Common use of Qualifications of Successor Trustee Clause in Contracts

Qualifications of Successor Trustee. Every successor trustee appointed pursuant to the provisions of this Article shall be a trust company or bank in good standing, qualified to accept such trust and acceptable to the Issuer and the Company.

Qualifications of Successor Trustee. Every successor trustee Successor Trustee appointed pursuant to the provisions of this Article shall be a trust company or bank in good standing, standing and qualified to accept such trust having a reported capital and acceptable to the Issuer and the Companysurplus of not less than $10,000,000.

Qualifications of Successor Trustee. Every successor trustee Trustee appointed pursuant to the provisions of this Article shall be a trust company or bank in good standing, qualified to accept such trust and acceptable to the Issuer and the Company.