Resignation or Removal of Indenture Trustee. The Indenture Trustee may at any time resign and be discharged from the trusts hereby created by giving written notice thereof to the Servicer, the Trust, the Note Insurer and each Noteholder which resignation will not become effective until such time as a successor Indenture Trustee has been appointed in accordance with the provisions of this Section 7.
Appears in 2 contracts
Samples: Indenture (First Sierra Receivables Iii Inc), Indenture (First Sierra Receivables Iii Inc)
Resignation or Removal of Indenture Trustee. (a) The Indenture Trustee may at any time resign and be discharged from the trusts hereby created by giving written notice thereof to the Servicer, the Trust, the Note Insurer and each Noteholder which resignation will not become effective until such time as a successor Indenture Trustee has been appointed in accordance with the provisions of this Section 7.
Appears in 2 contracts
Samples: Indenture (Prudential Securities Secured Financing Corp), Indenture (American Business Financial Services Inc /De/)
Resignation or Removal of Indenture Trustee. The Indenture Trustee may at any time resign and be discharged from the trusts hereby created by giving written notice thereof to the Servicer, the Trust, the Note Insurer Trust and each Noteholder Noteholder, which resignation will not become effective until such time as a successor Indenture Trustee has been appointed in accordance with the provisions of this Section 7.
Appears in 2 contracts
Samples: Indenture (First Sierra Receivables Iii Inc), Indenture (First Sierra Receivables Iii Inc)
Resignation or Removal of Indenture Trustee. (a) The Indenture Trustee may at any time resign and be discharged from the trusts hereby created by giving written notice thereof to the Servicer, the TrustIssuers, the Note Insurer and each Noteholder Noteholder, which resignation will not become effective until such time as a successor Indenture Trustee has been appointed in accordance with the provisions of this Section 7.
Appears in 1 contract
Samples: Indenture (HPSC Inc)
Resignation or Removal of Indenture Trustee. (a) The Indenture Trustee may at any time resign and be discharged from the trusts hereby created by giving written notice thereof to the Servicer, the TrustIssuers, the Note Insurer and Insurer, each Noteholder and the Certificateholders, which resignation will not become effective until such time as a successor Indenture Trustee has been appointed in accordance with the provisions of this Section 7.
Appears in 1 contract
Samples: Indenture (Unicapital Corp)
Resignation or Removal of Indenture Trustee. The Indenture Trustee may at any time resign and be discharged from the trusts hereby created by giving written notice thereof to the Servicer, the Trust, the Note Insurer Insurer, the Letter of Credit Bank and each Noteholder which resignation will not become effective until such time as a successor Indenture Trustee has been appointed in accordance with the provisions of this Section 7.
Appears in 1 contract
Samples: Indenture (Prudential Securities Secured Financing Corp)
Resignation or Removal of Indenture Trustee. (a) The Indenture Trustee may at any time resign and be discharged from the trusts hereby created by giving written notice thereof to the Servicer, the Trust, the Note Insurer Trust and each Noteholder Noteholder, which resignation will not become effective until such time as a successor Indenture Trustee has been appointed in accordance with the provisions of this Section 7.
Appears in 1 contract
