Resignation or Removal of Agent. Any Agent may at any time resign as such by giving written notice to the Issuer and, except in the case of the resignation of the Issuing and Paying Agent, to the Issuing and Paying Agent of such intention on its part, specifying the date on which its desired resignation shall become effective; provided that such date, unless otherwise agreed by the Issuer, shall not be less than 30 days after the date on which such notice is given. The Issuer may remove any Agent with respect to Notes issued by the Issuer at any time by filing with such Agent an instrument in writing signed by or on behalf of the Issuer and specifying such removal and the date when it shall become effective. The resignation or removal of an Agent with respect to Notes issued by the Issuer shall become effective on the date set forth in the notice and shall only be effective with respect to the Issuer and Notes issued by the Issuer, except that any resignation or removal of the Issuing and Paying Agent or the Registrar shall take effect upon the Issuer’s appointment of a successor Issuing and Paying Agent or Registrar, as the case may be, and such Agent’s acceptance of such appointment; provided, that if the Issuer has not appointed a successor Agent within 30 days after any such removal or replacement, the affected Agent (at the expense of the Issuer) may petition any court of competent jurisdiction for the appointment of a successor Agent.
Appears in 2 contracts
Samples: Issuing and Paying Agency Agreement (Bank of America Corp /De/), Issuing and Paying Agency Agreement (Bank of America Corp /De/)
Resignation or Removal of Agent. Any Agent may at any time resign as such by giving written notice to the Issuer Issuers and, except in the case of the resignation of the Issuing and Paying Agent, to the Issuing and Paying Agent of such intention on its part, specifying the date on which its desired resignation shall become effective; provided that such date, unless otherwise agreed by the Issuer, date shall not be less than 30 thirty (30) days after the date on which such notice is givengiven unless each Issuer agrees to accept less notice. The An Issuer may remove any Agent with respect to Notes issued by the such Issuer at any time by filing with such Agent it an instrument in writing signed by or on behalf of the such Issuer and specifying such removal and the date when it shall become effective. The resignation or removal of an Agent with respect to Notes issued by the an Issuer shall become effective on the date set forth in the notice thereof and shall only be effective with respect to the such Issuer and Notes issued by the such Issuer, except that any resignation or removal of the Issuing and Paying Agent or the Registrar shall take effect upon the Issuer’s appointment Issuers' appointment, as hereinafter provided, of a successor Issuing and Paying Agent or Registrar, as the case may be, and such Agent’s 's acceptance of such appointment; provided, that if the Issuer has Issuers have not appointed a successor replacement Agent within 30 days after any such removal or replacement, the affected Agent (at the expense of the IssuerIssuers) may petition any court of competent jurisdiction for the appointment of a successor Agent.
Appears in 1 contract
Samples: Issuing and Paying Agency Agreement (Nationsbank Corp)
Resignation or Removal of Agent. Any Agent may at any time ------------------------------- resign as such by giving written notice to the Issuer and, except in the case of the resignation of the Issuing and Paying Agent, to the Issuing and Paying Agent of such intention on its part, specifying the date on which its desired resignation shall become effective; provided that such date, unless otherwise agreed by the Issuer, date shall not be less than 30 thirty (30) days after the date on which such notice is givengiven unless the Issuer agrees to accept less notice. The Issuer may remove any Agent with respect to Notes issued by the Issuer at any time by filing with such Agent it an instrument in writing signed by or on behalf of the Issuer and specifying such removal and the date when it shall become effective. The resignation or removal of an Agent with respect to Notes issued by the Issuer shall become effective on the date set forth in the notice thereof and shall only be effective with respect to the Issuer and Notes issued by the Issuer, except that any resignation or removal of the Issuing and Paying Agent or the Registrar shall take effect upon the Issuer’s appointment 's, appointment, as hereinafter provided, of a successor Issuing and Paying Agent or Registrar, as the case may be, and such Agent’s 's acceptance of such appointment; provided, that if the Issuer has not appointed a successor replacement Agent within 30 days after any such removal or replacement, the affected Agent (at the expense of the Issuer) may petition any court of competent jurisdiction for the appointment of a successor Agent.
Appears in 1 contract
Samples: Issuing and Paying Agency Agreement (Bank of America Corp /De/)
Resignation or Removal of Agent. Any Agent may at any time resign as such by giving written notice to the Issuer and, except in the case of the resignation of the Issuing and Paying Agent, to the Issuing and Paying Agent of such intention on its part, specifying the date on which its desired resignation shall become effective; provided that such date, unless otherwise agreed by the Issuer, date shall not be less than 30 thirty (30) days after the date on which such notice is givengiven unless the Issuer agrees to accept less notice. The Issuer may remove any Agent with respect to Notes issued by the Issuer at any time by filing with such Agent it an instrument in writing signed by or on behalf of the Issuer and specifying such removal and the date when it shall become effective. The resignation or removal of an Agent with respect to Notes issued by the Issuer shall become effective on the date set forth in the notice thereof and shall only be effective with respect to the Issuer and Notes issued by the Issuer, except that any resignation or removal of the Issuing and Paying Agent or the Registrar shall take effect upon the Issuer’s appointment 's, appointment, as hereinafter provided, of a successor Issuing and Paying Agent or Registrar, as the case may be, and such Agent’s 's acceptance of such appointment; provided, that if the Issuer has not appointed a successor replacement Agent within 30 days after any such removal or replacement, the affected Agent (at the expense of the Issuer) may petition any court of competent jurisdiction for the appointment of a successor Agent.
Appears in 1 contract
Samples: Issuing and Paying Agency Agreement (Bank of America Corp /De/)