1998-10-19 Resolution 130 - Laserfiche WebLink

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transfer, assignment and instruments in writing shall, on request, be executed, acknowledged and delivered by the Authority. (e) Any corporation into which the Escrow Trustee, or any successor to it in the trusts, duties and obligations created by this Agreement, may be merged or converted or with which it or any successor to it may be consolidated, or any corporation resulting from any merger, conversion, consolidation or reorganization to which the Escrow Trustee or any successor to it shall be a parry shall, if approved in writing by the Authority (which approval shall not be unreasonably withheld), be the successor Escrow Trustee under this Agreement and vested with all of the title to the Trust Estate and all the estates, properties, rights, immunities, powers, trusts, duties and obligations of its predecessor without the execution or filing of any paper or any further act, deed or conveyance on the part of any of the parties hereto, anything herein to the contrary • notwithstanding. Section 14. Payments to Escrow Trustee. The Escrow Trustee shall be entitled to payment and reimbursement for fees and for its services rendered hereunder and all advances, counsel fees, and other expenses made or incurred by the Escrow Trustee in connection with such services. The Escrow Trustee shall have no lien, security interest or right of set-off whatsoever upon any of the moneys or investments in the Escrow Fund for the payment of fees and expenses for services rendered by the Escrow Trustee under this Agreement. Section 15. Escrow Trustee to Act as Trustee. The moneys held by the Escrow Trustee in the Escrow Fund under this Agreement are to be held by it as a trustee for the sole and • :ODMA\PCDOCS\SBDOCS 1\24205\2 ' 13`