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 (a) assist the Depositor in finding a successor Trustee acceptable to the Depositor and (b) negotiate in good faith concerning any prepaid but unaccrued fees.
Appears in 4 contracts
Samples: Trust Agreement (Lehman Abs Corp), Trust Agreement (Lehman Abs Corp), Trust 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 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 (a) assist the Depositor in finding a successor Trustee acceptable to the Depositor and (b) negotiate in good faith concerning any prepaid but unaccrued fees.
Appears in 4 contracts
Samples: Elmwood Funding LTD, Elmwood Funding LTD, Elmwood Funding LTD
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 (a) assist the Depositor in finding a successor Trustee acceptable to the Depositor and (b) negotiate in good faith concerning any prepaid but unaccrued fees.
Appears in 1 contract
Samples: Trust Agreement (Db Depositor 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 (a) assist the Depositor in finding a successor Trustee acceptable to the Depositor and (b) negotiate in good faith concerning any prepaid but unaccrued fees.
Appears in 1 contract
Samples: Elmwood Funding LTD