Resignation or Removal of Trustees. Each of the Trustee and the Delaware Trustee may at any time resign and be discharged from the trust hereby created by giving written notice thereof to the NIMS Insurer, the Depositor, the Servicer, the Swap Counterparty and the Certificateholders. Upon receiving such notice of resignation, the Servicer shall promptly appoint a successor trustee by written instrument, in duplicate, which instrument shall be delivered to the resigning trustee and to the successor trustee acceptable to the NIMS Insurer and to the Holders of Certificates entitled to more than 50% of the Voting Rights. A copy of such instrument shall be delivered to the Certificateholders and the Servicer by the Depositor. If no successor trustee shall have been so appointed and have accepted appointment within 30 days after the giving of such notice of resignation, the resigning trustee may petition any court of competent jurisdiction for the appointment of a successor trustee. If at any time the Trustee or the Delaware Trustee shall cease to be eligible in accordance with the provisions of Section 8.06 and shall fail to resign after written request therefor by the Servicer (with the consent of the NIMS Insurer) or the NIMS Insurer, or if at any time the Trustee or the Delaware Trustee shall become incapable of acting, or shall be adjudged bankrupt or insolvent, or a receiver of such trustee or of its property shall be appointed, or any public officer shall take charge or control of such trustee or of its property or affairs for the purpose of rehabilitation, conservation or liquidation, then the Servicer (with the consent of the NIMS Insurer) or the NIMS Insurer, may remove such trustee and the Servicer (with the consent of the NIMS Insurer) may appoint a successor trustee, by written instrument, in triplicate, which instrument shall be delivered to the trustee so removed, the trustee continuing and to the successor trustee. A copy of such instrument shall be delivered to the Certificateholders and the Servicer by the Depositor. The Holders of Certificates entitled to more than 50% of the Voting Rights, with the consent of the NIMS Insurer, may at any time remove the Trustee or the Delaware Trustee and appoint a successor trustee by written instrument or instruments, in triplicate, signed by the NIMS Insurer or such Holders, as applicable, or their attorneys‑in‑fact duly authorized, one complete set of which instruments shall be delivered to the Depositor and the Servicer, one complete set t...
Resignation or Removal of Trustees. (a) A Trustee may at any time resign by giving thirty (30) days prior written notice to the Initial Beneficiary and each Certificateholder. Upon receiving the notice of resignation, the holder of the UTI (in the case of the UTI Trustee, Administrative Trustee or Delaware Trustee) or the holder of the applicable SUBI (in the case of a SUBI Trustee) shall promptly appoint a successor Trustee who meets the eligibility requirements set forth in Section 6.2 by written instrument.
Resignation or Removal of Trustees. (a) A Trustee may at any time resign by giving thirty (30) days prior written notice to the Settlor and each Certificateholder. Upon receiving the notice of resignation, the Settlor shall promptly appoint a successor Trustee who meets the eligibility requirements set forth in Section 6.2 by written instrument.
Resignation or Removal of Trustees i. The Trustees and each Trustee shall serve until death, resignation or removal by the Employer.
Resignation or Removal of Trustees. (a) A Trustee may at any time resign by giving written notice of such resignation to the Company and by delivering notice thereof to the Holders. Upon receiving such notice of resignation, the Company shall promptly appoint a successor trustee by written instrument, in duplicate, executed by order of the Board of Directors, one copy of which instrument shall be delivered to the resigning Trustee and one copy to the successor trustee. If no successor trustee shall have been so appointed and have accepted appointment within 45 days after the giving of such notice of resignation to the Holders, the resigning Trustee may, upon ten Business Days’ notice to the Company and the Holders, petition any court of competent jurisdiction, at the expense of the Company, for the appointment of a successor trustee, or any Holder who has been a bona fide Holder for at least six months (or since the date of this Indenture) may, subject to the provisions of Section 6.11, on behalf of himself or herself and all others similarly situated, petition any such court for the appointment of a successor trustee. Such court may thereupon, after such notice, if any, as it may deem proper and prescribe, appoint a successor trustee.
Resignation or Removal of Trustees. A Trustee may resign at any time as a Trustee of the Master Trust by delivering notice of such resignation not less than thirty (30) days prior to the effective date thereof to the Company and each of the other Trustees then serving hereunder. Prior to a Change of Control, the Company may remove a Trustee at any time for any reason by notice to the Trustees. Upon a Change of Control, Bank One shall immediately and without further action be removed as a Trustee. Further, upon a Change of Control the Company may not remove a Trustee; however, a Trustee may be removed at any time by the affirmative vote of a majority of the remaining Trustees.
Resignation or Removal of Trustees. Any Trustee acting hereunder may resign at any time upon thirty (30) days' written notice to the Company, the Committee and the remaining Trustees, and the Company may remove any Trustee upon thirty (30) days' written notice to the Trustees and the Committee; but the Company and such Trustee may by written instrument waive such notice. If any Trustee shall resign, be removed, or for any other reason cease to be Trustee, the Company shall appoint a successor Trustee or
Resignation or Removal of Trustees. (a) The Trustee may at any time resign and be discharged from the trust hereby created by giving written notice thereof to
Resignation or Removal of Trustees. A. Any Trustee may resign at any time by giving written notice to the other Trustees or in accordance with the by-laws adopted by the Trustees.
Resignation or Removal of Trustees. Each Trustee may at any time resign and be discharged from the trust created by this Agreement by giving thirty (30) days prior written notice of resignation to the Administrator, the Depositors and the other Trustee. When it receives a notice of resignation, the Administrator shall promptly appoint a successor Trustee in writing delivered to the resigning Trustee and to the successor Trustee. If no successor Trustee has been so appointed and assumed trusteeship within thirty (30) days after the notice of resignation, the resigning Trustee may petition any court of competent jurisdiction for the appointment of a successor Trustee. The Administrator may remove a Trustee if at any time such Trustee is legally unable to act, or an Insolvency Event occurs with respect to such Trustee. If the Administrator removes a Trustee under the authority of the preceding sentence, the Administrator shall promptly appoint a successor Trustee in writing delivered to the outgoing Trustee and to the successor Trustee, and shall pay all fees and expenses owed to the outgoing Trustee. Any resignation or removal of a Trustee and appointment of a successor Trustee shall not become effective until acceptance of the appointment by the successor Trustee pursuant to
