Common use of Appointment and Removal of Administrators Clause in Contracts

Appointment and Removal of Administrators. (a) The Administrators shall initially be James Risinger, John Poelker and Thomas Clayton, and their successors xxxxx xx xxxxinxxx xx xxx Xolderx xx x xxxxxxxy in aggregate Liquidation Amount of the Common Securities and may resign or be removed by the Holders of a majority in aggregate Liquidation Amount of the Common Securities at any time. Upon any resignation or removal, the Depositor shall appoint a successor Administrator. Each Administrator shall sign an agreement, or a counterpart to this Trust Agreement, agreeing to comply with the terms of this Trust Agreement. If at any time there is no Administrator, the Property Trustee or any Holder who has been a Holder of Trust Securities for at least six months may petition any court of competent jurisdiction for the appointment of one or more Administrators. (b) Whenever a vacancy in the number of Administrators shall occur, until such vacancy is filled by the appointment of an Administrator in accordance with this Section 8.19, the Administrators in office, regardless of their number (and notwithstanding any other provision of this Agreement), shall have all the powers granted to the Administrators and shall discharge all the duties imposed upon the Administrators by this Trust Agreement. (c) Notwithstanding the foregoing or any other provision of this Trust Agreement, if any Administrator who is a natural person dies or becomes, in the opinion of the Holder of a majority in aggregate Liquidation Amount of the Common Securities, incompetent or incapacitated, the vacancy created by such death, incompetence or incapacity may be filled by the unanimous act of the remaining Administrators, if there were at least two of them prior to such vacancy, and by the Depositor, if there were not at least two such Administrators immediately prior to such vacancy (with the successor being a Person who satisfies the eligibility requirement for Administrators set forth in Section 8.7).

Appointment and Removal of Administrators. (a) The Administrators shall initially be James Risinger, John Poelker and Thomas Clayton, and their successors xxxxx xx xxxxinxxx xx xxx Xolderx xx x xxxxxxxy shall be appointed by the Holders of a majority in aggregate Liquidation Amount of the Common Securities and may resign or be removed by the Holders of a majority in aggregate Liquidation Amount of the Common Securities at any time. Upon any resignation or removal, the Depositor shall appoint a successor Administrator. Each Administrator shall sign an agreement, or a counterpart to this Trust Agreement, agreement agreeing to comply with the terms of this Trust Agreement. If at any time there is no Administrator, the Property Trustee or any Holder who has been a Holder of Trust Securities for at least six months may petition any court of competent jurisdiction for the appointment of one or more Administrators. (b) Whenever a vacancy in the number of Administrators shall occur, until such vacancy is filled by the appointment of an Administrator in accordance with this Section 8.19, the Administrators Administrator in office, regardless of their number (and notwithstanding any other provision of this Agreement), shall have all the powers granted to the Administrators and shall discharge all the duties imposed upon the Administrators by this Trust Agreement. (c) Notwithstanding the foregoing or any other provision of this Trust Agreement, if any Administrator who is a natural person dies or becomes, in the opinion of the Holder of a majority in aggregate Liquidation Amount of the Common Securities, incompetent or incapacitated, the vacancy created by such death, incompetence or incapacity may be filled by the unanimous act of the remaining Administrators, if there were at least two of them prior to such vacancy, and by the Depositor, if there were not at least two such Administrators immediately prior to such vacancy (with the successor being a Person who satisfies the eligibility requirement for Administrators set forth in Section 8.7).

Appointment and Removal of Administrators. (a) The Administrators shall initially be James Risinger[ ], John Poelker [ ] and Thomas Clayton[ ], and their successors xxxxx xx xxxxinxxx xx xxx Xolderx xx x xxxxxxxy shall be appointed by the Holders of a majority in aggregate Liquidation Amount of the Common Securities and may resign or be removed by the Holders of a majority in aggregate Liquidation Amount of the Common Securities at any time. Upon any resignation or removal, the Depositor shall appoint a successor Administrator. Each Administrator shall sign an agreement, or a counterpart to this Trust Agreement, agreeing to comply with the terms of this Trust Agreement. If at any time there is no Administrator, the Property Trustee or any Holder who has been a Holder of Trust Securities for at least six months may petition any court of competent jurisdiction for the appointment of one or more Administrators. (b) Whenever a vacancy in the number of Administrators shall occur, until such vacancy is filled by the appointment of an Administrator in accordance with this Section 8.19, the Administrators in office, regardless of their number (and notwithstanding any other provision of this Agreement), shall have all the powers granted to the Administrators and shall discharge all the duties imposed upon the Administrators by this Trust Agreement. (c) Notwithstanding the foregoing or any other provision of this Trust Agreement, if any Administrator who is a natural person dies or becomes, in the opinion of the Holder of a majority in aggregate Liquidation Amount of the Common Securities, incompetent or incapacitated, the vacancy created by such death, incompetence or incapacity may be filled by the unanimous act of the remaining Administrators, if there were at least two of them prior to such vacancy, and by the Depositor, if there were not at least two such Administrators immediately prior to such vacancy (with the successor being a Person who satisfies the eligibility requirement for Administrators set forth in Section 8.7).

Appointment and Removal of Administrators. (a) The Administrators shall initially be James Risinger____________, John Poelker _____________and Thomas Clayton__________________, and their successors xxxxx xx xxxxinxxx xx xxx Xolderx xx x xxxxxxxy shall be appointed by the Holders of a majority in aggregate Liquidation Amount of the Common Securities and may resign or be removed by the Holders of a majority in aggregate Liquidation Amount of the Common Securities at any time. Upon any resignation or removal, the Depositor shall appoint a successor Administrator. Each Administrator shall sign an agreement, or a counterpart to this Trust Agreement, agreement agreeing to comply with the terms of this Trust Agreement. If at any time there is no Administrator, the Property Trustee or any Holder who has been a Holder of Trust Securities for at least six months may petition any court of competent jurisdiction for the appointment of one or more Administrators. (b) Whenever a vacancy in the number of Administrators shall occur, until such vacancy is filled by the appointment of an Administrator in accordance with this Section 8.19, the Administrators Administrator in office, regardless of their number (and notwithstanding any other provision of this Agreement), shall have all the powers granted to the Administrators and shall discharge all the duties imposed upon the Administrators by this Trust Agreement. (c) Notwithstanding the foregoing or any other provision of this Trust Agreement, if any Administrator who is a natural person dies or becomes, in the opinion of the Holder of a majority in aggregate Liquidation Amount of the Common Securities, incompetent or incapacitated, the vacancy created by such death, incompetence or incapacity may be filled by the unanimous act of the remaining Administrators, if there were at least two of them prior to such vacancy, and by the Depositor, if there were not at least two such Administrators immediately prior to such vacancy (with the successor being a Person who satisfies the eligibility requirement for Administrators set forth in Section 8.7).

Appointment and Removal of Administrators. (a) The Administrators shall initially be James Risinger[_____], John Poelker [_____] and Thomas Clayton, [_____] and their successors xxxxx xx xxxxinxxx xx xxx Xolderx xx x xxxxxxxy in aggregate Liquidation Amount shall be appointed by the Holder of the Common Securities. The Holder of the Common Securities and can increase or decrease the number of Administrators at any time. The Administrators may resign or be removed by the Holders of a majority in aggregate Liquidation Amount Holder of the Common Securities at any time. Upon any resignation or removal, the Depositor Holder of the Common Securities shall appoint a successor Administrator. Each successor Administrator shall sign an agreement, or a counterpart to execute this Trust Agreement, Agreement thereby agreeing to comply with with, and be legally bound by, all of the terms terms, conditions and provisions of this Trust Agreement. If at any time there is no Administrator, the Property Trustee or any Holder who has been a Holder of Trust Securities for at least six months may petition any court of competent jurisdiction for the appointment of one or more Administrators. (b) Whenever a vacancy in the number of Administrators shall occur, until such vacancy is filled by the appointment of an Administrator in accordance with this Section 8.198.20, the Administrators in office, regardless of their number (and notwithstanding any other provision of this Trust Agreement), shall have all the powers granted to the Administrators and shall discharge all the duties imposed upon the Administrators by this Trust Agreement. (c) Notwithstanding the foregoing or any other provision of this Trust Agreement, if in the event any Administrator who is a natural person dies or becomes, in the opinion of the Holder of a majority in aggregate Liquidation Amount of the Common Securities, incompetent incompetent, or incapacitated, the vacancy created by such death, incompetence or incapacity may be filled by the unanimous act of the remaining Administrators, if there were are at least two of them prior to such vacancy, and by the DepositorSponsor, if there were are not at least two such Administrators immediately prior to such vacancy (with the successor in each case being a Person who satisfies the eligibility requirement for Administrators Administrators, as the case may be, set forth in Section 8.7).