Common use of Transfer of Trust Corpus to Successor Trustee Clause in Contracts

Transfer of Trust Corpus to Successor Trustee. Upon resignation or removal of the Trustee and appointment of a successor trustee all assets shall be transferred to the successor trustee as soon as practical following the successor trustee’s appointment and acceptance, but in no event later than thirty (30) days after such appointment and acceptance, unless a longer period is agreed upon by the Trustee and such successor trustee, with the consent of the Company. The Trustee shall continue to serve until the successor trustee accepts the Trust and receives delivery of the Trust Corpus.

Transfer of Trust Corpus to Successor Trustee. Upon resignation or removal of the Trustee and appointment of a successor trustee trustee, all assets shall be transferred to the successor trustee as soon as practical following the successor trustee’s appointment and acceptance, but in no event later than thirty (30) days after such appointment and acceptance, unless a longer period is agreed upon by the Trustee and such successor trustee, with the consent of the Company. The Trustee shall continue to serve until the successor trustee accepts the Trust and receives delivery of the Trust Corpus.

Transfer of Trust Corpus to Successor Trustee. Upon resignation or removal of the Trustee and appointment of a successor trustee trustee, all assets shall subsequently be transferred to the successor trustee as soon as practical following the successor trustee’s appointment and acceptance, but in no event later than thirty . The transfer shall be completed within sixty (3060) days after such appointment and acceptancereceipt of notice of resignation, removal or transfer, unless a longer period is agreed upon the Company or the Continuing Directors (or, if there are no Continuing Directors, then by the Trustee and such successor trustee, with the consent affirmative vote of at least three fourths (3/4) of the Companythen-current Board of Directors) extends the time limit. The Trustee shall continue to serve until the successor trustee accepts the Trust and receives delivery of the Trust Corpus.

Transfer of Trust Corpus to Successor Trustee. Upon resignation or removal of the Trustee and appointment of a successor trustee all assets shall subsequently be transferred to the successor trustee as soon as practical following the successor trustee’s appointment and acceptance, but in no event later than thirty The transfer shall be completed within sixty (3060) days after such appointment and acceptancereceipt of notice of resignation, removal or transfer, unless a longer period is agreed upon the Company or the Continuing Directors (or, if there are no Continuing Directors, then by the Trustee and such successor trustee, with the consent affirmative vote of at least three fourths (3/4) of the Companythen-current Board of Directors) extends the time limit. The Trustee shall continue to serve until the successor trustee accepts the Trust and receives delivery of the Trust Corpus.