Common use of Appointment of Co-Trustee Clause in Contracts

Appointment of Co-Trustee. The Issuer, the Guarantors and the Trustee may, at any time, appoint a co-trustee for any purpose or purposes of this Indenture if considered necessary or desirable in the circumstances including, without limitation, to fulfill any legal requirement under the applicable laws of any jurisdiction, including any applicable provision of the Canada Business Corporations Act, subject to the following provisions and conditions: (i) the instrument appointing the co-trustee shall refer to this Indenture and the conditions of this Section 7.12; (ii) the instrument appointing the co-trustee shall set forth the rights, powers, duties and obligations under or in connection with this Indenture to be made available to, imposed upon, exercised and performed by the co-trustee and may, for greater certainty, identify those rights, powers, duties and obligations that will not be made available to, imposed upon, exercised or performed by such co-trustee; and (iii) no trustee hereunder shall be responsible for or personally liable by reason of any act or omission of any other trustee hereunder.

Appointment of Co-Trustee. The IssuerCompany, the Guarantors Guarantor and the Trustee may, at any time, appoint a co-trustee for any purpose or purposes of this Indenture if considered necessary or desirable in the circumstances including, without limitation, to fulfill fulfil any legal requirement under the applicable laws of any jurisdiction, including any applicable provision of the Canada Business Corporations Act, subject to the following provisions and conditions: (i) the instrument appointing the co-trustee shall refer to this Indenture and the conditions of this Section 7.12; (ii) the instrument appointing the co-trustee shall set forth the rights, powers, duties and obligations under or in connection with this Indenture to be made available to, imposed upon, exercised and performed by the co-trustee and may, for greater certainty, identify those rights, powers, duties and obligations that will not be made available to, imposed upon, exercised or performed by such co-trustee; and (iii) no trustee hereunder shall be responsible for or personally liable by reason of any act or omission of any other trustee hereunder.