Common use of More than one trustee Clause in Contracts

More than one trustee. Where, as a result of the provisions of this Clause 16, not all Series have the same trustee, the provisions of the relevant Security Documents shall apply in respect of each such trustee as if each were named as a party thereto. If, in respect of any single Series, there are more than two trustees, the majority of them shall be competent to perform the trustee's functions, provided the majority includes a trust corporation.