Common use of Successor Indenture Trustee as Trustee of Funds Clause in Contracts

Successor Indenture Trustee as Trustee of Funds. In the event of a change of the Indenture Trustee the predecessor which has resigned or been removed shall cease to be trustee of any funds then held by it hereunder and the successor Indenture Trustee shall become such trustee.

Appears in 4 contracts

Samples: Indenture (Collegiate Funding Services Inc), Base Indenture (Uici), Indenture (Uici)

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Successor Indenture Trustee as Trustee of Funds. In the ----------------------------------------------- event of a change of the Indenture Trustee the predecessor which has resigned or been removed shall cease to be trustee of any funds then held by it hereunder and the successor Indenture Trustee shall become such trustee.

Appears in 1 contract

Samples: Indenture (Direct Iii Marketing Inc)

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Successor Indenture Trustee as Trustee of Funds. In the event of a change of the Indenture Trustee the predecessor which has resigned or been removed shall cease to be trustee of any funds then held by it hereunder and the successor Indenture Trustee shall become such trustee.removed

Appears in 1 contract

Samples: Indenture (Uici)

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