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~ specifying the date when such resignation shall take effect, to each registered wner of related Certificates then Outstanding at his address appearing upon the Certificate registry oks maintained 3 by the Trustee, and such resignation shall take effect upon the latest to occur of the day specified in 4 such notice or the date upon which the County has appointed a successor and su h successor has 5 agreed to act in such capacity. Unless otherwise agreed to in writing by the C unty, any such 6 resignation by the Trustee shall, when effective, also serve to remove the Truste as registrar and 7 paying agent hereunder. 8 9 ~H~ REMOVAL OF TRUSTEE. Except as otherwise expressly provided in a Supplemental l0 Agreement, the Trustee may be removed at any time by an instrument in writin , filed with the ll Trustee, and signed by the County, but no such removal shall be effective until the County has 12 appointed a qualified successor and such successor has agreed to act in such capa ity. 13 14 Upon any such removal and prior to the effectiveness thereof, the Count shall appoint a 15 successor meeting the qualifications hereof to act as Trustee. Unless otherwise ag eed to in writing 16 by the County, any such removal of the Trustee shall, when effective, also ser le to remove the 17 Trustee as certificate registrar and paying agent hereunder. 'i 18 19 (I) FAILURE OF COUNTY TO APPOINT SUCCESSOR. If, within forty-fiv (45) days after 20 receipt by the County of a resignation from the Trustee pursuant to Section 907(G) r receipt by the 21 Trustee of a notice of removal of the Trustee by the County pursuant to Section 90 (H) hereof, the ~2 County has not appointed a qualified successor who has agreed to act as Truste hereunder, the ~'.3 Trustee (in the case of its resignation under Section 907(G)), any Credit Provider or the Owner of 24 any Certificate may apply to any court of competent jurisdiction to appoint a succes or Trustee. Said 25 court may thereupon, after such notice, if any, as such court may deem proper, ap oint a successor 26 Trustee that meets the qualifications required hereunder and who has agreed to act n such capacity. 27 ' 28 (.n FINANCIAL QUALIFICATIONS OF SUCCESSOR TRUSTEE. Any success r to the Trustee 29 shall be a bank or trust company or national banking association, doing busine s in the State of 30 Oregon, and shall have (or its parent company or holding company shall have) apital stock and 31 surplus aggregating at least $50,000,000. 32 33 (K) TRANSFER OF RIGHTS AND PROPERTY TO SUCCESSOR TRUSTEE. Any succ:sse: 34 Trustee appointed under this Agreement shall execute, acknowledge and deliver t its predecessor 35 Trustee, and also to the County, an instrument accepting such appointment (includi g but not limited 36 to its appointment as paying agent and certificate registrar hereunder), and thereup such successor 37 Trustee, without any further act, deed or conveyance, shall become fully vested ith all moneys, 38 estates, properties, rights, power, duties and obligations of such predecessor Truste , with like effect 39 as if originally named as such Trustee; but the Trustee ceasing to act shall nev rtheless, on the 4o written request of the County or the successor Trustee, execute, acknowledge, deliv r, file and record 41 such instrument of conveyance and further assurance and do such other things as y reasonably be 42 required for more fully and certainly vesting and confirming in such successor Trus ee any such lien, ~ FINANCING AND TRUST AGREEMENT PAGE SC