Common use of Resignation and Removal of Depositary Clause in Contracts

Resignation and Removal of Depositary. A Preferred Stock Depositary may resign at any time by delivering to us notice of its election to do so, and we may at any time remove any Preferred Stock Depositary. Any such resignation or removal will take effect upon the appointment of a successor Preferred Stock Depositary and that successor Preferred Stock Depositary’s acceptance of the appointment. The successor Preferred Stock Depositary must be appointed within 60 days after delivery of the notice of resignation or removal and must be a bank or trust company.

Resignation and Removal of Depositary. A Preferred Stock Depositary The preferred stock depositary may resign at any time by delivering to us notice of its election intent to do so, and we may at any time remove the preferred stock depositary, any Preferred Stock Depositary. Any such resignation or removal will to take effect upon the appointment of a successor Preferred Stock Depositary preferred stock depositary meeting the requirements specified in the deposit agreement and that successor Preferred Stock Depositary’s its acceptance of the such appointment. The successor Preferred Stock Depositary must be appointed within 60 days after delivery of the notice of resignation or removal and must be a bank or trust company.