Common use of Resignation by the Pledgee Clause in Contracts

Resignation by the Pledgee. (a) The Pledgee may resign from the performance of all its function and duties under the Pledge Agreement at any time by giving 20 Business Days' prior written notice (as provided in the Pledge Agreement) to the Pledgor and the Secured Creditors. Such resignation shall take effect upon the appointment of a successor Pledgee pursuant to clause (b) below.

Resignation by the Pledgee. (a) The Pledgee may resign from the performance of all of its function functions and duties hereunder and under the Pledge Agreement at any time by giving 20 Business Days' 30 days’ prior written notice (as provided in the Pledge Agreement) to the Pledgor Borrower, the Banks and the Representatives for the other Secured Creditors or, if there is no such Representative, directly to such Secured Creditors. Such resignation shall take effect upon the appointment of a successor Pledgee pursuant to clause (b) or (c) below.

Resignation by the Pledgee. (a) The Pledgee may resign from the performance of all its function functions and duties under the Pledge Agreement at any time by giving 20 Business Days' Days prior written notice (as provided in the Pledge Agreement) to the Pledgor and the Secured Creditors. Such resignation shall take effect upon the appointment of a successor Pledgee pursuant to clause clauses (b), (c) and (d) below.

Resignation by the Pledgee. (a) The Pledgee may resign from the performance of all of its function functions and duties hereunder and under the Pledge Agreement at any time by giving 20 15 Business Days' prior or written notice (as provided in the Pledge Agreement) to the Pledgor Borrower, the Banks and Representatives for the other Secured Creditors or, if there is no such Representative, directly to such Secured Creditors. Such resignation shall take effect upon the appointment of a successor Pledgee pursuant to clause (b) or (c) below.