Common use of Resignation by Trustee Clause in Contracts

Resignation by Trustee. ‌ The Trustee may resign at any time from the trusts created hereby by giving written notice of the resignation to the City, the Bond Insurer, and the Corporation and by mailing written notice of the resignation to the Holders as their names and addresses appear on the Register at the close of business 15 days prior to the mailing. The resignation shall take effect upon the appointment of a successor Trustee and its acceptance of its duties as set forth in Section 6.8 hereof.

Appears in 1 contract

Samples: Trust Agreement

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Resignation by Trustee. The Trustee may resign at any time from the trusts created hereby by giving written notice of the resignation to the City, the Bond Insurer, and the Corporation City and by mailing written notice of the resignation to the Holders as their names and addresses appear on the Register register at the close of business 15 days prior to the mailing. The resignation shall take effect upon the appointment of a successor Trustee and its acceptance of its duties as set forth in Section 6.8 hereofTrustee.

Appears in 1 contract

Samples: Trust Agreement

Resignation by Trustee. The Trustee may resign at any time from the trusts created hereby by giving written notice of the resignation to the City, the Bond Insurer, and the Corporation and by mailing written notice of the resignation to the Holders as their names and addresses appear on the Register at the close of business 15 days prior to the mailing. The resignation shall take effect upon the appointment of a successor Trustee and its acceptance of its duties as set forth in Section 6.8 hereof.

Appears in 1 contract

Samples: Trust Agreement

Resignation by Trustee. ‌ The Trustee may resign as trustee of any or all trusts formed under this Agreement at any time from the trusts created hereby by giving written notice notice, specifying the effective date of resignation, to me or, after my death, to the beneficiaries, at the time of giving notice, of the resignation trust. If no successor is named, a remaining cotrustee may continue to the City, the Bond Insurer, and the Corporation and by mailing written notice of the resignation to the Holders serve as their names and addresses appear on the Register at the close of business 15 days prior to the mailing. The resignation shall take effect upon the appointment of a successor Trustee and its acceptance of its duties as set forth in Section 6.8 hereofsole trustee.

Appears in 1 contract

Samples: www.icle.org

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Resignation by Trustee. The Trustee may resign at any ---------------------- time from the trusts created hereby by giving written notice of the resignation to the CityIssuer, the Bond InsurerBorrower, the Bank and the Corporation Remarketing Agent and by mailing written notice of the resignation to the Holders as their names and addresses appear on the Register at the close of business 15 days one Business Day prior to the mailing. The resignation shall take effect only upon the appointment of a successor Trustee Xxxxxxx and its acceptance transfer of its duties as set forth in Section 6.8 hereofthe Letter of Credit to such successor.

Appears in 1 contract

Samples: Funds And (Innovative Solutions & Support Inc)

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