Common use of Removal and Appointment Clause in Contracts

Removal and Appointment. In accordance with Section 5.5 of the Agreement, (i) the Corporation hereby removes Computershare and Trust Company as Depositary under the Agreement, (ii) the Corporation hereby appoints Broadridge as successor Depositary under the Agreement, which shall be vested with the same rights, powers, duties and obligations as if it had been originally named as Depositary, and (iii) Broadridge hereby accepts such appointment as Depositary, in each case effective as of the Amendment Effective Date.

Appears in 4 contracts

Samples: Deposit Agreement (Regions Financial Corp), Deposit Agreement (Regions Financial Corp), Deposit Agreement (Regions Financial Corp)

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Removal and Appointment. In accordance with Section 5.5 5.5(b) of the Agreement, (i) the Corporation hereby removes Computershare and Trust Company as Depositary under the Agreement, (ii) the Corporation hereby appoints Broadridge as successor Depositary under the Agreement, which shall be vested with the same rights, powers, duties and obligations as if it had been originally named as Depositary, and (iii) Broadridge hereby accepts such appointment as Depositary, in each case effective as of immediately prior to the Amendment Merger Effective DateTime.

Appears in 2 contracts

Samples: Deposit Agreement (Webster Financial Corp), Deposit Agreement (Webster Financial Corp)

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