Trustees Required; Eligibility. (a) There shall at all times be a Property Trustee hereunder with respect to the Trust Securities. The Property Trustee shall be a Person that has a combined capital and surplus of at least $50,000,000. If any such Person publishes reports of condition at least annually, pursuant to law or to the requirements of its supervising or examining authority, then for the purposes of this Section, the combined capital and surplus of such Person shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Property Trustee with respect to the Trust Securities shall cease to be eligible in accordance with the provisions of this Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.
Trustees Required; Eligibility. 31 Section 8.08 Conflicting Interests..................................... 32 Section 8.09 Co-Property Trustees and Separate Trustee................. 32 Section 8.10 Resignation and Removal; Appointment of Successor......... 33 Section 8.11 Acceptance of Appointment by Successor.................... 34 Section 8.12 Merger, Conversion, Consolidation or Succession to Business................................................. 35 Section 8.13 Preferential Collection of Claims Against Depositor or Trust.................................................... 35 Section 8.14 Reports by the Property Trustee........................... 35 Section 8.15 Reports to the Property Trustee........................... 36 Section 8.16 Evidence of Compliance with Conditions Precedent.......... 36 Section 8.17
Trustees Required; Eligibility. (a) There shall at all times be a Property Trustee hereunder with respect to the Trust Securities. The Property Trustee shall be a corporation organized and doing business under the laws of the United States of America or any State or Territory thereof or of the District of Columbia, or a corporation or Person permitted by the Securities and Exchange Commission to act as an institutional trustee under the Trust Indenture Act, authorized under such laws to exercise corporate trust powers, having a combined capital and surplus of at least $10,000,000, and subject to supervision or examination by Federal, State, Territorial or District of Columbia authority. If any such Person publishes reports of condition at least annually, pursuant to law or to the requirements of its supervising or examining authority, then for the purposes of this Section the combined capital and surplus of such Person shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Property Trustee with respect to the Trust Securities shall cease to be eligible in accordance with the provisions of this Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.
Trustees Required; Eligibility. Section 8.08 Conflicting Interests.......................................................... Section 8.09 Co-Property Trustees and Separate Trustee......................................
Trustees Required; Eligibility. 36 Section 8.08 CONFLICTING INTERESTS.............................................................. 37 Section 8.09 CO-PROPERTY TRUSTEES AND SEPARATE TRUSTEE.......................................... 37 Section 8.10 RESIGNATION AND REMOVAL; APPOINTMENT OF SUCCESSOR.................................. 38 Section 8.11 ACCEPTANCE OF APPOINTMENT BY SUCCESSOR............................................. 40 Section 8.12 MERGER, CONVERSION, CONSOLIDATION OR SUCCESSION TO BUSINESS........................ 40 Section 8.13 PREFERENTIAL COLLECTION OF CLAIMS AGAINST DEPOSITOR OR TRUST....................... 40
Trustees Required; Eligibility. 40 Section 8.08 Conflicting Interests..........................................40 Section 8.09 Co-Trustees and Separate Trustee...............................40 Section 8.10 Resignation and Removal; Appointment of Successor..............42 Section 8.11 Acceptance of Appointment by Successor.........................43 Section 8.12 Merger, Conversion, Consolidation or Succession to Business....43 Section 8.13 Preferential Collection of Claims Against Depositor or Trust...44 Section 8.14
Trustees Required; Eligibility gibility
Trustees Required; Eligibility. 39 Section 8.08 Conflicting Interests . . . . . . . . . . . . 39
Trustees Required; Eligibility. 34 ------------------------------ Section 8.08 Conflicting Interests............................35 --------------------- Section 8.09 Co-Trustees and Separate Trustee.................35 -------------------------------- Section 8.10 Resignation and Removal; Appointment of --------------------------------------------- Successor.................................................36 --------- Section 8.11 Acceptance of Appointment by Successor...........38 -------------------------------------- Section 8.12 Merger, Conversion, Consolidation or --------------------------------------------- Succession to Business....................................38 ---------------------- Section 8.13 Preferential Collection of Claims Against --------------------------------------------- Depositor or Trust........................................38 ------------------ Section 8.14 Reports by Property Trustee......................39 --------------------------- Section 8.15 Reports to the Property Trustee..................39 ------------------------------- Section 8.16 Evidence of Compliance with Conditions --------------------------------------------- Precedent.................................................39 --------- Section 8.17 Number of Trustees...............................39 ------------------ Section 8.18 Delegation of Power..............................40 ------------------- Section 8.19 Enforcement of Rights of Property Trustee by --------------------------------------------- Securityholders...........................................40 ---------------
Trustees Required; Eligibility. (a) There shall at all times be a Property Trustee hereunder with respect to the Trust Securities. The Property Trustee shall be a Person that has a combined capital and surplus of at least $50,000,000. If any such Person publishes reports of condition at least annually, pursuant to law or to the requirements of its supervising or examining authority, then for the purposes of this Section, the combined capital and surplus of such Person shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Property Trustee with respect to the Trust Securities shall cease to be eligible in accordance with the provisions of this Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article. (b) There shall at all times be one or more Administrative Trustees hereunder with respect to the Trust Securities. Each Administrative Trustee shall be either a natural person who is at least 21 years of age or a legal entity that shall act through one or more persons authorized to bind such entity. (c) There shall at all times be a Delaware Trustee with respect to the Trust Securities. The Delaware Trustee shall either be (i) a natural person who is at least 21 years of age and a resident of the State of Delaware or (ii) a legal entity authorized to conduct a trust business and with its principal place of business in the State of Delaware that shall act through one or more persons authorized to bind such entity. Section 8.08
