Common use of Successor Trustees Clause in Contracts

Successor Trustees. The Trustee may resign in writing addressed to Mortgagee or be removed at any time with or without cause by an instrument in writing duly executed by Mortgagee. In case of the death, resignation or removal of a Trustee, a successor Trustee or Trustees may be appointed by Mortgagee from time to time by instrument of substitution complying with any applicable requirements of law and, in the absence of any such requirement, without other formality than appointment and designation in writing. Such appointment and designation shall be full evidence of the right and authority to make the same and of all facts therein recited, and, upon the making of any such appointment and designation, this conveyance shall vest in the named successor Trustee or Trustees all the estate and title of the prior Trustee or Trustees in all of the Mortgaged Property, and such successor Trustee or Trustees shall thereupon succeed to all the rights, powers, privileges, immunities and duties hereby conferred upon the Trustee named herein. All references herein to the Trustee shall be deemed to refer to the Trustees from time to time acting hereunder.

Successor Trustees. The Any Trustee may resign in writing addressed to Mortgagee the Collateral Agent or may be removed at any time with or without cause by an instrument in writing duly executed by Mortgageethe Collateral Agent. In case of the death, resignation or removal of a Trustee, a one or more successor Trustee or Trustees may be appointed by Mortgagee from time to time the Collateral Agent by instrument of substitution complying with any applicable requirements of law andlaw, and in the absence of any such requirement, requirement without formality other formality than appointment and designation in writing. Such appointment and designation shall be full evidence of the right and authority to make the same and of all facts therein recited, and, and upon the making of any such appointment and designation, designation this conveyance shall vest in the named successor Trustee or Trustees all the estate and title of the prior Trustee or Trustees in all of the Mortgaged Property, and such successor Trustee he or Trustees they shall thereupon succeed to all the rights, powers, privileges, immunities and duties hereby conferred upon the Trustee named hereinprior Trustee. All references herein to the Trustee Trustees shall be deemed to refer to the Trustees from time to time acting hereunder.

Successor Trustees. The Any Trustee may resign in writing addressed to Mortgagee the Agent or may be removed at any time with or without cause by an instrument in writing duly executed by Mortgageethe Agent. In case of the death, resignation or removal of a Trustee, a one or more successor Trustee or Trustees may be appointed by Mortgagee from time to time the Agent by instrument of substitution complying with any applicable requirements of law andApplicable Law, and in the absence of any such requirement, requirement without formality other formality than appointment and designation in writing. Such appointment and designation shall be full evidence of the right and authority to make the same and of all facts therein recited, and, and upon the making of any such appointment and designation, designation this conveyance shall vest in the named successor Trustee or Trustees Trustees, all the estate and title of the prior Trustee or Trustees in all of the Mortgaged Property, and such successor Trustee he or Trustees they shall thereupon succeed to all the rights, powers, privileges, immunities and duties hereby conferred upon the Trustee named hereinprior Trustee. All references herein to the Trustee Trustees shall be deemed to refer to the Trustees from time to time acting hereunder.

Successor Trustees. The Trustee may resign in writing addressed to Mortgagee Lender or be removed at any time with or without cause by an instrument in writing duly executed by MortgageeLender. In case of the death, resignation resignation, or removal of a the Trustee, a successor Trustee or Co-Trustees may be appointed by Mortgagee from time to time Lender or Lender's authorized agent by instrument of substitution complying with any applicable requirements of law andlaw, and in the absence of any such requirement, without other formality than an appointment and designation in writing. Such Any appointment and designation shall will be full evidence of the right and authority to make the same and of all facts therein recited, and, upon . Upon the making of any such appointment and designation, this conveyance shall vest in the named successor Trustee or Trustees all the estate and title of the prior Trustee or Trustees in all of the Mortgaged PropertyRealty Collateral will vest in the named successor Trustee, and such the successor Trustee or Trustees shall will thereupon succeed to all the rights, powers, privileges, immunities immunities, and duties hereby conferred upon the Trustee named hereinTrustee. All references herein to the Trustee shall will be deemed to refer to the Trustees Trustee from time to time acting hereunder.. 67231.1[August 9, 2001]

Successor Trustees. The Trustee may resign in writing addressed to Mortgagee Lender or be removed at any time with or without cause by an instrument in writing duly executed by MortgageeLender. In case of the death, resignation resignation, or removal of a the Trustee, a successor Trustee or Co-Trustees may be appointed by Mortgagee from time to time Lender or Lender's authorized agent by instrument of substitution complying with any applicable requirements of law andlaw, and in the absence of any such requirement, without other formality than an appointment and designation in writing. Such Any appointment and designation shall will be full evidence of the right and authority to make the same and of all facts therein recited, and, upon . Upon the making of any such appointment and designation, this conveyance shall vest in the named successor Trustee or Trustees all the estate and title of the prior Trustee or Trustees in all of the Mortgaged PropertyRealty Collateral will vest in the named successor Trustee, and such the successor Trustee or Trustees shall will thereupon succeed to all the rights, powers, privileges, immunities immunities, and duties hereby conferred upon the Trustee named hereinTrustee. All references herein to the Trustee shall will be deemed to refer to the Trustees Trustee from time to time acting hereunder.

Successor Trustees. The Any Trustee may resign in writing addressed to Mortgagee Lender or may be removed at any time with or without cause by an instrument in writing duly executed by MortgageeLender. In case of the death, resignation or removal of a Trustee, a one or more successor Trustee or Trustees may be appointed by Mortgagee from time to time Lender by instrument of substitution complying with any applicable requirements of law andlaw, and in the absence of any such requirement, requirement without formality other formality than appointment and designation in writing. Such appointment and designation shall be full evidence of the right and authority to make the same and of all facts therein recited, and, and upon the making of any such appointment and designation, designation this conveyance shall vest in the named successor Trustee or Trustees all the estate and title of the prior Trustee or Trustees in all of the Mortgaged Property, and such successor Trustee he or Trustees they shall thereupon succeed to all the rights, powers, privileges, immunities and duties hereby conferred upon the Trustee named hereinprior Trustee. All references herein to the Trustee Trustees shall be deemed to refer to the Trustees from time to time acting hereunder.. 6.2