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18.8. (a) Either of the Trustees, or any successor f
hereafter appointed, may resign at any time by giving written
notice thereof to the Company and the Beneficiaries. If the
Individual Trustee shall die, resign or be removed, a successor
Individual Trustee shall be appointed by the Corporate Trustee
or if the Corporate Trustee fails to make such appointment within
twenty (20) days after the occurrence of such event, then by
the Company. Upon receiving notice of the resignation of
the Corporate Trustee, the Company shall promptly appaint a
successor Corporate Trustee by written instrument, in dupli-
cate, executed by order of the Board of Directors of the
Company, a copy of which shall be delivered to the resigning
Corporate Trustee and a copy to the successor Corporate Trustee,
with copies to the Beneficiaries. If no successor trustee shall
have been so appointed and have accepted appointment within
thirty (30) days after the mailing of such notice of resigna-
~ tion or such death or removal, two-thirds in interest of the
; Beneficiaries may appoint a successor trustee.
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i (b) If at any time:
a
_ (1) the Corporate Trustee shall fail to _
? comply with Section 18.7 after written request therefor
~ by the Company or by any of the Beneficiaries; or
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' (2) the Corporate Trustee shall cease to ;
~ be eligible in accordance with the provisions of ~
~ Section 18.6 and shall fail to resign after written ~
request therefor by the Company or by ar~y of the Bene- ~
~ ficiaries ; or . ~
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x (3) either of the Trustees shall become ;
F- .
~ inca able of actin , or shall be adjudged a bankrupt or }
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~ insolvent, or any public officer shall take charge or =
control of the Corporate Trustee or of its property or `
" affairs for the purpose of rehabilitation, conservation <
,
~ or liquidation;
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= then, in any such case, (i) the Company may remove the
= affected trustee and appoint a successor trustee by written
instrument, in duplicate, executed by order of the Board of
Directors of the Company, a copy of which shall be delivered
to the trustee so removed, another copy to the successor
- trustee, and copies to each of the Beneficiaries, or (ii)
two-thirds in interest of the Beneficiaries may appoint
a successor trustee, which appointment shall supercede any
prior appointment by the Company or (iii) any of the Bene-
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