Vesting of Rights, Powers and Duties. In accordance with the provisions of the Indenture, all rights, powers and duties of the Trustee under the Indenture shall be vested in and undertaken by Successor, effective at the opening of business on the Effective Date.
Appears in 3 contracts
Samples: Resignation, Appointment and Acceptance Agreement, Resignation, Appointment and Acceptance Agreement (Pillowtex Corp), Resignation, Appointment and Acceptance Agreement (Cooker Restaurant Corp /Oh/)
Vesting of Rights, Powers and Duties. In accordance with the provisions of the Indenture, and subject to Section 2.7 hereof, all rights, powers and duties of the Trustee under the Indenture shall be vested in and undertaken by Successor, effective at the opening of business on the Effective Date.
Appears in 1 contract
Samples: Resignation, Appointment and Acceptance Agreement (Unova Inc)
