New Trustees Sample Clauses

New Trustees. If any Trustee dies, resigns, refuses or becomes unable to act, the other Trustee will appoint another Trustee to fill the vacancy. The person appointed will become vested with all the duties, powers, and authority of the Trustees as if originally named in this Agreement.
AutoNDA by SimpleDocs
New Trustees. The New Trustees in their capacity as Trustees of the Settlement hereby covenant with the Purchaser that with effect from the date hereof they shall observe and perform all the obligations on the part of the Trustees as trustees of the Settlement contained in the Agreement and (without prejudice thereto) shall adhere to and be bound by the warranties and indemnities contained in the Agreement and all the provisions thereof shall apply to them as if they had been original signatories in place of the Trustees.
New Trustees. The Borrower must procure that any person who becomes a trustee of the Trust (whether in replacement of or in addition to the Borrower) enters into a deed with Rabobank whereby it agrees to perform the obligations identical to those of the Borrower under the Facility Agreement.
New Trustees. The Mortgagor must procure that any person who becomes a trustee of the Trust (whether in replacement of or in addition to the Mortgagor) enters into a deed with the Mortgagee whereby it agrees to perform the obligations of the Mortgagor under this deed.
New Trustees. The Guarantor must procure that any person who becomes a trustee of the Trust (whether in replacement of or in addition to the Guarantor) enters into a deed with PHF whereby it agrees to perform the obligations of the Guarantor under this deed.
New Trustees. 6.8 Guarantor's liability unlimited.....................................
New Trustees. The Mortgagor must procure that any person who becomes a trustee of the Trust (whether in replacement of or in addition to the Mortgagor) enters into a deed with the Mortgagee whereby it agrees to perform the obligations of the Mortgagor under this mortgage. 325 FORM 20 Version 1 XXXXXXXXXX XXXX XXXXXXXX Xxxx Xxxxx Xxx 0000 xxx Land Act 0000 Page 24 of 45 SCHEDULE TITLE REFERENCE 15602076
AutoNDA by SimpleDocs
New Trustees. 21 14.6 Mortgagor's liability unlimited .................................. 21
New Trustees. (a) The statutory power of appointing new Trustees shall apply to the trusts hereby created and shall at all times be vested in the Society.
Time is Money Join Law Insider Premium to draft better contracts faster.