Resignation or Removal of the Trustee; Appointment of Successor Trustee. (a) The Trustee may at any time resign as Trustee hereunder by written notice of its election so to do, delivered to the Depositor, and such resignation shall take effect upon the appointment of a successor Trustee and its acceptance of such appointment as hereinafter provided; provided, however, that in the event of such resignation, the Trustee shall (i) assist the Depositor in finding a successor Trustee acceptable to the Depositor and (ii) negotiate in good faith concerning any prepaid but unaccrued fees.
Appears in 63 contracts
Samples: Market Agent Agreement (Preferredplus Trust Series BLC-2), Market Agent Agreement (Merrill Lynch Depositor Inc Preferredplus Trust Ser QWS- 1), Market Agent Agreement (PPLUS Trust Series DCNA-1)
Resignation or Removal of the Trustee; Appointment of Successor Trustee. (a) The Trustee may at any time resign as Trustee hereunder by written notice of its election so to do, delivered to the DepositorSponsor, and such resignation shall take effect upon the appointment of a successor Trustee and its acceptance of such appointment as hereinafter provided; provided, however, that in the event of such resignation, the Trustee shall (i) assist the Depositor in finding a successor Trustee acceptable to the Depositor and (ii) negotiate in good faith concerning any prepaid but unaccrued fees.
Appears in 46 contracts
Samples: Depositary Trust Agreement (iShares Silver Trust), Depositary Trust Agreement (Ishares Gold Trust), Depositary Trust Agreement
Resignation or Removal of the Trustee; Appointment of Successor Trustee. (a) The Trustee may at any time resign as Trustee hereunder by written notice of its election so to do, delivered to the Depositor, and such resignation shall take effect upon the appointment of a successor Trustee and its acceptance of such appointment as hereinafter provided; provided, however, that in the event of such resignation, the Trustee shall (ia) assist the Depositor in finding a successor Trustee acceptable to the Depositor and (iib) negotiate in good faith concerning any prepaid but unaccrued fees.
Appears in 13 contracts
Samples: Trust Agreement (Freedom Depository LLC), Market Agent Agreement (Lehman Abs Corp), Market Agent Agreement (Lehman Abs Corp)
Resignation or Removal of the Trustee; Appointment of Successor Trustee. (a) The Trustee may at any time resign as Trustee hereunder by written notice of its election so to do, delivered to the DepositorDepositor and each Rating Agency, and such resignation shall take effect upon the appointment of a successor Trustee and its acceptance of such appointment as hereinafter provided; provided, however, that in the event of such resignation, the Trustee shall (ia) assist the Depositor in finding a successor Trustee acceptable to the Depositor and (iib) negotiate in good faith concerning any prepaid but unaccrued fees.
Appears in 5 contracts
Samples: Warrant Agent Agreement (Select Asset Inc), Series Supplement (Bear Stearns Depositor Inc), Warrant Agent Agreement (Select Asset Inc)
Resignation or Removal of the Trustee; Appointment of Successor Trustee. (a) The Trustee may at any time resign as Trustee hereunder by written notice of its election so to do, delivered to the Depositor, and such resignation shall take effect upon the appointment of a successor Trustee and its acceptance of such appointment as hereinafter provided; provided, however, that in the event of such resignation, the Trustee shall (ia) assist the Depositor in finding a successor Trustee acceptable to the Depositor and (iib) negotiate in good faith concerning any prepaid but by unaccrued fees.
Appears in 1 contract
Samples: Southpoint Structured Assets Inc
Resignation or Removal of the Trustee; Appointment of Successor Trustee. (a) The Trustee may at any time resign as Trustee hereunder by written notice of its election so to do, delivered to the DepositorDepositor and each Rating Agency, and such resignation shall take effect upon the appointment of a successor Trustee and its acceptance of such appointment as hereinafter provided; provided, however, that that, in the event of such resignation, the Trustee shall (ia) assist the Depositor in finding a successor Trustee acceptable to the Depositor and (iib) negotiate in good faith concerning any prepaid but unaccrued fees.
Appears in 1 contract
Samples: Select Asset Inc
Resignation or Removal of the Trustee; Appointment of Successor Trustee. (a) The Trustee may at any time resign as Trustee hereunder by written notice of its election so to do, delivered to the Owners and the Initial Depositor, and such resignation shall take effect upon the appointment of a successor Trustee and its acceptance of such appointment as hereinafter provided; provided, however, that in the event of such resignation, the Trustee shall (i) assist the Initial Depositor acting on behalf of the Owners in finding a successor Trustee acceptable to the Initial Depositor and (ii) negotiate in good faith concerning any prepaid but unaccrued fees.
Appears in 1 contract
Samples: Depositary Trust Agreement (Merrill Lynch Pierce Fenner & Smith Inc)
Resignation or Removal of the Trustee; Appointment of Successor Trustee. (a) The Trustee may at any time resign as Trustee hereunder by written notice of its election so to do, delivered to the DepositorDepositor and each Rating Agency, and such resignation shall take effect only upon the appointment of a successor Trustee and its acceptance of such appointment as hereinafter provided; provided, however, that in the event of such resignation, the Trustee shall (ia) assist the Depositor in finding a successor Trustee acceptable to the Depositor and Depositor, (iib) negotiate in good faith concerning any prepaid but unaccrued feesfees and (c) cooperate fully in effecting the orderly transition to the successor trustee of all information related to the transaction.
Appears in 1 contract
Samples: Bond Products Depositor LLC