Common use of Manner of Vesting Title in Trustee Clause in Contracts

Manner of Vesting Title in Trustee. Any successor Trustee appointed hereunder shall execute, acknowledge and deliver to its predecessor Trustee, and also to the Authority, an instrument accepting such appointment hereunder, and thereupon such successor Trustee, without any further act, deed or conveyance shall become fully vested with all the estate, properties, rights, powers, trusts, duties and obligations of its predecessors in trust hereunder (except that the predecessor Trustee shall continue to have the benefits to indemnification hereunder together with the successor Trustee), with like effect as if originally named as Trustee herein; but, the Trustee ceasing to act shall nevertheless, on the written request of an Authorized Representative, or an authorized officer of the successor Trustee, execute, acknowledge and deliver such instruments of conveyance and further assurance and do such other things as may reasonably be required for more fully and certainly vesting and confirming in such successor Trustee all the right, title and interest of the Trustee which it succeeds, in and to the Trust Estate and such rights, powers, trusts, duties and obligations, and the Trustee ceasing to act also, upon like request, shall pay over, assign and deliver to the successor Trustee any money or other property or rights subject to the lien of this Indenture, including any pledged securities which may then be in its possession. Should any deed or instrument in writing from the Authority be required by the successor Trustee for more fully and certainly vesting in and confirming to such new Trustee such estate, properties, rights, powers and duties, any and all such deeds and instruments in writing shall on request be executed, acknowledged and delivered by the Authority. In case any of the Notes to be issued hereunder shall have been authenticated but not delivered, any successor Trustee may adopt the certificate of authentication of the Trustee or of any successor to the Trustee; and in case any of the Notes shall not have been authenticated, any successor to the Trustee may authenticate such Notes in its own name; and in all such cases such certificate shall have the full force which it has anywhere in the Notes or in this Indenture.

Appears in 6 contracts

Samples: Indenture of Trust, Indenture of Trust, Indenture of Trust

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Manner of Vesting Title in Trustee. Any successor Trustee appointed hereunder shall execute, acknowledge acknowledge, and deliver to its predecessor Trustee, and also to the AuthorityBorrower and the Facility Agent, an instrument accepting such appointment hereunder, and thereupon such successor Trustee, without any further act, deed deed, or conveyance shall become fully vested with all the estate, properties, rights, powers, trusts, duties duties, and obligations of its predecessors in trust hereunder (except that the predecessor Trustee shall continue to have the benefits to indemnification hereunder together with the successor Trustee), with like effect as if originally named as Trustee herein; but, but the Trustee ceasing to act shall nevertheless, on the written request of an Authorized Representativethe Borrower, or an authorized officer of the successor Trustee, execute, acknowledge acknowledge, and deliver such instruments of conveyance and further assurance and do such other things as may reasonably be required for more fully and certainly vesting and confirming in such successor Trustee all the right, title title, and interest of the Trustee which it succeeds, in and to the Trust Estate Pledged Collateral and such rights, powers, trusts, duties duties, and obligations, and the Trustee ceasing to act also, upon like request, shall pay over, assign assign, and deliver to the successor Trustee any money or other property or rights subject to the lien of this IndentureAgreement, including any pledged securities which may then be in its possession. Should any deed or instrument in writing from the Authority Borrower be required by the successor Trustee for more fully and certainly vesting in and confirming to such new Trustee such estate, properties, rights, powers powers, and duties, any and all such deeds and instruments in writing shall on request be executed, acknowledged and delivered by the Authority. In case any of the Notes to be issued hereunder shall have been authenticated but not delivered, any successor Trustee may adopt the certificate of authentication of the Trustee or of any successor to the Trustee; and in case any of the Notes shall not have been authenticated, any successor to the Trustee may authenticate such Notes in its own name; and in all such cases such certificate shall have the full force which it has anywhere in the Notes or in this IndentureBorrower.

Appears in 2 contracts

Samples: Loan Purchase Agreement (Nelnet Inc), Loan Purchase Agreement (Nelnet Inc)

Manner of Vesting Title in Trustee. Any successor Trustee appointed hereunder shall execute, acknowledge acknowledge, and deliver to its predecessor Trustee, and also to the AuthorityIssuer and the Agents, an instrument accepting such appointment hereunder, and thereupon such successor Trustee, without any further act, deed deed, or conveyance shall become fully vested with all the estate, properties, rights, powers, trusts, duties duties, and obligations of its predecessors in trust hereunder (except that the predecessor Trustee shall continue to have the benefits to indemnification hereunder together with the successor Trustee), with like effect as if originally named as Trustee herein; but, but the Trustee ceasing to act shall nevertheless, on the written request of an Authorized Representativethe Issuer, or an authorized officer of the successor Trustee, execute, acknowledge acknowledge, and deliver such instruments of conveyance and further assurance and do such other things as may reasonably be required for more fully and certainly vesting and confirming in such successor Trustee all the right, title title, and interest of the Trustee which it succeeds, in and to the Trust Estate Pledged Collateral and such rights, powers, trusts, duties duties, and obligations, and the Trustee ceasing to act also, upon like request, shall pay over, assign assign, and deliver to the successor Trustee any money or other property or rights subject to the lien of this IndentureAgreement, including any pledged securities which may then be in its possession. Should any deed or instrument in writing from the Authority Issuer be required by the successor Trustee for more fully and certainly vesting in and confirming to such new Trustee such estate, properties, rights, powers powers, and duties, any and all such deeds and instruments in writing shall on request be executed, acknowledged and delivered by the Authority. In case any of the Notes to be issued hereunder shall have been authenticated but not delivered, any successor Trustee may adopt the certificate of authentication of the Trustee or of any successor to the Trustee; and in case any of the Notes shall not have been authenticated, any successor to the Trustee may authenticate such Notes in its own name; and in all such cases such certificate shall have the full force which it has anywhere in the Notes or in this IndentureIssuer.

Appears in 1 contract

Samples: Custodian Agreement (Nelnet Inc)

Manner of Vesting Title in Trustee. Any successor Trustee appointed hereunder shall execute, acknowledge acknowledge, and deliver to its predecessor Trustee, and also to the AuthorityIssuer, an instrument accepting such appointment hereunder, and thereupon such successor Trustee, without any further act, deed deed, or conveyance shall become fully vested with all the estate, properties, rights, powers, trusts, duties duties, and obligations of its predecessors in trust hereunder (except that the predecessor Trustee shall continue to have the benefits to indemnification hereunder together with the successor Trustee), with like effect as if originally named as Trustee herein; but, but the Trustee ceasing to act shall nevertheless, on the written request of an Authorized RepresentativeOfficer of the Issuer, or an authorized officer of the successor Trustee, execute, acknowledge acknowledge, and deliver such instruments of conveyance and further assurance and do such other things as may reasonably be required for more fully and certainly vesting and confirming in such successor Trustee all the right, title title, and interest of the Trustee which it succeeds, in and to the Trust Estate pledged Revenue and Funds and such rights, powers, trusts, duties duties, and obligations, and the Trustee ceasing to act also, upon like request, shall pay over, assign assign, and deliver to the successor Trustee any money or other property or rights subject to the lien of this Indenture, including any pledged securities which may then be in its possession. Should any deed or instrument in writing from the Authority Issuer be required by the successor Trustee for more fully and certainly vesting in and confirming to such new Trustee such estate, properties, rights, powers powers, and duties, any and all such deeds and instruments in writing shall on request be executed, acknowledged and delivered by the AuthorityIssuer. In case any of the Notes to be issued hereunder shall have been authenticated but not delivered, any successor Trustee may adopt the certificate of authentication of the Trustee or of any successor to the Trustee; and in case any of the Notes shall not have been authenticated, any successor to the Trustee may authenticate such Notes in its own name; and in all such cases such certificate shall have the full force which it has anywhere in the Notes or in this Indenture.

Appears in 1 contract

Samples: Indenture of Trust (Union Financial Services I Inc)

Manner of Vesting Title in Trustee. Any successor Trustee appointed hereunder shall execute, acknowledge and deliver to its predecessor Trustee, Trustee and also to the AuthorityCity, an instrument accepting such appointment hereunder, and thereupon such successor Trustee, without any further act, deed or conveyance conveyance, shall become fully vested with all the estate, properties, rights, powers, trusts, duties and obligations of its predecessors in trust hereunder (except that the predecessor Trustee shall continue to have the benefits to indemnification hereunder together with the successor Trustee)hereunder, with like effect as if originally named as Trustee herein; but, but the Trustee ceasing to act shall nevertheless, on the written request of an Authorized Representativethe City, each Credit Provider or an authorized officer of the successor Trustee, execute, acknowledge and deliver such instruments of conveyance and further assurance assurances and do such other things as may reasonably be required for more fully and certainly vesting and confirming in such successor Trustee all the right, title and interest of the Trustee to which it succeeds, in and to the Trust Estate and such rights, powers, trusts, duties and obligations, and the Trustee ceasing to act shall also, upon like request, shall pay over, assign and deliver to the successor Trustee any money or other the property or rights subject to the lien of this Indenture, including any pledged securities which may then be in its possession. Should any deed or instrument in writing from the Authority City, the Tenant or RentCo be required by the successor new Trustee for more fully and certainly vesting in and confirming confirming, to such new Trustee such estate, properties, rights, powers and duties, any and all such deeds deeds, and instruments in writing shall shall, on request request, be executed, acknowledged and delivered by the Authority. In case any of City and the Notes City shall cause the Tenant and RentCo to be issued hereunder shall have been authenticated but not delivered, any successor Trustee may adopt the certificate of authentication of the Trustee or of any successor deliver such instrument to the Trustee; and in case any of the Notes shall not have been authenticated, any successor to the Trustee may authenticate such Notes in its own name; and in all such cases such certificate shall have the full force which it has anywhere in the Notes or in this Indenture.

Appears in 1 contract

Samples: Master Indenture

Manner of Vesting Title in Trustee. Any successor Trustee appointed hereunder shall execute, acknowledge acknowledge, and deliver to its predecessor Trustee, and also to the AuthorityIssuer and the Agents, an instrument accepting such appointment hereunder, and thereupon such successor Trustee, without any further act, deed deed, or conveyance shall become fully vested with all the estate, properties, rights, powers, trusts, duties and obligations of its predecessors in trust hereunder (except that the predecessor Trustee shall continue to have the benefits to indemnification hereunder together with the successor Trustee), with like effect as if originally named as Trustee herein; but, but the Trustee ceasing to act shall nevertheless, on the written request of an Authorized Representativethe Issuer, or an authorized officer of the successor Trustee, execute, acknowledge acknowledge, and deliver such instruments of conveyance and further assurance and do such other things as may reasonably be required for more fully and certainly vesting and confirming in such successor Trustee all the right, title title, and interest of the Trustee which it succeeds, in and to the Trust Estate Pledged Collateral and such rights, powers, trusts, duties duties, and obligations, and the Trustee ceasing to act also, upon like request, shall pay over, assign assign, and deliver to the successor Trustee any money or other property or rights subject to the lien of this IndentureAgreement, including any pledged securities which may then be in its possession. Should any deed or instrument in writing from the Authority Issuer be required by the successor Trustee for more fully and certainly vesting in and confirming to such new Trustee such estate, properties, rights, powers powers, and duties, any and all such deeds and instruments in writing shall on request be executed, acknowledged and delivered by the Authority. In case any of the Notes to be issued hereunder shall have been authenticated but not delivered, any successor Trustee may adopt the certificate of authentication of the Trustee or of any successor to the Trustee; and in case any of the Notes shall not have been authenticated, any successor to the Trustee may authenticate such Notes in its own name; and in all such cases such certificate shall have the full force which it has anywhere in the Notes or in this IndentureIssuer.

Appears in 1 contract

Samples: Warehouse Note Purchase and Security Agreement (Nelnet Inc)

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Manner of Vesting Title in Trustee. Any successor Trustee appointed hereunder shall execute, acknowledge acknowledge, and deliver to its predecessor Trustee, and also to the AuthorityBorrower and the Lenders, an instrument accepting such appointment hereunder, and thereupon such successor Trustee, without any further act, deed deed, or conveyance shall become fully vested with all the estate, properties, rights, powers, trusts, duties duties, and obligations of its predecessors in trust hereunder (except that the predecessor Trustee shall continue to have the benefits to indemnification hereunder together with the successor Trustee), with like effect as if originally named as Trustee herein; but, but the Trustee ceasing to act shall nevertheless, on the written request of an Authorized Representativethe Borrower, or an authorized officer of the successor Trustee, execute, acknowledge acknowledge, and deliver such instruments of conveyance and further assurance and do such other things as may reasonably be required for more fully and certainly vesting and confirming in such successor Trustee all the right, title title, and interest of the Trustee which it succeeds, in and to the Trust Estate Pledged Collateral and such rights, powers, trusts, duties duties, and obligations, and the Trustee ceasing to act also, upon like request, shall pay over, assign assign, and deliver to the successor Trustee any money or other property or rights subject to the lien of this IndentureAgreement, including any pledged securities which may then be in its possession. Should any deed or instrument in writing from the Authority Borrower be required by the successor Trustee for more fully and certainly vesting in and confirming to such new Trustee such estate, properties, rights, powers powers, and duties, any and all such deeds and instruments in writing shall on request be executed, acknowledged and delivered by the Authority. In case any of the Notes to be issued hereunder shall have been authenticated but not delivered, any successor Trustee may adopt the certificate of authentication of the Trustee or of any successor to the Trustee; and in case any of the Notes shall not have been authenticated, any successor to the Trustee may authenticate such Notes in its own name; and in all such cases such certificate shall have the full force which it has anywhere in the Notes or in this IndentureBorrower.

Appears in 1 contract

Samples: Custodian Agreement (Nelnet Inc)

Manner of Vesting Title in Trustee. Any successor Trustee appointed hereunder shall execute, acknowledge acknowledge, and deliver to its predecessor Trustee, and also to the AuthorityBorrower, the Eligible Lender Trustee and the Administrative Agent, an instrument accepting such appointment hereunder, and thereupon such successor Trustee, without any further act, deed deed, or conveyance conveyance, shall become fully vested with all the estate, properties, rights, powers, trusts, duties duties, and obligations of its predecessors in trust hereunder (except that the predecessor Trustee shall continue to have the benefits to indemnification hereunder together with the successor Trustee), with like effect as if originally named as Trustee herein; but, but the Trustee ceasing to act shall nevertheless, on the written request of an Authorized Representativethe Borrower, or an authorized officer of the successor Trustee, execute, acknowledge acknowledge, and deliver such instruments of conveyance and further assurance and do such other things as may reasonably be required for more fully and certainly vesting and confirming in such successor Trustee all the right, title title, and interest of the Trustee which it succeeds, in and to the Trust Estate Pledged Collateral and such rights, powers, trusts, duties duties, and obligations, and the Trustee ceasing to act also, upon like request, shall pay over, assign assign, and deliver to the successor Trustee any money or other property or rights subject to the lien of this IndentureAgreement, including any pledged securities which may then be in its possession. Should any deed or instrument in writing from the Authority Borrower be required by the successor Trustee for more fully and certainly vesting in and confirming to such new Trustee such estate, properties, rights, powers powers, and duties, any and all such deeds and instruments in writing shall on request be executed, acknowledged and delivered by the Authority. In case any of the Notes to be issued hereunder shall have been authenticated but not delivered, any successor Trustee may adopt the certificate of authentication of the Trustee or of any successor to the Trustee; and in case any of the Notes shall not have been authenticated, any successor to the Trustee may authenticate such Notes in its own name; and in all such cases such certificate shall have the full force which it has anywhere in the Notes or in this IndentureBorrower.

Appears in 1 contract

Samples: Loan Purchase Agreement (Nelnet Inc)

Manner of Vesting Title in Trustee. Any successor Trustee appointed hereunder shall execute, acknowledge acknowledge, and deliver to its predecessor Trustee, and also to the AuthorityCorporation, an instrument accepting such appointment hereunder, and thereupon such successor Trustee, without any further act, deed deed, or conveyance shall become fully vested with all the estate, properties, rights, powers, trusts, duties duties, and obligations of its predecessors in trust hereunder (except that the predecessor Trustee shall continue to have the benefits to indemnification hereunder together with the successor Trustee), with like effect as if originally named as Trustee herein; but, but the Trustee ceasing to act shall nevertheless, on the written request of an Authorized RepresentativeRepresentative of the Corporation, or an authorized officer of the successor Trustee, execute, acknowledge acknowledge, and deliver such instruments of conveyance and further assurance and do such other things as may reasonably be required for more fully and certainly vesting and confirming in such successor Trustee all the right, title title, and interest of the Trustee which it succeeds, in and to the Trust Estate and such rights, powers, trusts, duties duties, and obligations, and the Trustee ceasing to act also, upon like request, shall pay over, assign assign, and deliver to the successor Trustee any money or other property or rights subject to the lien of this Indenture, including any pledged securities which may then be in its possession. Should any deed or instrument in writing from the Authority Corporation be required by the successor Trustee for more fully and certainly vesting in and confirming to such new Trustee such estate, properties, rights, powers powers, and duties, any and all such deeds and instruments in writing shall on request be executed, acknowledged and delivered by the AuthorityCorporation. In case any of the Notes to be issued hereunder shall have been authenticated but not delivered, any successor Trustee may adopt the certificate of authentication of the Trustee or of any successor to the Trustee; and in case any of the Notes shall not have been authenticated, any successor to the Trustee may authenticate such Notes in its own name; and in all such cases such certificate of authentication shall have the full force which it has anywhere in the Notes or in this Indenture.

Appears in 1 contract

Samples: Indenture of Trust

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