Common use of Appointment of Co-Trustee Clause in Contracts

Appointment of Co-Trustee. Notwithstanding any other provisions of this Indenture, at any time, for the purpose of meeting any legal requirement of any jurisdiction in which any part of the trust created under this Indenture may at the time be located, the Trustee shall have the power and may execute and deliver all instruments necessary to appoint one or more Persons to act as a co-trustee or co-trustees, or separate trustee or separate trustees, of all or any part of such trust, and to vest in such Person or Persons, in such capacity and for the benefit of the Holders, such title to the trust, or any part hereof, and subject to the other provisions of this Section, such powers, duties, obligations, rights and trusts as the Trustee may consider necessary or desirable. No co-trustee or separate Trustee hereunder shall be required to meet the terms of eligibility as a successor trustee under Section 608 and no notice to Holders of the appointment of any co-trustee or separate trustee shall be required under Section 609 hereof.

Appears in 4 contracts

Samples: Indenture (Ellington Financial Inc.), Indenture (New York Mortgage Trust Inc), Indenture (Ellington Financial LLC)

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Appointment of Co-Trustee. Notwithstanding any other provisions of this Indenture, at any time, for the purpose of meeting any legal requirement of any jurisdiction in which any part of the trust created under this Indenture may at the time be located, the Trustee shall have the power and may execute and deliver all instruments necessary to appoint one or more Persons to act as a co-trustee or co-trustees, or separate trustee or separate trustees, of all or any part of such trust, and to vest in such Person or Persons, in such capacity and for the benefit of the Holders, such title to the trust, or any part hereof, and subject to the other provisions of this Section, such powers, duties, obligations, rights and trusts as the Trustee may consider necessary or desirable. No co-trustee or separate Trustee trustee hereunder shall be required to meet the terms of eligibility as a successor trustee under Section 608 and no notice to Holders of the appointment of any co-trustee or separate trustee shall be required under Section 609 hereof.

Appears in 1 contract

Samples: Indenture (HomeStreet, Inc.)

Appointment of Co-Trustee. Notwithstanding any other provisions of this Indenture, at any time, for the purpose of meeting any legal requirement of any jurisdiction in which any part of the trust created under this Indenture may at the time be locatedCompany is located or doing business, the Trustee shall have the power and may execute and deliver all instruments necessary to appoint one or more Persons to act as a co-trustee or co-trustees, or separate trustee or separate trustees, of all or any part of such trustthe Securities, and to vest in such Person or Persons, in such capacity and for the benefit of the Holders, such title to the trust, Securities or any part hereofthereof, and subject to the other provisions of this Section, such powers, duties, obligations, rights and trusts as the Trustee may consider necessary or desirable. No co-trustee or separate Trustee trustee hereunder shall be required to meet the terms of eligibility as a successor trustee under Section 608 6.07 and no notice to Holders of the appointment of any co-trustee or separate trustee shall be required under Section 609 6.07 hereof.

Appears in 1 contract

Samples: Indenture (China Mobile Hong Kong LTD)

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Appointment of Co-Trustee. Notwithstanding any other provisions of this Indenture, at any time, for the purpose of meeting any legal requirement of any jurisdiction in which any part of the trust created under this Indenture may at the time be locatedCompany is located or doing business, the Trustee shall shall, with the prior written approval of the Company (except during the continuance of an Event of Default, in which case no such prior written approval is required), have the power and may execute and deliver all instruments necessary to appoint one or more Persons to act as a co-trustee or co-trustees, or separate trustee or separate trustees, of all or any part of such trustthe Securities, and to vest in such Person or Persons, in such capacity and for the benefit of the Holders, such title to the trust, Securities or any part hereofthereof, and subject to the other provisions of this Section, such powers, duties, obligations, rights and trusts as the Trustee may consider necessary or desirable. No co-trustee or separate Trustee trustee hereunder shall be required to meet the terms of eligibility as a successor trustee under Section 608 610 and no notice to Holders of the appointment of any co-trustee or separate trustee shall be required under Section 609 610 hereof.

Appears in 1 contract

Samples: Indenture (China Telecom Corp LTD)

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