Common use of Appointment of Additional Owner Trustees Clause in Contracts

Appointment of Additional Owner Trustees. At any time or times for the purpose of meeting any legal requirements of any jurisdiction in which any part of the Trust Estate may at the time be located, the Owner Trustee, by an instrument in writing, may appoint one or more individuals or corporations to act as separate trustee or separate trustees of all or any part of the Trust Estate to the full extent that local law makes it necessary or appropriate for such separate trustee or separate trustees to act alone.

Appointment of Additional Owner Trustees. At any time or times for the purpose of meeting any legal requirements of any jurisdiction in which any part of the Trust Estate Property may at the time be located, the Owner Trustee, by an instrument in writing, may appoint one or more individuals or corporations to act as separate trustee Owner Trustee or separate trustees Owner Trustees of all or any part of the Trust Estate Property to the full extent that a local law makes it necessary or appropriate for such separate trustee Owner Trustee or separate trustees Owner Trustees to act alone.