Effect of Trustees Not Serving Sample Clauses

Effect of Trustees Not Serving. The death, resignation, retirement, removal, incapacity or inability or refusal to serve of the Trustees, or any one of them, shall not operate to annul the Trust or to revoke any existing agency created pursuant to the terms of this Declaration.
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Effect of Trustees Not Serving. 9 Section 5. Powers.................................................................. 9 Section 6. Payment of Expenses by the Trust........................................ 13 Section 7. Ownership of Assets of the Trust........................................ 14 Section 8. Certain Transactions.................................................... 14 Section 9. Trustees and Officers as Shareholders................................... 14 Section 10. Compensation............................................................ 14
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Effect of Trustees Not Serving. 9 Section 9. Trustees, etc. as Shareholders.................................................9
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Effect of Trustees Not Serving. 4 Section 10. Trustees, Etc. as Holders.............................. 4
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Effect of Trustees Not Serving. 11 Section 12.
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Effect of Trustees Not Serving. 4 Section 10 Trustees, etc. as Shareholders.......................... 4 ARTICLE III -- POWERS OF THE TRUSTEES....................................... 5
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Effect of Trustees Not Serving. 7 2.10. Trustees, etc. as Shareholders. . . . . . . . . . . . . . . . . . . 7 2.11. Compensation of the Trustees. . . . . . . . . . . . . . . . . . . . 7 ARTICLE III;
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Related to Effect of Trustees Not Serving

  • Replacement of Trustee A resignation or removal of the Trustee and appointment of a successor Trustee shall become effective only upon the successor Trustee's acceptance of appointment as provided in this Section. The Trustee may resign in writing at any time and be discharged from the trust hereby created by so notifying the Company. The Holders of Notes of a majority in principal amount of the then outstanding Notes may remove the Trustee by so notifying the Trustee and the Company in writing. The Company may remove the Trustee if:

  • Vacancies; Appointment of Trustees Whenever a vacancy shall exist in the Board of Trustees, regardless of the reason for such vacancy, the remaining Trustees shall appoint any person as they determine in their sole discretion to fill that vacancy, consistent with the limitations under the 1940 Act. Such appointment shall be made by a written instrument signed by a majority of the Trustees or by a resolution of the Trustees, duly adopted and recorded in the records of the Trust, specifying the effective date of the appointment. The Trustees may appoint a new Trustee as provided above in anticipation of a vacancy expected to occur because of the retirement, resignation or removal of a Trustee, or an increase in number of Trustees, provided that such appointment shall become effective only at or after the expected vacancy occurs. As soon as any such Trustee has accepted his appointment in writing, the trust estate shall vest in the new Trustee, together with the continuing Trustees, without any further act or conveyance, and he shall be deemed a Trustee hereunder. The Trustees' power of appointment is subject to Section 16(a) of the 1940 Act. Whenever a vacancy in the number of Trustees shall occur, until such vacancy is filled as provided in this Article II, the Trustees in office, regardless of their number, shall have all the powers granted to the Trustees and shall discharge all the duties imposed upon the Trustees by the Declaration. The death, declination to serve, resignation, retirement, removal or incapacity of one or more Trustees, or all of them, shall not operate to annul the Trust or to revoke any existing agency created pursuant to the terms of this Declaration of Trust.

  • Rights of Trustee (a) The Trustee may conclusively rely upon any document believed by it to be genuine and to have been signed or presented by the proper Person. The Trustee need not investigate any fact or matter stated in the document.

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