Common use of Co-Trustees Clause in Contracts

Co-Trustees. The Trustee may, despite Clause 16.1, by notice in writing to the Issuer appoint anyone to act as a separate trustee or as an additional trustee jointly with the Trustee: (a) if the Trustee considers such appointment to be in the interests of the Noteholders and/or the Couponholders and/or the Talonholders; (b) for the purpose of conforming with any legal requirement, restriction or condition in any jurisdiction in which any particular act is to be performed; or (c) for the purpose of obtaining a judgment in any jurisdiction or the enforcement in any jurisdiction against the Issuer of either a judgment already obtained or any of the provisions of this Trust Deed. Subject to the provisions of this Trust Deed, the Trustee may confer on any person so appointed such functions as it thinks fit. The Trustee may by notice in writing to the Issuer and such person remove any person so appointed. At the request of the Trustee, the Issuer will forthwith do all things as may be required to perfect such appointment or removal and the Issuer irrevocably appoints the Trustee to be its attorney in its name and on its behalf to do so. Before appointing such person to act as such separate trustee, the Trustee shall give notice to the Issuer of its intention to make such appointment and shall give consideration to representations made by the Issuer concerning such appointment.

Co-Trustees. The Trustee may, despite Clause 16.114.1, by notice in writing to the Issuer appoint anyone to act as a separate trustee or as an additional trustee jointly with the Trustee: (a) if the Trustee considers such appointment to be in the interests of the Noteholders and/or the Couponholders and/or the Talonholders; (b) for the purpose of conforming with any legal requirement, restriction or condition in any jurisdiction in which any particular act is to be performed; or (c) for the purpose of obtaining a judgment in any jurisdiction or the enforcement in any jurisdiction against the Issuer of either a judgment already obtained or any of the provisions of this Trust Deed. Subject to the provisions of this Trust Deed, the Trustee may confer on any person so appointed such functions as it thinks fit. The Trustee may by notice in writing to the Issuer and such person remove any person so appointed. At the request of the Trustee, the Issuer will forthwith do all things as may be required to perfect such appointment or removal and the Issuer irrevocably appoints the Trustee to be its attorney in its name and on its behalf to do so. Before appointing such person to act as such separate trustee, the Trustee shall give notice to the Issuer of its intention to make such appointment and shall give consideration to representations made by the Issuer concerning such appointment.