Delegation of Obligations of the Administrative Trustee. The Administrative Trustee may at any time delegate all or a portion of its duties and obligations under this Agreement to another entity, including the trust administrator, without the consent of the Sponsor, the Delaware Trustee, any Registered Owner and any Beneficial Owner. The Administrative Trustee may terminate such other entity at any time and is not required to appoint a replacement therefor.
Appears in 14 contracts
Samples: Trust Agreement (iShares GS Commodity Industrial Metals Indexed Trust), Trust Agreement (iShares GSCI Commodity-Indexed Investing Pool LLC), Trust Agreement (iShares GS Commodity Natural Gas Indexed Trust)
Delegation of Obligations of the Administrative Trustee. The Administrative Trustee may at any time delegate all or a portion of its duties and obligations under this Agreement to another entity, including the trust administrator, without the consent of the Sponsor, the Delaware Trustee, any Registered Owner and any Beneficial Owner; provided, that no such delegation shall be deemed to release the Administrative Trustee from any duties or obligations so delegated. The Administrative Trustee may terminate such other entity delegate at any time and is not required to appoint a replacement therefor.
Appears in 1 contract
Samples: Trust Agreement (iShares S&P GSCI Commodity-Indexed Investing Pool LLC)
