Common use of BY TRUSTEE OR TRUST MANAGER Clause in Contracts

BY TRUSTEE OR TRUST MANAGER. Each of the Trustee and the Trust Manager may assign and transfer its rights under this Agreement to a person who succeeds it as Trustee or Trust Manager (as the case may be) under the Trust Deed. The Mortgage Manager must upon request by the Trustee execute such documents as the Trustee or the Trust Manager may reasonably require at the cost of the Trustee or the Trust Manager (as the case may be) to transfer to the successor Trustee or Trust Manager (as the case may be) the rights and obligations of the Trustee or the Trust Manager (as the case may be) under this Agreement upon it ceasing to hold the office of Trustee or Trust Manager (as the case may be) under the Trust Deed.