RIGHTS AND DUTIES OF THE. BANK -----------------------------
RIGHTS AND DUTIES OF THE contracting parties
RIGHTS AND DUTIES OF THE. BENEFICIARIES The persons and/or entities named in the attached Exhibit “B” (including their heirs, assigns or successors) hereof are the Beneficiaries and shall have the sole possession, management and control of the selling, renting, repairing, maintaining and handling of the property. The Trustee shall have no right or duty in respect to any such matters. The Beneficiaries shall have the right to execute leases and collect rents in their own name or through their agents. The Beneficiaries shall have the exclusive right to receive the earnings, avails and proceeds from leases and other uses and from mortgages, sales and other dispositions of the property. Such rights and powers shall be personal property and may be assigned as such. The Beneficiaries shall have the power to direct the Trustee to deal with title to the property. The Beneficiaries shall have the power to remove a Trustee from his office or appoint a successor to succeed him or her. This removal must by in writing, signed by all of the Beneficiaries. Upon Seven (7) days written notice, the Trustee shall deliver all books, records, bank account information, keys, security deposits, leases and funds in his or her possession, and execute any documents necessary to convey title and/or authority over the Trust and the Trust Property to the successor Trustee. The death of any Beneficiary shall not terminate the trust or affect the rights or powers of the Trustee or of the Beneficiaries except as provided by law. By amendment in writing delivered to and accepted by the Trustee, any Beneficiary having a vested interest hereunder shall at any time or times have the right to revoke, alter or amend the provisions of this trust agreement. On the written direction of the Beneficiaries hereof as having the power of direction the Trustee will make deeds for, execute leases or otherwise deal with the title to the trust property including cash or other assets subject to the trust. In the event of the death of any Beneficiary, his or her right and interest hereunder, except as otherwise provided, shall pass to his or her executor or administrator and to his heirs at law. The Beneficiaries may also direct the Trustee to transfer and convey all legal title and ownership to any entity designated by Beneficiaries, which effectively terminates the Agreement. The interest of a Beneficiary, or any part of that interest, may be transferred by a written assignment, executed in duplicate and delivered to the Trustee. ...
RIGHTS AND DUTIES OF THE doctoral student The doctoral student reports regularly, detailed and accurate about the development of the dissertation project and to comply with the time and work schedule. The doctoral student agrees to comply with the principles of good scientific practice.
RIGHTS AND DUTIES OF THE. CONCESSIONAIRE
RIGHTS AND DUTIES OF THE. Delaware Corporation as the Surviving Corporation. At the Effective Time, the Surviving Corporation shall thereupon and thereafter possess all the rights, privileges, powers and franchises of a public as well as of a private nature, of each of the Corporations, and be subject to all the restrictions, disabilities and duties of each of the Corporations so merged; and all of the rights, privileges, powers and franchises of each of the Corporations, and all property, real, personal and mixed, and all debts due to either of the Corporations on whatever account, as well for stock subscriptions and all option or warrants for stock of either Corporation, and specifically, without limitation, that certain warrant Number 1 of the Illinois Corporation issued as security to Alexxxxxx X. Xxxx xxx dated as of December 28, 1998, shall be vested in the Surviving Corporation; and all property, rights, privileges, powers and franchises and all and every other interest shall be thereafter the property of the Surviving Corporation as they were of the Corporations; and the title to any real estate, vested by deed or otherwise, under the laws of the State of Illinois or the State of Delaware or otherwise, in either of the Corporations, shall not revert or in any way be impaired by reason of the Merger; provided, that all debts, liabilities and duties of the Corporations, and all rights of creditors and all liens upon any property of either of the Corporations shall thenceforth attach to the Surviving Corporation, and may be enforced against it to the same extent as if said debts, liabilities and duties had been incurred or contracted by it.
