Successor and Additional Trustees. Section 8.01. Resignation or Removal; Appointment of Successor.......................... 62 Section 8.02. Appointment of Additional and Separate Trustees........................... 64
Successor and Additional Trustees. The right, title and interest of the Trustee in and to the Trust Estate shall also vest in a successor and additional Trustee upon its qualification, and it shall thereupon have all the right and obligations of Trustee hereunder. Such right, title and interest shall vest in the Trustee whether or not conveying documents have been executed and delivered pursuant to Section 5.03 or otherwise.
Successor and Additional Trustees. The rights of the Trustees to control and exclusively administer the Trust and to have the titles to the Trust Property drawn up in their names and all other rights of the Trustees at law shall vest automatically in all persons who may hereafter become Trustees upon their due election or appointment and qualification without any further act and they shall thereupon have all the rights, privileges, powers, obligations and immunities of Trustees hereunder. Such rights shall vest in the Trustees whether or not conveyancing or transfer documents have been executed and delivered pursuant to section 3.5 or otherwise.
Successor and Additional Trustees. The right, title and interest of the Trustees in and to the assets of the Trust shall also vest in successor and additional Trustees upon their qualification, and they shall thereupon have all the rights and obligations of the Trustees hereunder. Such right, title and interest shall vest in the Trustees whether or not conveyancing documents have been executed and delivered pursuant to Section 5 of this Article IV or otherwise.
Successor and Additional Trustees. Section 8.01. Resignation or Removal; Appointment of Successor 83 Section 8.02. Appointment of Additional and Separate Trustees 84 Article IX
Successor and Additional Trustees. Section 8.01. Eligibility Requirements for the Trustee.................................................19 Section 8.02. Resignation or Removal of the Trustee....................................................20 Section 8.03. Successor Trustee........................................................................20 Section 8.04. Merger or Consolidation of Trustee.......................................................21 Section 8.05. Appointment of Co-Trustee or Separate Trustee............................................21 Section 8.06. Trustee May Own Notes....................................................................22
Successor and Additional Trustees. The right, title and interest of the Trustee in and to the Trust Estate shall also vest in successor and additional Trustees upon their qualification, and they shall thereupon have all the rights and obligations of Trustees hereunder and until such qualification, the right, title and interest in the Trust Estate shall vest in the remaining Trustee on a pro rata basis. Such right, title and interest shall vest in the Trustees whether or not conveyancing documents have been executed and delivered pursuant to Section 2.3 or otherwise. Appropriate written evidence of the election and qualification of successor and additional Trustees shall be filed with the records of the Trust and in such other offices or places as the Trustees may deem necessary, appropriate or desirable.
Successor and Additional Trustees. Section 9.01.
Successor and Additional Trustees. Section 8.01 Resignation or Removal; Appointment of Successor.................. Section 8.02
Successor and Additional Trustees. In the event any of the Trustees shall cease to be an "Independent Director", or in the case of Arthur R. Medici, Mr. Xxxxxx xxxxx xxxse xx xx Xxxsident and Chief Executive Officer of the Company, then such person shall cease to be a Trustee. Any person elected after the date hereof as an Independent Director shall upon execution of an instrument agreeing to be bound by this Agreement become a Trustee hereunder with the same force and effect as though originally named herein. As used herein, "
