Common use of Appointment of Co-Trustee Clause in Contracts

Appointment of Co-Trustee. It is the purpose of this Indenture that there shall be no violation of any law of any jurisdiction, denying or restricting the right of banking corporations or associations to transact business as Trustee in such jurisdiction. It is recognized that in case of litigation under this Indenture or any Transaction Document, and in particular in case of the enforcement of any such document on default, or in case the Trustee deems that by reason of any present or future law of any jurisdiction it may not exercise any of the powers, rights or remedies herein granted to the Trustee or hold title to the properties, in trust, as herein granted, or take any other action which may be desirable or necessary in connection therewith, it may be necessary that the Trustee appoint an additional individual or institution as a separate or co-trustee. The following provisions of this Section 11.14 are adopted to these ends.

Appointment of Co-Trustee. a) It is the purpose of this Indenture that there shall be no violation of any law of any jurisdiction, jurisdiction denying or restricting the right of banking corporations or associations to transact business as Trustee in such jurisdiction. It is recognized that in case of litigation under this Indenture or any Transaction DocumentIndenture, and in particular in case of the enforcement of any such document thereof on default, or in the case the Trustee deems that by reason of any present or future law of any jurisdiction it may not exercise any of the powers, rights or remedies herein granted to the Trustee or hold title to the properties, in trust, as herein granted, granted or take any other action which may be desirable or necessary in connection therewith, it may be necessary that the Trustee appoint an additional individual or institution as a separate or co-trusteeTrustee. The following provisions of this Section 11.14 7.11 are adopted to these ends.

Appointment of Co-Trustee. i) It is the purpose of this Indenture that there shall be no violation of any law of any jurisdiction, jurisdiction denying or restricting the right of banking corporations or associations to transact business as Trustee trustee in such jurisdiction. It is recognized that in case of litigation under this Indenture or under any Transaction other Security Document, and in particular in case of the enforcement of any such document on default, or in case the Trustee deems that by reason of any present or future law of any jurisdiction it may not exercise any of the powers, rights or remedies herein granted to the Trustee or hold title to the properties, in trust, as herein granted, or take any other action which may be desirable or necessary in connection therewith, it may be necessary that the Trustee appoint an additional individual or institution as a separate trustee or co-trustee. The following provisions of this Section 11.14 are adopted adapted to these ends.