Common use of Resignation of Trustee Clause in Contracts

Resignation of Trustee. The Trustee may resign, effective upon qualification of its successor, at any time, without stating cause by giving written notice to the Beneficiary, to the Grantor/Settlor, if living, and to any other Trustee then serving. Upon receipt of such notice, the person(s) then entitled to remove a Trustee may select and designate in writing a successor Trustee pursuant to Article VI to serve hereunder in a reasonable time.

Resignation of Trustee. (a) The Trustee may resign, effective upon qualification resign and appoint one of its successor, at any time, without stating cause Affiliates as successor by giving written notice to the Beneficiary, Borrower and to the Grantor/Settlor, if living, and to any other Trustee then serving. Upon receipt Agent on behalf of such notice, the person(s) then entitled to remove a Trustee may select and designate in writing a successor Trustee pursuant to Article VI to serve hereunder in a reasonable timeLenders.

Resignation of Trustee. The Trustee and any successor to the Trustee may resign, effective upon qualification of its successor, at any time, without stating cause resign and be discharged from the trust created by this Indenture by giving written notice to the Beneficiary, to the Grantor/Settlor, if living, and to any other Trustee then serving. Upon receipt of such noticeAuthority thirty (a) above, the person(s) then entitled to Authority may remove a such temporary successor Trustee may select and designate in writing appoint a successor Trustee thereto pursuant to Article VI to serve hereunder in a reasonable timeSection 7.10 hereof.

Resignation of Trustee. The Any Trustee may resign, effective upon qualification without the permission of its successorany court or judge and without first accounting for his actions as Trustee, at any time, without stating cause by giving written notice to the BeneficiaryDistrict, Association and to the Grantor/Settlorother Trustees then acting, if living, and but the foregoing shall not relieve any Trustee so resigning of the obligation ultimately to any other Trustee then serving. Upon receipt of account for his or her actions as such notice, the person(s) then entitled to remove a Trustee may select and designate in writing a successor Trustee pursuant to Article VI to serve hereunder in a reasonable timeTrustee.

Resignation of Trustee. 27.19.1 The Trustee may resign, effective upon qualification resign and appoint one of its successor, at any time, without stating cause Affiliates as successor by giving written notice to the Beneficiary, other Parties (or to the Grantor/Settlor, if living, and to any other Trustee then serving. Upon receipt Agent on behalf of such notice, the person(s) then entitled to remove a Trustee may select and designate in writing a successor Trustee pursuant to Article VI to serve hereunder in a reasonable timeLenders).

Resignation of Trustee. The Trustee may resign, effective for any reason to be determined by Trustee in his sole discretion, upon qualification of its successor, at any time, without stating cause by giving 30 days prior written notice to the Beneficiary, provided that the Trustee first appoints a replacement trustee under the Agreement reasonably satisfactory to the Grantor/Settlor, if living, and to any other Trustee then servingBeneficiary. Upon receipt of any such noticeresignation by the Trustee, the person(s) then entitled to remove Trustee shall reimburse the Beneficiary for the portion of the Trustee's fees that have been paid but not yet earned, calculated pro rata on a Trustee may select and designate in writing a successor Trustee pursuant to Article VI to serve hereunder in a reasonable timedaily basis.

Resignation of Trustee. The Trustee may resign, effective upon qualification of its successor, resign at any timetime by delivering its written resignation to Grantor, without stating cause by giving written notice with a copy to the Beneficiary, to the Grantor/Settlor, if living, and to any other Trustee then servingBeneficiaries' Representative. Upon receipt Such resignation shall take effect upon appointment of such notice, the person(s) then entitled to remove a Trustee may select and designate in writing a successor Trustee pursuant to Article VI to serve hereunder in a reasonable timeSection 5.3.