Co-Trustees The Trustee may, despite Clause 16.1, by notice in writing to the Issuer appoint anyone to act as a separate trustee or as an additional trustee jointly with the Trustee:
Trustees The number of Trustees shall be such number as shall be fixed from time to time by a majority of the Trustees; provided, however, that the number of Trustees shall in no event be less than two (2) nor more than (15). The natural persons who have executed this Agreement shall be the Trustees as of the date hereof.
Successor Trustees Trustee may resign by the giving of notice of such resignation in writing or verbally to Beneficiary. If Trustee shall die, resign or become disqualified from acting in the execution of this trust, or if, for any reason, Beneficiary shall prefer to appoint a substitute trustee or multiple substitute trustees, or successive substitute trustees or successive multiple substitute trustees, to act instead of the aforenamed Trustee, Beneficiary shall have full power to appoint a substitute trustee (or, if preferred, multiple substitute trustees) in succession who shall succeed (and if multiple substitute trustees are appointed, each of such multiple substitute trustees shall succeed) to all the estates, rights, powers and duties of the aforenamed Trustee. Such appointment may be executed by any authorized agent of Beneficiary, and if such Beneficiary be a corporation and such appointment be executed in its behalf by any officer of such corporation, such appointment shall be conclusively presumed to be executed with authority and shall be valid and sufficient without proof of any action by the board of directors or any superior officer of the corporation. Grantor hereby ratifies and confirms any and all acts which the aforenamed Trustee, or Trustee’s successor or successors in this trust, shall do lawfully by virtue hereof. If multiple substitute trustees are appointed, each of such multiple substitute trustees shall be empowered and authorized to act alone without the necessity of the joinder of the other multiple substitute trustees, whenever any action or undertaking of such substitute trustees is requested or required under or pursuant to this Deed of Trust or applicable law.
The Trustees 32 Section 8.1. Certain Duties and Responsibilities...........................................................32 Section 8.2. Certain Notices...............................................................................33 Section 8.3. Certain Rights of Property Trustee............................................................34 Section 8.4. Not Responsible for Recitals or Issuance of Securities........................................36 Section 8.5. May Hold Securities...........................................................................36 Section 8.6. Compensation; Indemnity; Fees.................................................................36 Section 8.7. Corporate Property Trustee Required; Eligibility of Trustees..................................37 Section 8.8. Conflicting Interests.........................................................................38 Section 8.9. Co-Trustees and Separate Trustee..............................................................38 Section 8.10. Resignation and Removal; Appointment of Successor............................................40 Section 8.11. Acceptance of Appointment by Successor.......................................................41 Section 8.12. Merger, Conversion, Consolidation or Succession to Business..................................42 Section 8.13. Preferential Collection of Claims Against Sponsor or Trust...................................42 Section 8.14. Reports by the Property Trustee..............................................................42 Section 8.15. Reports to the Property Trustee..............................................................42 Section 8.16. Evidence of Compliance with Conditions Precedent.............................................42 Section 8.17.