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

Transfer of Rights and Property to Successor Trustee. Any successor appointed under the provisions of Section 8.10 hereof shall execute, acknowledge and deliver to its predecessor, and also to the Corporation, an instrument accepting such appointment, and thereupon such successor, without any further act, deed or conveyance shall become fully vested with all money, estates, properties, rights, powers, duties and obligations of its predecessor hereunder and under each Supplemental Indenture, with like effect as if originally appointed as Trustee. However, the Trustee then ceasing to act shall nevertheless, on request by the Corporation or of such successor, and upon payment of all amounts owed to it hereunder, 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 all the right, title and interest of such Trustee in and to any property held by it hereunder, and shall pay over, assign and deliver to such successor any money or other properties subject to the trusts and conditions set forth herein. Should any deed, conveyance or instrument in writing from the Corporation be required by such successor for more fully and certainly vesting in and confirming to it any such money, estates, properties, rights, powers, duties or obligations, 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 Corporation.

Transfer of Rights and Property to Successor Trustee. Any successor Trustee appointed under the provisions of Section 8.10 hereof this Indenture shall execute, acknowledge and deliver to its predecessor, and also to the CorporationIssuer, the Servicer, Borrower and to any Owner which shall request the same, an instrument accepting such appointment, appointment and thereupon such successorsuccessor Trustee, without any further act, deed or conveyance conveyance, shall become fully vested with all moneymoneys, estates, properties, rights, powers, duties and obligations of its such predecessor hereunder and under each Supplemental IndentureTrustee, with like effect as if originally appointed as Trustee. However, named; but the Trustee then ceasing to act shall nevertheless, shall on the written request by of the Corporation or of such successor, and upon payment of all amounts owed to it hereunder, Issuer 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 all the right, title and interest of such the predecessor Trustee in and to any property held by it hereunderunder this Indenture, and shall pay over, assign and deliver to such the successor Trustee any money or other properties property subject to the trusts and conditions set forth hereinin or pursuant to this Indenture. Should any deed, conveyance or instrument in writing from the Corporation Issuer be required by such successor Trustee for more fully and certainly vesting in and confirming to it any such money, estates, properties, rights, powers, duties or obligationspowers and duties, any and all such deeds, conveyances and instruments in writing shallwriting, on request, request and so far as may be authorized by law, shall be executed, acknowledged and delivered by the CorporationIssuer.

Transfer of Rights and Property to Successor Trustee. Any successor Trustee appointed under the provisions of Section 8.10 hereof this Trust Agreement shall execute, acknowledge and deliver to its predecessor, and also to the Corporation, predecessor Trustee an instrument accepting such appointment, and thereupon such successorsuccessor Trustee, without any further act, deed or conveyance conveyance, shall become fully vested with all moneymoneys, estates, properties, rights, powers, duties and obligations of its such predecessor hereunder and under each Supplemental IndentureTrustee, with like effect as if originally appointed named as Trustee. However, ; but the Trustee then ceasing to act shall nevertheless, on the written request by of the Corporation or of such successor, and upon payment of all amounts owed to it hereundersuccessor Trustee, execute, acknowledge and deliver such instruments instrument 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 such the predecessor Trustee in and to any property held by it hereunderunder this Trust Agreement, and shall pay over, assign and deliver to such the successor Trustee any money or other properties property subject to the trusts and conditions herein set forth hereinforth. Should any deed, conveyance or instrument in writing from the Corporation City or the Authority be required by such successor Trustee for more fully and certainly vesting in and confirming to it such successor Trustee any such money, estates, properties, rights, powers, duties or obligationspower 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 CorporationCity or the Authority.

Transfer of Rights and Property to Successor Trustee. Any successor Trustee appointed under the provisions of Section 8.10 hereof 8.09 shall execute, acknowledge and deliver to its predecessor, predecessor and also to the Corporation, State an instrument in writing accepting such appointment, and thereupon such successor, without any further act, deed or conveyance conveyance, shall become fully vested with all moneymoneys, estates, properties, rights, immunities, powers, duties duties, obligations and obligations trusts of its predecessor hereunder and under each Supplemental Indenturehereunder, with like effect as if originally appointed as Trustee. However, the Trustee then ceasing to act shall nevertheless, on request by of the Corporation State or of such successor, and upon payment of all amounts owed to it hereunder, 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 all the rights, immunities, powers and trusts of such Trustee and all the right, title and interest of such Trustee in and to any property held by it hereunder, and shall pay over, assign and deliver to such successor any money moneys or other properties subject to the trusts and conditions herein set forth hereinforth. Should any deed, conveyance or instrument in writing from the Corporation State be required by such successor for more fully and certainly vesting in and confirming to it any such moneymoneys, estates, properties, rights, powers, duties or obligations, any and all such deeds, conveyances and instruments in writing shallwriting, on request, request and so far as may be authorized by law, shall be executed, acknowledged and delivered by the CorporationState.

Transfer of Rights and Property to Successor Trustee. Any successor appointed under the provisions of Section 8.10 hereof shall execute, acknowledge and deliver to its predecessor, and also to the Corporation, an instrument accepting such appointment, and thereupon such successor, without any further act, deed or conveyance shall become fully vested with all moneymoneys, estates, properties, rights, powers, duties and obligations of its predecessor hereunder and under each Supplemental Indenture, with like effect as if originally appointed as Trustee. However, the Trustee then ceasing to act shall nevertheless, on request by the Corporation or of such successor, and upon payment of all amounts owed to it hereunder, 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 all the right, title and interest of such Trustee in and to any property held by it hereunder, and shall pay over, assign and deliver to such successor any money moneys or other properties subject to the trusts and conditions set forth herein. Should any deed, conveyance or instrument in writing from the Corporation be required by such successor for more fully and certainly vesting in and confirming to it any such moneymoneys, estates, properties, rights, powers, duties or obligations, 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 Corporation.