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No successor Trustee shall accept its appointment unless at the time of such acceptance
<br />such successor Trustee shall be qualified and eligible under this Article, to the extent
<br />operative.
<br />Section 1011. Merger or Consolidation. Any corporation into which the Trustee may
<br />be merged or with which it may be consolidated, or any corporation resulting from any
<br />merger or consolidation to which the Trustee shall be a party, or any corporation succeeding
<br />to all or substantially all of the corporate trust business of the Trustee, shall be the successor
<br />of the Trustee hereunder, provided such corporation shall be otherwise qualified and eligible
<br />under this Article, to the extent operative, without the execution or filing of any paper or
<br />any further act on the part of any of the parties hereto. In case any Bonds shall have been
<br />authenticated, but not delivered, by the Trustee then in office, any. successor by merger or
<br />consolidation to such authenticating Trustee may adopt such authentication and deliver the
<br />Bonds so authenticated with the same effect as if such successor Trustee had itself
<br />authenticated such Bonds,
<br />Section 1012. Co,- trustees and Separate Trustee. At any time or times, for the purpose
<br />of meeting the legal requirements of any jurisdiction in which any of the trust estate may at
<br />the time be located, the Issuer and the Trustee shall have power to appoint, and, upon the
<br />written request of the Trustee or of the holders of at least 25% in principal amount of the
<br />Bonds outstanding, the Issuer shall for such purpose join with the Trustee in the execution,
<br />delivery and performance of all instruments and agreements necessary or proper to appoint,
<br />one or more Persons approved by the Trustee either to act as co- trustee, jointly with the
<br />Trustee, of all or any part of the trust estate, or to act as separate trustee of any such
<br />property, in either case with such powers as may be provided in the instrument of
<br />appointment, and to vest in such Person or Persons in the capacity aforesaid, any property,
<br />title, right or power deemed necessary or desirable, subject to the other provisions of this
<br />Section 1012. If the Issuer does not join in such appointment within 15 days after the receipt
<br />by it of a request so to do, or in case an Event of Default has occurred and is continuing, the
<br />Trustee alone shall have power to make such appointment.
<br />Should any written instrument from the Issuer be required by any co- trustee or
<br />separate trustee so appointed for more fully confirming to such co- trustee or separate trustee
<br />such property, title, right or power, any and all such instruments shall, on request, be
<br />executed, acknowledged and delivered by the Issuer.
<br />Every co- trustee or separate trustee shall, to the extent permitted by law, but to such
<br />extent only, be appointed subject to the following terms, namely:
<br />(a) The Bonds shall be authenticated and delivered, and all rights, powers,
<br />duties and obligations hereunder in respect of the custody of securities, cash and other
<br />personal property held by, or required to be deposited or pledged with, the Trustee
<br />hereunder, shall be exercised solely, by the Trustee.
<br />(b) The rights, powers, duties and obligations hereby conferred or imposed
<br />upon and exercised or performed by the Trustee in respect of such property shall be
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