Appointments to Fill Vacancies in Trustee’s Office Clause Samples
The 'Appointments to Fill Vacancies in Trustee’s Office' clause defines the process for selecting a new trustee when a vacancy arises, whether due to resignation, removal, incapacity, or death. Typically, this clause outlines who has the authority to appoint a replacement, such as remaining trustees, beneficiaries, or a designated third party, and may specify any qualifications or procedures required for the appointment. Its core function is to ensure continuity in trust administration by providing a clear and orderly method for filling trustee vacancies, thereby preventing disruptions or uncertainty in the management of the trust.
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Appointments to Fill Vacancies in Trustee’s Office. The Company, whenever necessary to avoid or fill a vacancy in the office of Trustee, will appoint, in the manner provided in Section 7.09, a Trustee, so that there shall at all times be a Trustee hereunder.
Appointments to Fill Vacancies in Trustee’s Office. The Issuer, whenever necessary to avoid or fill a vacancy in the office of the Trustee, will appoint, in the manner provided in Section 6.10, a Trustee, so that there shall at all times be a Trustee hereunder.
Appointments to Fill Vacancies in Trustee’s Office. The Company, whenever necessary to avoid or fill a vacancy in the office of Trustee, will appoint, in the manner provided in Section 6.9, a Trustee, so that there shall at all times be a Trustee hereunder.
Appointments to Fill Vacancies in Trustee’s Office. The Issuer and the Guarantors, whenever necessary to avoid or fill a vacancy in the office of Trustee, will appoint, upon the terms and conditions and otherwise as provided in Section 7.10, a Trustee, so that there shall at all times be a Trustee hereunder.
Appointments to Fill Vacancies in Trustee’s Office. The Issuer, whenever necessary to avoid or fill a vacancy in the office of Trustee, will appoint, upon the terms and conditions and otherwise as provided in Section 608, a Trustee, so that there shall at all times be a Trustee hereunder.
Appointments to Fill Vacancies in Trustee’s Office. The Company, whenever necessary to avoid or fill a vacancy in the offices of either Trustee, will appoint, in the manner provided in Section 7.09(a), applicable Trustees, so that there shall at all times be a U.S. Trustee and, if required by Canadian securities laws or by Canadian corporate law, a Canadian Trustee hereunder.
Appointments to Fill Vacancies in Trustee’s Office. The Issuer, whenever necessary to avoid or fill a vacancy in the office of Trustee, will appoint, in the manner provided in Section 7.08, a Trustee, so that there shall at all times be a Trustee hereunder. If for any reason the Mexican Trustee resigns or is removed, the Issuer shall take all actions to appoint a new Mexican trustee so that there shall at all times be a Mexican banking institution acting as Mexican Trustee hereunder and for the purposes of the duties of the Mexican Trustee set forth herein.
Appointments to Fill Vacancies in Trustee’s Office. 27 Section 4.04. Provisions as to Paying Agent 27 Section 4.05. Existence 28
Appointments to Fill Vacancies in Trustee’s Office. The Issuer, whenever necessary to avoid or fill a vacancy in the office of Trustee or Co-Trustee, will appoint, in the manner provided in Section 7.09, a Trustee or Co-Trustee, so that there shall at all times be a Trustee and a Co-Trustee hereunder. The appointment of any such entity located and operating in the State of Israel shall be in accordance with the applicable provisions of the Securities Law.
Appointments to Fill Vacancies in Trustee’s Office. Section 5.04.