Common use of Voluntary Retirement Clause in Contracts

Voluntary Retirement. The Manager may, subject to clause 16.5, resign on giving to the Trustee (with a copy to the Designated Rating Agency) and the Note Trustee not less than 120 days' notice in writing (or such other period as the Manager and the Trustee may agree) of its intention to do so.

Voluntary Retirement. The Manager Trustee may, subject to clause 16.520.5, resign on giving to the Trustee Manager (with a copy to the Designated Rating Agency) and the Note Trustee not less than 120 days3 months' notice in writing (or such other period as the Manager and the Trustee may agree) of its intention to do so.