Common use of Notice of Successor Trustee Clause in Contracts

Notice of Successor Trustee. Upon acceptance of appointment by a successor trustee as provided herein, Parent shall cause to be mailed notice of the succession of such trustee hereunder to each Holder specified in a List. If Parent shall fail to cause such notice to be mailed within 10 days after acceptance of appointment by the successor trustee, the successor trustee shall cause such notice to be mailed at the expense of Parent.

Appears in 2 contracts

Samples: Exchange and Voting Trust Agreement (Worldpages Com Inc), Exchange and Voting Trust Agreement (Worldpages Com Inc)

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Notice of Successor Trustee. Upon acceptance of appointment by a successor trustee as provided hereinherein (other than pursuant to Section 9.5), Parent and Company shall cause to be mailed notice of the succession of such trustee hereunder to each Holder Beneficiary specified in a List. If Parent or Company shall fail to cause such notice to be mailed within 10 days after acceptance of appointment by the successor trustee, the successor trustee shall cause such notice to be mailed at the expense of ParentParent and Company.

Appears in 1 contract

Samples: Voting and Exchange Trust Agreement (Photon Dynamics Inc)

Notice of Successor Trustee. Upon acceptance of appointment by a successor trustee as provided herein, Parent and Company shall cause to be mailed notice of the succession of such trustee hereunder to each Holder Beneficiary specified in a List. If Parent or Company shall fail to cause such notice to be mailed within 10 days after acceptance of appointment by the successor trustee, the successor trustee shall cause such notice to be mailed at the expense of ParentParent and Company.

Appears in 1 contract

Samples: Voting and Exchange Trust Agreement (Divine Inc)

Notice of Successor Trustee. Upon acceptance of appointment by a successor trustee as provided herein, Parent and Acquisition Sub shall cause to be mailed notice of the succession of such trustee hereunder to each Holder specified in a the most current List. If Parent or Acquisition Sub shall fail to cause such notice to be mailed within 10 days after acceptance of appointment by the successor trustee, the successor trustee shall cause such notice to be mailed at the expense of ParentParent and Acquisition Sub.

Appears in 1 contract

Samples: Voting and Exchange Trust Agreement (Cubist Pharmaceuticals Inc)

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Notice of Successor Trustee. Upon acceptance of appointment by a successor trustee as provided herein, the Parent and the Corporation shall cause to be mailed notice of the succession of such trustee hereunder to each Holder Beneficiary specified in a List. If the Parent or the Corporation shall fail to cause such notice to be mailed within 10 days after acceptance of appointment by the successor trustee, the successor trustee shall cause such notice to be mailed at the expense of Parentthe Parent and the Corporation.

Appears in 1 contract

Samples: Voting and Exchange Trust Agreement (Learning Co Inc)

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