Common use of Resignation of Trustees Clause in Contracts

Resignation of Trustees. A Trustee may resign at any time, with or without cause, by giving written notice by certified mail to the Trustor and to each Unit Owner. Such resignation shall be effective as of the date specified in such Notice. The resigning Trustee shall account to its successor for the administration of the Trust Estate as may be required by the Successor Trustee. All successors to such resigning Trustee shall be fully protected in relying upon such accounting.

Resignation of Trustees. A Any Trustee may resign at any time, with without need for prior or without cause, subsequent accounting by giving written notice in writing signed by certified mail the Trustee and delivered to the Trustor Board, and to each Unit Owner. Such such resignation shall be effective as of the upon such delivery or at a later date specified in such Notice. The resigning Trustee shall account to its successor for the administration of the Trust Estate as may be required by the Successor Trustee. All successors to such resigning Trustee shall be fully protected in relying upon such accountingwritten notice.

Resignation of Trustees. A Any Trustee may resign at any time, with without need for prior or without cause, subsequent accounting by giving written notice in writing signed by certified mail the Trustee and delivered to the Trustor Board, and to each Unit Owner. Such such resignation shall be effective as of the upon such delivery or at a later date specified in the written notice Any vacancy created by such Noticeremoval shall be filled in accordance with subsection 4.3(a). The resigning Trustee shall account to its successor for the administration of the All Trust Estate as may be required Assets held by the Successor Trustee. All successors to such resigning Trustee in his/her capacity as Trustee shall be fully protected in relying upon such accountingimmediately returned to the Trust.

Resignation of Trustees. A Any Trustee may resign at any time, with or without cause, and be discharged of the trusts hereby created by giving written mailing notice by certified mail to the Trustor Issuer and to each Unit Ownerall holders of Notes specifying the time and date (not earlier than sixty (60) days after the date of such notice) when such resignation shall take effect. Such resignation shall be effective take effect upon the appointment, qualification and acceptance of a successor trustee as of the date specified in such Notice. The resigning Trustee shall account to its successor for the administration of the Trust Estate as may be required by the Successor Trustee. All successors to such resigning Trustee shall be fully protected in relying upon such accountingherein provided.

Resignation of Trustees. A Trustee Any of the Trustees may resign at any timetime resign, with or without causeand thereby be relieved of all future obligations to act hereunder, by giving written notice by certified mail mailing his or her resignation to the Trustor and to each Unit OwnerCertificate Holders at their respective addresses appearing on the Trustees’ records. Such resignation shall be deemed effective as of the date specified in such Notice. The resigning Trustee shall account to immediately upon its successor for the administration of the Trust Estate as may be required by the Successor Trustee. All successors to such resigning Trustee shall be fully protected in relying upon such accountingbeing mailed.

Resignation of Trustees. A Trustee may resign at any time, with or without cause, time by giving written notice duly acknowledged by certified mail that Xxxxxxx, to an acting co-trustee, to the Trustor and beneficiaries, or to each Unit Ownerthe court. Such resignation If notice is given to the court, it shall be effective as in the form of the date specified in such Notice. The resigning Trustee shall account to its successor an application for the administration approval of the Trust Estate as may be required by the Successor Trustee. All successors to such resigning Trustee shall be fully protected in relying upon such accountingresignation.

Resignation of Trustees. A Any Trustee may resign at any time, with without need for prior or without cause, subsequent accounting by giving written notice in writing signed by certified mail the Trustee and delivered to the Trustor Board, and to each Unit Owner. Such such resignation shall be effective as of the upon such delivery, or at a later date specified in the written notice Any vacancy created by such Noticeremoval shall be filled in accordance with subsection 4.3(a). The resigning Trustee shall account to its successor for the administration of the All Trust Estate as may be required assets held by the Successor Trustee. All successors to such resigning Trustee in his/her capacity as Trustee shall be fully protected in relying upon such accountingimmediately returned to the Trust.

Resignation of Trustees. A Any Trustee may resign at any time, with without need for prior or without cause, subsequent accounting by giving written notice in writing signed by certified mail the Trustees and delivered to the Trustor Board, and to each Unit Owner. Such such resignation shall be effective as of the upon such delivery, or at a later date specified in such Notice. The resigning Trustee shall account to its successor for the administration of the Trust Estate as may be required by the Successor Trustee. All successors to such resigning Trustee shall be fully protected in relying upon such accountingwritten notice.

Resignation of Trustees. A Any Trustee may resign at any time, with without need for prior or without cause, subsequent accounting by giving written notice in writing signed by certified mail the TrusteesTrustee and delivered to the Trustor Board, and to each Unit Owner. Such such resignation shall be effective as of the upon such delivery, or at a later date specified in such Notice. The resigning Trustee shall account to its successor for the administration of the Trust Estate as may be required by the Successor Trustee. All successors to such resigning Trustee shall be fully protected in relying upon such accountingwritten notice.