RESIGNATION OR RETIREMENT OF DIRECTOR. Each appointor hereby confirms to the other that, if the person nominated or deemed to be nominated by it should resign or retire or for any other reason cease to act as director of any of the Companies, it will promptly:
Appears in 3 contracts
Samples: Agreement, Corporate Services Agreement (Permanent Funding (No. 2) LTD), Services Agreement (Permanent Funding (No. 2) LTD)
RESIGNATION OR RETIREMENT OF DIRECTOR. Each appointor hereby confirms to the other that, if the person nominated or deemed to be nominated by it should resign or retire or for any other reason cease to act as director of any of the CompaniesFourth Issuer, it will promptly:
Appears in 1 contract
Samples: Fourth Issuer Corporate Services Agreement (Permanent Mortgages Trustee LTD)
RESIGNATION OR RETIREMENT OF DIRECTOR. 4.3. Each appointor hereby confirms to the other that, if the person nominated or deemed to be nominated by it should resign or retire or for any other reason cease to act as director of any of the CompaniesCompany, it will promptly:: (i) procure that such director shall acknowledge in writing that he has no claim of any nature whatsoever against the Company; (ii) nominate another person willing to act in the relevant capacity; and (iii) procure the consent of that other person to act in that capacity.
Appears in 1 contract
Samples: Permanent Funding (No. 2) LTD
