Common use of TERMINATION BY THE DATA PROTECTION TRUSTEE Clause in Contracts

TERMINATION BY THE DATA PROTECTION TRUSTEE. 6.1 The Data Protection Trustee may terminate its appointment as Data Protection Trustee for good cause (aus wichtigem Xxxxx) at any time, provided that, at the same time or prior thereto, the Data Protection Trustee appoints a Qualified Replacement Data Protection Trustee, on behalf of the Issuer, to assume the Data Protection Trustee’s rights and obligations under this Agreement. As soon as the Data Protection Trustee provides the Seller with notice of its intention to resign as data protection trustee, the Seller shall exercise its best efforts to name a qualified candidate to become a successor pursuant to the first sentence of this clause 6.1.

Appears in 9 contracts

Samples: Data Protection Trust Agreement, Data Protection Trust Agreement, Confidential Execution

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TERMINATION BY THE DATA PROTECTION TRUSTEE. 6.1 The Data Protection Trustee may terminate its appointment as Data Protection Trustee for good cause (aus wichtigem Xxxxx) at any time, provided that, at the same time or prior thereto, the Data Protection Trustee appoints a Qualified Replacement Data Protection Trustee, on behalf of reputable accounting firm in Europe or any other entity to which the IssuerIssuer consents to, to assume the Data Protection Trustee’s rights and obligations under this Agreement. As soon as the Data Protection Trustee provides the Seller it with notice of its intention to resign as data protection trusteeits office, the Seller VWFS shall exercise its best efforts to name a qualified candidate to become a successor pursuant to the first sentence of this clause 6.1.

Appears in 1 contract

Samples: Data Protection Trust Agreement

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TERMINATION BY THE DATA PROTECTION TRUSTEE. 6.1 The Data Protection Trustee may terminate its appointment as Data Protection Trustee for good cause (aus wichtigem Xxxxx) at any time, provided that, at the same time or prior thereto, the Data Protection Trustee appoints a Qualified Replacement Data Protection Trustee, on behalf of the Issuer, to assume the Data Protection Trustee’s 's rights and obligations under this Agreement. As soon as the Data Protection Trustee provides the Seller with notice of its intention to resign as data protection trustee, the Seller shall exercise its best efforts to name a qualified candidate to become a successor pursuant to the first sentence of this clause Clause 6.1.

Appears in 1 contract

Samples: Data Protection Trust Agreement

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