Removal or Resignation. The Company may remove the Trustee at any time, without assigning any cause therefor, by delivering to the Trustee and the Representative written notice of removal, effective not less than ninety (90) days after receipt by the Trustee and the Representative of such notice. If the Trustee gives written notice to the Company that it desires to resign under this Agreement, the Company shall use its reasonable efforts to locate a successor trustee, during which time the Trustee shall continue to act in accordance with the terms of this Agreement. At such time that the Company notifies the Trustee that a successor trustee has been appointed by the Company and has agreed to become subject to the terms of this Agreement, the Trustee shall transfer the management of the Trust Account to the successor trustee, including the transfer of copies of the reports and statements relating to the Trust Account. Any removal or resignation shall not be effective until the Company has duly appointed and approved a successor trustee and all of the Trust Property held by the Trustee in the Trust Account has been duly transferred to the successor trustee. If the Company does not locate a successor trustee within ninety (90) days of receipt of a resignation notice from the Trustee, the Trustee may (but shall not be obligated to) submit an application to have the Trust Property deposited with the United States District Court for the Southern District of New York and upon such deposit, the Trustee shall be immune from any liability whatsoever that arises due to any actions or omissions to act by the other Party after such deposit.
Removal or Resignation. The Master Custodial Administration Agreement Administrator may be removed by the Participant or Employer or the Master Custodial Administration Agreement Administrator may resign at any time upon sixty (60) days’ written notice to the other of such removal or resignation.
Removal or Resignation. The Trustee may resign as Trustee under this Agreement at any time by a written instrument delivered to the Committee giving notice of such resignation, which shall be effective sixty (60) days after receipt or at such other time as is agreed by the Committee and the Trustee. The Trustee may be removed at any time by the Board by a written resolution, certified by the Secretary or Assistant Secretary of the Bank and delivered to the Trustee, which shall be effective sixty (60) days after receipt or at such other time as is agreed between the Committee and the Trustee.
Removal or Resignation. Any director may resign or be removed from office at any time in accordance with Article III of the Constitution.
Removal or Resignation. The Plan Administrator or any member of the group who together comprise the Plan Administrator may be removed at the pleasure of the Employer by action of its Board of Directors or may resign by written notice to the Employer. Said removal or resignation shall be effective sixty (60) days after delivery of such notice to the other party unless some other date is designated by the Employer. After removal or resignation the Employer may appoint a successor Plan Administrator or member of the group who together constitute the Plan Administrator.
Removal or Resignation. 21- Section 10.02 Successor Trustee...................................................................-22- Section 10.03 Delivery of Trust Fund..............................................................-22- Article XI AMENDMENT AND TERMINATION
Removal or Resignation. 45 Section 9.1. Removal or Resignation of Custodian and Paying Agent. ....................... .45
Removal or Resignation. So long as Xxxxx X. Xxxxxxxxx shall be serving as President of the Company, the Company shall be permitted to remove the Escrow Agent and to appoint a successor in accordance with this paragraph 7. The Escrow Agent may resign from its duties and obligations hereunder by giving the Company at least 5 days' written notice, specifying the date when such resignation shall take effect. Prior to the effective date of such resignation, the Company shall appoint a successor Escrow Agent to assume the duties and obligations of, and to be substituted for, the Escrow Agent. Upon the appointment of a successor Escrow Agent, the Escrow Agent shall deliver the Escrow Fund (or assign its rights to the Escrow Fund) to its successor, and the Escrow Agent shall then be relieved and released of and from its duties and obligations under this Agreement, except to execute such documents and take such further actions as may be reasonably required to effect the termination and transfer of its obligations and responsibilities under this Agreement.
Removal or Resignation. A Manager may be removed at any time, with or without cause, by the written notice of the Member that designated such Manager, delivered to the Company, demanding such removal and designating the Person who shall fill the position of the removed Manager. Any Manager may resign as a Manager at any time by giving at least fifteen (15) days' written notice of his resignation to all the Members.
Removal or Resignation. The Trustee may be removed with respect to all or part of the Trust Fund upon receipt of thirty (30) days’ written notice (unless a shorter or longer period is agreed upon) from the Company. The Trustee may resign as Trustee hereunder upon one hundred twenty (120) days’ written notice (unless a shorter or longer period is agreed upon) delivered to the Company. In the event of such removal or resignation, a successor trustee will be appointed and the Trustee shall transfer the Trust Fund, less such amounts as may be reasonable and necessary to cover its compensation and expenses.
