Common use of Appointment of Successor Trustee Clause in Contracts

Appointment of Successor Trustee. 11.1 If Trustee resigns in accordance with Section X, Company may appoint any third party, such as a lawyer, certified public accountant, bank trust department or other party that may be granted corporate trustee powers under state law, as a successor to replace Trustee upon resignation or removal. The appointment shall be effective when accepted in writing by the new trustee, who shall have all of the rights and powers of the former Trustee, including ownership rights in the Trust assets. The former Trustee shall execute any instrument necessary or reasonably requested by Company or the successor Trustee to evidence the transfer.

Appointment of Successor Trustee. 11.1 If Trustee resigns in accordance with Section X10(a) herein, Company the Corporation may appoint any third party, such as including a lawyer, certified public accountant, bank or trust department company or other party that may be granted corporate trustee powers under state law, as a successor to replace Trustee upon resignation or removal. The appointment shall be effective when accepted in writing by the new trusteeTrustee, who shall have all of the rights and powers of the former Trustee, including ownership rights in the Trust trust assets. The former Trustee shall execute any instrument necessary or reasonably requested by Company the Corporation or the successor Trustee to evidence the transfer.

Appointment of Successor Trustee. 11.1 (a) If the Trustee resigns or is removed in accordance with Section X9(a) or Section 9(b), the Company may appoint any third party, such as a lawyer, certified public accountant, individual or bank trust department or other party that may be granted corporate trustee powers under state law, as a successor to replace the Trustee upon resignation or removal. The appointment shall be effective when accepted in writing by the new trusteeTrustee, who shall have all of the rights and powers of the former Trustee, including ownership rights in the Trust assets. The former Trustee shall execute any instrument necessary or reasonably requested by the Company or the successor Trustee to evidence the transfer.

Appointment of Successor Trustee. 11.1 If the Trustee resigns or is removed in accordance with Section XArticle 10 hereof, the Company may appoint any independent and unrelated third party, such as a lawyer, certified public accountant, bank trust department or other party that may be has been granted corporate trustee powers under state law, as a successor to replace the Trustee upon resignation or removal. The This appointment shall be effective when accepted in writing by the new trusteeTrustee, who shall have all of the rights and powers of the former Trustee, including ownership rights in the Trust assets. The former Trustee shall execute any instrument necessary or reasonably requested by the Company or the successor Trustee to evidence the transfer.

Appointment of Successor Trustee. 11.1 If the Trustee resigns or is removed in accordance with Section X12(a) or (b) hereof, the Company may appoint any third party, such as a lawyer, certified public accountant, bank trust department or other party that may be granted corporate trustee powers under state law, as a successor to replace the Trustee upon resignation or removal. The appointment shall be effective when accepted in writing by the new trusteeTrustee, who shall have all of the rights and powers of the former Trustee, including ownership rights in the Trust assets. The former Trustee shall execute any instrument necessary or reasonably requested by the Company or the successor Trustee to evidence the transfer. Section 14.

Appointment of Successor Trustee. 11.1 If the Trustee resigns or is removed in accordance with Section X12(a) or (b) hereof, the Company may appoint any third party, such as a lawyer, certified public accountant, bank trust department or other party that may be granted corporate trustee powers under state law, as a successor to replace the Trustee upon resignation or removal. The appointment shall be effective when accepted in writing by the new trusteeTrustee, who shall have all of the rights and powers of the former Trustee, including ownership rights in the Trust assets. The former Trustee shall execute any instrument necessary or reasonably requested by the Company or the successor Trustee to evidence the transfer.