Resignation by the Escrow Agent Sample Clauses

Resignation by the Escrow Agent. The Escrow Agent and any successor Xxxxxx Agent may at any time resign by giving not less than thirty (30) days’ written notice to the Authority, the Purchaser and the Institution. Such resignation shall take effect only upon the appointment of a successor Xxxxxx Agent by the Authority. In case at any time the Escrow Agent shall resign and no appointment of a successor Xxxxxx Agent shall be made prior to the date specified in the notice of resignation as the date when such resignation shall take effect, the resigning Escrow Agent may forthwith apply to a court of competent jurisdiction for the appointment of a successor Xxxxxx Agent. The Escrow Agent shall be compensated by the Authority for all costs of seeking and appointing a successor should the Authority fail to so appoint a successor Escrow Agent within the thirty (30) day time period to do so.
Sample 1
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Resignation by the Escrow Agent. The Escrow Agent may at any time resign from the trusts hereby created by giving at least 30 days written notice to Quepasa and the Shareholder Representative, and such resignation shall take effect on the later of the date specified in such notice or upon the appointment of a successor Escrow Agent pursuant to the
Sample 1
Resignation by the Escrow Agent. 35 SECTION 3.21 REMOVAL OF THE ESCROW AGENT....................................................................35 SECTION 3.22 APPOINTMENT OF SUCCESSOR ESCROW AGENT BY THE BORROWER..........................................36 SECTION 3.23 CONCERNING ANY SUCCESSOR ESCROW AGENT..........................................................36 SECTION 3.24 ESCROW AGENT PROTECTED IN RELYING UPON RESOLUTIONS, ETC........................................36 SECTION 3.25 SUCCESSOR ESCROW AGENT AS ESCROW AGENT OF THE ESCROW FUND......................................36 SECTION 3.26 ESCROW AGENT AND AUTHORITY REQUIRED TO ACCEPT DIRECTIONS AND ACTIONS OF BORROWER....................................................................................37 SECTION 3.27
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Resignation by the Escrow Agent. The Escrow Agent and any successor Escrow Agent may at any time resign by giving not less than thirty (30) days' written notice to the Authority, the Purchaser and the Borrower. Such resignation shall take effect only upon the appointment of a successor Escrow Agent by the Borrower. Such notice to the Authority, the Purchaser and the Borrower may be served personally or sent by facsimile (with a hard copy to follow by overnight delivery). In case at any time the Escrow Agent shall resign and no appointment of a successor Escrow Agent shall be made prior to the date specified in the notice of resignation as the date when such resignation shall take effect, the resigning Escrow Agent may forthwith apply to a court of competent jurisdiction for the appointment of a successor Escrow Agent. The Escrow Agent shall be compensated for all costs of seeking and appointing a successor should the Borrower fail to so appoint a successor Escrow Agent within the thirty (30) day time period to do so.
Sample 1
Resignation by the Escrow Agent. The Escrow Agent may at any time resign from its appointment as escrow agent of the Escrow Shares hereby created by giving at least 30 days written notice to August and ASTIHL, and such resignation shall take effect on the later of the date specified in such notice or upon the appointment of a successor escrow agent pursuant to the provisions of Section 4.5 of this Agreement and acceptance by the successor Escrow Agent of such appointment. Should the Escrow Agent resign, the Escrow Agent shall return to August and ASTIHL a pro-rata portion of any fees previously paid to the Escrow Agent for any periods following the effective date of the resignation.
Sample 1

Related to Resignation by the Escrow Agent

  • Resignation by the Executive Executive may voluntarily resign from his employment with the Company, provided that Executive shall provide the Company with thirty (30) days advance written notice (which notice requirement may be waived, in whole or in part, by the Company in its sole discretion) of his intent to resign. If Executive so terminates his employment with the Company, other than in accordance with Section 4.5, the Company shall have no obligation other than the payment of the Accrued Obligations to the effective date of such termination.

  • Resignation by the Agent (a) The Agent may resign from the performance of all its functions and duties under the Agreement and the other Transaction Documents at any time by giving 30 days' prior written notice (as provided in the Agreement) to the Debtors and the Secured Parties. Such resignation shall take effect upon the appointment of a successor Agent pursuant to clauses (b) and (c) below.

  • Resignation by the Agents Subject to the appointment and acceptance of a successor Agent as provided below, any Agent may resign at any time by notifying the Lenders and the U.S. Borrower. Upon any such resignation, the Required Lenders shall have the right to appoint a successor with the consent of the U.S. Borrower (not to be unreasonably withheld or delayed). If no successor shall have been so appointed by the Required Lenders and approved by the U.S. Borrower and shall have accepted such appointment within 45 days after the retiring Agent gives notice of its resignation, then the retiring Agent may, on behalf of the Lenders and the Ancillary Lenders with the consent of the U.S. Borrower (not to be unreasonably withheld or delayed), appoint a successor Agent which shall be a bank with an office in New York, New York and an office in London, England (or a bank having an Affiliate with such an office) having a combined capital and surplus having a Dollar Equivalent that is not less than $500,000,000 or an Affiliate of any such bank. Upon the acceptance of any appointment as Agent hereunder by a successor bank, such successor shall succeed to and become vested with all the rights, powers, privileges and duties of the retiring Agent and the retiring Agent shall be discharged from its duties and obligations hereunder. After the Agent’s resignation hereunder, the provisions of this Article and Section 9.05 shall continue in effect for its benefit in respect of any actions taken or omitted to be taken by it while it was acting as Agent.

  • Termination by Resignation Subject to Section 3.2, below, Executive’s employment and the Company’s obligations under this Agreement shall terminate automatically, effective immediately upon Executive’s provision of written notice to the Company of Executive’s resignation from employment with the Company or at such other time as may be mutually agreed between the Parties following the provision of such notice.

  • Termination by the Bank The Bank may terminate the employment of the Executive as follows:

  • Termination by the Purchaser This Agreement may be terminated by the Purchaser at any time prior to the Effective Time if:

  • Termination by the Employer The Employer may terminate the Employment Period (i) immediately upon the delivery of a Notice of Termination (as defined in Section 4.01(d) of this Agreement) by the Employer to the Executive setting forth the facts that indicate that a determination has been made that the Executive has a Disability in accordance with Section 4.02 of this Agreement; (ii) immediately upon delivery of a Notice of Termination by the Employer to the Executive setting forth the facts that indicate that an event constituting Cause (as defined in Section 4.03 of this Agreement) has occurred, or on such later date as may be set forth in such Notice of Termination; or (iii) at any time without Cause effective as of the 30th day following the delivery of a Notice of Termination by the Employer to the Executive, or on such later date as may be set forth in such Notice of Termination.

  • Termination by the Employee The Employee may terminate his employment under this Agreement at any time upon not less than thirty days prior written notice to the Company. The Company may, however, elect to accelerate the date of termination. In the event of such a termination, the Company shall be required to pay to the Employee:

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