Common use of Resignation by Trustee Clause in Contracts

Resignation by Trustee. Trustee may resign as trustee of any or all trusts formed under this Agreement at any time by giving written notice, specifying the effective date of resignation, to me or, after my death, to the beneficiaries, at the time of giving notice, of the trust. If no successor is named, a remaining cotrustee may continue to serve as sole trustee.

Appears in 1 contract

Samples: www.icle.org

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Resignation by Trustee. β€Œ The Trustee may resign as trustee of any or all trusts formed under this Agreement at any time from the trusts created hereby by giving written notice, specifying notice of the effective date of resignation, to me or, after my death, resignation to the beneficiariesCity, the Bond Insurer, and the Corporation and by mailing written notice of the resignation to the Holders as their names and addresses appear on the Register at the time close of giving notice, business 15 days prior to the mailing. The resignation shall take effect upon the appointment of the trust. If no a successor is named, a remaining cotrustee may continue to serve Trustee and its acceptance of its duties as sole trusteeset forth in Section 6.8 hereof.

Appears in 1 contract

Samples: Trust Agreement

Resignation by Trustee. The Trustee may resign as trustee of any or all trusts formed under this Agreement at any time from the trusts created hereby by giving written notice, specifying notice of the effective date of resignation, to me or, after my death, resignation to the beneficiariesCity, the Bond Insurer, and the Corporation and by mailing written notice of the resignation to the Holders as their names and addresses appear on the Register at the time close of giving notice, business 15 days prior to the mailing. The resignation shall take effect upon the appointment of the trust. If no a successor is named, a remaining cotrustee may continue to serve Trustee and its acceptance of its duties as sole trusteeset forth in Section 6.8 hereof.

Appears in 1 contract

Samples: Trust Agreement

Resignation by Trustee. The Trustee may resign as trustee of any or all trusts formed under this Agreement at any ---------------------- time from the trusts created hereby by giving written notice, specifying notice of the effective date of resignation, to me or, after my death, resignation to the beneficiariesIssuer, the Borrower, the Bank and the Remarketing Agent and by mailing written notice of the resignation to the Holders as their names and addresses appear on the Register at the time close of giving notice, business one Business Day prior to the mailing. The resignation shall take effect only upon the appointment of a successor Xxxxxxx and transfer of the trust. If no successor is named, a remaining cotrustee may continue Letter of Credit to serve as sole trusteesuch successor.

Appears in 1 contract

Samples: Funds And (Innovative Solutions & Support Inc)

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Resignation by Trustee. The Trustee may resign as trustee of any or all trusts formed under this Agreement at any time from the trusts created hereby by giving written notice, specifying notice of the effective date of resignation, to me or, after my death, resignation to the beneficiaries, City and by mailing written notice of the resignation to the Holders as their names and addresses appear on the register at the time close of giving notice, business 15 days prior to the mailing. The resignation shall take effect upon the appointment of the trust. If no a successor is named, a remaining cotrustee may continue to serve as sole trusteeTrustee.

Appears in 1 contract

Samples: Trust Agreement

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