Examples of Xxxxxx Mae in a sentence
In the event that Xxxxxx Xxx in its discretion so determines to undertake any such legal action, Xxxxxx Mae for its own account shall pay and defray the expense of any such action, including attorneys’ fees.
Xxxxxx Mae shall not resign from the duties imposed upon Xxxxxx Xxx in its corporate capacity or in its capacity as Trustee by the terms of this Trust Agreement except upon determination that the performance of such duties is not permissible under applicable law.
Xxxxxx Mae shall take all such action and execute and deliver all such instruments as may be necessary and appropriate to prosecute such petition and to comply with all final orders and decrees of the court.
In the event of any such resignation, Xxxxxx Mae promptly shall furnish written notice thereof to all Holders of Certificates, together with an explanation of the reason or reasons therefor, and at its own cost and expense shall proceed promptly to petition a court of competent jurisdiction for the appointment of a successor to assume the duties imposed by this Trust Agreement in respect of the capacity or capacities as to which Xxxxxx Xxx shall have resigned.
In the event that the basis of any such Opinion of Counsel shall relate to the dual nature of Xxxxxx Mae’s activities hereunder and the conclusion of such Opinion of Counsel may be changed by Xxxxxx Mae’s resigning in its corporate capacity or resigning in its capacity as Trustee, Xxxxxx Mae shall resign in its capacity as Trustee and shall continue to act hereunder in its corporate capacity.