Common use of Resignation of the Collateral Trustee Clause in Contracts

Resignation of the Collateral Trustee. (a) The Collateral Trustee may at any time, by giving 30 days' prior written notice to AWNA and the Secured Parties, resign (and shall, immediately upon its resignation or removal from its capacity as the Agent, resign) and be discharged of the responsibilities hereby created, such resignation to become effective upon the earlier of (i) 30 days from the date of such notice and (ii) the appointment of a successor collateral trustee or collateral trustees by the Required Lenders. If no successor collateral trustee or collateral trustees shall be appointed and approved within 30 days from the date of the giving of the aforesaid notice of resignation, the Collateral Trustee (notwithstanding the termination of all of its other duties and obligations hereunder by reason of such resignation) shall, or any Secured Party or AWNA may, apply to any court of competent jurisdiction to appoint a successor collateral trustee or collateral trustees (which may be an individual or individuals) to act until such time, if any, as a successor collateral trustee or collateral trustees shall have been appointed as above provided. Any successor collateral trustee or collateral trustees so appointed by such court shall immediately and without further act be superseded by any successor collateral trustee or collateral trustees approved by the Required Lenders as above provided.

Resignation of the Collateral Trustee. (a) The Collateral Trustee may at any time, by giving 30 days' prior written notice to AWNA Aegis and the Secured PartiesAdministrative Agents, resign (and shall, immediately upon its resignation or removal from its capacity as the Agent, resign) and be discharged of the responsibilities hereby created, such resignation to become effective upon the earlier of (i) 30 60 days from the date of such notice and (ii) the appointment of a successor collateral trustee Collateral Trustee or collateral trustees Collateral Trustees by the Required LendersAdministrative Agents. If no successor collateral trustee Collateral Trustee or collateral trustees Collateral Trustees shall be appointed and approved within 30 60 days from the date of the giving of the aforesaid notice of resignation, the Collateral Trustee (notwithstanding the termination of all of its other duties and obligations hereunder by reason of such resignation) shall, or any Secured Party or AWNA Aegis may, apply to any court of competent jurisdiction to appoint a successor collateral trustee Collateral Trustee or collateral trustees Collateral Trustees (which may be an individual or individuals) to act until such time, if any, as a successor collateral trustee Collateral Trustee or collateral trustees Collateral Trustees shall have been appointed as above provided. Any successor collateral trustee Collateral Trustee or collateral trustees Collateral Trustees so appointed by such court shall immediately and without further act be superseded by any successor collateral trustee Collateral Trustee or collateral trustees Collateral Trustees approved by the Required Lenders Administrative Agents as above provided.

Resignation of the Collateral Trustee. (a) The Collateral Trustee may at any time, by giving 30 days' prior written notice to AWNA and the Secured Parties, resign (and shall, immediately upon its resignation or removal from its capacity as the Agent, resign) and be discharged of the responsibilities hereby created, such resignation to become effective upon the earlier of (i) 30 days from the date of such notice and (ii) the appointment of a successor collateral trustee or collateral trustees by the Required Senior Lenders. If no successor collateral trustee or collateral trustees shall be appointed and approved within 30 days from the date of the giving of the aforesaid notice of resignation, the Collateral Trustee (notwithstanding the termination of all of its other duties and obligations hereunder by reason of such resignation) shall, or any Secured Party or AWNA may, apply to any court of competent jurisdiction to appoint a successor collateral trustee or collateral trustees (which may be an individual or individuals) to act until such time, if any, as a successor collateral trustee or collateral trustees shall have been appointed as above provided. Any successor collateral trustee or collateral trustees so appointed by such court shall immediately and without further act be superseded by any successor collateral trustee or collateral trustees approved by the Required Senior Lenders as above provided.

Resignation of the Collateral Trustee. (a) The Collateral Trustee may at any time, by giving 30 days' prior written notice to AWNA Warnaco and the Secured PartiesIndenture Trustee, resign (and shall, immediately upon its resignation or removal from its capacity as the Agent, resign) and be discharged of the responsibilities hereby created, such resignation to become effective upon the earlier of (i) 30 60 days from the date of such notice and (ii) the appointment of a successor collateral trustee or collateral trustees by the Required LendersHolders (or any agent or representative at their request). If no successor collateral trustee or collateral trustees shall be appointed and approved within 30 60 days from the date of the giving of the aforesaid notice of resignation, the Collateral Trustee (notwithstanding the termination of all of its other duties and obligations hereunder by reason of such resignation) shall, or any Secured Party or AWNA Warnaco may, apply to any court of competent jurisdiction to appoint a successor collateral trustee or collateral trustees (which may be an individual or individuals) to act until such time, if any, as a successor collateral trustee or collateral trustees shall have been appointed as above provided. Any successor collateral trustee or collateral trustees so appointed by such court shall immediately and without further act be superseded by any successor collateral trustee or collateral trustees approved by the Required Lenders Holders (or any agent or representative at their request) as above provided.