Common use of Voting Trustee Clause in Contracts

Voting Trustee. (a) The Voting Trustee may at any time resign by notifying the Investor and the Company in writing of such resignation, which shall take effect ten days thereafter or upon the earlier acceptance thereof by the Company and the Investor. (b) Any successor Voting Trustee shall be appointed by the resigning Voting Trustee and shall indicate its acceptance of such appointment by signing a counterpart of this Agreement and upon delivery by such successor Voting Trustee of such counterpart at the offices of the Company in the Commonwealth of Massachusetts such successor shall be vested with all the rights, powers, duties and immunities herein conferred upon the Voting Trustee as though such successor had been originally a party to this Agreement as the Voting Trustee.