Common use of Resignation of the Trustee Clause in Contracts

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. The Trustee may resign at any time resign as Trustee under the Trust Agreement by delivering a written notice of its election so to do delivered resignation to the Owners, such Company and to the Agents. resignation to shall take effect on the date set forth in such notice, which shall be no earlier than sixty (60) 60 days after from the date of such notice. Whenever delivery to the Company unless a shorter time has been agreed upon in writing by the Trustee in its discretion determines and the Company; provided that it is in the best interest of the Owners of Receipts a successor trustee has been appointed pursuant to do so, it may appoint an additional Trustee Section 5.7.2 or TrusteesSection 5.7.4 hereof.

Resignation of the Trustee. The Trustee may resign its position at any time resign as Trustee under the Trust Agreement by giving sixty (60) days’ advance written notice of its election so to do delivered to the OwnersCompany, unless such resignation notice period is waived by the Company or the Committee. If the Company fails to take effect no earlier than appoint a successor trustee within sixty (60) days after of its receipt of the date Trustee’s written notice of such notice. Whenever resignation, the Trustee in its discretion determines that it is in will treat the best interest Board of Directors of the Owners Company as having been appointed as Trustee and as having their acceptance of Receipts to do so, it may appoint an additional the appointment as Trustee or Trustees.with the former Trustee. 10

Resignation of the Trustee. The Trustee may resign its position at any time resign as Trustee under the Trust Agreement by giving sixty (60) days’ advance written notice of its election so to do delivered to the OwnersCompany, unless such resignation notice period is waived by the Company or the Committee. If the Company fails to take effect no earlier than appoint a successor trustee within sixty (60) days after of its receipt of the date Trustee’s written notice of such notice. Whenever resignation, the Trustee in its discretion determines that it is in will treat the best interest Board of Directors of the Owners Company as having been appointed as Trustee and as having their acceptance of Receipts to do so, it may appoint an additional the appointment as Trustee or Trusteeswith the former Trustee.