Appointment of Additional 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 a local law makes it necessary for such separate trustee or separate trustees to act alone. No trustee shall be liable for the acts or omissions of any other trustee appointed hereunder.
Appointment of Additional Trustees. (a) At any time or times for the purpose of meeting any legal requirements of any jurisdiction in which any of the Trust Property may at the time be located, or if the Owner Trustee otherwise deems such appointment necessary for its own protection, the Board of Managers and the Owner Trustee shall have the power to appoint one or more individuals or corporations either to act as co-trustee, or co-trustees, jointly with the Owner Trustee of all or any part of the Trust Property or to act as separate trustee or separate trustees of all or any part of the Trust Property and to vest in such Person or Persons, in such capacity, such title to the Trust Property or any part thereof, and such rights, powers, duties, trusts or obligations as the Owner Trustee may consider necessary or desirable, subject to the other provisions of this Section 13.02.
(b) Unless otherwise provided in the instrument appointing such co-trustee or separate trustee, every co-trustee or separate trustee shall, to the extent permitted by law, be appointed subject to the following terms, namely:
(i) All rights, powers, trusts, duties and obligations by this Agreement conferred upon the Owner Trustee in respect of the custody, control or management of moneys, papers, securities and other personal property, shall be exercised solely by the Owner Trustee;
(ii) All rights, powers, trusts, duties and obligations conferred or imposed upon the trustees shall be conferred or imposed upon and exercised or performed by the Owner Trustee, or by the Owner Trustee and such co-trustee or co-trustees, or separate trustee or separate trustees jointly, except to the extent that, under the law of any jurisdiction in which any particular act or acts are to be performed, the Owner Trustee shall be incompetent or unqualified to perform such act or acts, in which event such act or acts shall be performed by such co-trustee or co-trustees or separate trustee or separate trustees;
(iii) Any request in writing by the Owner Trustee to any co-trustee or separate trustee to take or to refrain from taking any action hereunder shall be sufficient warrant for the taking, or the refraining from taking, of such action by such co-trustee or separate trustee;
(iv) Any co-trustee or separate trustee to the extent permitted by law may delegate to the Owner Trustee the exercise of any right, power, trust, duty or obligation, discretionary or otherwise;
(v) The Owner Trustee at any time, by an instrument in writing and at the wr...
Appointment of Additional Trustees. The Secretary of State may give a warning notice to the Trustees where—
Appointment of Additional Trustees. 20 ARTICLE X MISCELLANEOUS
Appointment of Additional Trustees. The person or persons from time to time in office as trustees of the trust created under this agreement may, at any time or times, appoint additional or successor trustees of such trust. Upon the death, resignation, or refusal or inability to serve of the then acting trustee, if no successor trustee has been appointed by such departing trustee, settlor shall appoint a successor trustee, except that in no event shall the settlor be successor trustee.
Appointment of Additional Trustees. At any time or times for the purpose of meeting any legal requirements of any jurisdiction in which any part of the Trust Property may at the time be located, the Trustee and the Administrator, acting jointly, by an instrument in writing, may appoint one or more individuals or other Persons approved by the Administrator and the Trustee to act as separate trustee or separate trustees of all or any part of the Trust Property to the full extent that local law makes it necessary or appropriate for such separate trustee or separate trustees to act alone. If the Administrator shall not have joined in such appointment within 15 days after the receipt of such request, the Trustee, acting alone, shall have the power to make such appointment.
Appointment of Additional Trustees. At any time or times for the purpose of meeting any legal requirements of any jurisdiction in which any part of the Trust Property may at the time be located, the Trustee, by an instrument in writing, may appoint one or more Persons to act as co-trustee(s) or separate trustee or separate trustees of all or any part of the Trust Property to the full extent that local law makes it necessary or appropriate for such co-trustee(s) or separate trustee or separate trustees to act alone.
Appointment of Additional Trustees. At any time or times, for the purpose of meeting any legal requirements of any jurisdiction in which any part of the Trust Property may at the time be located, the Trustee, by an instrument in writing, may appoint one or more individuals or corporations to act as separate trustees of all or any part of the Trust Property to the full extent that local law makes it necessary for such separate trustees to act alone.
Appointment of Additional Trustees. 25 7.7 NOT ACTING IN INDIVIDUAL CAPACITY................... 26
Appointment of Additional Trustees. 23 7.07. Not Acting in Individual Capacity.................................... 23 7.08. Liability of the Certificateholder................................... 23 7.09. Acting in its Own Name............................................... 24 7.10. Decisions by Owner Trustee........................................... 24 ARTICLE VIII Co-Trustees
