RETIREMENT OF TRUSTEE. 34 (A) The Trustee shall not retire until a new trustee is appointed. In the event of the Trustee desiring to retire, the Manager (or in default the Trustee) may by deed supplemental hereto under the seal of the Manager or the Trustee (as the case may be) appoint any company or corporation empowered to act as trustee of a unit trust to be the trustee in the place of the retiring Trustee and also provide in such deed for the vesting in the new Trustee of the instruments and securities standing in the name of the retiring Trustee. The retirement of the Trustee shall take effect at the same time the new trustee takes office.
RETIREMENT OF TRUSTEE. A Trustee may retire at any time, on giving to the Bank not less than three (3) months’ prior written notice, without assigning any reason and without being responsible for any costs occasioned by such retirement. Upon the retirement or removal from office of a sole Trustee, the Bank undertakes to use its best endeavours to procure that a new trustee (being a person qualified to hold the trusteeship hereof) shall be appointed in accordance with this Article 15. Notwithstanding anything in Section 15.2 or in this Section 15.3, the retirement or removal of any Trustee shall not become effective until a successor trustee is appointed in accordance with this Article.
RETIREMENT OF TRUSTEE. The Trustee shall not be entitled to retire voluntarily or otherwise except upon the appointment of a new trustee. In the event of the Trustee desiring to retire, the Investment Advisor, within a period of six months (or in default the Trustee) with the prior written approval of the Commission, may by a deed supplemental hereto under the seal of the Investment Advisor or the Trustee (as the case may be) appoint a new trustee under the provisions of the Rules in place of the retiring Trustee and also provide in such deed for the automatic vesting of all the assets of the Trust in the name of the new trustee. Provided that the Trustee shall continue to perform its functions, as Trustee of the Scheme and to receive its remuneration until appointment of, and assumption of the assets of the Scheme by, the new trustee.
RETIREMENT OF TRUSTEE. The Trustee:
RETIREMENT OF TRUSTEE. The Trustee shall be entitled at any time to retire from the trust created hereby upon no less than seven (7) days prior written notice to the Depositors without stating any reason therefor and without incurring any responsibility for any costs occasioned thereby. In such event the Trustee is hereby authorized to appoint a new trustee in its place, provided that such trustee to be so appointed shall be a person or company consented to in writing by not less than four of the Depositors, unless the Depositors fail after seven (7) days prior written notice to name a new trustee whom they desire to have appointed, then the Trustee shall be entitled to appoint a trustee in its own discretion and to assign and transfer the Deposited Shares to the person or company so appointed, provided that the Trustee may, at its option, choose to follow the procedures set forth in the Escrow Agreement in this regard.
RETIREMENT OF TRUSTEE. If a sole trustee or trust corporation has given notice of retirement or has received notice of removal in accordance with 14.2 (Retirement and Removal) and a successor trustee is not duly appointed by the sixtieth day from the date of such notice, such outgoing Trustee may itself appoint as its successor any reputable and experienced professional trust corporation. Immediately following such appointment, such outgoing trustee shall give notice of such appointment to the Issuer and the Guarantor (whereupon the Issuer shall as soon as practicable thereafter notify the Noteholders) whereupon the Issuer, the Guarantor and the successor Trustee will acquire and become subject to the same rights and obligations between themselves as if they entered into a trust deed in the form mutatis mutandis of this Trust Deed.
RETIREMENT OF TRUSTEE. The Trustee shall not be entitled to retire voluntarily except upon the appointment (with, for so long as the Trust is authorised by the SFC, the prior written consent of the SFC) of a new trustee. The retirement of the Trustee shall take effect at the same time as the new trustee takes up office as the trustee of the Trust. In the event of the Trustee desiring to retire, it shall give notice in writing to that effect to the Manager and the Manager shall appoint another person (duly qualified and approved as may be required by the REIT Code and the law for the time being applicable to this Deed) as the new trustee of the Trust in the place of the retiring Trustee, upon and subject to such corporation entering into a deed supplemental hereto with the retiring Trustee and the Manager providing for such appointment. If no new trustee is appointed by the Manager as aforesaid within a period of three months after the date of receipt by the Manager of the Trustee’s notice of retirement, the Trustee shall be entitled to appoint such person selected by it (duly approved as aforesaid) as the new Trustee on the same basis as aforesaid.
RETIREMENT OF TRUSTEE. The Trustee shall not be entitled to retire voluntarily except upon the appointment of a new Trustee. In the event of the Trustee desiring to retire, it shall give notice in writing to that effect to the Manager and the Manager shall use its best endeavours to appoint another person (duly approved as may be required by the law for the time being applicable to this Deed) as the new Trustee for the Holders in the place of the retiring Trustee upon and subject to such corporation entering into a deed supplemental hereto providing for such appointment. If no new Trustee is appointed by the Manager as aforesaid within a period of three months after the date of receipt by the Manager of the Trustee's notice of retirement, the Trustee shall be entitled to appoint such person selected by it (duly approved as aforesaid) as the new Trustee on the same basis as aforesaid. On retirement, the Trustee must vest the Deposited Property in the new Trustee, and give the new Trustee all books, documents, records and any other property held by or on behalf of the Trustee relating to the Trust. Upon such deed or deeds being entered into, the retiring Trustee shall be absolved and released from all further obligations hereunder but without prejudice to the rights of the Manager or of any Holder, former Holder or other person in respect of any act or omission prior to such retirement.
RETIREMENT OF TRUSTEE. The Trustee may at any time retire from trusteeship. The power to appoint a successor trustee by deed shall be vested in the retiring Trustee. 受託人卸任 受託人可隨時自受託人職位中卸任。依據契約指定繼任受託人的權力歸屬於將卸任的受託人。
RETIREMENT OF TRUSTEE. The Trustee shall not be entitled to retire voluntarily or otherwise except upon the appointment of a new trustee. In the event of the Trustee desiring to retire, the Investment Adviser, within a period of six months (or in default the Trustee) with the prior written approval of the SECP, may by a deed supplemental hereto under the seal of the Investment Adviser or the Trustee (as the case may be) appoint a new trustee under the provisions of the Rules in place of the retiring Trustee and also provide in such deed for the automatic vesting of all the assets of the Trust in the name of the new trustee.
