Surviving Trustor Sample Clauses

Surviving Trustor. If Husband is the first Trustor to die, the Trust shall terminate in accordance with the provisions of Article V hereof. If Wife is the first Trustor to die, Husband shall continue to have the power to revoke or to amend the Trust in whole or in part. On revocation the Trustee promptly shall deliver to Husband or Husband’s designee all or the specified portion of the Trust Estate. Revocation and amendment shall be made only in the manner described in paragraphs A-1 and A-2 of this Article III, respectively, except that only Husband’s signature is required. On Husband’s death, the Trust thereafter may not be revoked or amended. The provisions of Articles 2 and 3 of Chapter 2 of Part 1 of Division 5 of the California Probate Code do not apply to this Trust.
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Related to Surviving Trustor

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  • The Surviving Corporation Section 3.01.

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  • Surviving Rights Notwithstanding the termination of Executive’s employment, the parties shall be required to carry out any provisions hereof which contemplate performance subsequent to such termination; and such termination shall not affect any liability or other obligation which shall have accrued prior to such termination, including, but not limited to, any liability for loss or damage on account of a prior default.

  • Name of Surviving Corporation After the merger, the Surviving Corporation shall have the name "Capital Bank Corporation"

  • Officers of Surviving Corporation The officers of the Company at the Effective Time shall, from and after the Effective Time, be the officers of the Surviving Corporation until their successors have been duly elected or appointed and qualified or until their earlier death, resignation or removal in accordance with the Surviving Charter and the Surviving By-Laws.

  • Bylaws of Surviving Corporation At the Effective Time, the Bylaws of Merger Sub (the “Merger Sub Bylaws”), as in effect immediately prior to the Effective Time, shall be the Bylaws of the Surviving Corporation until thereafter amended in accordance with applicable law.

  • Directors of Surviving Corporation At the Effective Time of the Merger, the Board of Directors of the Surviving Corporation shall be comprised of the persons serving as directors of Merger Sub immediately prior to the Effective Time of the Merger. Such persons shall serve until the earlier of their resignation or removal or until their respective successors are duly elected and qualified.

  • Vacancies among Trustees If a Trustee ceases to hold office for any reason and the number of Trustees is not reduced pursuant to Section 6.1, or if the number of Trustees is increased pursuant to Section 6.1, a vacancy shall occur. A resolution certifying the existence of such vacancy by the Administrative Trustees or, if there are more than two, a majority of the Administrative Trustees shall be conclusive evidence of the existence of such vacancy. The vacancy shall be filled with a Trustee appointed in accordance with Section 6.6.

  • Bylaws of the Surviving Corporation The Bylaws of Company, as in effect immediately prior to the Effective Time, will be the Bylaws of the Surviving Corporation until thereafter amended in accordance with applicable law.

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