Removal and Resignation of Trustees Sample Clauses

Removal and Resignation of Trustees. The Trustees or the Shareholders (by vote of 66-2/3% of the outstanding Shares entitled to vote thereon) may remove at any time any Trustee with or without cause, and any Trustee may resign at any time as Trustee, without penalty by written notice to the Trust.
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Removal and Resignation of Trustees. (a) A Trustee may resign by giving written notice, a signed and acknowledged instrument, delivered to (i) XXXX XXX; (ii) the Guardian of XXXX XXX, if any; (iii) any Successor Trustee; (iv) the Grantor; and (v) the local Social Service agency.
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Removal and Resignation of Trustees. (a) The Grantor reserves the right to remove a trustee upon three (3) days written notice and replace said Trustee with a Successor Trustee (other than the Grantor or Grantor's spouse). In the event the Grantor removes but fails to replace the Trustee, then the Successor Trustee as provided for herein shall replace the Trustee. No Successor Trustee, whether appointed by the Settlor or designated by another, shall have the right to invade principal and/or revoke the Trust for the benefit of the Settlor.
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Related to Removal and Resignation of Trustees

  • Removal and Resignation Any officer of the Company may be removed as such, with or without cause, by the Managers at any time. Any officer of the Company may resign as such at any time upon written notice to the Company. Such resignation shall be made in writing and shall take effect at the time specified therein or, if no time is specified therein, at the time of its receipt by the Managers.

  • Resignation of Trustee Any Trustee hereunder may resign by a notice in writing delivered to the Grantor, if the Grantor is then living, and, after the Grantor’s death, to all current Beneficiaries of the Trust.

  • Appointment of Trustees (A) The power of appointing new trustees shall be vested in the Issuer but a trustee so appointed must in the first place be approved by the Borrower and subsequently by an Extraordinary Resolution or Written Resolution. A trust corporation may be appointed sole trustee hereof but subject thereto there shall be at least two trustees hereof one at least of which shall be a trust corporation. Any appointment of a new trustee hereof shall as soon as practicable thereafter be notified by the Trustee to the Principal Paying Agent and the other Agents and to the Noteholders. The Noteholders shall together have the power, exercisable by Extraordinary Resolution or Written Resolution, to remove any trustee or trustees for the time being hereof. The removal of any trustee shall not become effective unless the Borrower has given its prior written consent thereto and there remains a trustee hereof (being a trust corporation) in office after such removal.

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