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Any successor Trustee appointed under this Indenture shall signify its acceptance of such <br /> appointment by executing and delivering to the Authority and to its predecessor Trustee a <br /> written acceptance thereof, and thereupon such successor Trustee, without any further act, <br /> deed or conveyance, shall become vested with all the moneys, estates, properties, rights, <br /> powers, trusts, duties and obligations of such predecessor Trustee, with like effect as if <br /> originally named Trustee herein; but, nevertheless, at the written request of the Authority <br /> or of the successor Trustee, such predecessor Trustee shall execute and deliver any and all <br /> instruments of conveyance or further assurance and do such other things as may reasonably <br /> be required for more fully and certainly vesting in and confirming to such successor Trustee <br /> all the right, title and interest of such predecessor Trustee in and to any property held by it <br /> under this Indenture and shall pay over, transfer, assign and deliver to the successor <br /> Trustee any money or other property subject to the trusts and conditions herein set forth. <br /> Upon request of the successor Trustee, the Authority shall execute and deliver any and all <br /> instruments as may be reasonably required for more fully and certainly vesting in and <br /> confirming to such successor Trustee all such moneys, estates, properties, rights, powers, <br /> trusts, duties and obligations. Upon acceptance of appointment by a successor Trustee as <br /> provided in this subsection, such successor Trustee shall mail a notice of the succession of <br /> such Trustee to the trusts hereunder by first class mail, postage prepaid, to the Owners at <br /> their addresses listed in the bond register. <br /> (e) Any Trustee appointed under the provisions of this Section shall be a trust <br /> company or bank having the powers of a trust company, having a corporate trust office <br /> in California, and having a combined capital and surplus of at least fifty million dollars <br /> ($50,000,000) and if such trust company or bank is affiliated with a bank holding company, <br /> such bank holding company shall have a combined capital and surplus of at least fifty <br /> million dollars ($50,000,000), and subject to supervision or examination by federal or state <br /> authority; and shall be acceptable to the Bond Insurer. If such bank or trust company <br /> publishes a report of condition at least annually, pursuant to law or to the requirements of <br /> any supervising or examining authority above referred to, then for the purpose of this <br /> subsection the combined capital and surplus of such bank or trust company shall be deemed <br /> to be its combined capital and surplus as set forth in its most recent report of condition so <br /> published. In case at any time the Trustee shall cease to be eligible in accordance with the <br /> provisions of this subsection (e), the Trustee shall resign immediately in the manner and <br /> with the effect specified in this Section. Notwithstanding the above, the <br /> (f) No provision in this Indenture shall require the Trustee to risk or expend <br /> its own funds or otherwise incur any financial liability in the performance of any of its <br /> duties hereunder if it shall in its sole subjective opinion have reasonable grounds for <br /> believing that repayment of such funds or adequate indemnity against such risk or liability <br /> is not assured to it. <br /> (g) The Trustee shall not be responsible for the sufficiency, timeliness or <br /> enforceability of the Revenues. <br /> LAI-63221.5 46 <br />