Common use of APPOINTMENT OF CO-GRANTOR TRUSTEE OR SEPARATE GRANTOR TRUSTEE Clause in Contracts

APPOINTMENT OF CO-GRANTOR TRUSTEE OR SEPARATE GRANTOR TRUSTEE. (a) Notwithstanding any other provisions hereof, at any time, for the purpose of meeting any legal requirements of any jurisdiction in which any part of the Grantor Trust or property securing the same may at the time be located, the Master Servicer and the Grantor Trustee acting jointly shall have the power and shall execute and deliver all instruments to appoint one or more Persons approved by the Grantor Trustee to act as co-Grantor Trustee or co-Grantor Trustees, jointly with the Grantor Trustee, or separate Grantor Trustee or separate Grantor Trustees, of all or any part of the Grantor Trust, and to vest in such Person or Persons, in such capacity, such title to the Grantor Trust, or any part thereof, and, subject to the other provisions of this Section 6.09, such powers, duties, obligations, rights and trusts as the Master Servicer and the Grantor Trustee may consider necessary or desirable. If the Master Servicer shall not have joined in such appointment within 15 days after the receipt by it of a request so to do, or in case an Event of Default shall have occurred and be continuing, the Grantor Trustee alone shall have the power to make such appointment. No co-Grantor Trustee or separate Grantor Trustee hereunder shall be required to meet the terms of eligibility as a successor Grantor Trustee under Section 6.05 hereunder and no notice to the Holder of the Grantor Trust Certificate of the appointment of co-Grantor Trustee(s) or separate Grantor Trustee(s) shall be required under Section 6.07 hereof.

APPOINTMENT OF CO-GRANTOR TRUSTEE OR SEPARATE GRANTOR TRUSTEE. (a) Notwithstanding any other provisions hereof, at any time, for the purpose of meeting any legal requirements of any jurisdiction in which any part of the Grantor Trust or property securing the same may at the time be located, the Master Servicer Securities Administrator and the Grantor Trustee acting jointly shall have the power and shall execute and deliver all instruments to appoint one or more Persons approved by the Grantor Trustee to act as co-Grantor Trustee or co-Grantor Trustees, jointly with the Grantor Trustee, or separate Grantor Trustee or separate Grantor Trustees, of all or any part of the Grantor Trust, and to vest in such Person or Persons, in such capacity, such title to the Grantor Trust, or any part thereof, and, subject to the other provisions of this Section 6.09, such powers, duties, obligations, rights and trusts as the Master Servicer Securities Administrator and the Grantor Trustee may consider necessary or desirable. If the Master Servicer Securities Administrator shall not have joined in such appointment within 15 days after the receipt by it of a request so to do, or in case an Event of Default shall have occurred and be continuing, the Grantor Trustee alone shall have the power to make such appointment. No co-Grantor Trustee or separate Grantor Trustee hereunder shall be required to meet the terms of eligibility as a successor Grantor Trustee under Section 6.05 hereunder and no notice to the Holder of the Grantor Trust Certificate of the appointment of co-Grantor Trustee(s) or separate Grantor Trustee(s) shall be required under Section 6.07 hereof.

APPOINTMENT OF CO-GRANTOR TRUSTEE OR SEPARATE GRANTOR TRUSTEE. (a) Notwithstanding any other provisions hereof, at any time, for the purpose of meeting any legal requirements of any jurisdiction in which any part of the Grantor Trust Fund or property securing the same may at the time be located, the Master Servicer and the Grantor Trustee acting jointly shall have the power and shall execute and deliver all instruments to appoint one or more Persons approved by the Grantor Trustee to act as co-Grantor Trustee or co-Grantor Trustees, jointly with the Grantor Trustee, or separate Grantor Trustee or separate Grantor Trustees, of all or any part of the Grantor TrustTrust Fund, and to vest in such Person or Persons, in such capacity, such title to the Grantor TrustTrust Fund, or any part thereof, and, subject to the other provisions of this Section 6.09, such powers, duties, obligations, rights and trusts as the Master Servicer and the Grantor Trustee may consider necessary or desirable. If the Master Servicer shall not have joined in such appointment within 15 days after the receipt by it of a request so to do, or in case an Event of Default shall have occurred and be continuing, the Grantor Trustee alone shall have the power to make such appointment. No co-Grantor Trustee or separate Grantor Trustee hereunder shall be required to meet the terms of eligibility as a successor Grantor Trustee under Section 6.05 hereunder and no notice to the Holder of the Grantor Trust Certificate of the appointment of co-Grantor Trustee(s) or separate Grantor Trustee(s) shall be required under Section 6.07 hereof.

APPOINTMENT OF CO-GRANTOR TRUSTEE OR SEPARATE GRANTOR TRUSTEE. (a) Notwithstanding any other provisions hereofof this Agreement, at any time, for the purpose of meeting any legal requirements of any jurisdiction in which any part of the Grantor Trust Estate or property securing the same Property may at the time be located, the Master Servicer and the Grantor Trustee acting jointly shall have the power and shall execute and deliver all instruments to appoint one or more Persons approved by the Grantor Trustee and reasonably acceptable to the Certificate Insurer to act as co-Grantor Trustee or co-Grantor Trustees, jointly with the Grantor Trustee, of all or any part of the Trust Estate or separate Grantor Trustee or separate Grantor Trustees, Trustees of all or any part of the Grantor TrustTrust Estate, and to vest in such Person or Persons, in such capacitycapacity and for the benefit of the Owners, such title to the Grantor TrustTrust Estate, or any part thereof, and, subject to the other provisions of this Section 6.0910.14, such powers, duties, obligations, rights and trusts as the Master Servicer and the Grantor Trustee may consider necessary or desirable. If the Master Servicer shall not have joined in such appointment within 15 days after the receipt by it of a request so to do, or in the case an Event of Default any event indicated in Section 8.20(a) shall have occurred and be continuing, the Grantor Trustee subject to reasonable approval of the Certificate Insurer alone shall have the power to make such appointment. No co-Grantor Trustee or separate Grantor Trustee hereunder shall be required to meet the terms of eligibility as a successor Grantor Trustee under Section 6.05 hereunder 10.08 and no notice to the Holder of the Grantor Trust Certificate Owners of the appointment of any co-Grantor Trustee(s) Trustee or separate Grantor Trustee(s) Trustee shall be required under Section 6.07 hereof.10.09. Every separate Grantor Trustee and co-Grantor Trustee shall, to the extent permitted, be appointed and act subject to the following provisions and conditions:

APPOINTMENT OF CO-GRANTOR TRUSTEE OR SEPARATE GRANTOR TRUSTEE. (a) Notwithstanding any other provisions hereofof this Agreement, at any time, for the purpose of meeting any legal requirements of any jurisdiction in which any part of the Grantor Trust Estate or property securing the same Property may at the time be located, the Master Servicer and the Grantor Trustee acting jointly shall have the power and shall execute and deliver all instruments to appoint one or more Persons approved by the Grantor Trustee to act as co-Grantor Trustee or co-Grantor Trustees, jointly with the Grantor Trustee, of all or any part of the Trust Estate or separate Grantor Trustee or separate Grantor Trustees, Trustees of all or any part of the Grantor TrustTrust Estate, and to vest in such Person or Persons, in such capacitycapacity and for the benefit of the Holders, such title to the Grantor TrustTrust Estate, or any part thereof, and, subject to the other provisions of this Section 6.0910.11, such powers, duties, obligations, rights and trusts as the Master Servicer and the Grantor Trustee may consider necessary or desirable. If the Master Servicer shall not have joined in such appointment within 15 days after the receipt by it of a request so to do, or in case an Event of Default shall have occurred and be continuing, the Grantor Trustee alone shall have the power to make such appointment. No co-Grantor Trustee or separate Grantor Trustee hereunder shall be required to meet the terms of eligibility as a successor Grantor Trustee under Section 6.05 hereunder 10.06 and no notice to the Holder of the Grantor Trust Certificate Holders of the appointment of any co-Grantor Trustee(s) Trustee or separate Grantor Trustee(s) Trustee shall be required under Section 6.07 hereof.10.07. Every separate Grantor Trustee and co-Grantor Trustee shall, to the extent permitted, be appointed and act subject to the following provisions and conditions: