Common use of Successor Delaware Trustee Clause in Contracts

Successor Delaware Trustee. (a) Any successor Delaware Trustee appointed pursuant to Section 10.02 will execute, acknowledge and deliver to the Trustor and to its predecessor Delaware Trustee an instrument accepting such appointment under this Agreement, and thereupon the resignation or removal of the predecessor Delaware Trustee will become effective, and such successor Delaware Trustee without any further act, deed or conveyance, will become fully vested with all the rights, powers, duties and obligations of its predecessor under this Agreement, with like effect as if originally named as Delaware Trustee. The predecessor Delaware Trustee will, upon payment of its fees, expenses and other amounts owed to it hereunder or in connection herewith, deliver to the successor Delaware Trustee, all documents and statements and monies and other property held by it under this Agreement; and the Trustor and the predecessor Delaware Trustee will execute and deliver such instruments and do such other things as may reasonably be required for fully and certainly vesting and confirming in the successor Delaware Trustee all such rights, powers, duties and obligations.

Successor Delaware Trustee. (a) Any Each successor Delaware Trustee appointed pursuant to Section 10.02 will 8.2 shall execute, acknowledge and deliver to the Trustor Administrator, the Trust Beneficial Owner and to its the predecessor Delaware Trustee an instrument accepting such appointment under this the Trust Agreement, and thereupon the resignation or removal of the predecessor Delaware Trustee will shall become effective, the resigning Delaware Trustee shall be released of all duties and trusts under the Trust Agreement and such successor Delaware Trustee Trustee, without any further act, deed or conveyance, will shall become fully vested with all the rights, powers, duties duties, and obligations of its predecessor under this the Trust Agreement, with like effect as if originally named as Delaware Trustee. The predecessor Delaware Trustee will, upon payment of its fees, expenses and other amounts owed to it hereunder or in connection herewith, shall deliver to the successor Delaware Trustee, Trustee all documents and statements and monies and other property funds held by it under this the Trust Agreement; and the Trustor Administrator and the predecessor Delaware Trustee will shall execute and deliver such instruments and do such other things as may reasonably be required for fully and certainly vesting and confirming in the successor Delaware Trustee all such rights, powers, duties and obligations.