Common use of Transfer of Rights and Property to Successor Trustee Clause in Contracts

Transfer of Rights and Property to Successor Trustee. Any successor Trustee appointed under this Indenture shall execute, acknowledge and deliver to its predecessor Trustee, and also to the Issuer and the Company, an instrument accepting such appointment, and thereupon such successor Trustee, without any further act, deed or conveyance, shall become fully vested with all moneys, estates, properties, rights, powers, duties and obligations of such predecessor Trustee; but the predecessor Trustee shall nevertheless, on the written request of the Issuer or of the successor Trustee, execute, acknowledge and deliver such instruments of conveyance and further assurances and do such other things as may reasonably be required for more fully and certainly vesting and confirming in such successor Trustee all its right, title and interest in and to any property held by it under this Indenture, and shall pay over, assign and deliver to the successor Trustee any money or other property subject to the trusts and conditions herein set forth. Should any deed, conveyance or instrument from the Issuer be required by such successor Trustee for more fully and certainly vesting in and confirming to such successor Trustee any such moneys, estates, properties, rights, powers and duties, such deed, conveyance or instrument shall be executed, acknowledged and delivered by the Issuer.

Transfer of Rights and Property to Successor Trustee. Any successor Trustee appointed under this Indenture Trust Agreement shall execute, acknowledge and deliver to its predecessor Trustee, and also to the Issuer and the CompanyAuthority, an instrument accepting such appointment, and thereupon such successor Trustee, without any further act, deed or conveyance, shall become fully vested with all moneys, estates, properties, rights, powers, duties and obligations of such predecessor Trustee, with like effect as if originally named as Trustee; but the predecessor Trustee ceasing to act shall nevertheless, on the written request of the Issuer Authority, or of the successor Trustee, execute, acknowledge and deliver such instruments of conveyance and further assurances assurance and do such other things as may reasonably be required for more fully and certainly vesting and confirming in such successor Trustee all its the right, title and interest of the predecessor Trustee in and to any property held by it under this IndentureTrust Agreement, and shall pay over, assign and deliver to the successor Trustee any money or other property subject to the trusts and conditions herein set forth. Should any deed, conveyance or instrument in writing from the Issuer Authority be required by such successor Trustee for more fully and certainly vesting in and confirming to such successor Trustee any such moneys, estates, properties, rights, powers and duties, any and all such deeddeeds, conveyance or instrument shall conveyances and instruments in writing shall, on request, and so far as may be authorized by law, be executed, acknowledged and delivered by the IssuerAuthority. Any such successor Trustee shall promptly notify the Paying Agents of its appointment as Trustee.

Transfer of Rights and Property to Successor Trustee. Any successor Trustee appointed under this Indenture shall execute, acknowledge and deliver to its predecessor Trustee, Trustee and also to the Issuer and the Company, an instrument accepting such appointmentappointment as a fiduciary for the Owners, and thereupon such successor Trustee, without any further act, deed or conveyance, shall become fully vested with all moneys, estates, properties, rights, powers, duties and obligations of such predecessor Trustee; , with like effect as if originally named as Trustee, but the predecessor Trustee ceasing to act shall neverthelesstransfer each Credit Enhancement to its successor Trustee and shall, on the written request of the Issuer or of the successor Trustee, execute, acknowledge and deliver such instruments of conveyance and further assurances assurance and do such other things as may reasonably be required for more fully and certainly vesting and confirming in such successor Trustee all its the right, title and interest of the predecessor Trustee in and to any property held by it under this Indenture, and shall pay over, assign and deliver to the successor Trustee any money or other property subject to the trusts and conditions herein set forth. Should any deed, conveyance or instrument in writing from the Issuer be required by such successor Trustee for more fully and certainly vesting in and confirming to such successor Trustee any such moneys, estates, properties, rights, powers and duties, any and all such deeddeeds, conveyance or instrument shall conveyances and instruments shall, on request and so far as may be authorized by law, be executed, acknowledged and delivered by the Issuer. Upon the effectiveness of the resignation or removal of the Trustee, such Trustee’s authority to act pursuant to this Indenture shall terminate and such Trustee shall have no further responsibility or liability whatsoever as Trustee for performance of this Indenture.

Transfer of Rights and Property to Successor Trustee. Any successor Trustee appointed under this Indenture Trust Agreement shall execute, acknowledge and deliver to its predecessor Trustee, and also to the Issuer and the Company, Authority an instrument accepting such appointment, and thereupon such successor Trustee, without any further act, deed or conveyance, shall become fully vested with all moneys, estates, properties, rights, powers, duties and obligations of such predecessor Trustee, with like effect as if originally named as Trustee; but the predecessor Trustee ceasing to act shall nevertheless, on the written request of the Issuer Authority, or of the successor Trustee, execute, acknowledge and deliver such instruments of conveyance and further assurances assurance and do such other things as may reasonably be required for more fully and certainly vesting and confirming in such successor Trustee all its the right, title and interest of the predecessor Trustee in and to any property held by it under this IndentureTrust Agreement, and shall pay over, assign and deliver to the successor Trustee any money or other property subject to the trusts and conditions herein set forth. Should any deed, conveyance or instrument in writing from the Issuer Authority be required by such successor Trustee for more fully and certainly vesting in and confirming to such successor Trustee any such moneys, estates, properties, rights, powers and duties, any and all such deeddeeds, conveyance or instrument shall conveyances and instruments in writing shall, on request, and so far as may be authorized by law, be executed, acknowledged and delivered by the IssuerAuthority. Any such successor Trustee shall promptly notify the Paying Agents of its appointment as Trustee.

Transfer of Rights and Property to Successor Trustee. Any successor Trustee appointed under this Indenture shall execute, acknowledge and deliver to its predecessor Trustee, and also to the Issuer and the CompanyAuthority, an instrument accepting such appointment, and thereupon such successor Trustee, without any further act, deed or conveyance, shall become fully vested with all moneys, estates, properties, rights, powers, duties and obligations of such predecessor Trustee; , with like effect as if originally named as Trustee, but the predecessor Trustee ceasing to act shall nevertheless, on the written request of the Issuer Authority, or of the its successor Trustee, upon payment in full of all fees, costs and expenses, execute, acknowledge and deliver such instruments of conveyance and further assurances assurance and do such other things as may reasonably be required for more fully and certainly vesting and confirming in such successor Trustee all its the right, title and interest of the predecessor Trustee in and to any property held by it under this Indenture, and shall pay over, assign and deliver to the successor Trustee any money or other property subject to the trusts and conditions herein set forth. Should any deed, conveyance or instrument in writing from the Issuer Authority be required by such successor Trustee for more fully and certainly vesting in and confirming to such successor Trustee any such moneys, estates, properties, rights, powers and duties, any and all such deeddeeds, conveyance or instrument shall conveyances and instruments in writing shall, on request, and so far as may be authorized by law, be executed, acknowledged and delivered by the IssuerAuthority. Any such successor Trustee shall promptly notify each Fiduciary of its appointment as Trustee. Upon the effectiveness of the resignation or removal of the Trustee, such Trustee’s authority to act pursuant to this Indenture shall terminate and such Trustee shall have no further responsibility or liability whatsoever for performance of this Indenture as Trustee.

Transfer of Rights and Property to Successor Trustee. Any successor Trustee appointed under this Indenture Agreement shall execute, acknowledge acknowledge, and deliver to its predecessor Trustee, and also to the Issuer Lessee and the CompanyGovernment, an instrument in writing accepting such appointment, and thereupon such successor Trustee, without any further act, deed deed, or conveyance, shall become fully vested with all moneys, estates, properties, rights, powers, trusts, remedies, immunities, privileges, duties and obligations of such its predecessor Trustee; but the predecessor , with like effect as if originally named as Trustee. The Trustee shall neverthelessceasing to act, on the written request of the Issuer Lessee, Government or of the successor Trustee, shall execute, acknowledge and deliver such instruments of conveyance and further assurances assurance and do such other things as reasonably may reasonably be required for more fully and certainly vesting and confirming in such successor Trustee all its the right, title and interest of the predecessor Trustee in and to any property held by it under this IndentureAgreement, and every predecessor Trustee shall pay over, assign and deliver to the successor Trustee any money or other property subject to the trusts and conditions herein set forthforth in or pursuant to this Agreement. Should the successor trustee require any deed, conveyance or instrument in writing from the Issuer Lessee be required by such successor Trustee for to more fully and certainly vesting vest in and confirming confirm to such successor Trustee any such moneys, estates, propertiestrusts, rights, powers obligations, remedies, immunities, privileges, rights, powers, and duties, the Lessee shall execute and deliver any and all such deedconveyances and instruments. Notwithstanding anything contained elsewhere in this Agreement, conveyance any such predecessor Trustee shall not be entitled to any compensation or instrument reimbursement for costs and expenses incurred in connection with any transfer or rights or properties under this Agreement, except for such costs and expenses incurred with the prior written consent of the Lessee; provided, however, if an Event of Default has occurred and is continuing, then any such compensation or reimbursement for costs and expenses shall be executed, acknowledged and delivered approved by the IssuerGovernment.

Transfer of Rights and Property to Successor Trustee. Any successor Trustee appointed under this Indenture hereunder shall execute, acknowledge and deliver to its predecessor Trustee, and also to the Issuer and the CompanyXxxxxx Xxx, an instrument accepting such appointment, and thereupon such successor Trustee, without any further act, deed or conveyance, shall become fully vested with all moneys, estates, properties, rights, powers, duties and obligations of such predecessor Trustee; , with like effect as if named herein as such Trustee, but the predecessor Trustee ceasing to act shall nevertheless, on the written request of the Issuer Issuer, Xxxxxx Xxx or of the successor Trustee, execute, acknowledge and deliver such instruments of conveyance and further assurances assurance and do such other things as reasonably may reasonably be required for more fully and certainly vesting and confirming in such successor Trustee all its the right, title and interest of the predecessor Trustee in and to any property properties held by it under this Indenture, and shall pay over, assign and deliver to the successor Trustee any money or other property subject to the trusts and conditions herein set forth. Should any deed, conveyance or instrument in writing from the Issuer be required by such successor Trustee for more fully and certainly vesting in and confirming to such successor Trustee any such moneys, estates, properties, rights, powers and duties, any and all such deeddeeds, conveyance or instrument conveyances and instruments in writing, on request, and so far as may be authorized by law, shall be executed, acknowledged and delivered by the Issuer.

Transfer of Rights and Property to Successor Trustee. Any successor Trustee appointed under this Indenture shall execute, acknowledge and deliver to its predecessor Trustee, and also to the Issuer and the CompanyAgency, an instrument accepting such appointment, and thereupon such successor Trustee, without any further act, deed or conveyance, shall become fully vested with all moneysmonies, estates, properties, rights, powers, duties and obligations of such predecessor Trustee; , with like effect as if originally named as Trustee, but the predecessor Trustee ceasing to act shall nevertheless, on the written request of the Issuer Agency, or of the its successor Trustee, execute, acknowledge and deliver such instruments of conveyance and further assurances assurance and do such other things as may reasonably be required for more fully and certainly vesting and confirming in such successor Trustee all its the right, title and interest of the predecessor Trustee in and to any property held by it under this Indenture, and shall pay over, assign and deliver to the successor Trustee any money or other property subject to the trusts and conditions herein set forth. Should any deed, conveyance or instrument in writing from the Issuer Agency be required by such successor Trustee for more fully and certainly vesting in and confirming to such successor Trustee any such moneys, estates, properties, rights, powers and duties, any and all such deeddeeds, conveyance or instrument shall conveyances and instruments in writing shall, on request, and so far as may be authorized by law, be executed, acknowledged and delivered by the Issuer.Agency. Upon the effectiveness of the resignation or removal of the Trustee, such Trustee’s authority to act pursuant to this Indenture shall terminate and such Trustee shall have no further responsibility or liability whatsoever for performance of this Indenture as Trustee.‌

Transfer of Rights and Property to Successor Trustee. Any successor Trustee appointed under this Indenture Trust Agreement shall execute, acknowledge and deliver to its predecessor Trustee, Trustee and also to the Issuer and the CompanyIssuer, an instrument accepting such appointment, as a fiduciary for the Note Owners, and thereupon such successor Trustee, without any further act, deed or conveyance, conveyance shall become fully vested with all moneys, estates, properties, estates properties rights, powers, duties and obligations of such predecessor Trustee; , with like effect as if originally named as Trustee but the predecessor Trustee ceasing to act shall nevertheless, nevertheless on the written request of the Issuer Issuer, or of the its successor Trustee, execute, Trustee execute acknowledge and deliver such instruments of conveyance and further assurances assurance and do such other things as may reasonably be required for more fully and certainly vesting and confirming in such successor Trustee all its right, the right title and interest of the predecessor Trustee in and to any property held by it under this Indenture, Trust Agreement and shall pay over, over assign and deliver to the successor Trustee any money or other property subject to the trusts and conditions herein set forth. forth Should any deed, conveyance or instrument in writing from the Issuer be required by such successor Trustee for more fully and certainly vesting in and confirming to such successor Trustee any such moneys, estates, properties, rights, powers and duties, duties any and all such deed, conveyance or instrument deeds conveyances and instruments in writing shall on request and so far as may be executed, authorized by law be executed acknowledged and delivered by the IssuerIssuer Any such successor Trustee shall promptly notify the paying agents of its appointment as Trustee Upon the effectiveness of the resignation or removal of the Trustee, such Trustee's authority to act pursuant to this Trust Agreement shall terminate and such Trustee shall have no further responsibility or liability whatsoever as Trustee for performance of this Trust Agreement.

Transfer of Rights and Property to Successor Trustee. Any successor Trustee appointed under this Indenture hereunder shall execute, acknowledge and deliver to its predecessor Trustee, and also to the Issuer and the CompanyXxxxxx Mae, an instrument accepting such appointment, and thereupon such successor Trustee, without any further act, deed or conveyance, shall become fully vested with all moneys, estates, properties, rights, powers, duties and obligations of such predecessor Trustee; , with like effect as if named herein as such Trustee, but the predecessor Trustee ceasing to act shall nevertheless, on the written request of the Issuer Issuer, Xxxxxx Xxx or of the successor Trustee, execute, acknowledge and deliver such instruments of conveyance and further assurances assurance and do such other things as reasonably may reasonably be required for more fully and certainly vesting and confirming in such successor Trustee all its the right, title and interest of the predecessor Trustee in and to any property properties held by it under this Indenture, and shall pay over, assign and deliver to the successor Trustee any money or other property subject to the trusts and conditions herein set forth. Should any deed, conveyance or instrument in writing from the Issuer be required by such successor Trustee for more fully and certainly vesting in and confirming to such successor Trustee any such moneys, estates, properties, rights, powers and duties, any and all such deeddeeds, conveyance or instrument conveyances and instruments in writing, on request, and so far as may be authorized by law, shall be executed, acknowledged and delivered by the Issuer.