Resignation of Representative. A Representative may resign at any time by giving notice to the Company and all of the Holders of the Notes at least thirty (30) days before such resignation is to become eRective. Upon the resignation of a Representative, a replacement shall be selected by the affirmative vote of Holders holding a majority of the Notes, measured by outstanding principal amount. If such Holders have not selected a replacement Representative within sixty (60) days following the eRective date of the resignation, then Portal may, at any time, by giving notice to the Company and all of the Holders, designate a replacement Representative who shall not be related to or affiliated with Portal or the Company.
Resignation of Representative. In the event the Representative becomes unavailable or unwilling to continue as the representative of the Sellers, the Representative may resign and be discharged from the duties or obligations hereunder by giving a written and dated resignation sent concurrently to each of the Sellers and the Purchaser, specifying not less than thirty (30) days prior notice (the “Notice Period”) of the date when such resignation will take effect. In the event of such a resignation, the Sellers shall appoint a new representative, under substantially the same terms hereof, within the Notice Period.
Resignation of Representative. Pan Asia shall cause its Representative to resign immediately upon the termination of this Agreement.
