SUCCESSOR AND ADDITIONAL DELAWARE TRUSTEES Sample Clauses
The "Successor and Additional Delaware Trustees" clause outlines the procedures for appointing new or additional trustees specifically located in Delaware, as required for certain types of trusts. This clause typically details how a successor trustee is chosen if the current Delaware trustee resigns, is removed, or is otherwise unable to serve, and may also address the appointment of extra trustees to fulfill legal or administrative requirements. Its core function is to ensure the trust always maintains a qualified Delaware trustee, thereby preserving the trust’s compliance with Delaware law and ensuring continuity in trust administration.
SUCCESSOR AND ADDITIONAL DELAWARE TRUSTEES. SECTION 8.1 Eligibility Requirements for the Delaware Trustee.............................27 SECTION 8.2 Resignation or Removal of the Delaware Trustee................................28 SECTION 8.3 Successor Delaware Trustee....................................................29 SECTION 8.4 Merger or Consolidation of Delaware Trustee...................................30 SECTION 8.5 Appointment of Co-Delaware Trustee or Separate Delaware Trustee..............30 SECTION 8.6 Delaware Trustee May Own Notes................................................32
SUCCESSOR AND ADDITIONAL DELAWARE TRUSTEES. Section 8.01 Eligibility Requirements for the Delaware Trustee 22 Section 8.02 Resignation or Removal of the Delaware Trustee 22 Section 8.03 Successor Delaware Trustee 23 Section 8.04 Merger or Consolidation of Delaware Trustee 24 Section 8.05 Appointment of Co-Delaware Trustee or Separate Delaware Trustee 24 Section 8.06 Delaware Trustee May Own Notes 25 ARTICLE 9 VOTING; ACTS OF SECURITYHOLDERS; MEETINGS Section 9.01 Limitations on Voting Rights 25 Section 9.02 Meetings of the Trust Beneficial Owner 25
SUCCESSOR AND ADDITIONAL DELAWARE TRUSTEES. Section 8.01 Eligibility Requirements for the Delaware Trustee 18 Section 8.02 Resignation or Removal of the Delaware Trustee 18 Section 8.03 Successor Delaware Trustee 18 Section 8.04 Merger or Consolidation of Delaware Trustee 19 Section 8.05 Appointment of Co-Delaware Trustee or Separate Delaware Trustee. 19 Section 8.06 Delaware Trustee May Own Notes 20
SUCCESSOR AND ADDITIONAL DELAWARE TRUSTEES