Common use of Designation and Succession of Authenticating Agents Clause in Contracts

Designation and Succession of Authenticating Agents. With the consent of the Issuer, the Trustee may appoint an Authenticating Agent or Agents, in addition to the Trustee, with power to act on its behalf and subject to its direction in the authentication and delivery of Bonds in connection with transfers and exchanges hereunder. For all purposes of this Indenture, the authentication and delivery of Bonds by an Authenticating Agent pursuant to this Section shall be deemed to be authentication and delivery of those Bonds "by the Trustee", and any authorized signatory of an Authenticating Agent shall be deemed an "authorized signatory" on behalf of the Trustee for any such authentication. Any corporation or association with or into which any Authenticating Agent may be merged or converted or with which it may be consolidated, or any corporation or association resulting from any merger, consolidation or conversion to which any Authenticating Agent shall be a party, or any corporation or association succeeding to the trust business of any Authenticating Agent, shall be the successor of that Authenticating Agent hereunder, if that successor corporation or association is otherwise eligible hereunder, without the execution or filing of any paper or any further act on the part of the parties hereto or of the predecessor or that successor Authenticating Agent. Any Authenticating Agent may at any time resign by giving written notice of resignation to the Trustee, the Registrar and the Company. The Trustee may at any time terminate the agency of any Authenticating Agent by giving written notice of termination to such Authenticating Agent, the Registrar and the Company. Upon receiving such a notice of resignation or upon such a termination, or in case at any time any Authenticating Agent shall cease to be eligible under this Section, the Trustee may appoint a successor Authenticating Agent. The Trustee shall give written notice of appointment of a successor Authenticating Agent to the Company, the Issuer and the Tender Agent and shall mail, within ten days after that appointment, notice thereof to all Holders as their names and addresses appear on the Register on the date of that appointment.

Designation and Succession of Authenticating Agents. With the written consent of the IssuerUniversity, the Trustee may appoint an Authenticating Agent or Agents, in addition to the TrusteeRegistrar, with power to act on its behalf and subject to its direction in the authentication and delivery of Bonds Obligations in connection with transfers and exchanges hereunderunder Section 2.04 hereof. For all purposes of this IndentureTrust Agreement, the authentication and delivery of Bonds and Notes by an Authenticating Agent pursuant to this Section shall be deemed to be authentication and delivery of those Bonds Obligations "by the Trustee", and any authorized signatory of an Authenticating Agent shall be deemed an "authorized signatory." on behalf of the Trustee for any such authentication. Any corporation or association with or into which any Authenticating Agent may be merged or converted or with which it may be consolidated, or any corporation or association resulting from any merger, consolidation or conversion to which any Authenticating Agent shall be a party, or any corporation or association succeeding to the trust business of any Authenticating Agent, shall be the successor of that Authenticating Agent hereunder, if that successor corporation or association is otherwise eligible hereunder, without the execution or filing of any paper or any further act on the part of the parties hereto or of the predecessor Authenticating Agent or that such successor Authenticating Agentcorporation. Any Authenticating Agent may at any time resign by giving written notice of resignation to the Trustee, to the Registrar and to the CompanyUniversity. The Trustee may at any time terminate the agency of any Authenticating Agent by giving written notice of termination to such Authenticating Agent, to the Registrar Registrar, and to the CompanyUniversity. Upon receiving such a notice of resignation or upon such a termination, or in case at any time any Authenticating Agent shall cease to be eligible under this Section, the Trustee may may, with the written consent of, the University, appoint a successor Authenticating Agent. The Trustee shall give written notice of appointment of a successor Authenticating Agent to the Company, the Issuer University and the Tender Agent Registrar and shall mail, within ten days after that appointment, notice thereof to all Holders as their names and addresses appear on the Register on the date of that appointment. The Trustee shall pay to any Authenticating Agent from time to time customary compensation for its services, and the Trustee shall be entitled to be reimbursed for such payments, subject to Section 5.02 hereof. The provisions of Section 2.04 hereof and Subsections (b), (c), (d), (j) and (k) of Section 5.01 hereof shall be applicable to any Authenticating Agent.

Designation and Succession of Authenticating Agents. With the consent of the IssuerState, the Trustee may appoint appoint, and upon the request of the State the Trustee shall appoint, an Authenticating Agent or Agents, in addition to the TrusteeRegistrar, with power to act on its behalf and subject to its direction in the authentication and delivery of Bonds in connection with transfers and exchanges hereunderunder Sections 3.06 and 4.02 hereof. For all purposes of this Indenture, the authentication and delivery of Bonds by an Authenticating Agent pursuant to this Section shall be deemed to be authentication and delivery of those Bonds "by the Trustee", and any authorized signatory of an Authenticating Agent shall be deemed an "authorized signatory" on behalf of the Trustee for any such authentication. Any corporation or association with or into which any Authenticating Agent may be merged or converted or with which it may be consolidated, or any corporation or association resulting from any merger, consolidation or conversion to which any Authenticating Agent shall be a party, or any corporation or association succeeding to all or substantially all of the corporate trust business of any Authenticating Agent, shall be the successor of that Authenticating Agent hereunder, hereunder if that successor corporation or association is otherwise eligible hereunder, without the execution signing or filing of any paper or any further act on the part of the parties hereto or of the predecessor Authenticating Agent or that such successor Authenticating Agentcorporation. Any Authenticating Agent may resign at any time resign by giving written notice of resignation to the Trustee, to the Registrar Registrar, ABPC and to the CompanyState. The Trustee may at any time terminate the agency of any Authenticating Agent at any time by giving written notice of termination to such Authenticating Agent, to the Registrar Registrar, ABPC and to the CompanyState. Upon receiving such a notice of resignation or upon such a termination, or in case at any time any Authenticating Agent shall cease to be eligible under this Section, the Trustee may appoint a successor Authenticating Agent. The Trustee shall give written notice of appointment of a successor Authenticating Agent to the CompanyState, the Issuer ABPC and the Tender Agent Registrar and shall mailmail notice thereof, within ten days after that appointment, notice thereof to all Holders as their names and addresses appear on the Register on the date of that appointment. The Trustee shall pay to any Authenticating Agent from time to time reasonable compensation for its services, and the Trustee shall be entitled to be reimbursed for such payments, subject to Section 6.03 hereof. The provisions of Sections 3.06 and paragraphs (b), (c), (d), (h) and (i) of Section 6.02 shall be applicable to any Authenticating Agent.

Designation and Succession of Authenticating Agents. The Fifth Third Bank is hereby appointed Authenticating Agent for purposes of this Indenture. With the consent of the Issuer, the Trustee may appoint an Authenticating Agent or Agents, in addition to the TrusteeRegistrar, with power to act on its behalf and subject to its direction in the authentication and delivery of Bonds in connection with transfers and exchanges hereunderunder Sections 3.06 and 4.02 hereof. For all purposes of this Indenture, the authentication and delivery of Bonds by an Authenticating Agent pursuant to this Section shall be deemed to be authentication and delivery of those Bonds "by the Trustee", and any authorized signatory of an Authenticating Agent shall be deemed an "authorized signatory" on behalf of the Trustee for any such authentication. Any corporation or association with or into which any Authenticating Agent may be merged or converted or with which it may be consolidated, or any corporation or association resulting from any merger, consolidation or conversion to which any Authenticating Agent shall be a party, or any corporation or association succeeding to the trust business of any Authenticating Agent, shall be the successor of that Authenticating Agent hereunder, if that successor corporation or association is otherwise eligible hereunder, without the execution or filing of any paper or any further act on the part of the parties hereto or of the predecessor Authenticating Agent or that such successor Authenticating Agentcorporation or association. Any Authenticating Agent may at any time resign by giving written notice of resignation to the Trustee, to the Registrar Registrar, to the Bank, to the Issuer and to the CompanyBorrower. The Trustee may at any time terminate the agency of any Authenticating Agent Agent, by giving written notice of termination to such Authenticating Agent, to the Registrar Issuer, to the Registrar, to the Bank and to the CompanyBorrower. Upon receiving such a notice of resignation or upon such a termination, or in case at any time any Authenticating Agent shall cease to be eligible under this Section, the Trustee may appoint a successor Authenticating Agent. The Trustee shall give written notice of appointment of a successor Authenticating Agent to the CompanyBorrower, the Issuer Issuer, the Bank and the Tender Agent Registrar and shall mail, within ten (10) days after that appointment, notice thereof to all the Holders of such Bonds for which such successor is Authenticating Agent as their names and addresses appear on the Register on the date of that appointment. The Borrower shall pay to any Authenticating Agent from time to time customary compensation for its services. The provisions of Section 3.05 and 3.06 and Subsections 6.02(b), (c), (d), (h) and (i) hereof shall be applicable to any Authenticating Agent.

Designation and Succession of Authenticating Agents. With the consent of the Issuer, the Trustee may appoint an Authenticating Agent or Agents, in addition to the TrusteeRegistrar, with power to act on its behalf and subject to its direction in the authentication and delivery of Bonds in connection with transfers and exchanges hereunderunder Sections 3.06 and 4.02 hereof. For all purposes of this Indenture, the authentication and delivery of Bonds by an Authenticating Agent pursuant to this Section shall be deemed to be authentication and delivery of those Bonds "by the Trustee", and any authorized signatory of an Authenticating Agent shall be deemed an "authorized signatory" on behalf of the Trustee for any such authentication. Any corporation or association with or into which any Authenticating Agent may be merged or converted or with which it may be consolidated, or any corporation or association resulting from any merger, consolidation or conversion to which any Authenticating Agent shall be a party, or any corporation or association succeeding to the trust business of any Authenticating Agent, shall be the successor of that Authenticating Agent hereunder, if that successor corporation or association is otherwise eligible hereunder, without the execution or filing of any paper or any further act on the part of the parties hereto or of the predecessor Authenticating Agent or that such successor Authenticating Agentcorporation or association. Any Authenticating Agent may at any time resign by giving written notice of resignation to the Trustee, to the Registrar Registrar, to the Bank, to the Issuer and to the CompanyBorrower. The Trustee may at any time terminate the agency of any Authenticating Agent Agent, by giving written notice of termination to such Authenticating Agent, to the Registrar Issuer, to the Registrar, to the Bank and to the CompanyBorrower. Upon receiving such a notice of resignation or upon such a termination, or in case at any time any Authenticating Agent shall cease to be eligible under this Section, the Trustee may appoint a successor Authenticating Agent. The Trustee shall give written notice of appointment of a successor Authenticating Agent to the CompanyBorrower, the Issuer Issuer, the Bank and the Tender Agent Registrar and shall mail, within ten (10) days after that appointment, notice thereof to all the Holders of such Bonds for which such successor is Authenticating Agent as their names and addresses appear on the Register on the date of that appointment. The Trustee shall pay to any Authenticating Agent from time to time reasonable compensation for its services, and the Trustee shall be entitled to be reimbursed for such payments, subject to Section 6.03 hereof. The provisions of Section 3.05 and 3.06 and Subsections 6.02(b), (c), (d), (h) and (i) hereof shall be applicable to any Authenticating Agent.

Designation and Succession of Authenticating Agents. With the consent of the Issuer, the Trustee may appoint an Authenticating Agent or Agents, in addition to the Trustee, with power to act on its behalf and subject to its direction in the authentication and delivery of Bonds in connection with transfers and exchanges hereunder. For all purposes of this Indenture, the authentication and delivery of Bonds by an Authenticating Agent pursuant to this Section shall be deemed to be authentication and delivery of those Bonds "“by the Trustee"”, and any authorized signatory of an Authenticating Agent shall be deemed an "“authorized signatory" ” on behalf of the Trustee for any such authentication. Any corporation or association with or into which any Authenticating Agent may be merged or converted or with which it may be consolidated, or any corporation or association resulting from any merger, consolidation or conversion to which any Authenticating Agent shall be a party, or any corporation or association succeeding to the trust business of any Authenticating Agent, shall be the successor of that Authenticating Agent hereunder, if that successor corporation or association is otherwise eligible hereunder, without the execution or filing of any paper or any further act on the part of the parties hereto or of the predecessor or that successor Authenticating Agent. Any Authenticating Agent may at any time resign by giving written notice of resignation to the Trustee, the Registrar and the Company. The Trustee may at any time terminate the agency of any Authenticating Agent by giving written notice of termination to such Authenticating Agent, the Registrar and the Company. Upon receiving such a notice of resignation or upon such a termination, or in case at any time any Authenticating Agent shall cease to be eligible under this Section, the Trustee may appoint a successor Authenticating Agent. The Trustee shall give written notice of appointment of a successor Authenticating Agent to the Company, the Issuer and the Tender Agent and shall mail, within ten days after that appointment, notice thereof to all Holders as their names and addresses appear on the Register on the date of that appointment.

Designation and Succession of Authenticating Agents. With the consent of the IssuerAuthority, the Trustee may appoint appoint, and upon the request of the Authority the Trustee shall appoint, an Authenticating Agent or Agents, in addition to the TrusteeRegistrar, with power to act on its behalf and subject to its direction in the authentication and delivery of Bonds in connection with transfers and exchanges hereunderunder Sections 2.07 and 3.02 hereof. For all purposes of this IndentureCFC Master Trust Agreement, the authentication and delivery of Bonds by an Authenticating Agent pursuant to this Section shall be deemed to be authentication and delivery of those Bonds "by the Trustee", and any authorized signatory of an Authenticating Agent shall be deemed an "authorized signatory" on behalf of the Trustee for any such authentication. Any corporation or association with or into which any Authenticating Agent may be merged or converted or with which it may be consolidated, or any corporation or association resulting from any merger, consolidation or conversion to which any Authenticating Agent shall be a party, or any corporation or association succeeding to the trust business of any Authenticating Agent, shall be the successor of that Authenticating Agent hereunder, hereunder if that successor corporation or association is otherwise eligible hereunder, without the execution signing or filing of any paper or any further act on the part of the parties hereto or of the predecessor Authenticating Agent or that such successor Authenticating Agentcorporation. Any Authenticating Agent may resign at any time resign by giving 90 days written notice of resignation to the Trustee, to the Registrar and to the CompanyAuthority. The Trustee may at any time terminate the agency of any Authenticating Agent at any time by giving written notice of termination to such Authenticating Agent, to the Registrar and to the CompanyAuthority. Upon receiving such a notice of resignation or upon such a termination, or in case at any time any Authenticating Agent shall cease to be eligible under this Section, the Trustee may appoint a successor Authenticating Agent. The Trustee shall give written notice of appointment of a successor Authenticating Agent to the Company, the Issuer Authority and the Tender Agent Registrar and shall mailmail notice thereof, within ten days after that appointment, notice thereof to all Holders as their names and addresses appear on the Register on the date of that appointment. Except with the consent of the Authority, the Trustee may not resign as Authenticating Agent unless it also resigns as Trustee. The Authenticating Agent also may be removed at any time for any breach of trust or for acting or proceeding in violation of, or for failing to act or proceed in accordance with, any provision of this CFC Master Trust Agreement with respect to the duties and obligations of the Authenticating Agent by any court of competent jurisdiction upon the application of the Authority or the Holders of not less than 25% in Aggregate Principal Amount of the Bonds then outstanding under this CFC Master Trust Agreement. The Trustee shall pay to any Authenticating Agent from time to time reasonable compensation for its services, and the Trustee shall be entitled to be reimbursed for such payments, subject to Section 6.03 hereof and the agreement provided for therein. The provisions of Sections 2.07(b) and paragraphs (b), (c), (d), (h) and (i) of Section 6.02 shall be applicable to any Authenticating Agent.