EIGHTEENTH. Except as provided in Article SEVENTH of this Trust, the Trustee shall 17 make no accounting to the Settlor until the date of termination of this Trust, and, at such time, it 18 shall be required to make full and proper accounting and turn over to the Settlor all assets of the 19 Trust then held by it the said Trustee. 21 NINETEENTH: The Trustee (and any substitute or successor) shall have the right, by a 22 duly acknowledged instrument delivered to the Settlor to resign as Trustee in which event the 23 Settlor shall designate and appoint a substitute or successor Trustee (subject to the prior written 24 approval of the Director, U.S. Office of Government Ethics) in its place and stead, which shall 25 have all of the rights, powers, discretions, and duties conferred or imposed hereunder upon the 26 original Trustee.
Appears in 4 contracts
Samples: Trust Agreement, Qualified Diversified Trust Agreement, Qualified Diversified Trust Agreement
EIGHTEENTH. Except as provided in Article SEVENTH of this Trust, the Trustee shall 17 make no accounting to the Settlor until the date of termination of this Trust, and, at such time, it 18 shall be required to make full and proper accounting and turn over turnover to the Settlor all assets of the 19 Trust then held by it the said Trustee. 21 NINETEENTH: The Trustee (and any substitute or successor) shall have the right, by a 22 duly acknowledged instrument delivered to the Settlor to resign as Trustee in which event the 23 Settlor shall designate and appoint a substitute or successor Trustee (subject to the prior written 24 approval of the Director, U.S. Office of Government Ethics) in its place and stead, which shall 25 have all of the rights, powers, discretions, and duties conferred or imposed hereunder upon the 26 original Trustee.
Appears in 3 contracts
Samples: Qualified Diversified Trust Agreement, Model Qualified Diversified Trust Provisions, Model Qualified Diversified Trust Provisions
EIGHTEENTH. Except as provided in Article SEVENTH of this Trust, the Trustee shall 17 12 make no accounting to the Settlor until the date of termination of this Trust, and, at such time, it 18 13 shall be required to make full and proper accounting and turn over to the Settlor all assets of the 19 14 Trust then held by it the said Trustee. 21 16 NINETEENTH: The Trustee (and any substitute or successor) shall have the right, by a 22 17 duly acknowledged instrument delivered to the Settlor to resign as Trustee in which event the 23 18 Settlor shall designate and appoint a substitute or successor Trustee (subject to the prior written 24 19 approval of the Director, U.S. Office of Government Ethics) in its place and stead, which shall 25 20 have all of the rights, powers, discretions, and duties conferred or imposed hereunder upon the 26 21 original Trustee.
Appears in 1 contract