Common use of Voting Trustee Clause in Contracts

Voting Trustee. (a) The Voting Trustee shall have the right to resign as Voting Trustee hereunder during his lifetime at any time by notice to Bentley and the Voting Trust Certificate holders, such resignation to be effective at such time as a successor Voting Trustee accepts this Agreement pursuant to Section 3(c). (b) In the event of the resignation, death or inability of the Voting Trustee to serve for any reason, the successor to the Voting Trustee shall be the person appointed by the Voting Trustee to serve as successor to the Voting Trustee. Upon the death of the Voting Trustee without his having appointed a successor, the Board of Directors of Bentley shall by resolution duly adopted name a successor Voting Trustee. (c) Any person appointed as a successor Voting Trustee hereunder shall become a Voting Trustee only upon written acceptance of this Agreement and the rights, powers, duties and obligations of the Voting Trustee hereunder, and the delivery of such acceptance to the preceding Voting Trustee (if then living) and the Voting Trust Certificate holders. Each successor Voting Trustee shall have the same rights, powers, duties and obligations as the Voting Trustee whom such successor succeeds.

Voting Trustee. (a) The Voting Trustee shall have the right to resign as Voting Trustee hereunder during his lifetime at any time by notice to Bentley Interiors and the Voting Trust Certificate holders, such resignation to be effective at such time as a successor Voting Trustee accepts this Agreement pursuant to Section 3(c). (b) In the event of the resignation, death resignation or inability of the Voting Trustee to serve for any reason, the successor to the Voting Trustee shall be the person appointed by the Voting Trustee to serve as successor to the Voting Trustee. Upon the death of the Voting Trustee without his having appointed a successor, the Board of Directors of Bentley Interiors shall by resolution duly adopted name a successor Voting Trustee. (c) Any person appointed as a successor Voting Trustee hereunder shall become a Voting Trustee only upon written acceptance of this Agreement and the rights, powers, duties and obligations of the Voting Trustee hereunder, and the delivery of such acceptance to the preceding Voting Trustee (if then living) and the Voting Trust Certificate holders. Each successor Voting Trustee shall have the same rights, powers, duties and obligations as the Voting Trustee whom such successor succeeds.