Common use of Resignation or Removal of the Administrative Trustee; Appointment of Successor Administrative Trustee Clause in Contracts

Resignation or Removal of the Administrative Trustee; Appointment of Successor Administrative Trustee. (a) The Administrative Trustee may at any time resign as Administrative Trustee hereunder by written notice of its election so to do, delivered to the Sponsor, and such resignation shall take effect upon the appointment of a successor Administrative Trustee and its acceptance of such appointment as hereinafter provided.

Appears in 16 contracts

Samples: Trust Agreement (iShares S&P GSCI Commodity-Indexed Investing Pool LLC), Trust Agreement (iShares GS Commodity Light Energy Indexed Investing Pool LLC), Trust Agreement (iShares GS Commodity Energy Indexed Trust)

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Resignation or Removal of the Administrative Trustee; Appointment of Successor Administrative Trustee. (a) The Administrative Trustee may at any time resign as the Administrative Trustee hereunder by written notice of its election so to do, delivered to the Sponsor, and such resignation shall take effect upon the appointment of a successor Administrative Trustee and its acceptance of such appointment as hereinafter provided.

Appears in 6 contracts

Samples: Trust Agreement (iShares Bitcoin Trust), Trust Agreement (iShares Bitcoin Trust), Trust Agreement (iShares Bitcoin Trust)

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