Common use of Notice to Lessor of Successor Trustee(s) Clause in Contracts

Notice to Lessor of Successor Trustee(s). In the event this Lease is held in trust, and the Lessee is a trustee thereof, the substitution or succession of a new trustee shall not be an assignment or transfer for the purposes of this Paragraph. Xxxxxx (and by operation of law, any successor trustee) agrees to provide prompt notice to Xxxxxx of any succession or substitution of trustee in accordance with Paragraph 16(c) of General Provisions, no later than sixty (60) days after the named trustee as appears on the face of this Lease becomes unable or ceases to serve as trustee for any reason.

Notice to Lessor of Successor Trustee(s). In the event this Lease is held in trust, and the Lessee is a trustee thereof, the substitution or succession of a new trustee shall not be an assignment or transfer for the purposes of this Paragraph. Xxxxxx Lessee (and by operation of law, any successor trustee) agrees to provide prompt notice to Xxxxxx Lessor of any succession or substitution of trustee in accordance with Paragraph 16(c) of General Provisions, no later than sixty (60) days after the named trustee as appears on the face of this Lease becomes unable or ceases to serve as trustee for any reason.