Common use of Resignation of the Trustee Clause in Contracts

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.

Appears in 1 contract

Samples: Indenture

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Resignation of the Trustee. The Trustee may resign as trustee hereof upon delivery of at any time by delivering a written notice of resignation to the SettlorCompany. Such The resignation shall be effective take effect on the date that is ninety (90) set forth in such notice, which shall be no earlier than 60 days after from the date of such notice delivery to the Company unless a shorter time has been delivered by the Trustee to the Settlor or on such earlier date as may be agreed to upon in writing by the Trustee and the SettlorCompany; provided that a successor trustee has been appointed pursuant to Section 5.6.2 or Section 5.6.4 hereof.

Appears in 1 contract

Samples: Revocable Government Trust Agreement (Jarratt Christopher L)

Resignation of the Trustee. The Trustee may resign as trustee hereof upon delivery and be discharged of written the trusts hereby created by mailing notice of resignation to the Settlor. Such resignation shall be effective on Issuer and to all registered holders of Secured Obligations specifying the time and date that is ninety (90not earlier than sixty (60) days after the date of such notice has been delivered by notice) when such resignation shall take effect. Such resignation shall take effect upon the Trustee to the Settlor or on such earlier date appointment, qualification and acceptance of a successor trustee as may be agreed to in writing by the Trustee and the Settlorherein provided.

Appears in 1 contract

Samples: And Assignment Agreement (Madison Gas & Electric Co)

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Resignation of the Trustee. The Trustee may resign as trustee hereof upon delivery of at any time by delivering a written notice of resignation to the SettlorCompany and the Indemnitees. Such resignation shall be effective take effect on the date that is ninety (90) set forth in such notice, which shall be no earlier than 60 days after from the date of such notice delivery to the Company and the Indemnitees unless a shorter time has been delivered by the Trustee to the Settlor or on such earlier date as may be agreed to upon in writing by the Trustee Trustee, the Company and the SettlorIndemnitees; provided that a successor trustee has been appointed pursuant to Section 6.7(c).

Appears in 1 contract

Samples: Directors and Officers (Boston Life Sciences Inc /De)

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