Common use of Appointment of Successor Calculation Agent Clause in Contracts

Appointment of Successor Calculation Agent. Any successor Calculation Agent appointed by the Company shall execute and deliver to the Calculation Agent and to the Company an instrument accepting such appointment, and thereupon such successor Calculation Agent shall, without any further act or instrument, become vested with all the rights, immunities, duties and obligations of the Calculation Agent, with like effect as if originally named as Calculation Agent hereunder, and the Calculation Agent shall thereupon be obligated to transfer and deliver, and such successor Calculation Agent shall be entitled to receive and accept copies of any available records maintained by the Calculation Agent in connection with the performance of its obligations hereunder.

Appointment of Successor Calculation Agent. Any successor Calculation Agent appointed by the Company Operating Partnership shall execute and deliver to the incumbent Calculation Agent and to the Company Operating Partnership an instrument accepting such appointment, appointment and thereupon such successor Calculation Agent shall, without any further act or instrument, become vested with all the rights, immunities, duties and obligations of the incumbent Calculation Agent, with like effect as if originally named as initial Calculation Agent hereunder, and the incumbent Calculation Agent shall thereupon be obligated to transfer and deliver, and such successor Calculation Agent shall be entitled to receive and accept accept, copies of any available records maintained by the incumbent Calculation Agent in connection with the performance of its obligations hereunder.