Common use of Transfer of Documents Clause in Contracts

Transfer of Documents. In the event of any removal or resignation as Custodian and Paying Agent, the then-incumbent Custodian and Paying Agent promptly is to transfer to the successor Custodian and Paying Agent, as directed, all Custodial Documents, all funds deposited in the Accounts and all executed original counterparts of the Debt Agreements and the Private Owner Pledged Account Control Agreement, in the possession of the Paying Agent, and the Company and the then-incumbent Custodian and Paying Agent are to execute and deliver such instruments and do such other things as might reasonably be required for more fully and certainly vesting and confirming in the successor Custodian and Paying Agent all rights, powers, duties and obligations of the then-incumbent Custodian and Paying Agent as the Custodian and Paying Agent under this Agreement.

Transfer of Documents. In the event of any removal or resignation as Custodian and Paying Agent, the then-incumbent Custodian and Paying Agent promptly is to transfer to the successor Custodian and Paying Agent, as directed, all Custodial Documents, all funds deposited in the Accounts and all executed original counterparts of the Debt Agreements and the Private Owner Pledged Account Control Agreement, in the possession of the Paying Agent, and the Company and the then-incumbent Custodian and Paying Agent are to execute and deliver such instruments and do such other things as might reasonably be required for more fully and certainly vesting and confirming in the successor Custodian and Paying Agent all rights, powers, duties and obligations of the then-incumbent Custodian and Paying Agent as the Custodian and Paying Agent under this Agreement.