Resignation of Litigation Trustee. The Litigation Trustee may resign at any time on written notice to the U.S.
Resignation of Litigation Trustee. The Litigation Trustee may resign at any time by giving the Beneficiaries and Litigation Trust Board at least ninety (90) days written notice of his or her intention to do so. In the event of a resignation, the resigning Litigation Trustee shall render to the Beneficiaries a full and complete accounting of monies and Litigation Trust Assets received, disbursed, and held during the term of office of that Litigation Trustee. The resignation shall be effective on the later to occur of: (i) the date specified in the notice; or (ii) the appointment of a successor by the Litigation Trust Board and the acceptance by such successor of such appointment; provided, that if a successor Litigation Trustee is not appointed or does not accept his or her appointment within ninety (90) days following delivery of notice of resignation, the resigning Litigation Trustee may petition the Bankruptcy Court for the appointment of a successor Litigation Trustee.
Resignation of Litigation Trustee. The Litigation Trustee may resign by an instrument in writing (i) signed by the Litigation Trustee, (ii) delivered to the Oversight Committee and the Reorganized Debtors, and (iii) filed with the Bankruptcy Court, in each case at least 60 days prior to the effective date of such resignation; provided, that the Litigation Trustee shall continue to serve as such during such 60-day notice period.
