Common use of Resignation or Removal of the Administrative Trustee; Appointment of Successor Administrative Trustee Clause in Contracts

Resignation or Removal of the Administrative Trustee; Appointment of Successor Administrative Trustee. (a) The Administrative Trustee may at any time resign as Administrative Trustee hereunder by written notice of its election so to do, delivered to the Sponsor, and such resignation shall take effect upon the appointment of a successor Administrative Trustee and its acceptance of such appointment as hereinafter provided.

Appears in 16 contracts

Samples: Trust Agreement (iShares S&P GSCI Commodity-Indexed Investing Pool LLC), Trust Agreement (iShares S&P GSCI Commodity-Indexed Trust), Trust Agreement (iShares GS Commodity Livestock Indexed Investing Pool LLC)

AutoNDA by SimpleDocs

Resignation or Removal of the Administrative Trustee; Appointment of Successor Administrative Trustee. (a) The Administrative Trustee may at any time resign as the Administrative Trustee hereunder by written notice of its election so to do, delivered to the Sponsor, and such resignation shall take effect upon the appointment of a successor Administrative Trustee and its acceptance of such appointment as hereinafter provided.

Appears in 8 contracts

Samples: Trust Agreement (iShares Ethereum Trust ETF), Trust Agreement (iShares Ethereum Trust), Trust Agreement (iShares Bitcoin Trust)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!