Resignation and Removal of Administrator Sample Clauses

Resignation and Removal of Administrator. (a) The obligations of the Administrator pursuant to this Article IX shall continue until the termination of the Trust, upon which event such obligations will terminate.
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Resignation and Removal of Administrator. (a) The obligations of the Administrator pursuant to this Article shall continue until the dissolution of the Trust, upon which event such obligations will terminate.
Resignation and Removal of Administrator. (a) This Agreement shall continue in force for one year and one day after the retirement of all Notes issued pursuant to the Note Indenture.
Resignation and Removal of Administrator. ..9 Section 1.10. Action Upon Termination, Resignation or Removal................10 Section 1.11. Notices........................................................10 Section 1.12. Amendments.....................................................10 Section 1.13. Successors and Assigns.........................................11 Section 1.14. Governing Law..................................................11 Section 1.15. Headings.......................................................12 Section 1.16. Counterparts...................................................12 Section 1.17. Severability...................................................12 Section 1.18. Limitation of Liability of Owner Trustee and Indenture Trustee.12 Section 1.19.
Resignation and Removal of Administrator. ..13 SECTION 5.2. Action upon Termination, Resignation or Removal................15 SECTION 5.3. Acquisition Owner Trust Estate.................................15 ARTICLE VI MISCELLANEOUS
Resignation and Removal of Administrator. ..6 SECTION 9. ACTION UPON TERMINATION, RESIGNATION OR REMOVAL.................7 SECTION 10. NOTICES.........................................................7 SECTION 11. AMENDMENTS......................................................8 SECTION 12.
Resignation and Removal of Administrator 
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Related to Resignation and Removal of Administrator

  • Resignation and Removal The Trustee may at any time resign and be discharged from the trust hereby created by giving written notice of resignation to the Master Servicer, such resignation to be effective upon the appointment of a successor trustee. Upon receiving such notice of resignation, the Master Servicer shall promptly appoint a successor trustee by written instrument, in duplicate, one copy of which instrument shall be delivered to the resigning entity and one copy to its successor. If no successor trustee shall have been appointed and have accepted appointment within 30 days after the giving of such notice of resignation, the resigning Trustee may petition any court of competent jurisdiction for the appointment of a successor trustee. If at any time the Trustee shall cease to be eligible in accordance with the provisions of Section 8.07 and shall fail to resign after written request for its resignation by the Master Servicer, or if at any time the Trustee shall become incapable of acting, or an order for relief shall have been entered in any bankruptcy or insolvency proceeding with respect to such entity, or a receiver of such entity or of its property shall be appointed, or any public officer shall take charge or control of the Trustee or of the property or affairs of the Trustee for the purpose of rehabilitation, conversion or liquidation, or the Master Servicer shall deem it necessary in order to change the situs of the Trust Estate for state tax reasons, then the Master Servicer shall remove the Trustee and appoint a successor trustee by written instrument, in duplicate, one copy of which instrument shall be delivered to the Trustee so removed and one copy to the successor trustee. The Holders of Certificates evidencing in the aggregate not less than 51% of the Voting Interests represented by all Certificates (except that any Certificate registered in the name of the Seller, the Master Servicer or any affiliate thereof will not be taken into account in determining whether the requisite Voting Interests has been obtained) may at any time remove the Trustee and appoint a successor by written instrument or instruments, in triplicate, signed by such holders or their attorneys-in-fact duly authorized, one complete set of which instruments shall be delivered to the Master Servicer, one complete set of which shall be delivered to the entity or entities so removed and one complete set of which shall be delivered to the successor so appointed. Any resignation or removal of the Trustee and appointment of a successor pursuant to any of the provisions of this Section shall become effective upon acceptance of appointment by the successor as provided in Section 8.09.

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