Common use of Change in Trustee Clause in Contracts

Change in Trustee. If there is any change in the identity of the Trustee in accordance with the Trust Agreement, then the Custodian, the Trustee and the Trust shall execute such documents and shall take such actions as the new Trustee and the outgoing Trustee may reasonably require for the purpose of vesting in the new Trustee the rights and obligations of the outgoing Trustee, and releasing the outgoing Trustee from its future obligations under this Agreement.

Appears in 36 contracts

Samples: Unallocated Account Agreement, Allocated Account Agreement, Allocated Account Agreement

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Change in Trustee. If there is any change in the identity of the Trustee in accordance with the Trust AgreementAgreement or of the Sponsor, then the Custodian, the Trustee Trustee, the Sponsor and the Trust shall execute such documents and shall take such actions as the new Trustee and the outgoing Trustee or the new Sponsor and the outgoing Sponsor may reasonably require for the purpose of vesting in the new Trustee or the new Sponsor (as the case may be) the rights and obligations of the outgoing Trustee, and releasing the outgoing Trustee or the outgoing Sponsor from its future obligations under this Agreement.

Appears in 1 contract

Samples: Unallocated Account Agreement (Etfs Silver Trust)

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