Common use of Action upon Termination, Resignation or Removal Clause in Contracts

Action upon Termination, Resignation or Removal. Promptly on the effective date of termination of this Agreement or the resignation or removal of the Administrator pursuant to Section 7, the Administrator shall be entitled to be paid all fees and reimbursable expenses accruing to it until the date of termination, resignation, or removal. When this Agreement terminates pursuant to Section 7, the Administrator shall forthwith deliver to the Trust all property and documents relating to the Collateral then in the custody of the Administrator. Upon the resignation or removal of the Administrator pursuant to Section 7, the Administrator shall cooperate with the Trust and take all reasonable steps requested to assist the Trust in making an orderly transfer of the duties of the Administrator.

Action upon Termination, Resignation or Removal. Promptly on upon the effective date of termination of this Agreement pursuant to Section 8.01(b) or the resignation or removal of the Administrator pursuant to Section 77.08(b) or (c), respectively, the Administrator shall be entitled to be paid all fees and reimbursable expenses accruing to it until to the date of such termination, resignation, resignation or removal. When this Agreement terminates The Administrator shall forthwith upon the termination pursuant to Section 7, the Administrator shall forthwith 8.01(b) deliver to the Trust all property and documents of or relating to the Collateral Trust Assets then in the custody of the Administrator. Upon In the event of the resignation or removal of the Administrator pursuant to Section 77.08(b) or (c), the Administrator shall cooperate with the Trust and take all reasonable steps requested to assist the Trust in making an orderly transfer of the duties of the Administrator.

Action upon Termination, Resignation or Removal. Promptly on upon the effective date of termination of this Agreement pursuant to Section 9 hereof or the resignation or removal of the Administrator pursuant to Section 79 hereof, respectively, the Administrator shall be entitled to be paid all fees and reimbursable expenses accruing to it until to the date of such termination, resignation, resignation or removal. When this Agreement terminates pursuant to Section 7, the The Administrator shall forthwith upon such termination deliver to the Trust Issuer all property and documents of or relating to the Collateral Trust Estate then in the custody of the Administrator. Upon In the event of the resignation or removal of the Administrator pursuant to Section 7Administrator, the Administrator shall cooperate with the Trust successor Administrator and take all reasonable steps requested to assist the Trust Issuer in making an orderly transfer of the duties of the Administrator.