Trustee Selection. The Delaware Trustee, and any successor Delaware Trustee, shall be either a natural person who is a resident of the State of Delaware or a legal entity having its principal place of business in the State of Delaware, in each case appointed by Grantor. The Operating Trustee shall be appointed by Grantor after approval by the Media Bureau. Each of the Trust and Trust I shall have the same operating trustee and the same Delaware trustee, respectively. No Trustee may be a director, officer, manager, agent or employee of Grantor or its affiliates immediately prior to or at any time while serving as Trustee, nor may any Trustee have any extratrust business, personal or familial relationship with Grantor or its affiliates while serving as Trustee that is inconsistent with any applicable FCC Regulations. In the event that a Trustee enters into any relationship prohibited by this Section 8 at any time while serving as Trustee, such Trustee shall resign in the manner provided in Section 9.
Appears in 3 contracts
Samples: Agreement and Declaration of Trust, Agreement and Declaration of Trust (Comcast Corp), Agreement and Declaration of Trust (Comcast Corp)
Trustee Selection. The Delaware Trustee, and any successor Delaware Trustee, shall be either a natural person who is a resident of the State of Delaware or a legal entity having its principal place of business in the State of Delaware, in each case appointed by Grantor. The Operating Trustee shall be appointed by Grantor after approval by the Media Bureau. Each of the Trust I, Trust II and Trust I III shall have the same operating trustee and the same Delaware trustee, respectively. No Trustee may be a director, officer, manager, agent or employee of Grantor or its affiliates immediately prior to or at any time while serving as Trustee, nor may any Trustee have any extratrust business, personal or familial relationship with Grantor or its affiliates while serving as Trustee that is inconsistent with any applicable FCC Regulations. In the event that a Trustee enters into any relationship prohibited by this Section 8 at any time while serving as Trustee, such Trustee shall resign in the manner provided in Section 9.
Appears in 2 contracts
Samples: Agreement and Declaration of Trust, Agreement and Declaration of Trust (Comcast Corp)
Trustee Selection. The Delaware Trustee, and any successor Delaware Trustee, shall be either a natural person who is a resident of the State of Delaware or a legal entity having its principal place of business in the State of Delaware, in each case appointed by GrantorG rantor. The Operating Trustee shall be appointed by Grantor after approval by the Media Bureau. Each of the Trust I,|the Trust II and Trust III|Trust I shall have the same operating trustee and the same Delaware trustee, respectively. No Trustee may be a director, officer, manager, agent or employee of Grantor or its affiliates immediately prior to or at any time while serving as Trustee, nor may any Trustee have any extratrust business, personal or familial relationship with Grantor or its affiliates while serving as Trustee that is inconsistent with any applicable FCC Regulations. In the event that a Trustee enters into any relationship prohibited by this Section 8 at any time while serving as Trustee, such Trustee shall resign in the manner provided in Section 9.
Appears in 1 contract
Samples: Agreement and Declaration of Trust
