Remaining Trustees Sample Clauses

Remaining Trustees. In the event of the death, resignation, incapacity or removal of any one or more of the Trustees, the remaining Trustees shall have jointly all the powers, rights, estates and interests of the Trustees as provided hereunder and shall be charged with all duties of the Trustees hereunder.
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Remaining Trustees. If (i) such a vacancy is not filled by any remaining Trustees within ninety (90) days, and the remaining Trustees, if any, have notified the Beneficiaries of their inability to fill such vacancy or (ii) there is no remaining Trustee then, the Beneficiaries may, pursuant to Article 12 hereof, call a meeting to appoint a successor Trustee by Beneficiaries holding Units representing an aggregate of at least a majority of the total Beneficial Interests in the Trust present at the meeting, in person or by proxy. Pending the appointment of a successor Trustee, the remaining Trustee or Trustees then serving may take any action in the manner set forth in Section 8.1.
Sample 1

Related to Remaining Trustees

  • Trustees The number of Trustees shall be such number as shall be fixed from time to time by a majority of the Trustees; provided, however, that the number of Trustees shall in no event be less than two (2) nor more than (15). The natural persons who have executed this Agreement shall be the Trustees as of the date hereof.

  • The Trustees 32 Section 8.1. Certain Duties and Responsibilities...........................................................32 Section 8.2. Certain Notices...............................................................................33 Section 8.3. Certain Rights of Property Trustee............................................................34 Section 8.4. Not Responsible for Recitals or Issuance of Securities........................................36 Section 8.5. May Hold Securities...........................................................................36 Section 8.6. Compensation; Indemnity; Fees.................................................................36 Section 8.7. Corporate Property Trustee Required; Eligibility of Trustees..................................37 Section 8.8. Conflicting Interests.........................................................................38 Section 8.9. Co-Trustees and Separate Trustee..............................................................38 Section 8.10. Resignation and Removal; Appointment of Successor............................................40 Section 8.11. Acceptance of Appointment by Successor.......................................................41 Section 8.12. Merger, Conversion, Consolidation or Succession to Business..................................42 Section 8.13. Preferential Collection of Claims Against Sponsor or Trust...................................42 Section 8.14. Reports by the Property Trustee..............................................................42 Section 8.15. Reports to the Property Trustee..............................................................42 Section 8.16. Evidence of Compliance with Conditions Precedent.............................................42 Section 8.17.

  • Successor Trustees and Additional Trustees SECTION 8.01. Notice of Successor Owner Trustee......................... 47 SECTION 8.02. Resignation of Indenture Trustee; Appointment of Successor.............................................. 47 SECTION 8.03. Co-Trustees and Separate Trustees......................... 48 ARTICLE IX SUPPLEMENTS AND AMENDMENTS TO THIS INDENTURE AND OTHER DOCUMENTS

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