Disqualification of Appointor Clause Samples

Disqualification of Appointor. (a) The Appointor will ipso facto be disqualified from acting as Appointor or exercising any of the powers given to it by this deed if at any time: (i) where the Appointor is an individual, the Appointor: (A) dies; (B) become of unsound mind or become liable to be dealt with in any way under the law relating to mental health; or (C) is convicted of an indictable offence; or (ii) where the Appointor is a body corporate, the Appointor: (A) has a receiver or manager appointed to its assets or some of them; or (B) passes a resolution or takes or has taken against it any action having the effect of its winding up. (b) Where a sole Appointor is disqualified from acting as Appointor under clause 12.2(a), the Trustee must appoint a new Appointor in writing.