Common use of Agent Resignation Clause in Contracts

Agent Resignation. It is understood that Agent reserves the right to resign at any time by giving written notice of its resignation, specifying the effective date thereof, to the Depositors. Within thirty (30) days after receiving the aforesaid notice, the Depositors agree to appoint a successor escrow agent to which Agent may transfer the Assets then held in the Account, less its unpaid fees, costs and expenses. If a successor escrow agent has not been appointed and has not accepted such appointment by the end of such thirty- (30-) day period, Agent may apply to a court of competent jurisdiction for the appointment of a successor escrow agent, and the costs, expenses and reasonable attorneys' fees that Agent incurs in connection with such a proceeding shall be paid by the Depositors.

Agent Resignation. It is understood that Agent reserves the right to may resign at any time by giving written at least fortyrfive (45) days’ advancejvritten notice of its resignation, specifying the effective date thereof, resignation to the DepositorsDepositor and the Beneficiary. Within thirty forty-five (3045) days after receiving the aforesaid notice, the Depositors Depositor and the Beneficiary agree to appoint a successor escrow agent agent, to which Agent may shall transfer the Assets Account Funds then held in the Account, less its unpaid fees, costs and expenses. If a successor escrow agent has not been appointed and has not accepted such appointment by the end of such thirty- (30-) the 45-day period, Agent may apply to a court of competent jurisdiction for the appointment of a successor escrow agent, and the costs, expenses and reasonable attorneys' attorney's fees that which Agent incurs in connection with such a proceeding shall be paid by the DepositorsDepositor.

Agent Resignation. It is understood that Agent reserves the right to may resign at any time by giving at least forty-five (45) days’ advance written notice of its resignation, specifying the effective date thereof, resignation to the DepositorsDepositor and the Beneficiary. Within thirty forty-five (3045) days after receiving the aforesaid notice, the Depositors Depositor and the Beneficiary agree to appoint a successor escrow agent agent, to which Agent may shall transfer the Assets Account Funds then held in the Account, less its unpaid fees, costs and expenses. If a successor escrow agent has not been appointed and has not accepted such appointment by the end of such thirty- (30-) the 45-day period, Agent may apply to a court of competent jurisdiction for the appointment of a successor escrow agent, and the costs, expenses and reasonable attorneys' attorney's fees that which Agent incurs in connection with such a proceeding shall be paid by the DepositorsDepositor.

Agent Resignation. It is understood that Agent reserves the right to resign at any time by giving written notice of its resignation, specifying the effective date thereof, to the DepositorsSecured Party and the Posting Party. Within thirty (30) 30 days after receiving the aforesaid notice, the Depositors Secured Party and the Posting Party agree to appoint a successor escrow agent to which Agent may transfer the Assets then held in the Account, less its unpaid fees, costs and expenses. If a successor escrow agent has not been appointed and has not accepted such appointment by the end of such thirty- (30-) the 30-day period, Agent may apply to a court of competent jurisdiction for the appointment of a successor escrow agent, and the costs, expenses and reasonable attorneys' attorney’s fees that which Agent incurs in connection with such a proceeding shall be paid by the DepositorsPosting Party.

Agent Resignation. It is understood that Agent reserves the right to may resign at any time by giving written at least forty-five (45) days’ advance jvritten notice of its resignation, specifying the effective date thereof, resignation to the Depositors. Depositor and the Beneficiary, Within thirty forty-five (3045) days after receiving the aforesaid notice, the Depositors Depositor and the Beneficiary agree to appoint a successor escrow agent agent, to which Agent may shall transfer the Assets Account Funds then held in the Account, less its unpaid fees, costs and expenses. If a successor escrow agent has not been appointed and has not accepted such appointment by the end of such thirty- (30-) the 45-day period, Agent may apply to a court of competent jurisdiction for the appointment of a successor escrow agent, and the costs, expenses and reasonable attorneys' attorney's fees that which Agent incurs in connection with such a proceeding shall be paid by the DepositorsDepositor.