Change of Situs. The situs of the Trust created hereunder initially shall be Delaware. The situs of the Trust may be maintained in any jurisdiction within the United States, in the discretion of the Trustees, and thereafter may be changed at any time or times to any jurisdiction within the United States selected by the Trustees. Upon any such change of situs, the Trust may thereafter, at the election of the Trustees, be administered and operated exclusively under the laws of (and subject, as required, to the exclusive supervision of the courts of) the jurisdiction to which it has been transferred. Accordingly, if the Trustees of the Trust created hereunder elect to change the situs of the Trust, said Trustees are hereby relieved of any requirement of having to qualify in any other jurisdiction and of any requirement of having to account in any court of such other jurisdiction.
Change of Situs. (a) Pursuant to Section 6.4(g) of the Trust Agreement and in order to effectuate the purpose and intent of, and in compliance with, the Trust, the Trustees and the Settlors hereby agree and declare that the Trust and the Trust Agreement shall from the date hereof be governed, construed and regulated by the laws of the State of Maryland.
Change of Situs. To transfer the situs of any trust from the -------------------------- State of Minnesota (or such other jurisdiction that is then the situs of such trust) to any other jurisdiction, as the trustee other than any issue of mine deems advisable; and
Change of Situs. (a) Pursuant to Section 6.4(g) of the Trust Agreement and in order to effectuate the purpose and intent of, and in compliance with, the Trust, the Trustees and the Settlor hereby agree and declare that the Trust and the Trust Agreement shall from the date hereof be governed, construed and regulated by the laws of England.
Change of Situs. The situs of the property of any trust created hereunder may be maintained in any jurisdiction, in the discretion of the Trustees (other than an Interested Trustee), and thereafter transferred at any time or times to any jurisdiction selected by the Trustees (other than an Interested Trustee). Upon any such transfer of situs, the trust estate of that trust may thereafter, at the election of the Trustees (other than an Interested Trustee) of said trust, be administered exclusively under the laws of (and subject, as required, to the exclusive supervision of the courts of) the jurisdiction to which it has been transferred. Accordingly, if the Trustees (other than an Interested Trustee) of any trust created hereunder elect to change the situs of any such trust, said Trustees are hereby relieved of any requirement of having to qualify in any other jurisdiction and of any requirement of having to account in any court of such other jurisdiction.
Change of Situs. The Owner Participant agrees that if, at any time, the Trust Estate or the Owner Trustee becomes subject to any Taxes for which it is indemnified pursuant to Section 8.2 hereof and if, as a consequence thereof, the Lessee should request that the situs of the Trust be moved to another state in the United States from the state in which it is then located, the Owner Participant can waive such indemnities or, subject to satisfaction of the conditions set forth below, the situs of the Trust shall be moved, and the Owner Participant will take whatever action may be reasonably requested to accomplish such removal; provided further, however, that no such change in situs shall be required unless (i) the Lessee shall provide such additional tax indemnification as the Owner Participant may reasonably request for new risks arising from such change, (ii) the rights and obligations under the Operative Documents of the Owner Participant shall not be altered as a result of the taking of such action and such action shall not, in the reasonable opinion of the Owner Participant, have an adverse effect (for which the Owner Participant is not otherwise indemnified under the Operative Documents) on the Owner Participant; (iii) the Lien of the Security Documents and the priority of such Lien on the Estate shall not be adversely affected by such action and such action would not result in a Default or an Event of Default; (iv) no Lease Event of Default or Special Default has occurred and is continuing and such action will not result in a Lease Default or Lease Event of Default; (v) the Owner Trustee, the Owner Participant, the Pass Through Trustee and the Indenture Trustee shall have received an opinion or opinions of counsel in scope, form and substance reasonably satisfactory to such Persons to the effect that (A) the Trust, as thus removed, shall remain a validly established Trust, (B) any amendments to the Trust Agreement necessitated by such removal shall have been duly authorized, executed and delivered by the parties thereto and shall constitute the valid and binding obligations of such parties, enforceable in accordance with their terms (subject to customary qualifications, conditions, assumptions and limitations), and
Change of Situs. The Trustee may[, with the written consent of the Trust Protector if a Trust Protector is then serving,] change the situs of this trust (and to the extent necessary or appropriate, move the trust assets) to a state or country other than the one in which the trust is then administered, if the Trustee believes it to be in the best interests of the trust or the beneficiaries. The Trustee may elect that the law of such other jurisdiction shall govern the trust to the extent necessary or appropriate under the circumstances.
