Common use of Removal of the Trustee Clause in Contracts

Removal of the Trustee. The Sponsor may, with or without cause, remove any Trustee acting hereunder by giving notice in writing to the Trustee at least 60 days before such removal is to become effective, unless the Trustee shall accept as adequate a shorter notice.

Appears in 4 contracts

Samples: Trust Agreement (Downey Financial Corp), Trust Agreement (Farr Co), Trust Agreement (Orion Capital Corp)

AutoNDA by SimpleDocs

Removal of the Trustee. The Sponsor may, with or without cause, remove any Trustee acting hereunder by giving notice in writing to the Trustee at least 60 30 days before such removal is to become effective, unless the Trustee shall accept as adequate a shorter notice.

Appears in 3 contracts

Samples: Trust Agreement (Ns Group Inc), Trust Agreement (Ns Group Inc), Trust Agreement (Ns Group Inc)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.