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 Trust Agreement shall execute, acknowledge and deliver to its predecessor Trustee, and also to the 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 Trustee ceasing to act shall nevertheless, on the written request of the Authority, or of the successor Trustee, execute, acknowledge and deliver such instruments of conveyance and further assurance and do such other things as may reasonably be required for more fully and certainly vesting and confirming in such successor Trustee all the right, title and interest of the predecessor Trustee in and to any property held by it under this Trust 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 Authority be required by such successor Trustee for more fully and certainly vesting in and confirming to such successor Trustee any such estates, rights, powers and duties, any and all such deeds, conveyances and instruments in writing shall, on request, and so far as may be authorized by law, be executed, acknowledged and delivered by the Authority. 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 Trust Agreement Indenture shall execute, acknowledge and deliver to its predecessor Trustee, Trustee and also to the Authority Issuer 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 Trustee ceasing to act shall neverthelesstransfer each Credit Enhancement to its successor Trustee and shall, on the written request of the Authority, Issuer or of the successor Trustee, execute, acknowledge and deliver such instruments of conveyance and further assurance and do such other things as may reasonably be required for more fully and certainly vesting and confirming in such successor Trustee all the right, title and interest of the predecessor Trustee in and to any property held by it under this Trust AgreementIndenture, 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 Authority Issuer be required by such successor Trustee for more fully and certainly vesting in and confirming to such successor Trustee any such estates, rights, powers and duties, any and all such deeds, conveyances and instruments in writing shall, on request, request and so far as may be authorized by law, be executed, acknowledged and delivered by the AuthorityIssuer. Any Upon the effectiveness of the resignation or removal of the Trustee, such successor Trustee’s authority to act pursuant to this Indenture shall terminate and such Trustee shall promptly notify the Paying Agents have no further responsibility or liability whatsoever as Trustee for performance of its appointment as Trusteethis Indenture.

Transfer of Rights and Property to Successor Trustee. Any successor Trustee appointed under this Trust Agreement shall execute, acknowledge and deliver to its predecessor Trustee, and also to the Authority 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 Trustee ceasing to act shall nevertheless, on the written request of the Authority, or of the successor Trustee, execute, acknowledge and deliver such instruments of conveyance and further assurance and do such other things as may reasonably be required for more fully and certainly vesting and confirming in such successor Trustee all the right, title and interest of the predecessor Trustee in and to any property held by it under this Trust 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 Authority be required by such successor Trustee for more fully and certainly vesting in and confirming to such successor Trustee any such estates, rights, powers and duties, any and all such deeds, conveyances and instruments in writing shall, on request, and so far as may be authorized by law, be executed, acknowledged and delivered by the Authority. 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 Trust Agreement shall execute, acknowledge and deliver to its predecessor Trustee, Trustee and also to the Authority Issuer, 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; Trustee but the Trustee ceasing to act shall nevertheless, nevertheless on the written request of the AuthorityIssuer, or of the its successor Trustee, execute, Trustee execute acknowledge and deliver such instruments of conveyance and further assurance and do such other things as may reasonably be required for more fully and certainly vesting and confirming in such successor Trustee all the right, right title and interest of the predecessor Trustee in and to any property held by it under this Trust Agreement, 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 Authority Issuer be required by such successor Trustee for more fully and certainly vesting in and confirming to such successor Trustee any such estates, rights, powers and duties, duties any and all such deeds, deeds conveyances and instruments in writing shall, shall on request, request and so far as may be authorized by law, law be executed, executed acknowledged and delivered by the Authority. Issuer Any such successor Trustee shall promptly notify the Paying Agents 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 Trust Agreement shall execute, acknowledge acknowledge, and deliver to its predecessor Trustee, and also to the Authority Lessee and Government, 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, with like effect as if originally named as Trustee; but the . The Trustee ceasing to act shall neverthelessact, on the written request of the AuthorityLessee, Government or of the successor Trustee, shall execute, acknowledge and deliver such instruments of conveyance and further 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 the right, title and interest of the predecessor Trustee in and to any property held by it under this Trust Agreement, 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 Authority 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 estates, trusts, rights, powers obligations, remedies, immunities, privileges, rights, powers, and duties, the Lessee shall execute and deliver any and all such deeds, conveyances and instruments instruments. Notwithstanding anything contained elsewhere in writing shallthis Agreement, on requestany such predecessor Trustee shall not be entitled to any compensation or reimbursement for costs and expenses incurred in connection with any transfer or rights or properties under this Agreement, except for such costs and so far as may 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 authorized by law, be executed, acknowledged and delivered approved by the Authority. Any such successor Trustee shall promptly notify the Paying Agents of its appointment as TrusteeGovernment.

Transfer of Rights and Property to Successor Trustee. Any successor Trustee appointed under this Trust Agreement Indenture shall execute, acknowledge and deliver to its predecessor Trustee, and also to the Authority Agency, 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 Trustee ceasing to act shall nevertheless, on the written request of the AuthorityAgency, or of the its successor Trustee, execute, acknowledge and deliver such instruments of conveyance and further assurance and do such other things as may reasonably be required for more fully and certainly vesting and confirming in such successor Trustee all the right, title and interest of the predecessor Trustee in and to any property held by it under this Trust AgreementIndenture, 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 Authority Agency be required by such successor Trustee for more fully and certainly vesting in and confirming to such successor Trustee any such estates, rights, powers and duties, any and all such deeds, conveyances and instruments in writing shall, on request, and so far as may be authorized by law, be executed, acknowledged and delivered by the AuthorityAgency. Any Upon the effectiveness of the resignation or removal of the Trustee, such successor Trustee’s authority to act pursuant to this Indenture shall terminate and such Trustee shall promptly notify the Paying Agents have no further responsibility or liability whatsoever for performance of its appointment this Indenture as Trustee.Trustee.‌