Common use of Trustees and Separate Trustee Clause in Contracts

Trustees and Separate Trustee. At any time or times, for the purpose of meeting the legal requirements of any applicable jurisdiction, the Depositor and the Property Trustee shall have power to appoint, and, upon the written request of the Property Trustee or of the Holders of at least thirty-three per centum (33%) in Liquidation Amount of the Trust Securities then Outstanding, the Depositor and the Administrators shall for such purpose join with the Property Trustee in the execution and delivery of all instruments and agreements necessary or proper to appoint, one or more Persons approved by the Property Trustee either to act as co-trustee, jointly with the Property Trustee, or to act as separate trustee, in either case with such powers as may be provided in the instrument of appointment, and to vest in such Person or Persons, in the capacity aforesaid, any property, title, right or power deemed necessary or desirable, subject to the other provisions of this Section. If the Depositor or the Administrators do not join in such appointment within 15 days after the receipt by them of a request so to do, or if an Event of Default shall have occurred and be continuing, the Property Trustee alone shall have power to make such appointment. 44 Should any written instrument or instruments from the Depositor be required by any co-trustee or separate trustee so appointed to more fully confirm to such co-trustee or separate trustee such property, title, right or power, any and all such instruments shall, on request, be executed, acknowledged and delivered by the Depositor. Every co-trustee or separate trustee shall, to the extent permitted by law, but to such extent only, be appointed subject to the following conditions:

Trustees and Separate Trustee. At any time or times, (i) for the purpose of meeting the legal requirements of any applicable jurisdictionjurisdiction in which any part of the Collateral may at the time be located, or (ii) if the Trustee deems it to be necessary to protect the interests of the Holders of the Securities, the Depositor Company and the Property Trustee shall have power to appoint, and, and upon the written request of the Property Trustee or of the Holders of at least thirty-three per centum (33%) in Liquidation Amount of the Trust Securities then OutstandingRequisite Holders, the Depositor and the Administrators Company shall for such purpose join with the Property Trustee in the execution execution, delivery and delivery performance of all instruments and agreements necessary or proper to appoint, one or more Persons (who shall not be Holders) approved by the Property Trustee either to act as co-trustee, jointly with the Property Trustee, with respect to the Collateral and the grant of a security interest and Lien thereon, or to act as separate trusteetrustee in connection therewith, in either case with such powers as may be provided in the instrument of appointmentappointment which shall expressly designate the property affected and the capacity of the appointee as either a co-trustee or separate trustee, and to vest in such Person or Persons, Persons in the capacity aforesaid, any property, title, right or power deemed necessary or desirable, subject to the other provisions of this Section. If the Depositor or the Administrators do Company does not join in such appointment within 15 days after the receipt by them it of a request so to do, or if in case an Event of Default shall have has occurred and be is continuing, the Property Trustee alone shall have power to make such appointment. 44 Should any written instrument or instruments from the Depositor Company be required by any co-trustee or separate trustee so appointed to for more fully confirm confirming to such co-trustee or separate trustee such property, title, right or power, any and all such instruments shall, on request, be executed, acknowledged and delivered by the DepositorCompany. Every co-trustee or separate trustee shall, to the extent permitted by law, but only to such extent onlyextent, be appointed subject to the following conditionsterms:

Trustees and Separate Trustee. At any time or times, for the purpose of meeting the legal requirements of any applicable jurisdiction, the Depositor and the Property Trustee shall have power to appoint, and, upon the written request of the Property Trustee or of the Holders of at least thirty-three per centum (33%) in Liquidation Amount of the Trust Securities then Outstanding, the Depositor and the Administrators shall for such purpose join with the Property Trustee in the execution and delivery of all instruments and agreements necessary or proper to appoint, one or more Persons approved by the Property Trustee either to act as co-trustee, jointly with the Property Trustee, or to act as separate trustee, in either case with such powers as may be provided in the instrument of appointment, and to vest in such Person or Personspersons, in the capacity aforesaid, any property, title, right or power deemed necessary or desirable, subject to the other provisions of this Section. If the Depositor or the Administrators do not join in such appointment within 15 days after the receipt by them of a request so to do, or if an Event of Default shall have occurred and be continuing, the Property Trustee alone shall have power to make such appointment. 44 Should any written instrument or instruments from the Depositor be required by any co-trustee or separate trustee so appointed to more fully confirm to such co-trustee or separate trustee such property, title, right or power, any and all such instruments shall, on request, be executed, acknowledged and delivered by the Depositor. Every co-trustee or separate trustee shall, to the extent permitted by law, but to such extent only, be appointed subject to the following conditions:

Trustees and Separate Trustee. At any time or times, (i) for the purpose of meeting the legal requirements of any applicable jurisdictionjurisdiction in which any part of the Collateral may at the time be located, or (ii) if the Trustee deems it to be necessary to protect the interests of the Holders of the Securities, the Depositor Company and the Property Trustee shall have power to appoint, and, and upon the written request of the Property Trustee or of the Holders of at least thirty-three per centum (33%) in Liquidation Amount of the Trust Securities then OutstandingRequisite Holders, the Depositor and the Administrators Company shall for such purpose join with the Property Trustee in the execution execution, delivery and delivery performance of all instruments and agreements necessary or proper to appoint, one or more Persons (who shall not be Holders) approved by the Property Trustee either to act as co-trustee, jointly with the Property Trustee, with respect to the Collateral and the grant of a security interest and Lien thereon, or to act as separate trusteetrustee in connection therewith, in either case with such powers as may be provided in the instrument of appointmentappointment which shall expressly designate the property affected and the capacity of the appointee as either a co-trustee or separate trustee, and to vest in such Person or Persons, Persons in the capacity aforesaid, any property, title, right or power deemed necessary or desirable, subject to the other provisions of this Section. If the Depositor or the Administrators do Company does not join in such appointment within 15 days after the receipt by them it of a request so to do, or if in case an Event of Default shall have has occurred and be is continuing, the Property Trustee alone shall have power to make such appointment. 44 Should any written instrument or instruments from the Depositor Company be required necessary or reasonably requested by any co-trustee or separate trustee so appointed to for more fully confirm confirming to such co-trustee or separate trustee such property, title, right or power, any and all such instruments shall, on request, be executed, acknowledged and delivered by the DepositorCompany. Every co-trustee or separate trustee shall, to the extent permitted by law, but only to such extent onlyextent, be appointed subject to the following conditionsterms:

Trustees and Separate Trustee. At any time or times, for the purpose of meeting the legal requirements of any applicable jurisdiction, the Depositor and the Property Trustee shall have power to appoint, and, upon the written request of the Property Trustee or of the Holders of at least thirty-three per centum (33%) in Liquidation Amount of the Trust Securities then Outstanding, the Depositor and the Administrators shall for such purpose join with the Property Trustee in the execution and delivery of all instruments and agreements necessary or proper to appoint, one or more Persons approved by the Property Trustee either to act as co-trustee, jointly with the Property Trustee, or to act as separate trustee, in either case with such powers as may be provided in the instrument of appointment, and to vest in such Person or Persons, in the capacity aforesaid, any property, title, right or power deemed necessary or desirable, subject to the other provisions of this Section. If the Depositor or the Administrators do not join in such appointment within 15 days after the receipt by them of a request so to do, or if an Event of Default shall have occurred and be continuing, the Property Trustee alone shall have power to make such appointment. 44 Should any written instrument or instruments from the Depositor be required by any co-trustee or separate trustee so appointed to more fully confirm to such co-trustee or separate trustee such property, title, right or power, any and all such instruments shall, on request, be executed, acknowledged and delivered by the Depositor. Every co-trustee or separate trustee shall, to the extent permitted by law, but to such extent only, be appointed subject to the following conditions: