Resignation and Removal of Security Trustee. The Security Trustee may resign at any time without cause by giving at least 30 days' prior written notice to the Issuer and the Senior Representative. The Senior Representative may at any time remove the Security Trustee without cause by an instrument in writing delivered to the Secured Parties and the Security Trustee. No termination of this Agreement by the Security Trustee or the Senior Representative pursuant to this Section 6.01 shall become effective prior to the date of appointment by the Senior Representative of a successor Security Trustee and the acceptance of such appointment by such successor Security Trustee.
Resignation and Removal of Security Trustee. The Security Trustee may resign at any time without cause by giving at least sixty (60) days’ prior written notice to the Issuer, the Trustee, the Servicer and the Administrative Agent. The Controlling Party may at any time remove the Security Trustee without cause by an instrument in writing delivered to the Issuer, the Servicer, the Administrative Agent and the Security Trustee. In addition, if the Security Trustee is also the Trustee, any removal of the Trustee pursuant to Section 7.01 of the Indenture shall (unless otherwise provided in the document or instrument removing the Trustee) be automatically a removal of the Security Trustee under this Agreement. No termination of or resignation by the Security Trustee pursuant to this Section 6.01 shall become effective prior to the date of appointment by the Controlling Party of a successor Security Trustee and the acceptance of such appointment by such successor Security Trustee.
Resignation and Removal of Security Trustee. The Security Trustee may resign at any time without cause by giving at least 30 days' prior written notice to the Issuer, the Indenture Trustee and the Credit Facility Agent. At the direction of the Requisite Creditors, the Indenture Trustee and the Credit Facility Agent may, acting jointly, at any time remove the Security Trustee for material cause by a Written Notice delivered to the Secured Parties and the Security Trustee. No resignation or removal of the Security Trustee pursuant to this Section 7.01 shall become effective prior to the date of appointment by the Indenture Trustee and the Credit Facility Agent, acting jointly, of a successor Security Trustee and the acceptance of such appointment by such successor Security Trustee.
