Common use of Appointment of Co Clause in Contracts

Appointment of Co. Indenture Trustee or Separate Indenture --------------------------------------------------------------- Trustee. (a) 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 Estate may at the time be located, the Indenture Trustee shall have the power and may execute and deliver all instruments 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 the Trust Estate, and to vest in such Person or Persons, in such capacity and for the benefit of the Noteholders, such title to the Trust Estate, or any part thereof, and, subject to the other provisions of this Section, such powers, duties, obligations, rights and trusts as the Indenture 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 6.11 and no notice to Noteholders of the appointment of any co-trustee or separate trustee shall be required under Section 6.08 hereof.

Appears in 1 contract

Samples: Thornburg Mortgage Asset Corp

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Appointment of Co. Indenture Trustee or Separate Indenture --------------------------------------------------------------- --------------------------------------------------------- Trustee. (a) 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 Estate may at the time be located, the Indenture Trustee shall have the power and may execute and deliver all instruments 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 the Trust EstateTrust, and to vest in such Person or Persons, in such capacity and for the benefit of the Noteholders, such title to the Trust Estate, or any part thereofhereof, and, subject to the other provisions of this Section, such powers, duties, obligationsobli- gations, rights and trusts as the Indenture 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 6.11 and no notice to Noteholders of the appointment of any co-trustee or separate trustee shall be required under Section 6.08 hereof.

Appears in 1 contract

Samples: Master Servicing Agreement (Provident Bank)

Appointment of Co. Indenture Trustee or Separate ----------------------------------------------- Indenture --------------------------------------------------------------- Trustee. (a) 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 Estate may at the time be located, the Indenture Trustee shall have the power and may execute and deliver all instruments 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 the Trust EstateTrust, and to vest in such Person or Persons, in such capacity and for the benefit of the Noteholders, such title to the Trust Estate, or any part thereofhereof, and, subject to the other provisions of this Section, such powers, duties, obligations, rights and trusts as the Indenture 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 6.11 and no notice to Noteholders of the appointment of any co-co- trustee or separate trustee shall be required under Section 6.08 hereof.

Appears in 1 contract

Samples: Administration Agreement (Merrill Lynch Mortgage Investors Inc)

Appointment of Co. Indenture Trustee or Separate Indenture --------------------------------------------------------------- --------------------------------------------------------- Trustee. (a) 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 Estate may at the time be located, the Indenture Trustee shall have the power and may execute and deliver all instruments 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 the Trust EstateTrust, and to vest in such Person or Persons, in such capacity and for the benefit of the Noteholders, such title to the Trust Estate, or any part thereofhereof, and, subject to the other provisions of this Section, such powers, duties, obligations, rights and trusts as the Indenture 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 6.11 and no notice to Noteholders of the appointment of any co-trustee or separate trustee shall be required under Section 6.08 6 08 hereof.

Appears in 1 contract

Samples: Administration Agreement (Credit Suisse First Boston Mortgage Securities Corp)

Appointment of Co. Indenture Trustee or Separate Indenture --------------------------------------------------------------- --------------------------------------------------------- Trustee. (a) 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 Estate may at the time be located, the Indenture Trustee shall have the power and may may, (with the prior consent of the Swap Counterparty) execute and deliver all instruments 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 the Trust EstateTrust, and to vest in such Person or Persons, in such capacity and for the benefit of the NoteholdersNoteholders (and the Swap Counterparty), such title to the Trust Estate, or any part thereofhereof, and, subject to the other provisions of this Section, such powers, duties, obligations, rights and trusts as the Indenture 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 6.11 and no notice to Noteholders of the appointment of any co-co- trustee or separate trustee shall be required under Section 6.08 hereof.

Appears in 1 contract

Samples: Administration Agreement (Ml Asset Backed Corp)

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Appointment of Co. Indenture Trustee or Separate Indenture --------------------------------------------------------------- --------------------------------------------------------- Trustee. (a) 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 Estate may at the time be located, the Indenture Trustee shall have the power and may execute and deliver all instruments 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 the Trust EstateTrust, and to vest in such Person or Persons, in such capacity and for the benefit of the Noteholders, such title to the Trust Estate, or any part thereofhereof, and, subject to the other provisions of this Section, such powers, duties, obligations, rights and trusts as the Indenture 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 6.11 and no notice to Noteholders of the appointment of any co-trustee or separate trustee shall be required under Section 6.08 hereof.

Appears in 1 contract

Samples: Master Servicing Agreement (Indymac Abs Inc)

Appointment of Co. Indenture Trustee or Separate ----------------------------------------------- Indenture --------------------------------------------------------------- Trustee. (a) 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 Estate Collateral may at the time be located, the Indenture Trustee shall have the power and may execute and deliver all instruments to appoint one or more Persons to act as a co-trustee or co-co- trustees, or separate trustee or separate trustees, of all or any part of the Trust EstateTrust, and to vest in such Person or Persons, in such capacity and for the benefit of the Noteholders, such title to the Trust EstateCollateral, or any part thereofhereof, and, subject to the other provisions of this Section, such powers, duties, obligations, rights and trusts as the Indenture 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 6.11 hereof ------------ and no notice to Noteholders of the appointment of any co-trustee or separate trustee shall be required under Section 6.08 hereof.

Appears in 1 contract

Samples: Ace Securities Corp

Appointment of Co. Indenture Trustee or Separate ----------------------------------------------- Indenture --------------------------------------------------------------- Trustee. (a) 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 Estate Collateral may at the time be located, the Indenture Trustee shall have the power and may execute and deliver all instruments to appoint one or more Persons to act as a co-trustee or co-co- trustees, or separate trustee or separate trustees, of all or any part of the Trust EstateTrust, and to vest in such Person or Persons, in such capacity and for the benefit of the Noteholders, such title to the Trust EstateCollateral, or any part thereofhereof, and, subject to the other provisions of this Section, such powers, duties, obligations, rights and trusts as the Indenture 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 6.11 hereof ------------ and no notice to Noteholders of the appointment of any co-trustee or separate trustee shall be required under Section 6.08 hereof.. ------------

Appears in 1 contract

Samples: Ascent Entertainment Group Inc

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