Notice of Resignation or Removal Clause Samples
The Notice of Resignation or Removal clause outlines the procedures and requirements for formally notifying relevant parties when an individual resigns from or is removed from a specific position, such as a director or officer role. Typically, this clause specifies the method and timing for delivering such notice, for example, requiring written notification a certain number of days in advance. Its core function is to ensure a clear and orderly transition by providing all parties with adequate information and time to respond to changes in key personnel, thereby minimizing disruption and maintaining organizational stability.
Notice of Resignation or Removal. The Issuer will notify the Servicer, the Owner Trustee and the Indenture Trustee of any resignation or removal of the Asset Representations Reviewer.
Notice of Resignation or Removal. The Administrator will notify the Depositor, the Indenture Trustee and the Rating Agencies of any resignation or removal of the Owner Trustee.
Notice of Resignation or Removal. The Sponsor will notify the Issuer, the Owner Trustee and the Indenture Trustee of any resignation or removal of the Asset Representations Reviewer.
Notice of Resignation or Removal. The Issuing Entity will notify the Servicer, the Owner Trustee, the Grantor Trust Trustee, the Administrator and the Indenture Trustee of any resignation or removal of the Asset Representations Reviewer.
Notice of Resignation or Removal. The Servicer will notify the Issuer, the Owner Trustee, the Depositor and the Indenture Trustee of any resignation or removal of the Asset Representations Reviewer. The Depositor will report any resignation or removal of the Asset Representations Reviewer, or any appointment of a successor Asset Representations Reviewer, in the Issuer’s Form 10-D report related to the Collection Period in which such resignation, removal or appointment took place.
Notice of Resignation or Removal. Upon any resignation or removal of, or appointment of a successor to, the Asset Representations Reviewer pursuant to this Article VI, the Transferors shall give prompt written notice thereof to the Trustee, the Servicer and the Rating Agencies then rating the Certificates (which, in the case of any such appointment of a successor, shall consist of prior written notice thereof to the Rating Agencies then rating the Certificates).
Notice of Resignation or Removal. The Trust will notify the Servicer, the Administrator, the Owner Trustee and each Creditor Representative for each Series of Publicly Registered Notes of any resignation or removal of the Asset Representations Reviewer.
Notice of Resignation or Removal. Issuer will notify Synchrony Financial, Transferor, Seller, Servicer, Trustee and Indenture Trustee of any resignation or removal of Vendor.
Notice of Resignation or Removal. The Trust will notify the Depositor, the Owner Trustee, the Creditor Representatives and the Master Collateral Agent of any resignation or removal of the Administrator.
Notice of Resignation or Removal. Written notice of the resignation or removal of the General Partner shall be given by the General Partner to the Limited Partners. Such notice shall set forth the day upon which the resignation or removal is to become effective, which date shall not be less than 90 days after such notice is given to the party or parties being notified, unless a substituted General Partner is elected pursuant to Section 12.5 of this Agreement.