SUCCESSOR AND SEPARATE TRUSTEES Sample Clauses
The "Successor and Separate Trustees" clause defines the process for appointing a new trustee if the original trustee is unable or unwilling to serve, and allows for the appointment of additional trustees for specific purposes. In practice, this clause outlines how a replacement trustee is selected, the powers they inherit, and under what circumstances a separate trustee may be appointed to handle particular assets or functions. Its core function is to ensure the continuous and effective administration of the trust by providing a clear mechanism for trustee succession and division of responsibilities, thereby preventing disruptions in trust management.
SUCCESSOR AND SEPARATE TRUSTEES. 62 SECTION 8.01. Notice of Successor Owner Trustee..........................62 SECTION 8.02. Resignation of Indenture Trustee; Appointment of Successor. ............................................62 SECTION 8.03. Appointment of Additional and Separate Trustees. ..........63
SUCCESSOR AND SEPARATE TRUSTEES. SECTION 8.01. Notice of Successor Owner Trustee..............................45 SECTION 8.02. Resignation of Mortgagee; Appointment of Successor.............45
SUCCESSOR AND SEPARATE TRUSTEES. 42 SECTION 9.01. Resignation of Mortgagee; Appointment of Successor.................................42 SECTION 9.02. Appointment of Additional and Separate Trustees....................................43 ARTICLE X SUPPLEMENTS AND AMENDMENTS TO THIS TRUST INDENTURE AND OTHER DOCUMENTS........................45
SUCCESSOR AND SEPARATE TRUSTEES. SECTION 9.01. [Reserved.]
SUCCESSOR AND SEPARATE TRUSTEES. SECTION 8.01. Notice of Successor Owner Trustee 50 SECTION 8.02. Resignation of Mortgagee; Appointment of Successor 51 SECTION 8.03. Appointment of Additional and Separate Trustees 52
SUCCESSOR AND SEPARATE TRUSTEES. Resignation of Indenture Trustee; Appointment of Successor . . . . . . . . . . . . . . . . . 69 SECTION 9.02. Appointment of Additional and Separate Trustees . . . . . . . . . . . . . . . . . . . 70 ARTICLE X
SUCCESSOR AND SEPARATE TRUSTEES. SECTION 8.01. Notice of Successor Owner Trustee . . . .
SUCCESSOR AND SEPARATE TRUSTEES. 62 SECTION 8.01.Notice of Successor Owner Trustee....................62 SECTION 8.02.Resignation of Indenture Trustee; Appointment of Successor. ........................................62 SECTION 8.03.Appointment of Additional and Separate Trustees......63
SUCCESSOR AND SEPARATE TRUSTEES. 9.01 Resignation of Mortgagee; Appointment of Successor 9.02 Appointment of Additional and Separate Trustees ARTICLE X SUPPLEMENTS AND AMENDMENTS TO THIS TRUST INDENTURE AND OTHER DOCUMENTS
10.01 Instructions of Majority; Limitations
10.02 Mortgagee Protected 10.03 Documents Mailed to Note Holders
SUCCESSOR AND SEPARATE TRUSTEES. Resignation of Indenture Trustee; Appointment of Successor 60 SECTION 9.02. Appointment of Additional and Separate Trustees 61