Resignation of Pooling Agent Sample Clauses

Resignation of Pooling Agent. The Pooling Agent may resign as Pooling Agent by giving not less than five (5) days’ notice thereof to the Issuer. The Subject Shareholders and the Issuer may terminate the Pooling Agent by giving not less than five (5) days’ notice to the Pooling Agent. The resignation or termination of the Pooling Agent will be effective and the Pooling Agent will cease to be bound by this Agreement on the date that is five (5) days after the date of receipt of the termination notice given hereunder or on such other date as the Pooling Agent, the Subject Shareholders and the Issuer may agree upon. All indemnities granted to the Pooling Agent herein will survive the termination of this Agreement or the termination or resignation of the Pooling Agent. In the event of termination or resignation of the Pooling Agent for any reason, the Pooling Agent shall, within that five (5) days’ notice period, deliver the Pooled Shares to the new Pooling Agent to be named by the Subject Shareholders and the Issuer or to the Issuer if the Issuer and the Subject Shareholders fail to appoint a new Pooling Agent with such five (5) day period. If any changes are made to Part 7 of this Agreement as a result of the appointment of the successor Pooling Agent, those changes must not be inconsistent with the terms of this Agreement.
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Resignation of Pooling Agent. (a) If the Pooling Agent wishes to resign as Pooling Agent, the Pooling Agent will give written notice to the Issuer.

Related to Resignation of Pooling Agent

  • Resignation and Termination An Authenticating Agent may resign by notifying the Indenture Trustee and the Owner Trustee. The Indenture Trustee may terminate the agency of an Authenticating Agent by notifying the Authenticating Agent and the Owner Trustee.

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