Section 202. The Issuer hereby accepts the resignation of the Resigning Trustee as Trustee, Registrar, Paying Agent and Agent under the Indenture, and waives the 20 Business Day requirement set forth in Section 6.10(b) of the Indenture. Pursuant to Section 6.10(e) of the Indenture, the Issuer hereby appoints the Successor Trustee as Trustee under the Indenture and confirms to the Successor Trustee all the rights, powers and trusts of the Trustee under the Indenture and with respect to all property and money held or to be held under the Indenture, with like effect as if the Successor Trustee was originally named as the Trustee under the Indenture. The Issuer shall execute and deliver such further instruments and shall do such other things as the Successor Trustee may reasonably require so as to more fully and certainly vest and confirm in the Successor Trustee all the rights, powers, trusts and duties hereby assigned, transferred, delivered and confirmed to the Successor Trustee.
Appears in 4 contracts
Samples: Instrument of Resignation, Appointment and Acceptance (Saks Inc), Instrument of Resignation, Appointment and Acceptance (Saks Inc), Instrument of Resignation, Appointment and Acceptance (Saks Inc)
Section 202. The Each of the Issuer and the Guarantor hereby accepts accept the resignation of the Resigning Trustee as Trustee, Registrar, Registrar and Paying Agent and Agent under the Indenture, and waives the 20 Business Day requirement set forth in Section 6.10(b) of the Indenture. Pursuant to Section 6.10(e) 607 of the Indenture, the Issuer hereby appoints the Successor Trustee as Trustee Trustee, Registrar and Paying Agent under the Indenture and confirms to the Successor Trustee all the rights, powers and trusts duties of the Resigning Trustee under the Indenture and with respect to all property and money held or to be held by such Resigning Trustee under the Indenture, with like effect as if the Successor Trustee was originally named as the Trustee Trustee, Registrar and Paying Agent under the Indenture. The Each of the Issuer and the Guarantor shall execute and deliver such further instruments and shall do such other things as the Successor Trustee may reasonably require so as to more fully and certainly vest and confirm in the Successor Trustee all the rights, powers, trusts and duties hereby assigned, transferred, delivered and confirmed to the Successor Trustee.
Appears in 2 contracts
Samples: Agreement of Resignation, Appointment and Acceptance (Nortel Networks Corp), Agreement of Resignation, Appointment and Acceptance (Nortel Networks LTD)