Resignation of Delaware Trustee and Trustee. The Delaware Trustee or the Trustee may resign with or without cause, at any time by written notice to XxxxXxxxx or the other Trustee. Upon receiving the notice of resignation from the Delaware Trustee or the Trustee, as applicable, XxxxXxxxx shall provide notice to each of the then Trust Unitholders of record in accordance with Section 12.08 of this Agreement. Such notice shall specify a date when such resignation shall take effect, which shall be a Business Day not less than 60 days after the date such notice is mailed; provided, however, that in no event shall any resignation of the Trustee be effective until a successor Trustee (including a temporary trustee appointed pursuant to Section 6.05 of this Agreement) has accepted its appointment as Trustee pursuant to the terms hereof; and provided, further, that in no event shall any resignation of the Delaware Trustee be effective until a successor Delaware Trustee has accepted its appointment as Delaware Trustee pursuant to the terms hereof.
Appears in 7 contracts
Samples: Trust Agreement (SandRidge Mississippian Trust II), Trust Agreement (SandRidge Mississippian Trust II), Trust Agreement (SandRidge Mississippian Trust II)
Resignation of Delaware Trustee and Trustee. The Any Entity serving as the Delaware Trustee or the Trustee may resign resign, as such, with or without cause, at any time by written notice to XxxxXxxxx or the Trustors, to any other Trustee. Upon receiving the notice of resignation from Entity serving as the Delaware Trustee or the Trustee, as applicable, XxxxXxxxx shall provide notice and to each of the then Trust Unitholders of record in accordance with Section 12.08 of this Agreement12.08. Such notice shall specify a date when such resignation shall take effect, which shall be a Business Day not less than 60 days after the date such notice is mailed; provided, however, that in no event shall any resignation of the Trustee be effective until a successor Trustee (including a temporary trustee appointed pursuant to Section 6.05 of this Agreement) has accepted its appointment as Trustee pursuant to the terms hereof; and provided, further, provided further that in no event shall any resignation of the Delaware Trustee be effective until a successor Delaware Trustee has accepted its appointment as Delaware Trustee pursuant to the terms hereof.
Appears in 3 contracts
Samples: Trust Agreement (Whiting Usa Trust I), Trust Agreement (Whiting Petroleum Corp), Trust Agreement (Whiting Petroleum Corp)
Resignation of Delaware Trustee and Trustee. The Any Entity serving as the Delaware Trustee or the Trustee may resign resign, as such, with or without cause, at any time by written notice to XxxxXxxxx or the MV Partners, to any other Trustee. Upon receiving the notice of resignation from Entity serving as the Delaware Trustee or the Trustee, as applicable, XxxxXxxxx shall provide notice and to each of the then Trust Unitholders of record in accordance with Section 12.08 of this Agreement. Such notice shall specify a date when such resignation shall take effect, which shall be a Business Day not less than 60 days after the date such notice is mailed; provided, however, that in no event shall any resignation of the Trustee be effective until a successor Trustee (including a temporary trustee appointed pursuant to Section 6.05 of this Agreement) has accepted its appointment as Trustee pursuant to the terms hereof; and provided, further, provided further that in no event shall any resignation of the Delaware Trustee be effective until a successor Delaware Trustee has accepted its appointment as Delaware Trustee pursuant to the terms hereof.
Appears in 2 contracts
Samples: Trust Agreement (MV Oil Trust), Trust Agreement (MV Oil Trust)
Resignation of Delaware Trustee and Trustee. The Any Entity serving as the Delaware Trustee or the Trustee may resign resign, as such, with or without cause, at any time by written notice to XxxxXxxxx or the Eastern States, to any other Trustee. Upon receiving the notice of resignation from Entity serving as the Delaware Trustee or the Trustee, as applicable, XxxxXxxxx shall provide notice and to each of the then Trust Unitholders of record in accordance with Section 12.08 11.08 of this Agreement. Such notice shall specify a date when such resignation shall take effect, which shall be a Business Day not less than 60 days after the date such notice is mailed; provided, however, that in no event shall any resignation of the Trustee be effective until a successor Trustee (including a temporary trustee appointed pursuant to Section 6.05 of this Agreement) has accepted its appointment as Trustee pursuant to the terms hereof; and provided, further, that in no event shall any resignation of the Delaware Trustee be effective until a successor Delaware Trustee has accepted its appointment as Delaware Trustee pursuant to the terms hereof.
Appears in 1 contract
Resignation of Delaware Trustee and Trustee. The Any Entity serving as the Delaware Trustee or the Trustee may resign resign, as such, with or without cause, at any time by written notice to XxxxXxxxx or the ECA, to any other Trustee. Upon receiving the notice of resignation from Entity serving as the Delaware Trustee or the Trustee, as applicable, XxxxXxxxx shall provide notice and to each of the then Trust Unitholders of record in accordance with Section 12.08 of this Agreement. Such notice shall specify a date when such resignation shall take effect, which shall be a Business Day not less than 60 days after the date such notice is mailed; provided, however, that in no event shall any resignation of the Trustee be effective until a successor Trustee (including a temporary trustee appointed pursuant to Section 6.05 of this Agreement) has accepted its appointment as Trustee pursuant to the terms hereof; and provided, further, provided further that in no event shall any resignation of the Delaware Trustee be effective until a successor Delaware Trustee has accepted its appointment as Delaware Trustee pursuant to the terms hereof.
Appears in 1 contract