Common use of Appointment of Ancillary Trustees Clause in Contracts

Appointment of Ancillary Trustees. If at any time it becomes necessary under the laws of any jurisdiction other than Texas for a trustee qualified under such laws to make any action with respect to assets held in the Trust Estate, or if at any time in its discretion the Trustees determine it would be useful or desirable in connection with the administration of the Trust Estate, the Trustor may appoint in writing an individual, bank, or trust company legally qualified to act in such other jurisdiction to serve as ancillary Trustee for such purposes. Such ancillary Trustee shall have all rights, privileges, powers, responsibilities, and duties as are delegated in writing by the appointing Trustee and consistent with the provisions of this Trust Agreement. Such ancillary Trustee shall be responsible to the Trustees for all assets with respect to which the ancillary Trustee is empowered to act. To the extent permitted under the laws of such other jurisdiction, the Trustor may remove an ancillary Trustee at any time, without cause and without the necessity of any court proceeding, and may appoint a successor ancillary Trustee from time to time and at any time.