Common use of Successor Voting Trustee Clause in Contracts

Successor Voting Trustee. If, for any reason, the Voting Trustee ceases to be Voting Trustee, a successor Voting Trustee shall be designated by GE. If GE fails to designate a successor Voting Trustee, or if such successor fails to accept the rights and duties of the Voting Trustee, within 45 days of notice of the death, disability, or resignation of the Voting Trustee, the Shareholders owning a majority of the Shares may designate the successor Voting Trustee. If the Shareholders fail to so designate a successor Voting Trustee within 60 days following notice of the death, disability, or resignation of the Voting Trustee, any Shareholder may petition any court of competent jurisdiction in the County of Cuyahoga, State of Ohio for appointment of a successor Voting Trustee. Upon acceptance of designation as successor Voting Trustee, the successor Voting Trustee shall have all of the rights and duties of the Voting Trustee hereunder.

Successor Voting Trustee. If, for any reason, the Voting ------------------------ Trustee ceases to be Voting Trustee, a successor Voting Trustee shall be designated by GE. If GE fails to designate a successor Voting Trustee, or of if such successor fails to accept the rights and duties of the Voting Trustee, within 45 days of notice of the death, disability, or resignation of the Voting Trustee, the Shareholders owning a majority of the Shares may designate the successor Voting Trustee. If the Shareholders fail to so designate a successor Voting Trustee within 60 days following notice of the death, disability, disability or resignation of the Voting Trustee, any Shareholder may petition any court of competent jurisdiction in the County of Cuyahoga, State of Ohio for appointment of a successor Voting Trustee. Upon acceptance of designation as successor Voting Trustee, the successor Voting Trustee shall have all of the rights and duties of the Voting Trustee hereunder.