Successor and Additional Trustees. The right, title and interest of the Trustee in and to the Trust Estate shall also vest in a successor and additional Trustee upon its qualification, and it shall thereupon have all the right and obligations of Trustee hereunder. Such right, title and interest shall vest in the Trustee whether or not conveying documents have been executed and delivered pursuant to Section 5.03 or otherwise.
Appears in 6 contracts
Samples: Trust Agreement (Global Resource CORP), Trust Agreement (Global Resource CORP), Trust Agreement (Global Resource CORP)
Successor and Additional Trustees. The right, title and interest of the Trustee Trustees in and to the assets of the Trust Estate shall also vest in a successor and additional Trustee Trustees upon its their qualification, and it they shall thereupon have all the right rights and obligations of Trustee the Trustees hereunder. Such right, title and interest shall vest in the Trustee Trustees whether or not conveying conveyancing documents have been executed and delivered pursuant to Section 5.03 5 of this Article IV or otherwise.
Appears in 3 contracts
Samples: Agreement and Declaration of Trust (United Mortgage Trust), Agreement and Declaration (United Mortgage Trust), Agreement and Declaration (United Mortgage Trust)
Successor and Additional Trustees. The right, title and interest of the Trustee Trustees in and to the Trust Estate shall also vest in a successor and additional Trustee Trustees upon its their qualification, and it they shall thereupon have all the right rights and obligations of Trustee Trustees hereunder. Such right, title and interest shall vest in the Trustee Trustees whether or not conveying conveyancing documents have been executed and delivered pursuant to Section 5.03 2.3 or otherwise.
Appears in 1 contract
Samples: Mortgage & Realty Trust
Successor and Additional Trustees. The right, title and interest of the Trustee Trustees in and to the assets of the Trust Estate shall also vest in a successor and additional Trustee Trustees upon its their qualification, and it they shall thereupon have all the right rights and obligations of Trustee Trustees hereunder. Such right, title and interest shall vest in the Trustee Trustees whether or not conveying conveyancing documents have been executed and delivered pursuant to Section 5.03 4.5 of this Article IV or otherwise.
Appears in 1 contract
Samples: American Mortgage Investors Trust
