OTHER AGREEMENTS; TERMINATION; SUCCESSOR TRUSTEES. The Bank shall simultaneously send to the Trustee copies of all notices given and statements rendered pursuant to the Pledge Account. So long as the Pledge Agreement remains in effect, neither the Pledgor nor the Bank shall terminate the Pledge Account without thirty (30) days' prior written notice to the other party and the Trustee. In the event of any conflict between the provisions of this Agreement and any other agreement governing the Pledge Account, the provisions hereof shall control. In the event the Trustee no longer serves as Trustee for the Collateral, the Pledge Account and Pledged Securities carried therein shall be transferred to a successor trustee satisfactory to the Trustee, provided that prior to such transfer, such successor trustee executes an agreement that is in all material respects the same as this Agreement or is otherwise in form and substance satisfactory to the Trustee.
Appears in 4 contracts
Samples: Collateral Pledge and Security Agreement (Long Distance International Inc), Notification and Control Agreement (Long Distance International Inc), Collateral Pledge and Security Agreement (Allegiance Telecom Inc)
