Common use of AMENDMENT, RESIGNATION AND/OR TERMINATION Clause in Contracts

AMENDMENT, RESIGNATION AND/OR TERMINATION. This Agreement may be altered or amended only with the consent of each of Alya, the Joint Venturers and Security Agent. The Security Agent may resign as Security Agent at any time upon 30 days' prior written notice to the Joint Venturers and Alya. The Joint Venturers and Alya may remove the Security Agent as security agent at any time upon 30 days' prior written notice to the Security Agent. In the event of resignation or termination of the Security Agent, Alya and the Joint Venturers shall attempt to mutually agree upon the selection of a new security agent. In the event that they are unable to agree, the new security agent shall be another firm of barristers and solicitors authorized to practice law in Canada or an independent, qualified trust or escrow company or organization, located in the Province of Alberta, selected by the Joint Venturers. From the date the Security Agent receives notice of termination or gives notice of resignation and until a successor Security Agent shall have been appointed and shall have accepted such appointment, the Security Agent's only duty shall be to hold any deposited software then in the Security Agent's possession in accordance with the provisions of this Agreement (but without regard to any notices, requests, instructions or demands received by the Security Agent from any party hereto after the Security Agent's notice of resignation shall have been given or notice of termination shall be received). Upon the appointment of, and acceptance by, a successor Security Agent, the former Security Agent shall deliver to the successor Security Agent any Software and other documents or instruments relating thereto then in its possession.

AMENDMENT, RESIGNATION AND/OR TERMINATION. This Agreement may be altered or amended only with the consent of each of Alya, the Joint Venturers Xxxxxxxx and Security Agent. The Security Agent may resign as Security Agent at any time upon 30 days' prior written notice to the Joint Venturers Xxxxxxxx and Alya. The Joint Venturers Xxxxxxxx and Alya may remove the Security Agent as security agent at any time upon 30 days' prior written notice to the Security Agent. In the event of resignation or termination removal of the Security Agent, Alya and the Joint Venturers Xxxxxxxx shall attempt to mutually agree upon the selection of a new security agent. In the event that they are unable to agree, the new security agent shall be another firm of barristers and solicitors authorized to practice law in Canada or an independent, qualified trust or escrow company or organization, located in the Province of Alberta, organization selected by the Joint VenturersXxxxxxxx. From the date the Security Agent receives notice of termination or gives notice of resignation and until a successor Security Agent shall have been appointed and shall have accepted such appointment, the Security Agent's only duty shall be to hold any deposited software Software then in the Security Agent's possession in accordance with the provisions of this Agreement (but without regard to any notices, requests, instructions or demands received by the Security Agent from any party hereto after the Security Agent's notice of resignation shall have been given or notice of termination shall be received). Upon the appointment of, and acceptance by, a successor Security Agentsecurity agent, the former Security Agent shall deliver to the successor Security Agent security agent any Software and other documents or instruments relating thereto then in its possession.

AMENDMENT, RESIGNATION AND/OR TERMINATION. This Agreement may be altered or amended only with the consent of each of Alya, the Joint Venturers [PURCHASER 2] and Security Agent. The Security Agent may resign as Security Agent at any time upon 30 days' prior written notice to the Joint Venturers and [PURCHASER 2]and Alya. The Joint Venturers [PURCHASER 2] and Alya may remove the Security Agent as security agent at any time upon 30 days' prior written notice to the Security Agent. In the event of resignation or termination removal of the Security Agent, Alya and the Joint Venturers [PURCHASER 2] shall attempt to mutually agree upon the selection of a new security agent. In the event that they are unable to agree, the new security agent shall be another firm of barristers and solicitors authorized to practice law in Canada or an independent, qualified trust or escrow company or organization, located in the Province of Alberta, organization selected by the Joint Venturers[PURCHASER 2]. From the date the Security Agent receives notice of termination or gives notice of resignation and until a successor Security Agent shall have been appointed and shall have accepted such appointment, the Security Agent's only duty shall be to hold any deposited software Software then in the Security Agent's possession in accordance with the provisions of this Agreement (but without regard to any notices, requests, instructions or demands received by the Security Agent from any party hereto after the Security Agent's notice of resignation shall have been given or notice of termination shall be received). Upon the appointment of, and acceptance by, a successor Security Agentsecurity agent, the former Security Agent shall deliver to the successor Security Agent security agent any Software and other documents or instruments relating thereto then in its possession.

AMENDMENT, RESIGNATION AND/OR TERMINATION. This Agreement may be altered or amended only with the consent of each of Alya, the Joint Venturers [PURCHASER] and Security Agent. The Security Agent may resign as Security Agent at any time upon 30 days' prior written notice to the Joint Venturers [PURCHASER] and Alya. The Joint Venturers [PURCHASER] and Alya may remove the Security Agent as security agent at any time upon 30 days' prior written notice to the Security Agent. In the event of resignation or termination removal of the Security Agent, Alya and the Joint Venturers [PURCHASER] shall attempt to mutually agree upon the selection of a new security agent. In the event that they are unable to agree, the new security agent shall be another firm of barristers and solicitors authorized to practice law in Canada or an independent, qualified trust or escrow company or organization, located in the Province of Alberta, organization selected by the Joint Venturers[PURCHASER]. From the date the Security Agent receives notice of termination or gives notice of resignation and until a successor Security Agent shall have been appointed and shall have accepted such appointment, the Security Agent's only duty shall be to hold any deposited software Software then in the Security Agent's possession in accordance with the provisions of this Agreement (but without regard to any notices, requests, instructions or demands received by the Security Agent from any party hereto after the Security Agent's notice of resignation shall have been given or notice of termination shall be received). Upon the appointment of, and acceptance by, a successor Security Agentsecurity agent, the former Security Agent shall deliver to the successor Security Agent security agent any Software and other documents or instruments relating thereto then in its possession.