Common use of Winding Up and Discharge of the Trustee Clause in Contracts

Winding Up and Discharge of the Trustee. For the purposes of winding up the affairs of the Voting Trust at the conclusion of its term, the Trustee shall continue to act as Trustee until its duties have been fully discharged. After doing so, the Trustee, its agents and employees shall have no further duties or obligations under this Agreement.

Appears in 3 contracts

Samples: Voting Trust Agreement (Midwest Banc Holdings Inc), Voting Trust Agreement (Citigroup Inc), Voting Trust Agreement (Citigroup Inc)

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Winding Up and Discharge of the Trustee. For the purposes of winding up the affairs of the Voting Trust at the conclusion of its termtermination, the Trustee shall continue to act as Trustee until its his duties have been fully discharged. After doing so, the Trustee, its agents his agents, professionals and employees employees, if any, shall have no further duties or obligations under hereunder, except as required by this AgreementAgreement or applicable law concerning the termination of a trust.

Appears in 2 contracts

Samples: Trust Agreement (Medianet Group Technologies Inc), Trust Agreement (Medianet Group Technologies Inc)

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