APPOINTMENT AND REMOVAL OF TRUSTEE. Northmont does hereby represent and warrant to the Buyer that the Trustee was appointed as trustee for the purposes set forth in this Agreement. The Trustee shall remain as trustee until the Trustee has resigned or its services have been terminated as provided for herein. The Trustee may be removed at the written request of the Owners that have in total not less than fifty-one per cent (51%) of the Proportionate Share. In the event of the resignation or termination of the Trustee as provided for herein, Northmont shall appoint in the stead of the Trustee a trustee acceptable to the Superintendent of Real Estate for the Province of British Columbia and shall require the Trustee to transfer all assets and records and accounts to such replacement trustee so as to enable such new trustee to carry on in the place and stead of the Trustee.
APPOINTMENT AND REMOVAL OF TRUSTEE