Successor Trustee definition

Successor Trustee means a successor Trustee possessing the qualifications to act as Trustee under Section 4.01.

Successor Trustee shall have the meaning set forth in Section 13.8(b) hereof.

Successor Trustee means any trustee appointed as a successor to the Trustee of the First Trust or the Trustee of the Second Trust in accordance with the terms of the First Trust Agreement or the Second Trust Agreement as applicable.

Examples of Successor Trustee in a sentence

• Notice of any removal of the Trustee shall be given to each Rating Agency by the Successor Trustee.

• Such court may thereupon, after prescribing such notice, if any, as it may deem proper, appoint a Successor Trustee.

• The right, title and interest of the Trustee shall automatically vest in any Successor Trustee, and such vesting and cessation of title shall be effective whether or not conveyancing documents have been executed and delivered pursuant to the appointment of such Successor Trustee.

• The Trustee may resign from office (without need for prior or subsequent accounting) by an instrument in writing executed by the Trustee and delivered to the Guarantor, which resignation shall not take effect until a Successor Trustee has been appointed and has accepted such appointment by instrument in writing executed by such Successor Trustee and delivered to the Guarantor and the resigning Trustee.

• The predecessor Trustee shall deliver to the Successor Trustee all documents and statements held by it hereunder, and the Depositor and the predecessor Trustee shall execute and deliver such instruments and do such other things as may reasonably be required for fully and certainly vesting and confirming in the Successor Trustee all such rights, powers, duties and obligations within thirty days of execution of such instrument.

More Definitions of Successor Trustee

Successor Trustee means a Trustee that has been appointed to succeed the functions and obligations of the original or initial Trustee. The term Successor Trustee includes the preceding definition and applies to each Successor Trustee.

Successor Trustee means an entity appointed in accordance with the Trust Deed to act as successor trustee;

Successor Trustee means a per- son named as a successor trustee of a trust who may act if the trustee(s) can no longer act on behalf of the trust. For further infor- mation, please see Provision 4.h.

Successor Trustee has the meaning specified in the definition of "Trustee" in this Section 1.01.

Successor Trustee has the meaning set forth in Section 8.04 hereof.

Successor Trustee has the meaning set forth in Section 5.2(a) of this Trust Agreement.

Successor Trustee means a person, not previously serving as a co-trustee, who is to replace the departing trustee following the departing trustee's resignation or removal.