Common use of Appointment of Successor Voting Trustee Clause in Contracts

Appointment of Successor Voting Trustee. In the event of the resignation or deemed resignation of the Voting Trustee, the Corporation will promptly appoint a successor Voting Trustee. The successor Voting Trustee will execute and deliver an agreement to be bound by the provisions of this Agreement and will thereupon have the same rights, powers, obligations and discretion as though originally appointed as Voting Trustee without any further assurance, conveyance, act or deed, but there will be immediately executed all such conveyances or other instruments as may, in the opinion of the Corporation’s counsel, be necessary or advisable including, but not limited to, the transfer of the legal interest in all Deposited Shares and the Certificates representing such Deposited Shares to the successor Voting Trustee.

Appears in 11 contracts

Samples: Trust Declaration and Voting Trust Agreement (Boxabl Inc.), Voting Trust Agreement, Trust Declaration and Voting Trust Agreement

AutoNDA by SimpleDocs

Appointment of Successor Voting Trustee. In the event of the resignation or deemed resignation of the Voting Trustee, the Corporation will promptly appoint a successor Voting Trustee. The successor Voting Trustee will execute and deliver an agreement to be bound by the provisions of this Agreement and will thereupon have the same rights, powers, obligations and discretion as though originally appointed as Voting Trustee without any further assurance, conveyance, act or deed, but there will be immediately executed all such conveyances or other instruments as may, in the opinion of the Corporation’s counsel, be necessary or advisable including, but not limited to, the transfer of the legal interest in all Deposited Shares and the Certificates certificates representing such Deposited Shares to the successor Voting Trustee.. FORM - DO NOT COPY

Appears in 1 contract

Samples: Trust Declaration and Voting Trust Agreement

Appointment of Successor Voting Trustee. In the event of the resignation or deemed resignation of the Voting Trustee, the Corporation Company will promptly appoint a successor Voting Trustee. The successor Voting Trustee will execute and deliver an agreement to be bound by the provisions of this Agreement and will thereupon have the same rights, powers, obligations and discretion as though originally appointed as Voting Trustee without any further assurance, conveyance, act or deed, but there will be immediately executed all such conveyances or other instruments as may, in the opinion of the CorporationCompany’s counsel, be necessary or advisable including, but not limited to, the transfer of the legal interest in all Deposited Shares and the Certificates certificates representing such Deposited Shares to the successor Voting Trustee.

Appears in 1 contract

Samples: Trust Declaration and Voting Trust Agreement

Appointment of Successor Voting Trustee. In the event of the resignation or deemed resignation of the Voting Trustee, the Corporation will promptly appoint a successor Voting Trustee. The successor Voting Trustee will execute and deliver an agreement to be bound by the provisions of this Agreement and will thereupon have the same rights, powers, obligations and discretion as though originally appointed as Voting Trustee without any further assurance, conveyance, act or deed, but there will be immediately executed all such conveyances or other instruments as may, in the opinion of the Corporation’s counsel, be necessary or advisable including, but not limited to, the transfer of the legal interest in all Deposited Shares and the Certificates representing such Deposited Shares to the successor Voting Trustee.. FORM - DO NOT COPY

Appears in 1 contract

Samples: Voting Trust Agreement

AutoNDA by SimpleDocs

Appointment of Successor Voting Trustee. In the event of the resignation or deemed resignation of the Voting Trustee, the Corporation will promptly appoint a successor Voting Trustee. The successor Voting Trustee will execute and deliver an agreement to be bound by the provisions of this Agreement and will thereupon have the same rights, powers, obligations and discretion as though originally appointed as Voting Trustee without any further assurance, conveyance, act or deed, but there will be immediately executed all such conveyances or other instruments as may, in the opinion of the Corporation’s counsel, be necessary or advisable including, but not limited to, the transfer of the legal interest in all Deposited Shares and the Certificates representing such Deposited Shares to the successor Voting Trustee.. FOR

Appears in 1 contract

Samples: Voting Trust Agreement

Appointment of Successor Voting Trustee. FORM - DO NOT COPY In the event of the resignation or deemed resignation of the Voting Trustee, the Corporation will promptly appoint a successor Voting Trustee. The successor Voting Trustee will execute and deliver an agreement to be bound by the provisions of this Agreement and will thereupon have the same rights, powers, obligations and discretion as though originally appointed as Voting Trustee without any further assurance, conveyance, act or deed, but there will be immediately executed all such conveyances or other instruments as may, in the opinion of the Corporation’s counsel, be necessary or advisable including, but not limited to, the transfer of the legal interest in all Deposited Shares and the Certificates certificates representing such Deposited Shares to the successor Voting Trustee.

Appears in 1 contract

Samples: Trust Declaration and Voting Trust Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!