nevertheless, retain a lien upon all property or funds held or collected by such trustee Trustee to secure any amounts then due it pursuant to the provisions of Section 7.06 and shall also retain its rights under Section 7.06 hereof6.6. In case of the appointment hereunder of If a successor trustee with respect to the Securities of one or more (but not all) seriesTrustee is appointed, the Company, the predecessor retiring Trustee and each the successor trustee with respect to the Securities of any applicable series Trustee shall execute and deliver an indenture supplemental hereto which shall contain such provisions as shall be deemed necessary or desirable to confirm that all the rights, powers, trusts and duties of the predecessor retiring Trustee with respect to the Securities of any series Debentures as to which the predecessor Trustee is not retiring shall continue to be vested in the predecessor Trustee, and shall add to or change any of the provisions of this Indenture as Form 10.Exhibit 4.1 shall be necessary to provide for or facilitate the administration of the trusts Trust hereunder by more than one trusteeTrustee, it being understood that nothing herein or in such supplemental indenture shall constitute such trustees Trustees co-trustees of the same trust and that each such trustee Trustee shall be trustee Trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered by any other such trusteeTrustee. No successor trustee Trustee shall accept appointment as provided in this Section unless at the time of such acceptance such successor trustee Trustee shall be qualified and eligible under the provisions of this Article 7Section 6.8. In no event shall a retiring Trustee be liable for the acts or omissions of any successor Trustee hereunder. Upon acceptance of appointment by a successor trustee Trustee as provided in this SectionSection 6.10, the Company shall mail notice of the succession of such trustee Trustee hereunder to all the holders of the Securities of any applicable series Debentures at their addresses as the names and addresses of such holders they shall appear on the registry booksDebenture Register. If the Company fails to mail such notice in the prescribed manner within 10 days Business Days after the acceptance of appointment by the successor trusteeTrustee, the successor trustee Trustee shall cause such notice to be so mailed at the expense of the Company.

Appears in 1 contract

Samples: Indenture (Southwest Community Bancorp)

Acceptance by Successor Trustee. Any successor trustee appointed as provided in Section 7.10 8.10 shall execute, acknowledge and deliver to the Company and to its predecessor trustee an instrument accepting such appointment hereunder, and thereupon the resignation or removal of the predecessor trustee with respect to all or any applicable series shall become effective and such successor trustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, trusts, duties and obligations with respect to such series of as its predecessor hereunder, with like effect as if originally named as trustee herein; but, nevertheless, on the written request of the Company or of the successor trustee, the predecessor trustee shall, ceasing to act shall upon payment of any amounts then due it pursuant to the provisions of Section 7.068.06, execute and deliver an instrument transferring to such successor trustee all the rights and powers and trusts with respect to any series of Securities of the predecessor trustee, except as provided in Section 7.06 hereoftrustee so ceasing to act. Upon request of any such successor trustee, the Company shall execute any and all instruments in writing in order more fully and certainly to vest in and confirm to such successor trustee all such rights and powers. Any trustee, including the initial Trustee, trustee ceasing to act shall, nevertheless, retain a lien upon all property or funds held or collected by such trustee to secure any amounts then due it pursuant to the provisions of Section 7.06 and shall also retain its rights under Section 7.06 hereof8.06. In case of the appointment hereunder of a successor trustee with respect to the Securities of any one or more (but not all) series, the Company, the predecessor Trustee trustee and each successor trustee with respect to the Securities of any applicable series shall execute and deliver an indenture supplemental hereto wherein each successor trustee shall accept such appointment and which shall contain (1) such provisions as shall be necessary or desirable to transfer and confirm to, and vest in each successor trustee all of the rights, powers and duties of the predecessor trustee with respect to the Securities of that or those series to which the appointment of such successor trustee relates, (2) if the retiring trustee is not retiring with respect to all Securities, it shall contain such provisions as shall be deemed necessary or desirable to confirm that all the rights, powers, trusts and duties of the predecessor Trustee trustee with respect to the Securities of any series as to which the predecessor Trustee trustee is not retiring shall continue to be vested in the predecessor Trustee, trustee and (3) shall add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one trustee, it being understood that nothing herein or in such supplemental indenture shall constitute such trustees co-trustees of the same trust and that each such trustee shall be trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered by any other such trustee. No successor trustee shall accept appointment as provided in this Section 8.11 unless at the time of such acceptance such successor trustee shall be qualified under the provisions of Section 8.08 and eligible under the provisions of this Article 7Section 8.09. Upon acceptance of appointment by a successor trustee as provided in this SectionSection 8.11, the Company shall mail notice of the succession of such trustee hereunder to all holders the Registered Holders of the Securities of any applicable such series as the names and addresses of such holders Holders shall appear on the registry booksbooks of the Company and shall publish notice of such event once in an Authorized Newspaper in the Place of Payment. If the Company fails to mail such notice in the prescribed manner within 10 days after the acceptance of appointment by the successor trustee, the successor trustee shall cause such notice to be so mailed at the expense of the Company.

Appears in 1 contract

Samples: Equistar Funding Corp

Acceptance by Successor Trustee. Any successor trustee Trustee appointed as provided in Section 7.10 6.10 shall execute, acknowledge and deliver to the Company and to its predecessor trustee Trustee an instrument accepting such appointment hereunder, and thereupon the resignation or removal of the predecessor trustee retiring Trustee with respect to all or any applicable series shall become effective and such successor trusteeTrustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, duties and obligations with respect to such series of its predecessor hereunder, with like effect as if originally named as trustee Trustee herein; but, nevertheless, on the written request of the Company or of the successor trusteeTrustee, the predecessor trustee Trustee ceasing to act shall, upon payment of any amounts then due it pursuant to the provisions of Section 7.066.06, execute and deliver an instrument transferring to such successor trustee Trustee all the rights and powers of the predecessor trusteeTrustee so ceasing to act and shall duly assign, except as provided in Section 7.06 hereoftransfer and deliver to such successor Trustee all property and money held by such retiring Trustee thereunder. Upon request of any such successor trusteeTrustee, the Company shall execute any and all instruments in writing in order for more fully and certainly to vest vesting in and confirm confirming to such successor trustee Trustee all such rights and powers. Any trustee, including the initial Trustee, Trustee ceasing to act shall, nevertheless, retain a lien upon all property or funds held or collected by such trustee Trustee to secure any amounts then due it pursuant to the provisions of Section 7.06 and shall also retain its rights under Section 7.06 hereof6.06. In case of the appointment hereunder of If a successor trustee Trustee is appointed with respect to the Debt Securities of one or more (but not all) series, the Company, the predecessor retiring Trustee and each successor trustee Trustee with respect to the Debt Securities of any applicable series shall execute and deliver an indenture supplemental hereto which shall contain such provisions as shall be deemed necessary or desirable to confirm that all the rights, powers, trusts and duties of the predecessor retiring Trustee with respect to the Debt Securities of any series as to which the predecessor Trustee is not retiring shall continue to be vested in the predecessor Trustee, and shall add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts Trust hereunder by more than one trusteeTrustee, it being understood that nothing herein or in such supplemental indenture shall constitute such trustees Trustees co-trustees of the same trust and that each such trustee Trustee shall be trustee Trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered by any other such trusteeTrustee. No successor trustee Trustee shall accept appointment as provided in this Section 6.11 unless at the time of such acceptance such successor trustee Trustee shall be qualified under the provisions of Section 6.08 and eligible under the provisions of this Article 7Section 6.09. In no event shall a retiring Trustee be liable for the acts or omissions of any successor Trustee hereunder. Upon acceptance of appointment by a successor trustee Trustee as provided in this SectionSection 6.11, the Company shall mail notice of the succession of such trustee Trustee hereunder to all the holders of the Debt Securities of any applicable series at their addresses as the names and addresses of such holders they shall appear on the registry booksDebt Security Register. If the Company fails to mail such notice in the prescribed manner within 10 days ten Business Days after the acceptance of appointment by the successor trusteeTrustee, the successor trustee Trustee shall cause such notice to be so mailed at the expense of the Company.

Appears in 1 contract

Samples: Indenture (Mercantile Capital Trust I)

Acceptance by Successor Trustee. Any successor trustee Trustee ------------------------------- appointed as provided in Section 7.10 shall execute, acknowledge and deliver to the Company and to its predecessor trustee Trustee an instrument accepting such appointment hereunder, and thereupon the resignation or removal of the predecessor trustee Trustee with respect to any or all or any applicable series shall become effective and such successor trusteeTrustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, duties and obligations with respect to such series of its predecessor hereunder, with like effect as if originally named as trustee Trustee herein; but, nevertheless, on the written request of the Company or of the successor trusteeTrustee, the predecessor trustee Trustee ceasing to act shall, upon payment (or due provision therefor) of any amounts then due it pursuant to the provisions of Section 7.06, execute and deliver an instrument transferring to such successor trustee Trustee all the rights and powers with respect to such series of the predecessor trustee, except as provided in Section 7.06 hereofTrustee so ceasing to act. Upon request of any such successor trusteeTrustee, the Company shall execute any and all instruments in writing in order more fully and certainly to vest in and confirm to such successor trustee Trustee all such rights and powers. Any trustee, including the initial Trustee, ceasing to act shall, nevertheless, retain a lien upon all property or funds held or collected by such trustee to secure any amounts then due it pursuant to the provisions of Section 7.06 and shall also retain its rights under Section 7.06 hereof. In case of the appointment hereunder of a successor trustee Trustee with respect to the Securities of one or more (but not all) series, the Company, the predecessor Trustee and each successor trustee Trustee with respect to the Securities of any applicable series shall execute and deliver an indenture supplemental hereto which shall contain such provisions as shall be deemed necessary or desirable to confirm that all the rights, powers, trusts and duties of the predecessor Trustee with respect to the Securities of any series as to which the predecessor Trustee is not retiring shall continue to be vested in the predecessor Trustee, and shall add to or change any of the provisions of this Third Amended and Restated Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one trusteeTrustee, it being understood that nothing herein or in such supplemental indenture shall constitute such trustees Trustees co-trustees Trustees of the same trust and that each such trustee Trustee shall be trustee Trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered by any other such trusteeTrustee. No successor trustee Trustee with respect to a series of Securities shall accept appointment as provided in this Section unless at the time of such acceptance such successor trustee shall be qualified and eligible under the provisions of this Article 7. Upon acceptance of appointment by a successor trustee as provided in this Section, the Company shall mail notice of the succession of such trustee hereunder to all holders of the Securities of any applicable series as the names and addresses of such holders shall appear on the registry books. If the Company fails to mail such notice in the prescribed manner within 10 days after the acceptance of appointment by the successor trustee, the successor trustee shall cause such notice to be so mailed at the expense of the Company.this

Appears in 1 contract

Samples: General Electric Capital Corp

Acceptance by Successor Trustee. Any successor trustee Trustee appointed as provided in Section 7.10 6.9 shall execute, acknowledge and deliver to the Company and to its predecessor trustee Trustee an instrument accepting such appointment hereunder, and thereupon the resignation or removal of the predecessor trustee with respect to all or any applicable series retiring Trustee shall become effective and such successor trusteeTrustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, duties and obligations with respect to such series the Debentures of its predecessor hereunder, with like effect as if originally named as trustee Trustee herein; but, nevertheless, on the written request of the Company or of the successor trusteeTrustee, the predecessor trustee Trustee ceasing to act shall, upon payment of any amounts then due it pursuant to the provisions of Section 7.066.6, execute and deliver an instrument transferring to such successor trustee Trustee all the rights and powers of the predecessor trusteeTrustee so ceasing to act and shall duly assign, except as provided in Section 7.06 hereoftransfer and deliver to such successor Trustee all property and money held by such retiring Trustee thereunder. Upon request of any such successor trusteeTrustee, the Company shall execute any and all instruments in writing in order for more fully and certainly to vest vesting in and confirm confirming to such successor trustee Trustee all such rights and powers. Any trustee, including the initial Trustee, Trustee ceasing to act shall, nevertheless, retain a lien upon all property or funds held or collected by such trustee Trustee to secure any amounts then due it pursuant to the provisions of Section 7.06 and shall also retain its rights under Section 7.06 hereof6.6. In case of the appointment hereunder of If a successor trustee with respect to the Securities of one or more (but not all) seriesTrustee is appointed, the Company, the predecessor retiring Trustee and each the successor trustee with respect to the Securities of any applicable series Trustee shall execute and deliver an indenture supplemental hereto which shall contain such provisions as shall be deemed necessary or desirable to confirm that all the rights, powers, trusts and duties of the predecessor retiring Trustee with respect to the Securities of any series Debentures as to which the predecessor Trustee is not retiring shall continue to be vested in the predecessor Trustee, and shall add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts Trust hereunder by more than one trusteeTrustee, it being understood that nothing herein or in such supplemental indenture shall constitute such trustees Trustees co-trustees of the same trust and that each such trustee Trustee shall be trustee Trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered by any other such trusteeTrustee. No successor trustee Trustee shall accept appointment as provided in this Section unless at the time of such acceptance such successor trustee Trustee shall be qualified and eligible under the provisions of this Article 7Section 6.8. Upon acceptance of appointment by In no event shall a successor trustee as provided in this Section, retiring Trustee be liable for the Company shall mail notice of the succession of such trustee hereunder to all holders of the Securities acts or omissions of any applicable series as the names and addresses of such holders shall appear on the registry books. If the Company fails to mail such notice in the prescribed manner within 10 days after the acceptance of appointment by the successor trustee, the successor trustee shall cause such notice to be so mailed at the expense of the CompanyTrustee hereunder.

Appears in 1 contract

Samples: Indenture (Park Meridian Financial Corp)

Acceptance by Successor Trustee. Any successor trustee Trustee appointed as provided in Section 7.10 6.09 shall execute, acknowledge and deliver to the Company and to its predecessor trustee Trustee an instrument accepting such appointment hereunder, and thereupon the resignation or removal of the predecessor trustee with respect to all or any applicable series retiring Trustee shall become effective and such successor trusteeTrustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, duties and obligations with respect to such series the Debt Securities of its predecessor hereunder, with like effect as if originally named as trustee Trustee herein; but, nevertheless, on the written request of the Company or of the successor trusteeTrustee, the predecessor trustee Trustee ceasing to act shall, upon payment of any amounts then due it pursuant to the provisions of Section 7.066.06, execute and deliver an instrument transferring to such successor trustee Trustee all the rights and powers of the predecessor trusteeTrustee so ceasing to act and shall duly assign, except as provided in Section 7.06 hereoftransfer and deliver to such successor Trustee all property and money held by such retiring Trustee thereunder. Upon request of any such successor trusteeTrustee, the Company shall execute any and all instruments in writing in order for more fully and certainly to vest vesting in and confirm confirming to such successor trustee Trustee all such rights and powers. Any trustee, including the initial Trustee, Trustee ceasing to act shall, nevertheless, retain a lien upon all property or funds held or collected by such trustee Trustee to secure any amounts then due it pursuant to the provisions of Section 7.06 and shall also retain its rights under Section 7.06 hereof6.06. In case of the appointment hereunder of If a successor trustee with respect to the Securities of one or more (but not all) seriesTrustee is appointed, the Company, the predecessor retiring Trustee and each the successor trustee with respect to the Securities of any applicable series Trustee shall execute and deliver an indenture supplemental hereto which shall contain such provisions as shall be deemed necessary or desirable to confirm that all the rights, powers, trusts and duties of the predecessor retiring Trustee with respect to the Debt Securities of any series as to which the predecessor Trustee is not retiring shall continue to be vested in the predecessor Trustee, and shall add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts Trust hereunder by more than one trusteeTrustee, it being understood that nothing herein or in such supplemental indenture shall constitute such trustees co-trustees of the same trust and that each such trustee shall be trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered by any other such trustee. No successor trustee shall accept appointment as provided in this Section unless at the time of such acceptance such successor trustee shall be qualified and eligible under the provisions of this Article 7. Upon acceptance of appointment by a successor trustee as provided in this Section, the Company shall mail notice of the succession of such trustee hereunder to all holders of the Securities of any applicable series as the names and addresses of such holders shall appear on the registry books. If the Company fails to mail such notice in the prescribed manner within 10 days after the acceptance of appointment by the successor trustee, the successor trustee shall cause such notice to be so mailed at the expense of the Company.being

Appears in 1 contract

Samples: Indenture (Community Bancshares Inc /De/)

Acceptance by Successor Trustee. Any successor trustee appointed The Successor Trustee accepts its appointment as provided in Section 7.10 Trustee, Security Registrar, Transfer Agent, Paying Agent and Security Custodian under the Indenture and shall execute, acknowledge and deliver to the Company and to its predecessor trustee an instrument accepting such appointment hereunder, and thereupon the resignation or removal of the predecessor trustee with respect to all or any applicable series shall become effective and such successor trustee, without any further act, deed or conveyance, shall become vested with all the assume said rights, powers, duties and obligations upon the terms and conditions set forth in the Indenture. Promptly after the execution and delivery of this Instrument, the Successor Trustee shall cause a notice, substantially in the form annexed hereto as Exhibit A, to be sent to the Company and each Holder of the Notes. The parties hereto acknowledge and agree that, notwithstanding the assignment and assumption provided for herein, the Resigning Trustee shall retain responsibility for actions or omissions taken by it prior to the Trustee Effective Date (with respect to such series of its predecessor hereunder, with like effect capacity as if originally named as trustee herein; but, nevertheless, on Trustee) and the written request of the Company or of the successor trustee, the predecessor trustee shall, upon payment of any amounts then due it pursuant to the provisions of Section 7.06, execute and deliver an instrument transferring to such successor trustee all the rights and powers of the predecessor trustee, except as provided in Section 7.06 hereof. Upon request of any such successor trustee, the Company shall execute any and all instruments in writing in order more fully and certainly to vest in and confirm to such successor trustee all such rights and powers. Any trustee, including the initial Trustee, ceasing to act shall, nevertheless, retain a lien upon all property or funds held or collected by such trustee to secure any amounts then due it pursuant to the provisions of Section 7.06 and shall also retain its rights under Section 7.06 hereof. In case of the appointment hereunder of a successor trustee Agents Effective Date (with respect to its capacities as Security Registrar, Transfer Agent, Paying Agent and Security Custodian) to the Securities extent, but only to the extent, expressly provided in the Indenture. The Successor Trustee shall have no liability or responsibility under the Indenture or any related document, for any action or omission of one the Resigning Trustee or more any other Person occurring prior to the Trustee Effective Date (but not all) series, the Company, the predecessor Trustee and each successor trustee with respect to its capacity as Trustee) and the Securities of any applicable series shall execute and deliver an indenture supplemental hereto which shall contain such provisions as shall be deemed necessary or desirable to confirm that all the rights, powers, trusts and duties of the predecessor Trustee Agents Effective Date (with respect to its capacities as Security Registrar, Transfer Agent, Paying Agent and Security Custodian). For the Securities avoidance of doubt, and without limiting the generality of the previous sentence, this Instrument shall not constitute an assumption by the Successor Trustee of any series liability arising prior to the Resigning Trustee’s resignation of its duties under the Indenture. The Resigning Trustee (a) shall remain liable and responsible under the Indenture for its actions or omissions occurring prior to the Trustee Effective Date (with respect to its capacity as Trustee) and the Agents Effective Date (with respect to which its capacities as Security Registrar, Transfer Agent, Paying Agent and Security Custodian); and (b) shall have no liability or responsibility under the predecessor Indenture for any action or omission of any other Person occurring on or after the Trustee is Effective Date (with respect to its capacity as Trustee) and the Agents Effective Date (with respect to its capacities as Security Registrar, Transfer Agent, Paying Agent and Security Custodian). Other than the documents listed in Exhibit C hereto, the Successor Trustee shall not retiring shall continue be deemed to be vested in have knowledge of any other documents or information related to the predecessor Trustee, transactions contemplated by the this Instrument and shall add to have no liability or change responsibility for taking any of the provisions of this Indenture as shall be necessary to provide for action or facilitate the administration of the trusts hereunder by more than one trustee, it being understood that nothing herein or in such supplemental indenture shall constitute such trustees co-trustees of the same trust and that each such trustee shall be trustee of a trust or trusts hereunder separate and apart refraining from any trust or trusts hereunder administered by action related to any other such trustee. No successor trustee shall accept appointment as provided in this Section unless at the time of such acceptance such successor trustee shall be qualified and eligible under the provisions of this Article 7. Upon acceptance of appointment by a successor trustee as provided in this Section, the Company shall mail notice of the succession of such trustee hereunder to all holders of the Securities of any applicable series as the names and addresses of such holders shall appear on the registry books. If the Company fails to mail such notice in the prescribed manner within 10 days after the acceptance of appointment by the successor trustee, the successor trustee shall cause such notice to be so mailed at the expense of the Companydocuments.

Appears in 1 contract

Samples: Appointment and Acceptance (National Oilwell Varco Inc)

Acceptance by Successor Trustee. Any successor trustee Trustee appointed as provided in Section 7.10 6.9 shall execute, acknowledge and deliver to the Company and to its predecessor trustee Trustee an instrument accepting such appointment hereunder, and thereupon the resignation or removal of the predecessor trustee with respect to all or any applicable series retiring Trustee shall become effective and such successor trusteeTrustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, duties and obligations with respect to such series the Debentures of its predecessor hereunder, with like effect as if originally named as trustee Trustee herein; but, nevertheless, on the written request of the Company or of the successor trusteeTrustee, the predecessor trustee Trustee ceasing to act shall, upon payment of any amounts then due it pursuant to the provisions of Section 7.066.6, execute and deliver an instrument transferring to such successor trustee Trustee all the rights and powers of the predecessor trusteeTrustee so ceasing to act and shall duly assign, except as provided in Section 7.06 hereoftransfer and deliver to such successor Trustee all property and money Community Bancorp/Indenture/Floating Rate held by such retiring Trustee thereunder. Upon request of any such successor trusteeTrustee, the Company shall execute any and all instruments in writing in order for more fully and certainly to vest vesting in and confirm confirming to such successor trustee Trustee all such rights and powers. Any trustee, including the initial Trustee, Trustee ceasing to act shall, nevertheless, retain a lien upon all property or funds held or collected by such trustee Trustee to secure any amounts then due it pursuant to the provisions of Section 7.06 and shall also retain its rights under Section 7.06 hereof6.6. In case of the appointment hereunder of If a successor trustee with respect to the Securities of one or more (but not all) seriesTrustee is appointed, the Company, the predecessor retiring Trustee and each the successor trustee with respect to the Securities of any applicable series Trustee shall execute and deliver an indenture supplemental hereto which shall contain such provisions as shall be deemed necessary or desirable to confirm that all the rights, powers, trusts and duties of the predecessor retiring Trustee with respect to the Securities of any series Debentures as to which the predecessor Trustee is not retiring shall continue to be vested in the predecessor Trustee, and shall add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts Trust hereunder by more than one trusteeTrustee, it being understood that nothing herein or in such supplemental indenture shall constitute such trustees Trustees co-trustees of the same trust and that each such trustee Trustee shall be trustee Trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered by any other such trusteeTrustee. No successor trustee Trustee shall accept appointment as provided in this Section unless at the time of such acceptance such successor trustee Trustee shall be qualified and eligible under the provisions of this Article 7Section 6.8. In no event shall a retiring Trustee be liable for the acts or omissions of any successor Trustee hereunder. Upon acceptance of appointment by a successor trustee Trustee as provided in this SectionSection 6.10, the Company shall mail notice of the succession of such trustee Trustee hereunder to all the holders of the Securities of any applicable series Debentures at their addresses as the names and addresses of such holders they shall appear on the registry booksDebenture Register. If the Company fails to mail such notice in the prescribed manner within 10 days Business Days after the acceptance of appointment by the successor trusteeTrustee, the successor trustee Trustee shall cause such notice to be so mailed at the expense of the Company.

Appears in 1 contract

Samples: Community Bancorp

Acceptance by Successor Trustee. Any successor trustee Trustee appointed as provided in Section 7.10 6.10 shall execute, acknowledge and deliver to the Company and to its predecessor trustee Trustee an instrument accepting such appointment hereunder, and thereupon the resignation or removal of the predecessor trustee retiring Trustee with respect to all or any applicable series shall become effective and such successor trusteeTrustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, duties and obligations with respect to such series of its predecessor hereunder, with like effect as if originally named as trustee Trustee herein; but, nevertheless, on the written request of the Company or of the successor trusteeTrustee, the predecessor trustee Trustee ceasing to act shall, upon payment of any amounts then due it pursuant to the provisions of Section 7.066.06, execute and deliver an instrument transferring to such successor trustee Trustee all the rights and powers of the predecessor trusteeTrustee so ceasing to act and shall duly assign, except as provided in Section 7.06 hereoftransfer and deliver to such successor Trustee all property and money held by such retiring Trustee thereunder. Upon request of any such successor trusteeTrustee, the Company shall execute any and all instruments in writing in order for more fully and certainly to vest vesting in and confirm confirming to such successor trustee Trustee all such rights and powers. Any trustee, including the initial Trustee, Trustee ceasing to act shall, nevertheless, retain a lien upon all property or funds held or collected by such trustee Trustee to secure any amounts then due it pursuant to the provisions of Section 7.06 and shall also retain its rights under Section 7.06 hereof6.06. In case of the appointment hereunder of If a successor trustee Trustee is appointed with respect to the Debt Securities of one or more (but not all) series, the Company, the predecessor retiring Trustee and each successor trustee Trustee with respect to the Debt Securities of any applicable series shall execute and deliver an indenture supplemental hereto which shall contain such provisions as shall be deemed necessary or desirable to confirm that all the rights, powers, trusts and duties of the predecessor Trustee with respect to the Securities of any series as to which the predecessor Trustee is not retiring shall continue to be vested in the predecessor Trustee, and shall add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one trustee, it being understood that nothing herein or in such supplemental indenture shall constitute such trustees co-trustees of the same trust and that each such trustee shall be trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered by any other such trustee. No successor trustee shall accept appointment as provided in this Section unless at the time of such acceptance such successor trustee shall be qualified and eligible under the provisions of this Article 7. Upon acceptance of appointment by a successor trustee as provided in this Section, the Company shall mail notice of the succession of such trustee hereunder to all holders of the Securities of any applicable series as the names and addresses of such holders shall appear on the registry books. If the Company fails to mail such notice in the prescribed manner within 10 days after the acceptance of appointment by the successor trustee, the successor trustee shall cause such notice to be so mailed at the expense of the Company.indenture

Appears in 1 contract

Samples: Indenture (Pxre Corp)

Acceptance by Successor Trustee. Any successor trustee appointed as provided in Section 7.10 6.10 shall execute, acknowledge and deliver to the Company and to its predecessor trustee an instrument accepting such appointment hereunder, and thereupon the resignation or removal of the predecessor trustee with respect to all or any applicable series shall become effective and such successor trustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, duties and obligations with respect to such series of its predecessor hereunder, with like effect as if originally named as trustee herein; but, nevertheless, on the written request of the Company or of the successor trustee, the predecessor trustee ceasing to act shall, upon payment of any amounts then due it pursuant to the provisions of Section 7.066.06, execute and deliver an instrument transferring to such successor trustee all the rights and powers of the predecessor trustee, except as provided in Section 7.06 hereoftrustee so ceasing to act. Upon request of any such successor trustee, the Company shall execute any and all instruments in writing in order for more fully and certainly to vest vesting in and confirm confirming to such successor trustee all such rights and powers. Any trustee, including the initial Trustee, trustee ceasing to act shall, shall nevertheless, retain a lien upon all property or funds held or collected by such trustee to secure any amounts then due it pursuant to the provisions of Section 7.06 and shall also retain its rights under Section 7.06 hereof6.06. In case of the appointment hereunder of If a successor trustee is appointed with respect to the Securities of one or more (but not all) series, the Company, the predecessor Trustee trustee and each successor trustee with respect to the Securities of any applicable series shall execute and deliver an indenture supplemental hereto which shall contain such provisions as shall be deemed necessary or desirable to confirm that all the rights, powers, trusts and duties of the predecessor Trustee trustee with respect to the Securities of any series as to which the predecessor Trustee trustee is not retiring shall continue to be vested in the predecessor Trusteetrustee, and shall add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts trustee hereunder by more than one trustee, it being understood that nothing herein or in such supplemental indenture shall constitute such trustees co-trustees of the same trust and that each such trustee shall be trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered by any other such trustee. No successor trustee shall accept appointment as provided in this Section 6.11 unless at the time of such acceptance such successor trustee shall be qualified under the provisions of Section 6.08 and eligible under the provisions of this Article 7Section 6.09. Upon acceptance of appointment by a successor trustee as provided in this SectionSection 6.11, the Company shall mail notice of the succession of such trustee hereunder to all the holders of the Securities of any applicable series at their addresses as the names and addresses of such holders they shall appear on the registry booksSecurity register. If the Company fails to mail such notice in the prescribed manner within 10 days after the acceptance of appointment by the successor trustee, the successor trustee shall cause such notice to be so mailed at the expense of the Company.

Appears in 1 contract

Samples: Indenture (Phillips Petroleum Co)

Acceptance by Successor Trustee. Any successor trustee appointed as provided in Section 7.10 7.08 shall execute, acknowledge and deliver to the Company and to its predecessor trustee an instrument accepting such appointment hereunder, and thereupon the resignation or removal of the predecessor trustee with respect to any or all or any applicable series shall become effective and such successor trustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, duties and obligations with respect to such series of its predecessor hereunder, with like effect as if originally named as trustee herein; but, nevertheless, on the written request of the Company Company, or of the successor trustee, the predecessor trustee ceasing to act shall, upon payment (or due provision therefor) of any amounts then due it pursuant to the provisions of Section 7.067.05, execute and deliver an instrument transferring to such successor trustee all the rights and powers with respect to such series of the predecessor trustee, except as provided in Section 7.06 hereoftrustee so ceasing to act. Upon request of any such successor trustee, the Company shall execute any and all instruments in writing in order more fully and certainly to vest in and confirm to such successor trustee all such rights and powers. Any trustee, including the initial Trustee, trustee ceasing to act shall, nevertheless, retain a lien upon all property or funds held or collected by such trustee to secure any amounts then due it pursuant to the provisions of Section 7.06 and shall also retain its rights under Section 7.06 hereof7.05. In case of the appointment hereunder of a successor trustee with respect to the Debt Securities of one or more (but not all) series, the Company, the predecessor Trustee trustee and each successor trustee with respect to the Debt Securities of any applicable series shall execute and deliver an indenture supplemental hereto which shall contain such provisions as shall be deemed necessary or desirable to confirm that all the rights, powers, trusts and duties of the predecessor Trustee trustee with respect to the Debt Securities of any series as to which the predecessor Trustee trustee is not retiring shall continue to be vested in the predecessor Trusteetrustee, and shall add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one trustee, it being understood that nothing herein or in such supplemental indenture shall constitute such trustees co-trustees of the same trust and that each such trustee shall be trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered by any other such trustee. No successor trustee with respect to a series of Debt Securities shall accept appointment as provided in this Section 7.09 unless at the time of such acceptance such successor trustee shall shall, with respect to such series, be qualified under the requirements of the Trust Indenture Act of 1939 and eligible under the provisions of this Article 7Section 7.07. Upon acceptance of appointment by a successor trustee with respect to any series as provided in this SectionSection 7.09, the Company shall mail notice of the succession of such trustee hereunder to all holders the Holders of the Debt Securities of any applicable such series at their addresses as the names and addresses of such holders they shall appear on the registry booksbooks of the Company. If the Company fails to mail such notice in the prescribed manner within 10 ten days after the acceptance of appointment by the successor trustee, the successor trustee shall cause such notice to be so mailed at the expense of the Company.. 24

Appears in 1 contract

Samples: McDonalds Corp

Acceptance by Successor Trustee. Any successor trustee appointed as provided in Section 7.10 shall execute, acknowledge and deliver to the Company Company, each Co-Issuer each Guarantor and to its predecessor trustee an instrument accepting such appointment hereunder, and thereupon the resignation or removal of the predecessor trustee with respect to all or any applicable series shall become effective and such successor trustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, duties and obligations with respect to such series of its predecessor hereunder, with like effect as if originally named as trustee herein; but, nevertheless, on the written request of the Company Company, any Co-Issuer, any Guarantor or of the successor trustee, the predecessor trustee ceasing to act shall, upon payment of any amounts then due it pursuant to the provisions of Section 7.06, execute and deliver an instrument transferring to such successor trustee all the rights and powers of the predecessor trusteetrustee so ceasing to act and shall assign, except as provided in Section 7.06 hereoftransfer and deliver to such successor or trustee all property and money held by such trustee so ceasing to act. Upon request of any such successor trustee, the Company Company, each Co-Issuer and each Guarantor shall execute any and all instruments in writing in order more fully and certainly to vest in and confirm to such successor trustee all such rights and powers. Any trustee, including the initial Trustee, trustee ceasing to act shall, nevertheless, retain a lien upon all property or funds held or collected by such trustee to secure any amounts then due it pursuant to the provisions of Section 7.06 and shall also retain its rights under Section 7.06 hereof7.06. In case of the appointment hereunder of a successor trustee with respect to the Securities of one or more (but not all) series, the Company, each Issuer (if any of such series of Securities is co-issues by one or more co-issuers), each Guarantor (if any of such series of Securities are entitled to the benefits of Article Fifteen) and the predecessor Trustee trustee and each successor trustee with respect to the Securities of any applicable series shall execute and deliver an indenture supplemental hereto which shall contain such provisions as shall be deemed necessary or desirable to confirm that all the rights, powers, trusts and duties of the predecessor Trustee trustee with respect to the Securities of any series as to which the predecessor Trustee trustee is not retiring shall continue to be vested in the predecessor Trusteetrustee, and shall add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one trustee, it being understood that nothing herein or in such supplemental indenture shall constitute such trustees co-trustees of the same trust and that each such trustee shall be trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered by any other such trustee. No successor trustee shall accept appointment as provided in this Section unless at the time of such acceptance such successor trustee shall be qualified under the provisions of Section 7.08 and eligible under the provisions of this Article 7Section 7.09. Upon acceptance of appointment by a successor trustee as provided in this Section, the Company and, with respect to any series of Securities for which there is one or more co-issuers, the Issuers shall mail give notice of the succession of such trustee hereunder to all holders the Holders of the Securities of any applicable each series affected, by mailing such notice to such Holders at their addresses as the names and addresses of such holders they shall appear on the registry booksSecurity Register. If the Company fails or, with respect to any series of Securities for which there is one or more co-issuers, the Issuers fail to mail such notice in the prescribed manner within 10 ten (10) days after the acceptance of appointment by the successor trustee, the successor trustee shall cause such notice to be so mailed given at the expense of the CompanyCompany and/or the Co-Issuer(s), if applicable.

Appears in 1 contract

Samples: Indenture (Aon Global Holdings PLC)

Acceptance by Successor Trustee. Any successor trustee Trustee appointed as provided in Section 7.10 6.09 shall execute, acknowledge and deliver to the Company Company, the Guarantor and to its predecessor trustee Trustee an instrument accepting indenture supplemental hereto which shall contain such appointment hereunderprovisions as shall be deemed necessary or desirable to confirm that all of the rights, powers, trusts and duties of the retiring Trustee shall be vested in the successor Trustee, and thereupon the resignation or removal of the predecessor trustee with respect to all or any applicable series retiring Trustee shall become effective and such successor trusteeTrustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, duties and obligations with respect to such series the Debt Securities of its predecessor hereunder, with like effect as if originally named as trustee Trustee herein; but, nevertheless, on the written request of the Company Company, the Guarantor or of the successor trusteeTrustee, the predecessor trustee Trustee ceasing to act shall, upon payment of any the amounts then due it pursuant to the provisions of Section 7.066.06 and Section 16.01, execute and deliver an instrument transferring to such successor trustee Trustee all the rights and powers of the predecessor trusteeTrustee so ceasing to act and shall duly assign, except as provided in Section 7.06 hereoftransfer and deliver to such successor Trustee all property and money held by such retiring Trustee hereunder. Upon request of any such successor trusteeTrustee, the Company and the Guarantor shall execute any and all instruments in writing in order for more fully and certainly to vest vesting in and confirm confirming to such successor trustee Trustee all such rights and powers. Any trustee, including the initial Trustee, Trustee ceasing to act shall, nevertheless, retain a lien upon all property or funds held or collected by such trustee Trustee to secure any amounts then due it pursuant to the provisions of Section 7.06 and shall also retain its rights under 6.06 or Section 7.06 hereof. In case of the appointment hereunder of a successor trustee with respect to the Securities of one or more (but not all) series, the Company, the predecessor Trustee and each successor trustee with respect to the Securities of any applicable series shall execute and deliver an indenture supplemental hereto which shall contain such provisions as shall be deemed necessary or desirable to confirm that all the rights, powers, trusts and duties of the predecessor Trustee with respect to the Securities of any series as to which the predecessor Trustee is not retiring shall continue to be vested in the predecessor Trustee, and shall add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one trustee, it being understood that nothing herein or in such supplemental indenture shall constitute such trustees co-trustees of the same trust and that each such trustee shall be trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered by any other such trustee16.01. No successor trustee Trustee shall accept appointment as provided in this Section unless at the time of such acceptance such successor trustee Trustee shall be eligible and qualified and eligible under the provisions of this Article 7Section 6.08. In no event shall a retiring Trustee be liable for the acts or omissions of any successor Trustee hereunder. Upon acceptance of appointment by a successor trustee Trustee as provided in this Section, the Company and the Guarantor shall mail notice of the succession of such trustee Trustee hereunder to all the holders of the Debt Securities of any applicable series at their addresses as the names and addresses of such holders they shall appear on the registry booksDebt Security Register. If the Company fails and the Guarantor fail to mail such notice in the prescribed manner within 10 days ten Business Days after the acceptance of appointment by the successor trusteeTrustee, the successor trustee Trustee shall cause such notice to be so mailed at the expense of the CompanyCompany and the Guarantor.

Appears in 1 contract

Samples: Kingsway Financial Services Inc

Acceptance by Successor Trustee. Any successor trustee appointed as provided in Section 7.10 8.10 shall execute, acknowledge and deliver to the Company and to its predecessor trustee an instrument accepting such appointment hereunder, and thereupon the resignation or removal of the predecessor trustee with respect to all or any applicable series shall become effective and such successor trustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, trusts, duties and obligations with respect to such series of its predecessor hereunder, with like effect as if originally named as trustee herein; but, nevertheless, on the written request of the Company or of the successor trustee, the predecessor trustee ceasing to act shall, upon payment of any amounts then due it pursuant to the provisions of Section 7.068.06, execute and deliver an instrument transferring to such successor trustee all the rights and powers and trusts with respect to any series of Securities of the predecessor trustee, except as provided in Section 7.06 hereoftrustee so ceasing to act. Upon request of any such successor trustee, the Company shall execute any and all instruments in writing in order more fully and certainly to vest in and 65 57 confirm to such successor trustee all such rights and powers. Any trustee, including the initial Trustee, trustee ceasing to act shall, nevertheless, retain a lien upon all property or funds held or collected by such trustee to secure any amounts then due it pursuant to the provisions of Section 7.06 and shall also retain its rights under Section 7.06 hereof8.06. In case of the appointment hereunder of a successor trustee with respect to the Securities of any one or more (but not all) series, the Company, the predecessor Trustee trustee and each successor trustee with respect to the Securities of any applicable series shall execute and deliver an indenture supplemental hereto wherein each successor trustee shall accept such appointment and which shall contain (1) such provisions as shall be necessary or desirable to transfer and confirm to, and vest in each successor trustee all of the rights, powers and duties of the predecessor trustee with respect to the Securities of that or those series to which the appointment of such successor trustee relates, (2) if the retiring trustee is not retiring with respect to all Securities, it shall contain such provisions as shall be deemed necessary or desirable to confirm that all the rights, powers, trusts and duties of the predecessor Trustee trustee with respect to the Securities of any series as to which the predecessor Trustee trustee is not retiring shall continue to be vested in the predecessor Trustee, trustee and (3) shall add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one trustee, it being understood that nothing herein or in such supplemental indenture shall constitute such trustees co-trustees of the same trust and that each such trustee shall be trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered by any other such trustee. No successor trustee shall accept appointment as provided in this Section 8.11 unless at the time of such acceptance such successor trustee shall be qualified under the provisions of Section 8.08 and eligible under the provisions of this Article 7Section 8.09. Upon acceptance of appointment by a successor trustee as provided in this SectionSection 8.11, the Company shall mail notice of the succession of such trustee hereunder to all holders the Registered Holders of the Securities of any applicable such series as the names and addresses of such holders Holders shall appear on the registry booksbooks of the Company and shall publish notice of such event once in an Authorized Newspaper in the Place of Payment. If the Company fails to mail such notice in the prescribed manner within 10 days after the acceptance of 66 58 appointment by the successor trustee, the successor trustee shall cause such notice to be so mailed at the expense of the Company.

Appears in 1 contract

Samples: Indenture (Atlantic Richfield Co /De)

Acceptance by Successor Trustee. Any successor trustee appointed as provided in Section 7.10 7.09 [Resignation or Removal of Trustee] shall execute, acknowledge and deliver to the Company and to its predecessor trustee an instrument accepting such appointment hereunder, and thereupon the resignation or removal of the predecessor trustee with respect to all or any applicable series shall become effective and such successor trustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, duties and obligations with respect to such series of its predecessor hereunder, with like effect as if originally named as trustee Trustee herein; but, nevertheless, on the written request of the Company or of the successor trustee, the predecessor trustee ceasing to act shall, upon payment of any amounts then due it pursuant to the provisions of Section 7.067.06 [Compensation and Expenses of Trustee], execute and deliver an instrument transferring to such successor trustee all the rights and powers of the predecessor trustee, except as provided in Section 7.06 hereoftrustee so ceasing to act. Upon request of any such successor trustee, the Company shall execute any and all instruments in writing in order for more fully and certainly to vest vesting in and confirm confirming to such successor trustee all such rights and powers. Any trustee, including the initial Trustee, trustee ceasing to act shall, nevertheless, retain a lien upon senior claim to which the Notes are hereby made subordinate on all money or property or funds held or collected by such trustee as such, except for funds held in trust for the benefit of Holders of particular Notes, to secure any amounts then due it pursuant to the provisions of Section 7.06 [Compensation and shall also retain its rights under Section 7.06 hereof. In case Expenses of the appointment hereunder of a successor trustee with respect to the Securities of one or more (but not all) series, the Company, the predecessor Trustee and each successor trustee with respect to the Securities of any applicable series shall execute and deliver an indenture supplemental hereto which shall contain such provisions as shall be deemed necessary or desirable to confirm that all the rights, powers, trusts and duties of the predecessor Trustee with respect to the Securities of any series as to which the predecessor Trustee is not retiring shall continue to be vested in the predecessor Trustee, and shall add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one trustee, it being understood that nothing herein or in such supplemental indenture shall constitute such trustees co-trustees of the same trust and that each such trustee shall be trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered by any other such trustee]. No successor trustee shall accept appointment as provided in this Section 7.10 [Acceptance by Successor Trustee] unless at the time of such acceptance such successor trustee shall be qualified and eligible under the provisions of this Article 7Section 7.08 [Eligibility of Trustee]. Upon acceptance of appointment by a successor trustee as provided in this SectionSection 7.10 [Acceptance by Successor Trustee], each of the Company and the successor trustee, at the written direction and at the expense of the Company shall mail deliver or cause to be delivered notice of the succession of such trustee hereunder to all holders of the Securities of any applicable series as the names and addresses of such holders shall appear on the registry booksHolders. If the Company fails to mail deliver such notice in the prescribed manner within 10 ten days after the acceptance of appointment by the successor trustee, the successor trustee shall cause such notice to be so mailed delivered at the expense of the Company. Section 7.11.

Appears in 1 contract

Samples: Indenture (Evolent Health, Inc.)

Acceptance by Successor Trustee. Any successor trustee Trustee --------------------------------- appointed as provided in Section 7.10 6.9 shall execute, acknowledge and deliver to the Company and to its predecessor trustee Trustee an instrument accepting such appointment hereunder, and thereupon the resignation or removal of the predecessor trustee with respect to all or any applicable series retiring Trustee shall become effective and such successor trusteeTrustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, duties and obligations with respect to such series the Debentures of its predecessor hereunder, with like effect as if originally named as trustee Trustee herein; but, nevertheless, on the written request of the Company or of the successor trusteeTrustee, the predecessor trustee Trustee ceasing to act shall, upon payment of any amounts then due it pursuant to the provisions of Section 7.066.6, execute and deliver an instrument transferring to such successor trustee Trustee all the rights and powers of the predecessor trusteeTrustee so ceasing to act and shall duly assign, except as provided in Section 7.06 hereoftransfer and deliver to such successor Trustee all property and money held by such retiring Trustee thereunder. Upon request of any such successor trusteeTrustee, the Company shall execute any and all instruments in writing in order for more fully and certainly to vest vesting in and confirm confirming to such successor trustee Trustee all such rights and powers. Any trustee, including the initial Trustee, Trustee ceasing to act shall, nevertheless, retain a lien upon all property or funds held or collected by such trustee Trustee to secure any amounts then due it pursuant to the provisions of Section 7.06 and shall also retain its rights under Section 7.06 hereof6.6. In case of the appointment hereunder of If a successor trustee with respect to the Securities of one or more (but not all) seriesTrustee is appointed, the Company, the predecessor retiring Trustee and each the successor trustee with respect to the Securities of any applicable series Trustee shall execute and deliver an indenture supplemental hereto which shall contain such provisions as shall be deemed necessary or desirable to confirm that all the rights, powers, trusts and duties of the predecessor retiring Trustee with respect to the Securities of any series Debentures as to which the predecessor Trustee is not retiring shall continue to be vested in the predecessor Trustee, and shall add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts Trust hereunder by more than one trusteeTrustee, it being understood that nothing herein or in such supplemental indenture shall constitute such trustees Trustees co-trustees of the same trust and that each such trustee Trustee shall be trustee Trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered by any other such trusteeTrustee. No successor trustee Trustee shall accept appointment as provided in this Section unless at the time of such acceptance such successor trustee Trustee shall be qualified and eligible under the provisions of this Article 7Section 6.8. In no event shall a retiring Trustee be liable for the acts or omissions of any successor Trustee hereunder. Upon acceptance of appointment by a successor trustee Trustee as provided in this SectionSection 6.10, the Company shall mail notice of the succession of such trustee Trustee hereunder to all the holders of the Securities of any applicable series Debentures at their addresses as the names and addresses of such holders they shall appear on the registry booksDebenture Register. If the Company fails to mail such notice in the prescribed manner within 10 days Business Days after the acceptance of appointment by the successor trusteeTrustee, the successor trustee Trustee shall cause such notice to be so mailed at the expense of the Company. SECTION 6.11.

Appears in 1 contract

Samples: Indenture (Intervest Bancshares Corp)

Acceptance by Successor Trustee. Any successor trustee appointed as provided in Section 7.10 shall execute, acknowledge and deliver to the Company and to its predecessor trustee an instrument accepting such appointment hereunder, and thereupon the resignation or removal of the predecessor trustee with respect to all or any applicable series shall become effective and such successor trustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, duties and obligations with respect to such series of its predecessor hereunder, with like effect as if originally named as trustee herein; but, nevertheless, on the written request of the Company or of the successor trustee, the predecessor trustee shall, upon payment of any amounts then due it pursuant to the provisions of Section 7.06, execute and deliver an instrument transferring to such successor trustee all the rights and powers of the predecessor trustee, except as provided in Section 7.06 hereof. Upon request of any such successor trustee, the Company shall execute any and all instruments in writing in order more fully and certainly to vest in and confirm to such successor trustee all such rights and powers. Any trustee, including the initial Trustee, ceasing to act shall, nevertheless, retain a lien Lien upon all property or funds held or collected by such trustee to secure any amounts then due it pursuant to the provisions of Section 7.06 and 7.06. The retiring or removed Trustee shall also retain its rights under Section 7.06 hereofhave no responsibility or liability for the action or inaction of any successor Trustee. In case of the appointment hereunder of a successor trustee with respect to the Securities of one or more (but not all) series, the Company, the predecessor Trustee and each successor trustee with respect to the Securities of any applicable series shall execute and deliver an a supplemental indenture supplemental hereto which shall contain such provisions as shall be deemed necessary or desirable to confirm that all the rights, powers, trusts and duties of the predecessor Trustee with respect to the Securities of any series as to which the predecessor Trustee is not retiring shall continue to be vested in the predecessor Trustee, and shall add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one trustee, it being understood that nothing herein or in such supplemental indenture shall constitute such trustees co-trustees of the same trust and that each such trustee shall be trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered by any other such trustee. No successor trustee shall accept appointment as provided in this Section unless at the time of such acceptance such successor trustee shall be qualified and eligible under the provisions of this Article 7. Upon acceptance of appointment by a successor trustee as provided in this Section, the Company shall mail notice of the succession of such trustee hereunder to all holders of the Securities of any applicable series as the names and addresses of such holders shall appear on the registry books. If the Company fails to mail such notice in the prescribed manner within 10 ten days after the acceptance of appointment by the successor trustee, the successor trustee shall cause such notice to be so mailed at the expense of the Company.

Appears in 1 contract

Samples: Indenture (Chemours Co)

Acceptance by Successor Trustee. Any successor trustee Trustee appointed as provided in Section 7.10 6.09 shall execute, acknowledge and deliver to the Company and to its predecessor trustee Trustee an instrument accepting such appointment hereunder, and thereupon the resignation or removal of the predecessor trustee with respect to all or any applicable series retiring Trustee shall become effective and such successor trusteeTrustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, duties and obligations with respect to such series the Debt Securities of its predecessor hereunder, with like effect as if originally named as trustee Trustee herein; but, nevertheless, on the written request of the Company or of the successor trusteeTrustee, the predecessor trustee Trustee ceasing to act shall, upon payment of any the amounts then due it pursuant to the provisions of Section 7.066.06, execute and deliver an instrument transferring to such successor trustee Trustee all the rights and powers of the predecessor trusteeTrustee so ceasing to act and shall duly assign, except as provided in Section 7.06 hereoftransfer and deliver to such successor Trustee all property and money held by such retiring Trustee hereunder. Upon request of any such successor trusteeTrustee, the Company shall execute any and all instruments in writing in order for more fully and certainly to vest vesting in and confirm confirming to such successor trustee Trustee all such rights and powers. Any trustee, including the initial Trustee, Trustee ceasing to act shall, nevertheless, retain a lien upon all property or funds held or collected by such trustee Trustee to secure any amounts then due it pursuant to the provisions of Section 7.06 and shall also retain its rights under Section 7.06 hereof6.06. In case of the appointment hereunder of If a successor trustee with respect to the Securities of one or more (but not all) seriesTrustee is appointed, the Company, the predecessor retiring Trustee and each the successor trustee with respect to the Securities of any applicable series Trustee shall execute and deliver an indenture supplemental hereto which shall contain such provisions as shall be deemed necessary or desirable to confirm that all the rights, powers, trusts and duties of the predecessor retiring Trustee with respect to the Debt Securities of any series as to which the predecessor Trustee is not retiring shall continue to be vested in the predecessor Trustee, and shall add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts Trust hereunder by more than one trusteeTrustee, it being understood that nothing herein or in such supplemental indenture shall constitute such trustees Trustees co-trustees of the same trust and that each such trustee Trustee shall be trustee Trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered by any other such trustee. No successor trustee shall accept appointment as provided in this Section unless at the time of such acceptance such successor trustee shall be qualified and eligible under the provisions of this Article 7. Upon acceptance of appointment by a successor trustee as provided in this Section, the Company shall mail notice of the succession of such trustee hereunder to all holders of the Securities of any applicable series as the names and addresses of such holders shall appear on the registry books. If the Company fails to mail such notice in the prescribed manner within 10 days after the acceptance of appointment by the successor trustee, the successor trustee shall cause such notice to be so mailed at the expense of the CompanyTrustee.

Appears in 1 contract

Samples: Employment Agreement (Columbia Bancorp \Or\)

Acceptance by Successor Trustee. Any successor trustee Trustee with respect to all series of Securities appointed as provided in Section 7.10 shall execute, acknowledge and deliver to the Company Company, the Parent Guarantor and to its predecessor trustee Trustee an instrument accepting such appointment hereunder, and thereupon the resignation or removal of the predecessor trustee Trustee with respect to all or any applicable series shall become effective and such successor trusteeTrustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, trusts and duties and obligations with respect to such series of its predecessor hereunder, with like effect as if originally named as trustee Trustee herein; but, nevertheless, on the written request of the Company Company, the Parent Guarantor, or of the successor trusteeTrustee, the predecessor trustee Trustee ceasing to act shall, upon payment of any amounts then due it pursuant to the provisions of Section 7.06, execute and deliver an instrument transferring to such successor trustee Trustee all the rights and powers with respect to such series of the predecessor trustee, except as provided in Section 7.06 hereofTrustee so ceasing to act. Upon the request of any such successor trusteeTrustee, the Company and the Parent Guarantor shall execute any and all instruments in writing in order for more fully and certainly to vest vesting in and confirm confirming to such successor trustee Trustee all such rights and powers. Any trustee, including the initial Trustee, Trustee ceasing to act shall, nevertheless, retain a lien upon all property or funds held or collected by such trustee Trustee or any successor Trustee to secure any amounts then due it pursuant to the provisions of Section 7.06 and shall also retain its rights under Section 7.06 hereof7.06. In case of the appointment hereunder of a successor trustee Trustee with respect to the Securities of one or more (but not all) series, the Company, the predecessor Parent Guarantor, the retiring Trustee and each successor trustee Trustee with respect to the Securities of any applicable such series shall execute and deliver an indenture supplemental hereto wherein each successor Trustee shall accept such appointment and which (1) shall contain such provisions as shall be necessary or desirable to transfer and confirm to, and to vest in, each successor Trustee all the rights, powers, trusts and duties of the retiring Trustee with respect to the Securities of such series to which the appointment of such successor Trustee relates, (2) if the retiring Trustee is not retiring with respect to all Securities, shall contain such provisions as shall be deemed necessary or desirable to confirm that all the rights, powers, trusts and duties of the predecessor retiring Trustee with respect to the Securities of any such series as to which the predecessor retiring Trustee is not retiring shall continue to be vested in the predecessor retiring Trustee, and (3) shall add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one trusteeTrustee, it being understood that nothing herein or in such supplemental indenture shall constitute such trustees Trustees co-trustees Trustees of the same trust and that each such trustee Trustee shall be trustee Trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered by any other such trusteeTrustee; and upon the execution and delivery of such supplemental indenture the resignation or removal of the retiring Trustee shall become effective to the extent provided therein and each such successor Trustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, trusts and duties of the retiring Trustee with respect to the Securities of such series to which the appointment of such successor Trustee relates; but, on written request of the Company or any successor Trustee, such retiring Trustee shall duly assign, transfer and deliver to such successor Trustee all property and money held by such retiring Trustee hereunder with respect to the Securities of such series to which the appointment of such successor Trustee relates. No successor trustee Trustee shall accept appointment as provided in this Section unless at the time of such acceptance such successor trustee Trustee shall be qualified under the provisions of Section 7.08 and eligible under the provisions of this Article 7Section 7.09. Upon acceptance of appointment by a successor trustee Trustee as provided in this Section, the successor Trustee shall at the expense of the Company shall mail transmit notice of the succession of such trustee Trustee hereunder to all the holders of the Securities of any applicable series as the names and addresses of such holders shall appear on the registry books. If the Company fails to mail such notice in the prescribed manner within 10 days after and to the acceptance extent provided in subsection (c) of appointment by the successor trustee, the successor trustee shall cause such notice Section 5.04 with respect to be so mailed at the expense reports pursuant to subsection (a) of the Companysaid Section 5.04.

Appears in 1 contract

Samples: Indenture (Aon Corp)

Acceptance by Successor Trustee. Any successor trustee appointed as provided in Section 7.10 6.10 shall execute, acknowledge and deliver to the Company and to its predecessor trustee an instrument accepting such appointment hereunder, and thereupon the resignation or removal of the predecessor retiring trustee with respect to all or any applicable series shall become effective and such successor trustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, duties and obligations with respect to such series of its predecessor hereunder, with like effect as if originally named as trustee herein; but, nevertheless, on the written request of the Company or of the successor trustee, the predecessor trustee ceasing to act shall, upon payment of any amounts then due it pursuant to the provisions of Section 7.066.06, execute and deliver an instrument transferring to such successor trustee all the rights and powers of the predecessor trusteetrustee so ceasing to act and shall duly assign, except as provided in Section 7.06 hereoftransfer and deliver to such successor trustee all property and money held by such retiring trustee thereunder. Upon request of any such successor trustee, the Company shall execute any and all instruments in writing in order for more fully and certainly to vest vesting in and confirm confirming to such successor trustee all such rights and powers. Any trustee, including the initial Trustee, trustee ceasing to act shall, nevertheless, retain a lien upon all property or funds held or collected by such trustee to secure any amounts then due it pursuant to the provisions of Section 7.06 and shall also retain its rights under Section 7.06 hereof6.06. In case of the appointment hereunder of If a successor trustee is appointed with respect to the Securities of one or more (but not all) series, the Company, the predecessor Trustee retiring trustee and each successor trustee with respect to the Securities of any applicable series shall execute and deliver an indenture supplemental hereto which shall contain such provisions as shall be deemed necessary or desirable to confirm that all the rights, powers, trusts and duties of the predecessor Trustee retiring trustee with respect to the Securities of any series as to which the predecessor Trustee trustee is not retiring shall continue to be vested in the predecessor Trusteetrustee, and shall add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts trustee hereunder by more than one trustee, it being understood that nothing herein or in such supplemental indenture shall constitute such trustees co-co- trustees of the same trust and that each such trustee shall be trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered by any other such trustee. No successor trustee shall accept appointment as provided in this Section 6.11 unless at the time of such acceptance such successor trustee shall be qualified under the provisions of Section 6.08 and eligible under the provisions of this Article 7Section 6.09. Upon acceptance of appointment by a successor trustee as provided in this SectionSection 6.11, the Company shall mail notice of the succession of such trustee hereunder to all the holders of the Securities of any applicable series at their addresses as the names and addresses of such holders they shall appear on the registry booksSecurity register. If the Company fails to mail such notice in the prescribed manner within 10 days after the acceptance of appointment by the successor trustee, the successor trustee shall cause such notice to be so mailed at the expense of the Company.

Appears in 1 contract

Samples: Indenture (Citicorp)

Acceptance by Successor Trustee. Any successor trustee Trustee appointed as provided in Section 7.10 6.9 shall execute, acknowledge and deliver to the Company and to its predecessor trustee Trustee an instrument accepting such appointment hereunder, and thereupon the resignation or removal of the predecessor trustee with respect to all or any applicable series retiring Trustee shall become effective and such successor trusteeTrustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, duties and obligations with respect to such series the Debentures of its predecessor hereunder, with like effect as if originally named as trustee Trustee herein; but, nevertheless, on the written request of the Company or of the successor trusteeTrustee, the predecessor trustee Trustee ceasing to act shall, upon payment of any amounts then due it pursuant to the provisions of Section 7.066.6, execute and deliver an instrument transferring to such successor trustee Trustee all the rights and powers of the predecessor trusteeTrustee so ceasing to act and shall duly assign, except as provided in Section 7.06 hereoftransfer and deliver to such successor Trustee all property and money held by such retiring Trustee thereunder. Upon request of any such successor trusteeTrustee, the Company shall execute any and all instruments in writing in order for more fully and certainly to vest vesting in and confirm confirming to such successor trustee Trustee all such rights and powers. Any trustee, including the initial Trustee, Trustee ceasing to act shall, nevertheless, retain a lien upon all property or funds held or collected by such trustee Trustee to secure any amounts then due .due it pursuant to the provisions of Section 7.06 and shall also retain its rights under Section 7.06 hereof6.6. In case of the appointment hereunder of If a successor trustee with respect to the Securities of one or more (but not all) seriesTrustee is appointed, the Company, the predecessor retiring Trustee and each the successor trustee with respect to the Securities of any applicable series Trustee shall execute and deliver an indenture supplemental hereto which shall contain such provisions as shall be deemed necessary or desirable to confirm that all the rights, powers, trusts and duties of the predecessor retiring Trustee with respect to the Securities of any series Debentures as to which the predecessor Trustee is not retiring shall continue to be vested in the predecessor Trustee, and shall add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts Trust hereunder by more than one trusteeTrustee, it being understood that nothing herein or in such supplemental indenture shall constitute such trustees Trustees co-trustees of the same trust and that each such trustee Trustee shall be trustee Trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered by any other such trusteeTrustee. No successor trustee Trustee shall accept appointment as provided in this Section unless at the time of such acceptance such successor trustee Trustee shall be qualified and eligible under the provisions of this Article 7Section 6.8. In no event shall a retiring Trustee be liable for the acts or omissions of any successor Trustee hereunder. Upon acceptance of appointment by a successor trustee Trustee as provided in this SectionSection 6.10, the Company shall mail notice of the succession of such trustee Trustee hereunder to all the holders of the Securities of any applicable series Debentures at their addresses as the names and addresses of such holders they shall appear on the registry booksDebenture Register. If the Company fails to mail such notice in the prescribed manner within 10 days Business Days after the acceptance of appointment by the successor trusteeTrustee, the successor trustee Trustee shall cause such notice to be so mailed at the expense of the Company.

Appears in 1 contract

Samples: Tib Financial Corp.

Acceptance by Successor Trustee. Any successor trustee appointed as provided in Section 7.10 8.10 shall execute, acknowledge and deliver to the Company and to its predecessor trustee an instrument accepting such appointment hereunder, and thereupon the resignation or removal of the predecessor trustee with respect to all or any applicable series shall become effective and such successor trustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, duties and obligations with respect to such series of its predecessor hereunder, with like effect as if originally named as trustee herein; but, nevertheless, on the written request of the Company or of the successor trustee, the predecessor trustee ceasing to act shall, upon payment of any amounts then due it pursuant to the provisions of Section 7.068.06, execute and deliver an instrument transferring to such successor trustee all the rights and powers of the predecessor trustee, except as provided in Section 7.06 hereoftrustee so ceasing to act. Upon request of any such successor trustee, the Company shall execute any and all instruments in writing in order for more fully and certainly to vest vesting in and confirm confirming to such successor trustee all such rights and powers. Any trustee, including the initial Trustee, trustee ceasing to act shall, nevertheless, retain a lien claim upon all property or funds held or collected by such trustee to secure any amounts then due it pursuant to the provisions of Section 7.06 and shall also retain its rights under Section 7.06 hereof8.06. In case of the appointment hereunder of If a successor trustee is appointed with respect to the Securities of one or more (but not all) series, the Company, the predecessor Trustee and each successor trustee with respect to the Securities of any applicable series shall execute and deliver an indenture supplemental hereto which shall contain such provisions as shall be deemed necessary or desirable to confirm that all the rights, powers, trusts and duties of the predecessor Trustee with respect to the Securities of any series as to which the predecessor Trustee is not retiring shall continue to be vested in the predecessor Trustee, and shall add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts trust hereunder by more provided than one trustee, it being understood that nothing herein or in such supplemental indenture shall constitute such trustees co-trustees of the same trust and that each such trustee shall be trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered by any other such trustee. No successor trustee shall accept appointment as provided in this Section 8.11 unless at the time of such acceptance such successor trustee shall be qualified under the provisions of Section 8.08 and eligible under the provisions of this Article 7Section 8.09. Upon acceptance of appointment by a successor trustee as provided in this SectionSection 8.11, the Company shall mail notice of the succession of such trustee hereunder to all the holders of the Securities of any applicable series at their addresses as the names and addresses of such holders they shall appear on the registry booksSecurities register. If the Company fails to mail such notice in the prescribed manner within 10 ten days after the acceptance of appointment by the successor trustee, the successor trustee shall cause such notice to be so mailed at the expense of the Company.

Appears in 1 contract

Samples: Masco Corp /De/

Acceptance by Successor Trustee. Any successor trustee Trustee appointed as provided in Section 7.10 6.09 shall execute, acknowledge and deliver to the Company and to its predecessor trustee Trustee an instrument accepting such appointment hereunder, and thereupon the resignation or removal of the predecessor trustee with respect to all or any applicable series retiring Trustee shall become effective and such successor trusteeTrustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, duties and obligations with respect to such series the Debt Securities of its predecessor hereunder, with like effect as if originally named as trustee Trustee herein; but, nevertheless, on the written request of the Company or of the successor trusteeTrustee, the predecessor trustee Trustee ceasing to act shall, upon payment of any amounts then due it pursuant to the provisions of Section 7.066.06, execute and deliver an instrument transferring to such successor trustee Trustee all the rights and powers of the predecessor trusteeTrustee so ceasing to act and shall duly assign, except as provided in Section 7.06 hereoftransfer and deliver to such successor Trustee all property and money held by such retiring Trustee thereunder. Upon reasonable request of any such successor trusteeTrustee, the Company shall execute any and all instruments in writing in order for more fully and certainly to vest vesting in and confirm confirming to such successor trustee Trustee all such rights and powers. Any trustee, including the initial Trustee, Trustee ceasing to act shall, nevertheless, retain a lien upon all property or funds held or collected by such trustee Trustee to secure any amounts then due it pursuant to the provisions of Section 7.06 and shall also retain its rights under Section 7.06 hereof6.06. In case of the appointment hereunder of If a successor trustee with respect to the Securities of one or more (but not all) seriesTrustee is appointed, the Company, the predecessor retiring Trustee and each the successor trustee with respect to the Securities of any applicable series Trustee shall execute and deliver an indenture supplemental hereto which shall contain such provisions as shall be deemed necessary or desirable to confirm that all the rights, powers, trusts and duties of the predecessor retiring Trustee with respect to the Debt Securities of any series as to which the predecessor Trustee is not retiring shall continue to be vested in the predecessor Trustee, and shall add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the 45 administration of the trusts Trust hereunder by more than one trusteeTrustee, it being understood that nothing herein or in such supplemental indenture shall constitute such trustees Trustees co-trustees of the same trust and that each such trustee Trustee shall be trustee Trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered by any other such trusteeTrustee. No successor trustee Trustee shall accept appointment as provided in this Section unless at the time of such acceptance such successor trustee Trustee shall be qualified and eligible under the provisions of this Article 7Section 6.08. In no event shall a retiring Trustee be liable for the acts or omissions of any successor Trustee hereunder. Upon acceptance of appointment by a successor trustee Trustee as provided in this SectionSection 6.10, the Company shall mail notice of the succession of such trustee Trustee hereunder to all holders of the Securities of any applicable series Securityholders at their addresses as the names and addresses of such holders they shall appear on the registry booksDebt Security Register. If the Company fails to mail such notice in the prescribed manner within 10 days Business Days after the acceptance of appointment by the successor trusteeTrustee, the successor trustee Trustee shall cause such notice to be so mailed at the expense of the Company.

Appears in 1 contract

Samples: Indenture (Flagstar Bancorp Inc)

Acceptance by Successor Trustee. Any successor trustee appointed as provided in Section 7.10 shall execute, acknowledge and deliver to the Company and to its predecessor trustee an instrument accepting such appointment hereunder, and thereupon the resignation or removal of the predecessor trustee with respect to all or any applicable series shall become effective and such successor trustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, duties and obligations with respect to such series of its predecessor hereunder, with like effect as if originally named as trustee herein; but, nevertheless, on the written request of the Company or of the successor trustee, the predecessor trustee shall, upon payment of any amounts then due it pursuant to the provisions of Section 7.06, execute and deliver an instrument transferring to such successor trustee all the rights and powers of the predecessor trustee, except as provided in Section 7.06 hereof. Upon request of any such successor trustee, the Company shall execute any and all instruments in writing in order more fully and certainly to vest in and confirm to such successor trustee all such rights and powers. Any trustee, including the initial Trustee, ceasing to act shall, nevertheless, retain a lien upon all property or funds held or collected by such trustee to secure any amounts then due it pursuant to the provisions of Section 7.06 and shall also retain its rights under Section 7.06 hereof7.06. In case of the appointment hereunder of a successor trustee with respect to the Securities of one or more (but not all) series, the Company, the predecessor Trustee and each successor trustee with respect to the Securities of any applicable series shall execute and deliver an indenture supplemental hereto which shall contain such provisions as shall be deemed necessary or desirable to confirm that all the rights, powers, trusts and duties of the predecessor Trustee with respect to the Securities of any series as to which the predecessor Trustee is not retiring shall continue to be vested in the predecessor Trustee, and shall add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one trustee, it being understood that nothing herein or in such supplemental indenture shall constitute such trustees co-trustees of the same trust and that each such trustee shall be trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered by any other such trustee and that no trustee will be responsible for any notice given to, or received by, or any act or failure to act on the part of any other trustee hereunder, and, upon the execution and delivery of such supplemental indenture, the resignation or removal of the retiring trustee will become effective to the extent provided therein, such retiring trustee will have no further responsibility for the exercise of rights and powers or for the performance of the duties and obligations vested in the Trustee under this Indenture with respect to the Securities other than as hereinafter expressly set forth, and such successor trustee, without any further act, deed or conveyance, will become vested with all the rights, powers, trusts and duties of the retiring trustee with respect to the Securities; but, on request of the Company or such successor trustee, such retiring trustee, upon payment of its charges with respect to the Securities and subject to Section 12.02 will duly assign, transfer and deliver to such successor trustee, to the extent contemplated by such supplemental indenture, the property and money held by such retiring trustee hereunder with respect to the Securities, subject to its claim, if any, provided for in Section 7.06. No successor trustee shall accept appointment as provided in this Section unless at the time of such acceptance such successor trustee shall be qualified and eligible under the provisions of this Article 7. Upon acceptance of appointment by a successor trustee as provided in this Section, the Company shall mail notice of the succession of such trustee hereunder to all holders of the Securities of any applicable series as the names and addresses of such holders shall appear on the registry books. If the Company fails to mail such notice in the prescribed manner within 10 ten days after the acceptance of appointment by the successor trustee, the successor trustee shall cause such notice to be so mailed at the expense of the Company.

Appears in 1 contract

Samples: Indenture (Amalgamated Financial Corp.)

Acceptance by Successor Trustee. Any successor trustee appointed as provided in Section 7.10 shall execute, acknowledge and deliver to the Company and to its predecessor trustee an instrument accepting such appointment hereunder, and thereupon the resignation or removal of the predecessor trustee with respect to all or any applicable series or Tranches shall become effective and such successor trustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, duties and obligations with respect to such series of its predecessor hereunder, with like effect as if originally named as trustee Trustee herein; but, nevertheless, on the written request of the Company or of the successor trustee, the predecessor trustee ceasing to act shall, upon payment of any amounts then due it pursuant to the provisions of Section 7.06, execute and deliver an instrument transferring to such successor trustee all the rights and powers of the predecessor trustee, except as provided in Section 7.06 hereoftrustee so ceasing to act. Upon request of any such successor trustee, the Company shall execute any and all instruments in writing in order more fully and certainly to vest in and confirm to such successor trustee all such rights and powers. Any trustee, including the initial Trustee, trustee ceasing to act shall, nevertheless, retain a remain the beneficiary of the lien upon all property or funds held or collected by such trustee to secure any amounts then due it of the Trustee pursuant to the provisions of Section 7.06 and shall also retain its rights under Section 7.06 hereof7.06. In case of the appointment hereunder of a successor trustee with respect to the Securities Notes of one or more (but not all) series or Tranches of a series, the Company, the predecessor Trustee and each successor trustee with respect to the Securities Notes of any applicable series or Tranche shall execute and deliver an indenture supplemental hereto which shall contain such provisions as shall be deemed necessary or desirable to confirm that all the rights, powers, trusts and duties of the predecessor Trustee with respect to the Securities Notes of any series or Tranche as to which the predecessor Trustee is not retiring shall continue to be vested in the predecessor Trustee, and shall add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one trustee, it being understood that nothing herein or in such supplemental indenture shall constitute such trustees co-trustees of the same trust and that each such trustee shall be trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered by any other such trustee. The Trustee shall not be liable for the acts or omissions of any successor trustee. No successor trustee shall accept appointment as provided in this Section unless at the time of such acceptance such successor trustee shall be qualified under the provisions of Section 7.08 and eligible under the provisions of this Article 7Section 7.09. Upon acceptance of appointment by a successor trustee as provided in this Section, the Company shall mail give notice of the succession of such trustee hereunder to all holders of the Securities Notes of any applicable series as or Tranche in the names and addresses of such holders shall appear on the registry booksmanner provided in Section 1.02. If the Company fails to mail give such notice in the prescribed manner within 10 ten days after the acceptance of appointment by the successor trustee, the successor trustee shall cause such notice to be so mailed given at the expense of the Company.

Appears in 1 contract

Samples: Hancock John Life Insurance Co

Acceptance by Successor Trustee. Any successor trustee Trustee with respect to all series of Securities appointed as provided in Section 7.10 shall execute, acknowledge and deliver to the Company Corporation and to its predecessor trustee Trustee an instrument accepting such appointment hereunder, and thereupon the resignation or removal of the predecessor trustee Trustee with respect to all or any applicable series shall become effective and such successor trusteeTrustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, trusts and duties and obligations with respect to such series of its predecessor hereunder, with like effect as if originally named as trustee Trustee herein; but, nevertheless, on the written request of the Company Corporation or of the successor trusteeTrustee, the predecessor trustee Trustee ceasing to act shall, upon payment of any amounts then due it pursuant to the provisions of Section 7.067.6, execute and deliver an instrument transferring to such successor trustee Trustee all the rights and powers with respect to such series of the predecessor trustee, except as provided in Section 7.06 hereofTrustee so ceasing to act. Upon the request of any such successor trusteeTrustee, the Company Corporation shall execute any and all instruments in writing in order for more fully and certainly to vest vesting in and confirm confirming to such successor trustee Trustee all such rights and powers. Any trustee, including the initial Trustee, Trustee ceasing to act shall, nevertheless, retain a lien upon all property or funds held or collected by such trustee Trustee or any successor Trustee to secure any amounts then due it pursuant to the provisions of Section 7.06 and shall also retain its rights under Section 7.06 hereof7.6. In case of the appointment hereunder of a successor trustee Trustee with respect to the Securities of one or more (but not all) series, the CompanyCorporation, the predecessor retiring Trustee and each successor trustee Trustee with respect to the Securities of any applicable such series shall execute and deliver an indenture supplemental hereto wherein each successor Trustee shall accept such appointment and which (1) shall contain such provisions as shall be necessary or desirable to transfer and confirm to, and to vest in, each successor Trustee all the rights, powers, trusts and duties of the retiring Trustee with respect to the Securities of such series to which the appointment of such successor Trustee relates, (2) if the retiring Trustee is not retiring with respect to all Securities, shall contain such provisions as shall be deemed necessary or desirable to confirm that all the rights, powers, trusts and duties of the predecessor retiring Trustee with respect to the Securities of any such series as to which the predecessor retiring Trustee is not retiring shall continue to be vested in the predecessor retiring Trustee, and (3) shall add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one trusteemultiple Trustees, it being understood that nothing herein or in such supplemental indenture shall constitute such trustees Trustees co-trustees Trustees of the same trust and that each such trustee Trustee shall be trustee Trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered by any other such trusteeTrustee; and upon the execution and delivery of such supplemental indenture the resignation or removal of the retiring Trustee shall become effective to the extent provided therein and each such successor Trustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, trusts and duties of the retiring Trustee with respect to the Securities of such series to which the appointment of such successor Trustee relates; but, on written request of the Corporation or any successor Trustee, such retiring Trustee shall duly assign, transfer and deliver to such successor Trustee all property and money held by such retiring Trustee hereunder with respect to the Securities of such series to which the appointment of such successor Trustee relates. No successor trustee Trustee shall accept appointment as provided in this Section unless at the time of such acceptance such successor trustee Trustee shall be qualified under the provisions of Section 7.8 and eligible under the provisions of this Article 7Section 7.9. Upon acceptance of appointment by a successor trustee Trustee as provided in this Section, the Company successor Trustee shall mail at the expense of the Corporation transmit notice of the succession of such trustee Trustee hereunder to all the holders of the Securities of any applicable series as the names and addresses of such holders shall appear on the registry books. If the Company fails to mail such notice in the prescribed manner within 10 days after and to the acceptance extent provided in subsection (c) of appointment by the successor trustee, the successor trustee shall cause such notice Section 5.4 with respect to be so mailed at the expense reports pursuant to subsection (a) of the Companysaid Section 5.4.

Appears in 1 contract

Samples: And (Algonquin Power & Utilities Corp.)

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