Common use of Trustee Term; Resignation Clause in Contracts

Trustee Term; Resignation. (a) Wilmington Trust, N.A. has been appointed and hereby agrees to continue to serve as the trustee of the Trust. The Trust shall have only one trustee unless otherwise determined by the Sponsor in its sole and absolute discretion. The Trustee shall serve until such time as the Sponsor removes the Trustee or the Trustee resigns and a successor trustee is appointed by the Sponsor in accordance with the terms of Section 2.5 hereof.

Appears in 3 contracts

Samples: Trust Agreement (AccuShares Trust I), Trust Agreement (AccuShares Commodities Trust I), Trust Agreement (AccuShares Commodities Trust I)

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Trustee Term; Resignation. (a) Wilmington Trust, N.A. Trust Company has been appointed and hereby agrees to continue to serve as the trustee Trustee of the TrustTrust solely for purposes of satisfying the requirements of section 3807 of the DSTA. The Trust shall have only one trustee unless otherwise determined by the Sponsor in its sole and absolute discretionSponsor. The Trustee shall serve until such time as the Sponsor removes the Trustee or the Trustee resigns and a successor trustee Trustee is appointed by the Sponsor in accordance with the terms of Section 2.5 hereof.

Appears in 2 contracts

Samples: Trust Agreement (ETFS Collateralized Commodities Trust), Trust Agreement (ETFS Collateralized Commodities Trust)

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