Common use of Appointment and Retirement Clause in Contracts

Appointment and Retirement. 2.1 The Retiring Trustee hereby appoints the New Trustee to act as co-trustee in respect of the Funding 1 Deed of Charge to take effect on the Effective Date. Funding 1 confirms and consents to such appointment.

Appointment and Retirement. 2.1 The Retiring Trustee hereby appoints the New Trustee to act as co-trustee in respect of the Funding 1 Issuer Deed of Charge to take effect on the Effective Date. Funding 1 The Issuer confirms and consents to such appointment.