Common use of Appointment of Successor Trustee Clause in Contracts

Appointment of Successor Trustee. In the event of the removal or resignation of the Trustee pursuant to Sections 6.06 or 6.07, respectively, the Authority shall promptly appoint a successor Trustee. In the event the Authority shall for any reason whatsoever fail to appoint a successor Trustee within 60 days following the delivery to the Trustee of the instrument described in Section 6.06 or within 60 days following the receipt of notice by the Authority pursuant to Section 6.07, the Trustee may, at the expense of the Authority, apply to a court of competent jurisdiction for the appointment of a successor Trustee meeting the requirements of Section 6.01. Any such successor Trustee appointed by such court shall become the successor Trustee hereunder notwithstanding any action by the Authority purporting to appoint a successor Trustee following the expiration of such 60-day period.

Appointment of Successor Trustee. In the event of the removal or resignation of If the Trustee is removed or resigns pursuant to Sections 6.06 or 6.07, respectively, the Authority shall promptly appoint a successor TrusteeTrustee with respect to the Bonds. In the event If the Authority shall fails for any reason whatsoever fail to appoint a successor Trustee within 60 30 days following the delivery to the Trustee of the instrument described in Section 6.06 or within 60 30 days following the receipt of notice by the Authority and the City pursuant to Section 6.07, the Trustee may, at the expense of the Authority, may apply to a court of competent jurisdiction for the appointment of a successor Trustee meeting the requirements of Section 6.016.01 hereof. Any such successor Trustee appointed by such court shall become the successor Trustee hereunder notwithstanding any action by the Authority purporting to appoint a successor Trustee following the expiration of such 6030-day period.

Appointment of Successor Trustee. In the event of the removal or resignation of the Trustee pursuant to Sections 6.06 6.6 or 6.076.7, respectively, the Authority shall promptly appoint a successor Trustee. In the event the Authority shall for any reason whatsoever fail to appoint a successor Trustee within 60 thirty (30) days following the delivery to the Trustee of the instrument described in Section 6.06 6.6 or within 60 thirty (30) days following the receipt of notice by the Authority and the Town pursuant to Section 6.076.7, the Trustee may, at the expense of the Authority, apply to a may petition any court of competent jurisdiction for the appointment of a successor Trustee meeting the requirements of Section 6.01. Any such successor Trustee appointed by such court shall become the successor Trustee hereunder notwithstanding any action by the Authority purporting to appoint a successor Trustee following the expiration of such 60-day period6.1 hereof.

Appointment of Successor Trustee. In the event of the removal or resignation of the Trustee pursuant to Sections 6.06 or 6.07, respectively, the Authority shall promptly appoint a successor Trustee. In the event the Authority shall for any reason whatsoever fail to appoint a successor Trustee within 60 90 days following the delivery to the Trustee of the instrument described in Section 6.06 or within 60 90 days following the receipt of notice by the Authority pursuant to Section 6.07, the Trustee may, at the expense of the Authority, apply to a court of competent jurisdiction for the appointment of a successor Trustee meeting the requirements of Section 6.01. Any such successor Trustee appointed by such court shall become the successor Trustee hereunder notwithstanding any action by the Authority purporting to appoint a successor Trustee following the expiration of such 6090-day period.period.‌

Appointment of Successor Trustee. In the event of the removal or resignation of the Trustee pursuant to under Sections 6.06 7.05 or 6.077.06, respectively, with the Authority prior written consent of the Corporation, the District shall promptly appoint a successor Trustee. In the event the Authority shall District for any reason whatsoever fail fails to appoint a successor Trustee within 60 30 days following the delivery to the Trustee of the instrument described in Section 6.06 7.05 or within 60 30 days following the receipt of notice by the Authority pursuant to District under Section 6.07, the Trustee may7.06, at the expense of the Authority, District the Trustee may apply to a court of competent jurisdiction for the appointment of a successor Trustee meeting the requirements of Section 6.017.01. Any such successor Trustee appointed by such court shall become be the successor Trustee hereunder notwithstanding any action by the Authority District purporting to appoint a successor Trustee following the expiration of such 60-30 day period.

Appointment of Successor Trustee. In the event of the removal or resignation of the Trustee pursuant to Sections 6.06 6.6 or 6.076.7, respectively, the Authority shall promptly appoint a successor Trustee. In the event the Authority shall for any reason whatsoever fail to appoint a successor Trustee within 60 thirty (30) days following the delivery to the Trustee of the instrument described in Section 6.06 6.6 or within 60 thirty (30) days following the receipt of notice by the Authority Authority, the Community Facilities District, the Insurer and the City pursuant to Section 6.076.7, the Trustee may, at the expense of the Authority, apply to a may petition any court of competent jurisdiction for the appointment of a successor Trustee meeting the requirements of Section 6.016.1 hereof. Any such successor Trustee appointed by such court shall become the successor Trustee hereunder notwithstanding any action by the Authority purporting to appoint a successor Trustee following the expiration of such 60-thirty day period.

Appointment of Successor Trustee. In the event of the removal or resignation of the Trustee pursuant to Sections 6.06 or 6.07, respectively, with the prior written consent of the District, the Authority shall promptly appoint a successor Trustee. In the event the Authority shall for any reason whatsoever fail to appoint a successor Trustee within 60 ninety (90) days following the delivery to the Trustee of the instrument described in Section 6.06 or within 60 ninety (90) days following the receipt of notice by the Authority pursuant to Section 6.07, the Trustee may, at the expense of the Authority, may apply to a court of competent jurisdiction for the appointment of a successor Trustee meeting the requirements of Section 6.016.01 hereof. Any such successor Trustee appointed by such court shall become the successor Trustee hereunder notwithstanding any action by the Authority purporting to appoint a successor Trustee following the expiration of such 60ninety-day period.

Appointment of Successor Trustee. In the event of the removal or resignation of the Trustee pursuant to Sections 6.06 or 6.07, respectively, the Authority Agency shall promptly appoint a successor Trustee. In the event the Authority Agency shall for any reason whatsoever fail to appoint a successor Trustee within 60 days following the delivery to the Trustee of the instrument described in Section 6.06 or within 60 days following the receipt of notice by the Authority Agency pursuant to Section 6.07, the Trustee may, at the expense of the AuthorityAgency, apply to a court of competent jurisdiction for the appointment of a successor Trustee meeting the requirements of Section 6.01. Any such successor Trustee appointed by such court shall become the successor Trustee hereunder notwithstanding any action by the Authority Agency purporting to appoint a successor Trustee following the expiration of such 60-day period.