Common use of Effectiveness of Resignation or Removal Clause in Contracts

Effectiveness of Resignation or Removal. A resignation or removal of the Trustee and appointment of a successor Trustee shall become effective only upon the successor Trustee's acceptance of appointment as provided in this Section 8.08.

Appears in 3 contracts

Samples: Intercreditor Agreement (Global Crossing LTD), Intercreditor Agreement (Global Crossing North America Inc), Global Crossing North America Inc

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Effectiveness of Resignation or Removal. A resignation or removal of the Trustee and appointment of a successor Trustee shall become effective only upon the successor Trustee's ’s acceptance of appointment as provided in this Section 8.08.

Appears in 1 contract

Samples: Global Security Agreement (Global Crossing LTD)

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