Common use of Resignation or Removal of the Trustee Clause in Contracts

Resignation or Removal of the Trustee. (a) The Trustee may resign at any time by giving not less than 90 days written notice thereof to the Beneficiary and to the Grantor. The Trustee may be removed by the Grantor’s delivery of not less than 90 days written notice of removal to the Trustee and the Beneficiary. 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.

Appears in 8 contracts

Samples: Coinsurance Trust Agreement (Primerica, Inc.), Excess Trust Agreement (Primerica, Inc.), Coinsurance Trust Agreement (Primerica, Inc.)

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Resignation or Removal of the Trustee. (a) The Trustee may resign at any time by giving not less than 90 days upon delivery of a written notice thereof to the Beneficiary and to the GrantorGrantor effective not less than 90 days after receipt by the Beneficiary and the Grantor of such notice. The Trustee may be removed by the Grantor’s delivery of not less than 90 days prior written notice of removal to the Trustee executed by Grantor and the Beneficiary. Such No such resignation or removal shall become effective on the acceptance of appointment by until a successor Trustee has been appointed and approved by the Beneficiary and the transfer to such successor Trustee of Grantor and all Assets in the Trust Account have been duly transferred to the successor Trustee in accordance with paragraph (b) of this Section 810.

Appears in 7 contracts

Samples: Trust Agreement (Genworth Financial Inc), Trust Agreement (Genworth Financial Inc), Trust Agreement (Ge Life & Annuity Assurance Co)

Resignation or Removal of the Trustee. (a) The Trustee may resign at any time by giving not less than 90 days days’ written notice thereof to the Beneficiary and to the Grantor. The Trustee may be removed by the Grantor’s delivery of not less than 90 days days’ written notice of removal to the Trustee Trustee, executed by both the Grantor and the Beneficiary. Such resignation or removal shall become effective on the acceptance appointment 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 89.

Appears in 5 contracts

Samples: Trust Agreement (Genworth Financial Inc), Trust Agreement (Genworth Financial Inc), Trust Agreement (Genworth Financial Inc)

Resignation or Removal of the Trustee. (a) The Trustee may resign at any time by giving not less than 90 days days' written notice thereof to the Beneficiary and to the Grantor. The Trustee may be removed by the Grantor’s 's delivery of not less than 90 days days' written notice of removal to the Trustee and the Beneficiary. Such resignation or removal shall become effective on no later than 90 days after notice is given and the acceptance of appointment by a successor Trustee trustee and the transfer to such successor Trustee trustee of all Assets in the Trust Account in accordance with paragraph (b) of this Section 89(b).

Appears in 4 contracts

Samples: Reinsurer Trust Agreement (Penn Treaty American Corp), Funds Withheld Trust Agreement (Penn Treaty American Corp), Funds Withheld Trust Agreement (Penn Treaty American Corp)

Resignation or Removal of the Trustee. (a) The Trustee may resign at any time by giving not less than 90 days days' written notice thereof to the Beneficiary and to the Grantor. The Trustee may be removed by the Grantor’s 's delivery of not less than 90 days days' written notice of removal to the Trustee and the Beneficiary. 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 89.

Appears in 3 contracts

Samples: Trust Agreement (Darwin Professional Underwriters Inc), Trust Agreement (Darwin Professional Underwriters Inc), Trust Agreement (Darwin Professional Underwriters Inc)

Resignation or Removal of the Trustee. (a) The Trustee may resign at any time by giving not less than 90 days days' written notice thereof to the Beneficiary and to the Grantor. The Trustee may be removed by the Grantor’s delivery of not less than 90 days written notice of removal , such resignation to the Trustee and the Beneficiary. Such resignation or removal shall become effective only on the acceptance of appointment by a successor Trustee trustee and the transfer to such successor Trustee trustee of all Assets in the Trust Account in accordance with paragraph (b) of this Section 89.

Appears in 2 contracts

Samples: Trust Agreement (Platinum Underwriters Holdings LTD), Trust Agreement (Platinum Underwriters Holdings LTD)

Resignation or Removal of the Trustee. (a) The Trustee may resign at any time by giving not less than 90 days sixty (60) days' written notice thereof to the Beneficiary and to the Grantor. The Trustee may be removed by the Grantor’s delivery of not less than 90 days written notice of removal , such resignation to the Trustee and the Beneficiary. Such resignation or removal shall become effective only on the acceptance of appointment by a successor Trustee trustee and the transfer to such successor Trustee trustee of all Assets in the Trust Account in accordance with paragraph (b) of this Section 89.

Appears in 2 contracts

Samples: Trust Agreement (Platinum Underwriters Holdings LTD), Trust Agreement (Platinum Underwriters Holdings LTD)

Resignation or Removal of the Trustee. (a) The Trustee may resign at any time by giving not less than 90 days days’ written notice thereof to the Beneficiary Beneficiaries and to the Grantor. The Grantor may also remove the Trustee may be removed by the Grantor’s delivery of not less than at any time, without assigning any reason therefore, on 90 days days’ prior written notice of removal thereof to the Trustee and with the Beneficiaryconsent of the Beneficiaries. Such Any such resignation or removal shall become effective on the acceptance of appointment by a successor Trustee trustee and the transfer to such successor Trustee trustee of all Assets in the Trust Account in accordance with paragraph (b) of this Section 89.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Allstate Corp), Stock Purchase Agreement (White Mountains Insurance Group LTD)

Resignation or Removal of the Trustee. (a) The Trustee may resign at any time by giving not less than 90 days days’ written notice thereof to the Beneficiary and to the Grantor. The Trustee may be removed by the Grantor’s delivery of not less than 90 days days’ written notice of removal to the Trustee and the Beneficiary. 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 810.

Appears in 1 contract

Samples: Master Transaction Agreement (Cna Financial Corp)

Resignation or Removal of the Trustee. (a) The Trustee may resign at any time by giving not less than 90 days written notice thereof to the Beneficiary and to the Grantor. The Trustee may be removed by the Grantor’s 's delivery of not less than 90 30 days written notice of removal to the Trustee and the Beneficiary. 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.

Appears in 1 contract

Samples: Grantor Trust Agreement (Ing Life Insurance & Annuity Co)

Resignation or Removal of the Trustee. (a) The Trustee may resign at any time by giving not less than 90 days written notice thereof to the Beneficiary and to the Grantor. The Trustee may be removed by the Grantor’s delivery of not less than 90 days written notice of removal to the Trustee and the Beneficiary. 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.

Appears in 1 contract

Samples: Automatic Yrt Agreement (C M Life Variable Life Separate Account I)

Resignation or Removal of the Trustee. (a) The Trustee may resign at any time by giving not less than 90 days days' written notice thereof to the Beneficiary Beneficiaries and to the GrantorGrantors. The Trustee may be removed by the Grantor’s Grantors' or the Beneficiaries' delivery of not less than 90 days days' written notice of removal to the Trustee and (in the Beneficiarycase of a removal by the Grantors) the Beneficiaries or (in the case of a removal by the Beneficiaries) the Grantors. Such resignation or removal shall become effective on the acceptance of appointment by a successor Trustee trustee and the transfer to such successor Trustee trustee of all Assets in the Trust Account Accounts in accordance with paragraph (b) of this Section 810.

Appears in 1 contract

Samples: Trust Agreement (Hallmark Financial Services Inc)

Resignation or Removal of the Trustee. (a) The Trustee may resign at any time by giving not less than 90 days written notice thereof to the Beneficiary and to the Grantor. The Trustee may be removed by the Grantor’s delivery of not less than 90 30 days written notice of removal to the Trustee and the Beneficiary. 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.

Appears in 1 contract

Samples: Grantor Trust Agreement (ING U.S., Inc.)

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Resignation or Removal of the Trustee. (a) The Trustee may resign at any time by giving not less than 90 days written notice thereof to the Beneficiary and to the Grantor. The Trustee may be removed by the Grantor’s 's delivery of not less than 90 days written notice of removal to the Trustee and the Beneficiary. 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 Accounts in accordance with paragraph (b) of this Section 89.

Appears in 1 contract

Samples: Coinsurance Trust Agreement (Primerica, Inc.)

Resignation or Removal of the Trustee. (a) The Trustee may resign at any time by giving not less than 90 days days’ written notice thereof to the Beneficiary and to the Grantor. The Trustee may be removed by the Grantor’s delivery of not less than 90 days days’ written notice of removal to the Trustee and the Beneficiary. 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 89.

Appears in 1 contract

Samples: Purchase Agreement (Tower Group, Inc.)

Resignation or Removal of the Trustee. (a) The Trustee may resign at any time by giving not less than 90 ninety (90) calendar days written notice thereof to the Beneficiary and to the Grantor. The Trustee may be removed by the Grantor’s delivery of not less than 90 thirty (30) calendar days written notice of removal to the Trustee and the Beneficiary. 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 89.

Appears in 1 contract

Samples: Stock Purchase Agreement (Montpelier Re Holdings LTD)

Resignation or Removal of the Trustee. (a) The Trustee may resign at any time by giving not less than 90 days days’ written notice thereof to the Beneficiary and to the Grantor. The Trustee may be removed by the Grantor’s delivery of not less than 90 days days’ written notice of removal to the Trustee and the Beneficiary. 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.

Appears in 1 contract

Samples: Trust Agreement (Lincoln Life & Annuity Variable Annuity Account H)

Resignation or Removal of the Trustee. (a) The Trustee may resign at any time by giving not less than 90 days ninety (90) days' written notice thereof to the Beneficiary and to the Grantor. The Trustee may be removed by the Grantor’s delivery of not less than 90 days written notice of removal , such resignation to the Trustee and the Beneficiary. Such resignation or removal shall become effective only on the acceptance of appointment by a successor Trustee trustee and the transfer to such successor Trustee trustee of all Assets in the Trust Account in accordance with paragraph (b) of this Section 89.

Appears in 1 contract

Samples: Trust Agreement (Platinum Underwriters Holdings LTD)

Resignation or Removal of the Trustee. (a) The Trustee may resign at any time by giving not less than 90 days written notice thereof to the Beneficiary and to the Grantor. The Trustee may be removed by the Grantor’s delivery of not less than 90 days days’ written notice of removal to the Trustee and the Beneficiary. Such resignation or removal shall only 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 89.

Appears in 1 contract

Samples: Trust Agreement (Donegal Group Inc)

Resignation or Removal of the Trustee. (a) The Trustee may resign at any time by giving not less than 90 days sixty (60) calendar days’ prior written notice thereof to the Beneficiary and to the Grantor. The Trustee may be removed by the Grantor’s delivery of not less than 90 days sixty (60) calendar days’ prior written notice of removal to the Trustee and the Beneficiary. Such resignation or removal shall only become effective on the acceptance of appointment by a successor Trustee and the transfer to such successor Trustee of all Permitted Assets in the Trust Account in accordance with paragraph (b) of this Section 811(b).

Appears in 1 contract

Samples: Coinsurance and Administrative Services Agreement

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