📄 Extracted Text (561 words)
succeeding to all or substantially all of the corporate trust business of the Trustee, shall be the
successor of the Trustee hereunder, provided such organization or entity shall be otherwise
qualified and eligible under this Article 6, without the execution or filing of any paper or any
further act on the part of any of the parties hereto. In case any of the Securities has been
authenticated, but not delivered, by the Trustee then in office, any successor by merger,
conversion or consolidation to such authenticating Trustee may adopt such authentication and
deliver the Securities so authenticated with the same effect as if such successor Trustee had itself
authenticated such Securities.
Section 6.12 Co-Trustees.
At any time or times, for the purpose of meeting the legal requirements of any
jurisdiction in which any part of the Collateral may at the time be located, the Co-Issuers and the
Trustee shall have power to appoint one or more Persons to act as co-trustee (subject to the
written approval of the Rating Agencies), jointly with the Trustee, of all or any part of the
Collateral, with the power to file such proofs of claim and take such other actions pursuant to
Section 5.6 herein and to make such claims and enforce such rights of action on behalf of the
Holders, as such Holders themselves may have the right to do, subject to the other provisions of
this Section 6.12.
The Co-Issuers shall join with the Trustee in the execution, delivery and
performance of all instruments and agreements necessary or proper to appoint a co-trustee. If the
Co-Issuers do not join in such appointment within 15 days after the receipt by them of a request
to do so, the Trustee shall have the power to make such appointment.
Should any written instrument from the Co-Issuers be required by any co-trustee
so appointed, more fully confirming to such co-trustee such property, title, right or power, any
and all such instruments shall, on request, be executed, acknowledged and delivered by the Co-
Issuers. The Co-Issuers agree to pay (but only from and to the extent of the Collateral), to the
extent funds are available therefor under Section 11.1(aXiXA), for any reasonable fees and
expenses in connection with such appointment.
Every co-trustee shall, to the extent permitted by law, but to such extent only, be
appointed subject to the following terms:
(a) the Securities shall be authenticated and delivered and all rights, powers,
duties and obligations hereunder in respect of the custody of securities, Cash and other personal
property held by, or required to be deposited or pledged with, the Trustee hereunder, shall be
exercised solely by the Trustee;
(b) the rights, powers, duties and obligations hereby conferred or imposed
upon the Trustee in respect of any property covered by the appointment of a co-trustee shall be
conferred or imposed upon and exercised or performed by the Trustee or by the Trustee and such
co-trustee jointly as shall be provided in the instrument appointing such co-trustee;
(c) the Trustee at any time, by an instrument in writing executed by it, with
the concurrence of the Co-Issuers evidenced by an Issuer Order, may accept the resignation of or
remove any co-trustee appointed under this Section 6.12, and in case an Event of Default has
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CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0056596
CONFIDENTIAL SDNY GM_00202780
EFTA01365675
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