Appointment of Administrative Trustees. (a) There shall at all times be one or more Administrative Trustees hereunder with respect to the Trust Securities. Each Administrative Trustee shall be either a natural person who is at least 21 years of age or a legal entity that shall act through one or more persons authorized to bind that entity. Each of the individuals identified as an “Administrative Trustee” in the preamble of this Trust Agreement hereby accepts his or her appointment as such.
Appointment of Administrative Trustees. (a) The Administrative Trustees shall initially be Xxxxxx X. Xxxxxxx, an individual, and Xxxxx X. Xxxxxx, an individual, and their successors shall be appointed by the Holder of the Common Securities and may be removed by the Holder of the Common Securities at any time. Each Administrative Trustee shall sign an agreement agreeing to comply with the terms of this Trust Agreement. If at any time there is no Administrative Trustee, 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 Administrative Trustee.
Appointment of Administrative Trustees. (a) The Administrative Trustees shall initially be ________________, an individual, and ___________________, an individual, and their successors shall be appointed by the Holders of a Majority in Liquidation Amount of the Common Securities, and they may resign or be removed by the Holders of a Majority in Liquidation Amount of the Common Securities at any time. Upon any resignation or removal, the Holders of the Common Securities shall appoint a successor Administrative Trustee. Each successor Administrative Trustee shall sign an agreement agreeing to comply with the terms of this Trust Agreement. If at any time there is no Administrative Trustee, 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 Administrative Trustees.
Appointment of Administrative Trustees. (a) The Administrative Trustees shall initially be [ ], an individual, and [ ], an individual, and their successors shall be appointed by the Holder of the Common Securities and may be removed by the Holder of the Common Securities at any time. Each Administrative Trustee shall sign an agreement agreeing to comply with the terms of this Trust Agreement. If at any time there is no Administrative Trustee, 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 Administrative Trustee.
Appointment of Administrative Trustees. (a) The Administrative Trustees shall initially be K. B. Xxxxx, an individual, X. X. Xxxxxx, an individual, and X. X. Xxxxxx, an individual, and their successors shall be appointed by the Holders of a Majority in Liquidation Amount of the Common Securities and may resign or may be removed by the Holders of a Majority in Liquidation Amount of the Common Securities at any time. Upon any resignation or removal, the Depositor shall appoint a successor Administrative Trustee. Each Administrative Trustee shall sign an agreement agreeing to comply with the terms of this Trust Agreement. If at any time there is no Administrative Trustee, 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 Administrative Trustees.
Appointment of Administrative Trustees. 52 ARTICLE IX
Appointment of Administrative Trustees. 43 Section 8.5. Duties and Responsibilities of the Trustees..............43 Section 8.6. Notices of Defaults and Extensions.......................45 Section 8.7. Certain Rights of Property Trustee.......................45
Appointment of Administrative Trustees. (a) The Administrative Trustees shall initially be Xxxxx X. Xxxxxxxxx, an individual, and Xxxxxxx X. Xxxxxxxxxx, Xx., an individual, and their successors shall be appointed by the Holder of a Majority in Liquidation Amount of the Common Securities, and may resign or be removed by the Holders of a Majority in Liquidation Amount of the Common Securities at any time. Upon any resignation or removal, the Depositor shall appoint a successor Administrative Trustee. If at any time there is no Administrative Trustee, 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 Administrative Trustees.
Appointment of Administrative Trustees. 53 ARTICLE IX Termination, Liquidation and Merger 54
Appointment of Administrative Trustees. Section 8.5. Duties and Responsibilities of the Trustees Section 8.6. Notices of Defaults and Extensions Section 8.7. Certain Rights of Property Trustee
