Change of Funding Security Trustee Sample Clauses

Change of Funding Security Trustee. 19.1 If there is any change in the identity of any Funding Security Trustee in accordance with the Funding 1 Deed of Charge and/or the relevant Further Funding Company Deed of Charge, the Seller, the Mortgages Trustee and/or the relevant Funding Company shall execute such documents and take such action as the successor Funding Security Trustee and the outgoing Funding Security Trustee may reasonably require for the purpose of vesting in the successor Funding Security Trustee the rights and obligations of the outgoing Funding Security Trustee hereunder and releasing the outgoing Funding Security Trustee from its future obligations under this Agreement and the Seller shall give notice thereof to the Rating Agencies.
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Change of Funding Security Trustee. In the event that there is any change in the identity of any Funding Security Trustee, or an additional Funding Security Trustee is appointed in accordance with the Funding 1 Deed of Charge and/or the relevant Further Funding Company Deed of Charge, the Cash Manager shall execute such documents with any other parties to this Agreement and take such actions as such new Funding Security Trustee may reasonably require for the purposes of vesting in such new Funding Security Trustee the rights of the Funding Security Trustee under this Agreement and under the Funding 1 Deed of Charge or the relevant Further Funding Company Deed of Charge and releasing the retiring Funding Security Trustee from further obligations thereunder and while any of the Rated Notes remain outstanding shall give notice thereof to the Rating Agencies.
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Change of Funding Security Trustee. In the event that there is any change in the identity of any Funding Security Trustee or an additional Funding Security Trustee is appointed in accordance with the provisions of the Funding 1 Deed of Charge, the existing Funding Security Trustee, the new Funding Security Trustee or the retiring Funding Security Trustee, as the case may be, the Cash Manager, the Mortgages Trustee and the Mortgages Trustee Account Bank shall execute such documents and take such actions as such of the new Funding Security Trustee and the retiring Funding Security Trustee or, as the case may be, the existing Funding Security Trustee shall agree are reasonably necessary for the purpose of vesting in such new Funding Security Trustee the rights, benefits and obligations of the Funding Security Trustee under this Agreement and releasing the retiring Funding Security Trustee from its future obligations hereunder.
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Change of Funding Security Trustee. 19.1 If there is any change in the identity of the Funding Security Trustee in accordance with the Funding Deed of Charge, the Seller, the Mortgages Trustee and Funding shall execute such documents and take such action as the successor Funding Security Trustee and the outgoing Funding Security Trustee may reasonably require for the purpose of vesting in the successor Funding Security Trustee the rights and obligations of the outgoing Funding Security Trustee hereunder and releasing the outgoing Funding Security Trustee from its future obligations under this Agreement and the Seller shall give notice thereof to the Rating Agencies.
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Related to Change of Funding Security Trustee

  • Appointment of Co-Indenture Trustee or Separate Indenture Trustee (a) Notwithstanding any other provisions of this Indenture, at any time, for the purpose of meeting any legal requirement of any jurisdiction in which any part of the Trust Estate may at the time be located, the Indenture Trustee shall have the power and may execute and deliver all instruments to appoint one or more Persons to act as a co-trustee or co-trustees, or separate trustee or separate trustees, of all or any part of the Trust, and to vest in such Person or Persons, in such capacity and for the benefit of the Noteholders, such title to the Trust Estate, or any part hereof, and, subject to the other provisions of this Section, such powers, duties, obligations, rights and trusts as the Indenture Trustee may consider necessary or desirable. No co-trustee or separate trustee hereunder shall be required to meet the terms of eligibility as a successor trustee under Section 6.11 and no notice to Noteholders of the appointment of any co-trustee or separate trustee shall be required under Section 6.08 hereof.

  • Successor Trustee or Securities Administrator Any successor trustee or successor securities administrator appointed as provided in Section 9.07 of this Agreement shall execute, acknowledge and deliver to the Depositor and its predecessor trustee or predecessor securities administrator an instrument accepting such appointment hereunder, and thereupon the resignation or removal of the predecessor trustee or predecessor securities administrator shall become effective and such successor trustee or successor securities administrator without any further act, deed or conveyance, shall become fully vested with all the rights, powers, duties and obligations of its predecessor hereunder, with the like effect as if originally named as trustee or securities administrator herein. The predecessor trustee or predecessor securities administrator shall deliver to the successor trustee or successor securities administrator all Mortgage Loan Documents and related documents and statements to the extent held by it hereunder, as well as all monies, held by it hereunder, and the Depositor and the predecessor trustee or predecessor securities administrator shall execute and deliver such instruments and do such other things as may reasonably be required for more fully and certainly vesting and confirming in the successor trustee or successor securities administrator all such rights, powers, duties and obligations. No successor trustee or successor securities administrator shall accept appointment as provided in this Section unless at the time of such acceptance such successor trustee or successor securities administrator shall be eligible under the provisions of Section 9.06 and the appointment of such successor trustee or successor securities administrator shall not result in a downgrading of any Class of Certificates by any Rating Agency, as evidenced by a letter from each Rating Agency. Upon acceptance of appointment by a successor trustee or successor securities administrator as provided in this Section, the Depositor shall mail notice of the succession of such trustee hereunder to all Holders of Certificates at their addresses as shown in the Certificate Register. If the Depositor fails to mail such notice within ten (10) days after acceptance of appointment by the successor trustee or successor securities administrator, the successor trustee or successor securities administrator shall cause such notice to be mailed at the expense of the Depositor.

  • Notice to Trustee and Paying Agent; Trustee’s Disclaimer If Special Interest accrues on any Note, then, no later than five (5) Business Days before each date on which such Special Interest is to be paid, the Company will deliver an Officer’s Certificate to the Trustee and the Paying Agent stating (i) that the Company is obligated to pay Special Interest on such Note on such date of payment; and (ii) the amount of such Special Interest that is payable on such date of payment. The Trustee will have no duty to determine whether any Special Interest is payable or the amount thereof.

  • Replacement of Indenture Trustee No resignation or removal of the Indenture Trustee and no appointment of a successor Indenture Trustee shall become effective until the acceptance of appointment by the successor Indenture Trustee pursuant to this Section 6.08. The Indenture Trustee may resign at any time by so notifying the Issuer. The Holders of a majority in Outstanding Amount of the Notes may remove the Indenture Trustee by so notifying the Indenture Trustee and may appoint a successor Indenture Trustee. The Issuer shall remove the Indenture Trustee if:

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