Resignation of Voting Trustee. 3.2.1 The Voting Trustee may resign at any time on 30 days written notice to the Corporation and each Shareholder.
3.2.2 The Voting Trustee will be deemed to have immediately resigned, without any notice being required: FORM - DO NOT COPY
(a) upon his or her death; (b) in case of disability that prevents him or her from properly performing his or her functions hereunder; (c) where he, she, or it files a voluntary petition in bankruptcy or files a voluntary petition or files any proposal or notice of intent to file a proposal, or files any application or otherwise commences any action or proceeding seeking reorganization, arrangement, consolidation or readjustment of its debts or which seeks to stay or has the effect of staying any creditors, or for any other relief under the Bankruptcy and Insolvency Act (Canada) or the Companies Creditors Arrangement Act (Canada) or under any other bankruptcy, insolvency, liquidation, winding-up, corporate or similar statute or law, provincial, state or federal, now or hereafter existing, or consents to, approves of or acquiesces in any such petition, proposal, action or proceeding; or (d) where he or she is a director or officer of the Corporation, upon his or her ceasing to be a director or officer of the Corporation.
3.2.3 The resignation of the appointment of the Voting Trustee in accordance with Section 3.2.1 will not be effective until a successor Voting Trustee has been appointed by the Corporation, but in any case no later than 60 days from the date that the written notice as set out in Section 3.2.1 has been delivered in accordance with Article 5. Immediately upon resignation of the Voting Trustee in accordance with Section 3.2.1, the Corporation will provide notice thereof to the Shareholders.
Resignation of Voting Trustee. The Voting Trustee may at any time resign by delivering to the owners of the Voting Trust Certificates and Pledged Shares, its resignation in writing, to take effect not less than ten (10) days after delivery. Promptly following the effectiveness of such resignation, the Voting Trustee shall transfer any property held by the Voting Trustee to the successor Voting Trustee.
Resignation of Voting Trustee. The Voting Trustee may at ----------------------------- any time resign by delivering to (i) the owners of the Voting Trust Certificates and Pledged Shares and (ii) GE, his resignation in writing, to take effect not less than ten days after delivery. Such notice of resignation shall specify the time and manner of delivery of certificates representing Shares following the surrender and cancellation of the respective Voting Trust Certificates as described in Section 7(c) below. Promptly following the effectiveness of such resignation, the Voting Trustee shall transfer any property held by the Voting Trustee to the successor Voting Trustee.
Resignation of Voting Trustee. FOR
3.2.1 The Voting Trustee may resign at any time on 30 days written notice to the Corporation and each Shareholder. REVIEW
3.2.2 The Voting Trustee will be deemed to have immediately resigned, without any notice being required: (a) upon his or her death; (b) in case of disability that prevents him or her from properly performing his or her functions hereunder; (c) where he, she, or it files a voluntary petition in bankruptcy or files a voluntary petition or files any proposal or notice of intent to file a proposal, or files any application or otherwise commences any action or proceeding seeking reorganization, arrangement, consolidation or readjustment of its debts or which seeks to stay or has the effect of staying any creditors, or for any other relief under the Bankruptcy and Insolvency Act (Canada), or under any other bankruptcy, insolvency, liquidation, winding-up, corporate or similar statute or law, provincial, state or federal, now or hereafter existing, or consents to, approves of or acquiesces in any such petition, proposal, action or proceeding; or
Resignation of Voting Trustee. And Distribution Of Shares) shall not apply and shall not have any force and effect after such public offering; (iii) each Beneficiary may request that the Voting Trustee sell on the public market all or part of the shares of HMC attributable to such Beneficiary at the best execution price reasonably attainable by such Voting Trustee, subject to any lock-up provisions restricting the sale of such shares and federal or state securities restrictions in making such sales; and the Voting Trustee shall distribute the net proceeds from such sales to such Beneficiaries within a reasonable time after the receipt of the proceeds from such sale; (v) notwithstanding Section 3.2 (Voting Restrictions), the Voting Trustee has the authority to vote to amend the articles of HMC to permit the elimination of cumulative voting upon a public offering by HMC; and (vi) the provision of the last phrase of Paragraph 3.4 (Company Notices And Financial Information) requiring the Voting Trustee to forward a copy of the monthly internal financial statement package shall not apply and shall have no force an effect.
Resignation of Voting Trustee. In the case of the Voting Trustee’s resignation pursuant to Section 2.8(a), its only duty shall be to hold and dispose of the Escrow Shares in accordance with the original provisions of this Agreement until a successor Voting Trustee shall be appointed by WRAIR, subject to acceptance by Iomai, not to be unreasonably withheld, and a written notice of the name and address of such successor Voting Trustee shall be given to the Voting Trustee by an authorized representative or counsel for WRAIR, whereupon the Voting Trustee’s only duty shall be to turn over, in accordance with the written instructions of an authorized representative or counsel for WRAIR and Iomai, to the successor Voting Trustee the Escrow Shares. In the event that the Voting Trustee shall not have received instructions in accordance with the preceding sentence within thirty (30) days following its notice of resignation to WRAIR and Iomai, the Voting Trustee may deposit the Escrow Shares with any Federal court in the District of Columbia, United States of America with competent jurisdiction, at which time the Voting Trustee shall be released from any further obligation hereunder.
Resignation of Voting Trustee. The Voting Trustee may resign its position as such by giving written notice to the Stockholder. Such resignation shall become effective on the day specified in such notice or upon the election or appointment of such Voting Trustee's successor and such successor's acceptance of such election or appointment, whichever is earlier.
