Common use of Assignment of Powers and Property Clause in Contracts

Assignment of Powers and Property. Prior Trustee hereby confirms, assigns, transfers and sets over to Successor, its successors and assigns in trust under the Indenture, all property, rights, powers, duties, trusts, immunities and obligations of Prior Trustee as Trustee.

Appears in 3 contracts

Samples: Resignation, Appointment and Acceptance Agreement, Resignation, Appointment and Acceptance Agreement (Cooker Restaurant Corp /Oh/), Resignation, Appointment and Acceptance Agreement (Pillowtex Corp)

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Assignment of Powers and Property. Prior Trustee hereby confirms, assigns, transfers and sets over to Successor, its successors and assigns in trust under the Indenture, all property, rights, powers, duties, trusts, immunities and obligations of Prior Trustee as Trustee. As of the Effective Date, Prior Trustee will hold no property under the Indenture.

Appears in 1 contract

Samples: Resignation, Appointment and Acceptance Agreement (Unova Inc)

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