Resignation of the Trustee. (a) The Trustee may resign at any time by giving not less than ninety (90) days' written notice thereof to the Beneficiary and to the Grantor, such resignation to become effective on the acceptance of appointment by a successor trustee and the transfer to such successor trustee of all Assets in the Reserve Trust Account in accordance with paragraph (b) of this Section 9. The Grantor and the Beneficiary jointly also may remove the Trustee at any time, without assigning any reason therefor, on fifteen (15) days' prior written notice thereof to the Trustee.
Resignation of the Trustee. Any Trustee acting hereunder may resign at any time by giving notice in writing to the Sponsor at least 60 days before such resignation is to become effective, unless the Sponsor shall accept as adequate a shorter notice.
Resignation of the Trustee. (a) The Trustee may resign by giving 30 days' prior written notice to the Advisory Board. In the case of the resignation of the Trustee, the Advisory Board shall appoint a Person to serve as successor Trustee, provided that such Person shall in all respects satisfy the requirements of Section 3807 of the Act, or any successor provision, and shall be a bank or trust company incorporated and doing business within the United States of America, whose business shall consist at least in part of serving as trustee in arrangements comparable to those contemplated hereby and having a combined capital and surplus of at least $50,000,000, if there be such an institution willing, able and legally qualified to perform the duties of the Trustee hereunder upon reasonable or customary terms. The appointment of the successor Trustee shall take effect concurrently with (i) the resignation of the former Trustee and (ii) the ratification of this Agreement, and no resignation of a Trustee shall be effective absent the concurrent appointment of a successor Trustee.
Resignation of the Trustee. Subject to Sections 8.10 and 8.11 below, the Trustee may resign as trustee of the Trust by means of a written notice delivered to the Manager and the Common Representative at least 60 (sixty) calendar days in advance of the effective date of such resignation, and only in the cases set forth in Article 391 of the LGTOC. Immediately following the receipt of the Trustee’s resignation notice by the Manager and the Common Representative, the Manager will appoint a substitute Trustee; provided, that the resigning Trustee shall not cease to be the Trustee hereunder until the substitute Trustee signs and delivers the acknowledgment referred to in Section 8.11(b).
Resignation of the Trustee. The Trustee may resign as trustee hereof upon delivery of written notice of resignation to the Settlor. Such resignation shall be effective on the date that is ninety (90) days after the date such notice has been delivered by the Trustee to the Settlor or on such earlier date as may be agreed to in writing by the Trustee and the Settlor.
Resignation of the Trustee. The Trustee may at any time resign as Trustee under the Trust Agreement by written notice of its election so to do delivered to the Owners, such resignation to take effect no earlier than sixty (60) days after the date of such notice. Whenever the Trustee in its discretion determines that it is in the best interest of the Owners of Receipts to do so, it may appoint an additional Trustee or Trustees.
Resignation of the Trustee. (a) The Trustee may resign and appoint one of its Affiliates acting through an office as successor by giving notice to the other Finance Parties and the Issuer.
Resignation of the Trustee. (a) The Trustee may resign at any time by giving not less than ninety (90) days’ written notice thereof to the Beneficiary and to the Grantor. The Grantor and the Beneficiary jointly also may remove the Trustee at any time, without assigning any reason therefor, on ninety (90) days’ prior written notice thereof to the Trustee. Such resignation or removal shall become effective on the acceptance of appointment by a successor trustee and the transfer to such successor trustee of all Assets in the Trust Account in accordance with paragraph (b) of this Section 8. (b) Upon receipt of the Trustee’s notice of resignation or notice to the Trustee of removal, the Grantor and the Beneficiary shall promptly appoint a successor trustee. Any successor trustee shall be a bank that is a Qualified United States Financial Institution and shall not be a parent, a subsidiary or an Affiliate of the Grantor or the Beneficiary. If a successor trustee has not accepted such appointment within thirty (30) days after the notice of resignation or removal, the Trustee may, in its sole discretion, apply at the expense of the Grantor to a court of competent jurisdiction for the appointment of a successor trustee or for other appropriate relief. The costs and expenses (including reasonable attorneys’ fees and expenses) incurred by the Trustee in connection with such proceeding shall be paid by, and be deemed an obligation of, the Grantor. Upon the acceptance of the appointment as trustee hereunder by a successor trustee,
Resignation of the Trustee. The Trustee may resign and be discharged from any further duties or liabilities hereunder by giving thirty (30) days written notice to the Vendor and Tarion (or such shorter notice as they may accept) provided that a successor Trustee, acceptable to both Tarion and the Vendor, is approved prior to the effective date of such resignation, and provided further that the successor Trustee confirms in writing to both Tarion and the Vendor that it shall be liable for the performance and fulfillment of all covenants and obligations imposed upon the Trustee as set forth in this Agreement and shall be bound thereby as if the successor Trustee had been originally named and appointed as Trustee herein.
Resignation of the Trustee. (a) The Trustee may resign at any time by written notice to Bancshares, which shall be effective 30 days after receipt of such notice unless Bancshares and the Trustee agree otherwise.
