Common use of Resignation or Removal of the Owner Trustee Clause in Contracts

Resignation or Removal of the Owner Trustee. (a) The Owner Trustee may resign and be discharged from the trusts created by this Agreement by giving notice to the Depositor and the Administrator.

Appears in 47 contracts

Samples: Trust Agreement (Ford Credit Auto Owner Trust 2015-B), Trust Agreement (Ford Credit Auto Owner Trust 2015-B), Trust Agreement (Ford Credit Auto Owner Trust 2015-A)

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Resignation or Removal of the Owner Trustee. (a) The Owner Trustee may resign and be discharged from the trusts created by this Agreement by giving notice to the Depositor and the Indenture Administrator.

Appears in 22 contracts

Samples: Trust Agreement (Ford Credit Auto Lease Trust 2015-B), Trust Agreement (Ford Credit Auto Lease Trust 2015-B), Trust Agreement (Ford Credit Auto Lease Trust 2015-A)

Resignation or Removal of the Owner Trustee. (a) The Owner Trustee may at any time resign and be discharged from the trusts hereby created by this Agreement by giving written notice thereof to the Depositor and Transferor, the Administrator., the Servicer, the Indenture Trustee and the

Appears in 2 contracts

Samples: Trust Agreement (Vw Credit Leasing LTD), Trust Agreement (Vw Credit Leasing LTD)

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Resignation or Removal of the Owner Trustee. (a) The Owner Trustee may resign and be discharged from the trusts created by this Agreement by giving notice to the Depositor Depositors and the Administrator.

Appears in 2 contracts

Samples: Trust Agreement (Ford Credit Floorplan LLC), Trust Agreement (Ford Credit Floorplan Corp)

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