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powers organized and in good standing under the banking laws of the <br />United States or any state, and shall have at the time of <br />appointment capital and surplus of not less than $5,000,000 or be <br />a member of the bank group or bank holding company with aggregate <br />capital and surplus of not less than $5,000,000. <br />(d) Every successor Escrow Trustee appointed hereunder <br />shall execute, acknowledge and deliver to its predecessor and to <br />the Authority an instrument in writing accepting such appointment <br />hereunder; and thereunder such successor Escrow Trustee, without <br />any further act, deed or conveyance, shall become fully vested <br />with all the estates, properties, rights, immunities, powers, <br />trusts, duties and obligations of such predecessor; and every <br />predecessor Escrow Trustee shall, nevertheless, on the written <br />request of such successor Escrow Trustee or the Authority, execute <br />• and deliver an instrument transferring to such successor Escrow <br />Trustee all the estates, properties, rights, immunities, powers, <br />trusts, duties and obligations of such predecessor hereunder; and <br />every predecessor Escrow Trustee shall deliver all securities and <br />moneys held by it as Escrow Trustee hereunder successor. Should <br />any transfer, assignment or instrument in writing from the <br />Authority be required by any successor Escrow Trustee for more <br />fully and certainly vesting in such successor Escrow Trustee who <br />estates, properties, rights, immunities, powers, trusts, duties and <br />obligations hereby vested or intended to be vested in the <br />predecessor Escrow Trustee, any such transfer, assignment and <br /> <br />-12- <br />