Resignation or Removal of Agent. The Agent may at any time resign as such agent by giving written notice to the Company of such intention on its part, specifying the date on which its desired resignation shall become effective; PROVIDED, HOWEVER, that such date shall be not less than three months after the giving of such notice by the Agent to the Company. The Agent may be removed at any time by the filing with it of any instrument in writing signed by a duly authorized officer of the Company and specifying such removal and the date upon which it is intended to become effective. Such resignation or removal shall take effect on the date of the appointment by the Company of a successor agent and the acceptance of such appointment by such successor Agent. In the event of resignation by the Agent, if a successor Agent has not been appointed by the Company within three months after the giving of notice by the Agent of its intention to resign, the Agent may, at the expense of the Company, petition any court of competent jurisdiction for appointment of a successor Agent.
Appears in 2 contracts
Samples: Fiscal and Paying Agency Agreement (Sierra Pacific Resources Capital Trust Ii), Fiscal and Paying Agency Agreement (Sierra Pacific Resources Capital Trust Ii)
Resignation or Removal of Agent. The Agent may at any ------------------------------- time resign as such agent by giving written notice to the Company of such intention on its part, specifying the date on which its desired resignation shall become effective; PROVIDEDprovided, HOWEVERhowever, that such date shall be not less than -------- ------- three months after the giving of such notice by the Agent to the Company. The Agent may be removed at any time by the filing with it of any instrument in writing signed by a duly authorized officer of the Company and specifying such removal and the date upon which it is intended to become effective. Such resignation or removal shall take effect on the date of the appointment by the Company of a successor agent and the acceptance of such appointment by such successor Agent. In the event of resignation by the Agent, if a successor Agent has not been appointed by the Company within three months after the giving of notice by the Agent of its intention to resign, the Agent may, at the expense of the Company, petition any court of competent jurisdiction for appointment of a successor Agent.
Appears in 2 contracts
Samples: Fiscal and Paying Agency Agreement (Nevada Power Co), Fiscal and Paying Agency Agreement (Sierra Pacific Power Co)
Resignation or Removal of Agent. The Agent may at ------------------------------- any time resign as such agent by giving written notice to the Company of such intention on its part, specifying the date on which its desired resignation shall become effective; PROVIDEDprovided, HOWEVERhowever, that such date shall be not less than -------- ------- three months after the giving of such notice by the Agent to the Company. The Agent may be removed at any time by the filing with it of any instrument in writing signed by a duly authorized officer of the Company and specifying such removal and the date upon which it is intended to become effective. Such resignation or removal shall take effect on the date of the appointment by the Company of a successor agent and the acceptance of such appointment by such successor Agent. In the event of resignation by the Agent, if a successor Agent has not been appointed by the Company within three months after the giving of notice by the Agent of its intention to resign, the Agent may, at the expense of the Company, petition any court of competent jurisdiction for appointment of a successor Agent.
Appears in 1 contract
Samples: Fiscal and Paying Agency Agreement (Sierra Pacific Power Co)
Resignation or Removal of Agent. The Agent may at any ------------------------------- time resign as such agent by giving written notice to the Company of such intention on its part, specifying the date on which its desired resignation shall become effectiveeffectively; PROVIDEDprovided, HOWEVERhowever, that such date shall be not less -------- ------- than three months after the giving of such notice by the Agent to the Company. The Agent may be removed at any time by the filing with it of any instrument in writing signed by a duly authorized officer of the Company and specifying such removal and the date upon which it is intended to become effective. Such resignation or removal shall take effect on the date of the appointment by the Company of a successor agent and the acceptance of such appointment by such successor Agent. In the event of resignation by the Agent, if a successor Agent has not been appointed by the Company within three months after the giving of notice by the Agent of its intention to resign, the Agent may, at the expense of the Company, petition any court of competent jurisdiction for appointment of a successor Agent.
Appears in 1 contract
Samples: Fiscal and Paying Agency Agreement (Sierra Pacific Power Co)