Common use of Term; Resignation Clause in Contracts

Term; Resignation. The Trustee shall serve for the duration of the Trust and until the earlier of (a) the effective date of the Trustee’s resignation, or (b) the effective date of the removal of the Trustee. The Trustee is permitted to resign upon at least sixty (60) days’ prior written notice to the Sponsor; provided, however, that said resignation shall not be effective until such time as a successor Trustee has accepted such appointment. The Trustee may be removed by the Sponsor at any time, upon sixty (60) days’ prior written notice to the Trustee; provided, however, such removal shall not be effective until such time as a successor Trustee has accepted such appointment.

Term; Resignation. (a) The Trustee shall be appointed by the Sponsor and shall serve for the duration of the Trust and or until the earlier of (ai) the effective date of the Trustee’s resignation, or (bii) the effective date of the removal of the Trustee. Trustee by the Sponsor. (b) The Trustee is permitted to may resign upon at least any time by giving sixty (60) days’ prior written notice to the Sponsor; provided, however, that said resignation of the Trustee shall not be effective until such time as a successor Trustee ▇▇▇▇▇▇▇ has accepted such appointmentappointment as Trustee of the Trust. The Trustee may be removed at any time by the Sponsor at any time, upon sixty (60) days’ prior written notice to the Trustee; provided, however, such removal shall not be effective until such time as a successor Trustee has accepted such appointment.

Term; Resignation. (a) The Trustee shall be appointed by the Sponsor and shall serve for the duration of the Trust and or until the earlier of (ai) the effective date of the Trustee’s resignation, or (bii) the effective date of the removal of the Trustee. Trustee by the Sponsor. (b) The Trustee is permitted to may resign upon at least any time by giving sixty (60) days’ prior written notice to the Sponsor; provided, however, that said resignation of the Trustee shall not be effective until such time as a successor Trustee has accepted such appointmentappointment as Trustee of the Trust. The Trustee may be removed at any time by the Sponsor at any time, upon sixty (60) days’ prior written notice to the Trustee; provided, however, such removal shall not be effective until such time as a successor Trustee has accepted such appointment.