Common use of APPOINTMENT OF SUCCESSOR TO TRUSTEE Clause in Contracts

APPOINTMENT OF SUCCESSOR TO TRUSTEE. (a) A successor Trustee to a Trustee which has been removed by a Special Resolution of Unitholders under Section 6.3, shall be appointed by an Ordinary Resolution at a meeting of Unitholders duly called for that purpose, provided the successor meets the requirements of Section 6.6. (b) Subject to Section 6.6, the Corporation may appoint a successor to any Trustee which has been removed by a Special Resolution of the Unitholders under Section 6.3, or which has not been reappointed under Section 6.1, if the Unitholders fail to do so at such meeting. (c) Subject to Section 6.6, the Corporation may appoint a successor to any trustee which has given a notice of resignation under Section 6.2. No appointment of any successor Trustee shall be effective until such successor Trustee shall have complied with the provisions of Section 6.2(ii).

APPOINTMENT OF SUCCESSOR TO TRUSTEE. (a) A successor Trustee to a Trustee which has been removed by a Special Resolution of Unitholders under Section 6.37.3, shall be appointed by an Ordinary Resolution at a meeting of Unitholders duly called for that purpose, provided the successor meets the requirements of Section 6.67.6. (b) Subject to Section 6.67.6, the Corporation may appoint a successor to any Trustee which has been removed by a Special Resolution of the Unitholders under Section 6.37.3, or which has not been reappointed under Section 6.17.1, if the Unitholders fail to do so at such meeting. (c) Subject to Section 6.67.6, the Corporation may appoint a successor to any trustee Trustee which has given a notice of resignation under Section 6.27.2. No appointment of any successor Trustee shall be effective until such successor Trustee shall have complied with the provisions of Section 6.2(ii7.2(ii).