An Instructing Clause Samples

An Instructing. Group may at any time require the Security Trustee to retire from its appointment as Security Trustee with respect to the Trust under this Agreement without giving any reason upon giving to the Security Trustee and the Borrower not less than thirty (30) days’ prior written notice to such effect. The Security Trustee agrees to co-operate in giving effect to such resignation in accordance with any such notice duly received by it and, in such connection, shall execute all such deeds and documents as the Facility Agent may reasonably require in order to provide for (a) such resignation, (b) the appointment of a successor security agent and trustee of all the Trusts and (c) the transfer of the rights and obligations of the Security Trustee under this Agreement to such successor, in each case in a legal, valid and binding manner. The retiring Security Trustee shall not be responsible for any costs occasioned by such retirement (including in relation to any such deeds or documents previously referred to in this Clause 27.2).