Appointment of Co Trustees. At any time or times, for the purpose of meeting the legal requirements of any jurisdiction in which any collateral may at the time be located, or if the Trustee is unable or unwilling to execute any documents in a jurisdiction in which any collateral may at any time be located or hold or enforce the rights of the secured parties thereunder, each of the Company and the Trustee shall have power to appoint, and, upon the written request of the Trustee or of the Holders of at least twenty-five percent (25%) in aggregate principal amount of all of the Securities then Outstanding, the Company shall for such purpose join with the Trustee in the execution and delivery of all instruments and agreements necessary or proper to appoint, one or more Persons approved by the Trustee and, if no Event of Default shall have occurred and be continuing, by the Company either to act as co-Trustee, jointly with the Trustee, of all or any part of any collateral, or to act as separate Trustee of any such property, in either case with such powers as may be provided in the instrument of appointment, and to vest in such Person or Persons, in the capacity aforesaid, any property, title, right or power deemed necessary or desirable, subject to the other provisions of this Section. If the Company does not join in such appointment within fifteen (15) days after the receipt by it of a request so to do, or if an Event of Default shall have occurred and be continuing, the Trustee alone shall have power to make such appointment. Should any written instrument or instruments from the Company and the Guarantor be required by any co-Trustee or separate Trustee so appointed to more fully confirm to such co-Trustee or separate Trustee such property, title, right or power, any and all such instruments shall, on request, be executed, acknowledged and delivered by the Company and the Guarantor. Every co-Trustee or separate Trustee shall, to the extent permitted by law, but to such extent only, be appointed subject to the following conditions:
Appointment of Co Trustees. (a) It is the intent of this Indenture that there shall be no violation of any law of any State denying or restricting the right of banking corporations or associations to transact business as trustee in such State. It is recognized that in case of litigation under this Indenture, and in particular in case of enforcement upon the occurrence of an Event of Default, or in the case of the circumstances described in the last sentence of Section 6.07(c) or in case the Trustee deems that by reason of any present or future law of any State it may not exercise any of the powers, rights or remedies herein granted to it 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 Issuer or the Trustee appoint an individual or institution as a separate or co-trustee for such purpose. The following provisions of this Section 6.12 are adopted to these ends.
Appointment of Co Trustees. At any time or times, in order to comply with any legal requirement in any jurisdiction, the Trustee may appoint another bank or trust company or one or more other persons, either to act as co-trustees or co-trustee, jointly with the Trustee, or to act as separate trustee or trustees on behalf of the Holders with such power and authority as may be necessary for the effectual operation of the provisions hereof and may be specified in the instrument of appointment (which may, in the discretion of the Trustee, include provisions for the protection of such co-trustee or separate trustee similar to the provisions of Sections 9 and 11 hereof).
Appointment of Co Trustees. Pursuant to Section 3806 of the Delaware -------------------------- Act, the following persons are hereby appointed to manage the business and affairs of the Trust as trustees (the "Co-Trustees") for the benefit of the Owners as herein set forth: Xxxxxxxxxxx Xxxxxxxxxx Xxx Xxxxx Xxxxx Xxxxxx Xxxxxxxxx, XX 00000-0000 Xxxxx Xxxxx Xxx Xxxxx Xxxxx Xxxxxx Xxxxxxxxx, XX 00000-0000 Xxxxxxx Xxxxxx Xxx Xxxxx Xxxxx Xxxxxx Xxxxxxxxx, XX 00000-0000 Xxxxxxx X. Xxxxxxxxx 0000 Xxxxxxx Xxxx Prospect Heights, IL 60070 Xxxxxxxxx X. Xxxxx 0000 Xxxxxxx Xxxx Prospect Heights, IL 60070 Xxxxxxx X. Xxxxxxxx 0000 Xxxxxxx Xxxx Prospect Heights, IL 60070 The Co-Trustees shall have all such rights, duties and obligations with respect to the management of the business and affairs of the Trust and the Trust Property as are permitted under applicable law and not otherwise expressly vested solely in the Owner Trustee in this Agreement, including, without limitation, the right to direct the Owner Trustee as provided in Section 4.02 hereof, subject to the limitations on the activities of the Trust imposed by Section 2.03 hereof. In addition, except as otherwise set forth in Section 10.07 hereof, any Co-Trustee shall have the power and authority to execute, on behalf of the Trust, any documents that the Majority Co-Trustees instruct such Co-Trustee to execute.
Appointment of Co Trustees. (a) At any time or times, for the purpose of meeting the legal requirements of any jurisdiction or discharging the Trustee’s duties and performing its obligations in the administration of the trusts hereof, each of the Issuers and the Trustee shall have power to appoint one or more persons approved by the Trustee and, if no Default or Event of Default shall have occurred and be continuing, by the Issuers either to act as co-trustee, jointly with the Trustee, of all or any part of the rights, powers, duties, obligations or trusts hereof, or to act as separate trustee of any such rights, powers, duties, obligations or trusts, as may be provided in the instrument of appointment, and to vest in such person or persons, in the capacity aforesaid, any property, title, right or power deemed necessary or desirable, subject to the other provisions of this Section 7.10. If a Default or Event of Default shall have occurred and be continuing, the Trustee alone shall have power to make such appointment.
Appointment of Co Trustees. Pursuant to Section 3806 of the Business Trust Statute, the following persons are hereby appointed to manage the business and affairs of the Trust as trustees (the "Co-Trustees") for the benefit of the owners of the Certificates of Beneficial Interest as herein set forth: Name Mailing Address ---- --------------- Xxxx Xxxxxxx National Financial Corporation 000 XX 00xx Xxxxxx, Xxxxx 000 Xxxx Xxxxx, Xxxxxxx 00000 Xxxxx Xxxx National Financial Corporation 000 XX 00xx Xxxxxx, Xxxxx 000 Xxxx Xxxxx, Xxxxxxx 00000 The Co-Trustees shall have all such rights, duties and obligations with respect to the management of the business and affairs of the Trust and the Trust Property as are permitted under applicable law and not otherwise expressly vested in the Owner Trustee in this Agreement, including, without limitation, the right to direct the Owner Trustee as provided in Section 2.09 hereof, subject to the limitations on the activities of the Trust imposed by Section 2.07 hereof.
Appointment of Co Trustees. At any time or times, for the purpose of meeting any legal requirements of any jurisdiction in which any part of the Collateral may at the time be located, the Issuer (and in case of an Event of Default has occurred and is
Appointment of Co Trustees
