Common use of Term; Resignation Clause in Contracts

Term; Resignation. (a) The Trustee shall be appointed by the Sponsor and shall serve for the duration of the Trust or until the earlier of (i) the effective date of the Trustee’s resignation, or (ii) the effective date of the removal of the Trustee by the Sponsor.

Appears in 5 contracts

Samples: Agreement and Declaration of Trust (Franklin Ethereum Trust), Agreement and Declaration of Trust (Franklin Templeton Digital Holdings Trust), Agreement and Declaration of Trust (Franklin Templeton Digital Holdings Trust)

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Term; Resignation. (a) The Trustee shall be appointed by the Sponsor and shall serve for the duration of the Trust or and until the earlier of (i) the effective date of the Trustee’s resignation, or (ii) the effective date of the removal of the Trustee by the SponsorTrustee.

Appears in 1 contract

Samples: Agreement and Declaration of Trust (Global Currency Gold Trust)

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