Common use of Institutional Trustee Vacancies Clause in Contracts

Institutional Trustee Vacancies. If the Institutional Trustee ceases to hold office for any reason a vacancy shall occur. A resolution certifying the existence of such vacancy by the Institutional Trustee shall be conclusive evidence of the existence of such vacancy. The vacancy shall be filled with a trustee appointed in accordance with Section 4.3.

Appears in 13 contracts

Samples: Declaration of Trust (First Community Bancorp /Ca/), Declaration of Trust (First Community Bancorp /Ca/), Declaration of Trust (State National Bancshares, Inc.)

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Institutional Trustee Vacancies. If the Institutional Trustee ------------------------------- ceases to hold office for any reason a vacancy shall occur. A resolution certifying the existence of such vacancy by the Institutional Trustee shall be conclusive evidence of the existence of such vacancy. The vacancy shall be filled with a trustee appointed in accordance with Section 4.3.

Appears in 1 contract

Samples: Declaration of Trust (Prosperity Bancshares Inc)

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Institutional Trustee Vacancies. If the Institutional --------------------------------- Trustee ceases to hold office for any reason a vacancy shall occur. A resolution certifying the existence of such vacancy by the Institutional Trustee shall be conclusive evidence of the existence of such vacancy. The vacancy shall be filled with a trustee appointed in accordance with Section 4.3.

Appears in 1 contract

Samples: Declaration of Trust (Community Capital Bancshares Inc)

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