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 Agreement shall execute, acknowledge, and deliver to its predecessor Trustee, and also to the Lessee and Government, an instrument in writing 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, trusts, remedies, immunities, privileges, duties and obligations of its predecessor Trustee, with like effect as if originally named as Trustee. The Trustee ceasing to act, on the written request of the Lessee, Government or the successor Trustee, shall execute, acknowledge and deliver such instruments of conveyance and further assurance and do such other things as reasonably may 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 under this 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 set forth in or pursuant to this Agreement. Should the successor trustee require any conveyance or instrument in writing from the Lessee be to more fully and certainly vest in and confirm to such successor Trustee such estates, trusts, rights, obligations, remedies, immunities, privileges, rights, powers, and duties, the Lessee shall execute and deliver any and all such conveyances and instruments. Notwithstanding anything contained elsewhere in this Agreement, any 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 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 approved by the Government.

Transfer of Rights and Property to Successor Trustee. Any successor Trustee appointed under this Agreement Indenture shall execute, acknowledge, acknowledge and deliver to its predecessor Trustee, and also to the Lessee and GovernmentAgency, 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 moneysmonies, estates, properties, rights, powers, trusts, remedies, immunities, privileges, duties and obligations of its such predecessor Trustee, with like effect as if originally named as Trustee. The , but the Trustee ceasing to actact shall nevertheless, on the written request of the LesseeAgency, Government or the of its successor Trustee, shall execute, acknowledge and deliver such instruments of conveyance and further assurance and do such other things as may reasonably may 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 AgreementIndenture, 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 forth in or pursuant to this Agreementforth. Should the successor trustee require any deed, conveyance or instrument in writing from the Lessee Agency be to required by such successor Trustee for more fully and certainly vest vesting in and confirm confirming to such successor Trustee any such estates, trusts, rights, obligations, remedies, immunities, privileges, rights, powers, powers and duties, the Lessee shall execute and deliver any and all such deeds, conveyances and instrumentsinstruments in writing shall, on request, and so far as may be authorized by law, be executed, acknowledged and delivered by the Agency. Notwithstanding anything contained elsewhere in Upon the effectiveness of the resignation or removal of the Trustee, such Trustee’s authority to act pursuant to this Agreement, any Indenture shall terminate and such predecessor Trustee shall not be entitled to any compensation have no further responsibility or reimbursement liability whatsoever for costs and expenses incurred in connection with any transfer or rights or properties under performance of 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 approved by the Government.Indenture as Trustee.‌

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 Lessee and Government, Authority 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 its such predecessor Trustee, with like effect as if originally named as Trustee. The ; but the Trustee ceasing to actact shall nevertheless, on the written request of the LesseeAuthority, Government or of the successor Trustee, shall execute, acknowledge and deliver such instruments of conveyance and further assurance and do such other things as may reasonably may 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 forth in or pursuant to this Agreementforth. Should the successor trustee require any deed, conveyance or instrument in writing from the Lessee Authority be to required by such successor Trustee for more fully and certainly vest vesting in and confirm confirming to such successor Trustee any such estates, trusts, rights, obligations, remedies, immunities, privileges, rights, powers, powers and duties, the Lessee shall execute and deliver any and all such deeds, conveyances and instrumentsinstruments in writing shall, on request, and so far as may be authorized by law, be executed, acknowledged and delivered by the Authority. Notwithstanding anything contained elsewhere in this Agreement, any Any such predecessor successor 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 expenses incurred with promptly notify the prior written consent Paying Agents 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 approved by the Governmentits appointment as Trustee.

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, Trustee and also to the Lessee and GovernmentIssuer, an instrument in writing accepting such appointment, as a fiduciary for the Note Owners, and thereupon such successor Trustee, without any further act, deed, deed or conveyance, conveyance shall become fully vested with all moneys, estates, properties, estates properties rights, powers, trusts, remedies, immunities, privileges, duties and obligations of its such predecessor Trustee, with like effect as if originally named as Trustee. The Trustee but the Trustee ceasing to act, act shall nevertheless on the written request of the LesseeIssuer, Government or the of its successor Trustee, shall execute, Trustee execute acknowledge and deliver such instruments of conveyance and further assurance and do such other things as may reasonably may 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 Agreement, Trust Agreement and every predecessor Trustee 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 in or pursuant to this Agreement. Should the successor trustee require any deed, conveyance or instrument in writing from the Lessee Issuer be to required by such successor Trustee for more fully and certainly vest vesting in and confirm confirming to such successor Trustee any such estates, trusts, rights, obligations, remedies, immunities, privileges, rights, powers, powers and duties, the Lessee shall execute and deliver duties any and all such deeds conveyances and instruments. Notwithstanding anything contained elsewhere instruments in this Agreement, any writing shall on request and so far as may be authorized by law be executed acknowledged and delivered by the Issuer Any such predecessor successor 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 expenses incurred with promptly notify the prior written consent paying agents of its appointment as Trustee Upon the effectiveness of the Lessee; providedresignation or removal of the Trustee, however, if an Event 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 Default has occurred and is continuing, then any such compensation or reimbursement for costs and expenses shall be approved by the Governmentthis 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 Lessee and GovernmentAuthority, 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 its such predecessor Trustee, with like effect as if originally named as Trustee. The ; but the Trustee ceasing to actact shall nevertheless, on the written request of the LesseeAuthority, Government or of the successor Trustee, shall execute, acknowledge and deliver such instruments of conveyance and further assurance and do such other things as may reasonably may 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 forth in or pursuant to this Agreementforth. Should the successor trustee require any deed, conveyance or instrument in writing from the Lessee Authority be to required by such successor Trustee for more fully and certainly vest vesting in and confirm confirming to such successor Trustee any such estates, trusts, rights, obligations, remedies, immunities, privileges, rights, powers, powers and duties, the Lessee shall execute and deliver any and all such deeds, conveyances and instrumentsinstruments in writing shall, on request, and so far as may be authorized by law, be executed, acknowledged and delivered by the Authority. Notwithstanding anything contained elsewhere in this Agreement, any Any such predecessor successor 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 expenses incurred with promptly notify the prior written consent Paying Agents 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 approved by the Governmentits appointment as Trustee.

Transfer of Rights and Property to Successor Trustee. Any successor Trustee appointed under this Agreement Indenture shall execute, acknowledge, acknowledge and deliver to its predecessor Trustee, Trustee and also to the Lessee and Government, Issuer an instrument in writing accepting such appointmentappointment as a fiduciary for the Owners, 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 its such predecessor Trustee, with like effect as if originally named as Trustee. The , but the Trustee ceasing to actact shall transfer each Credit Enhancement to its successor Trustee and shall, on the written request of the Lessee, Government Issuer or the successor Trustee, shall execute, acknowledge and deliver such instruments of conveyance and further assurance and do such other things as may reasonably may 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 AgreementIndenture, 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 forth in or pursuant to this Agreementforth. Should the successor trustee require any deed, conveyance or instrument in writing from the Lessee Issuer be to required by such successor Trustee for more fully and certainly vest vesting in and confirm confirming to such successor Trustee any such estates, trusts, rights, obligations, remedies, immunities, privileges, rights, powers, powers and duties, the Lessee shall execute and deliver any and all such deeds, conveyances and instrumentsinstruments shall, on request and so far as may be authorized by law, be executed, acknowledged and delivered by the Issuer. Notwithstanding anything contained elsewhere in Upon the effectiveness of the resignation or removal of the Trustee, such Trustee’s authority to act pursuant to this Agreement, any Indenture shall terminate and such predecessor Trustee shall not be entitled to any compensation have no further responsibility or reimbursement liability whatsoever as Trustee for costs and expenses incurred in connection with any transfer or rights or properties under performance of 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 approved by the GovernmentIndenture.