RESIGNATION OR RETIREMENT OF DIRECTOR. Each appointor hereby confirms to the other that, if the person nominated or deemed to be nominated by it should resign or retire or for any other reason cease to act as director of any of the Companies, it will promptly: (a) procure that such director shall acknowledge in writing that he has no claim of any nature whatsoever against the relevant Company; (b) nominate another person willing to act in the relevant capacity; and (c) procure the consent of that other person to act in that capacity.
Appears in 2 contracts
Samples: Funding Corporate Services Agreement (Permanent Funding (No. 2) LTD), Corporate Services Agreement (Permanent Funding (No. 2) LTD)
RESIGNATION OR RETIREMENT OF DIRECTOR. Each appointor hereby confirms to the other that, if the person nominated or deemed to be nominated by it should resign or retire or for any other reason cease to act as director of any of the Companies, it will promptly:
(aA) procure that such director shall acknowledge in writing that he has no claim of any nature whatsoever against the relevant Company;
(bB) nominate another person willing to act in the relevant capacity; and
(cC) procure the consent of that other person to act in that capacity.
Appears in 1 contract
Samples: Not Specified in the Provided Text
RESIGNATION OR RETIREMENT OF DIRECTOR. Each appointor hereby confirms to the other that, if the person nominated or deemed to be nominated by it should resign or retire or for any other reason cease to act as director of any of the CompaniesFifth Issuer, it will promptly:
(a) procure that such director shall acknowledge in writing that he has no claim of any nature whatsoever against the relevant CompanyFifth Issuer;
(b) nominate another person willing to act in the relevant capacity; and
(c) procure the consent of that other person to act in that capacity.
Appears in 1 contract
Samples: Corporate Services Agreement (Permanent Financing (No. 5) PLC)
RESIGNATION OR RETIREMENT OF DIRECTOR. Each appointor hereby confirms to the other that, if the person nominated or deemed to be nominated by it should resign or retire or for any other reason cease to act as director of any of the CompaniesSecond Issuer, it will promptly:
(a) procure that such director shall acknowledge in writing that he has no claim of any nature whatsoever against the relevant CompanySecond Issuer;
(b) nominate another person willing to act in the relevant capacity; and
(c) procure the consent of that other person to act in that capacity.
Appears in 1 contract
Samples: Corporate Governance (Permanent Mortgages Trustee LTD)
RESIGNATION OR RETIREMENT OF DIRECTOR. Each appointor hereby confirms to the other that, if the person nominated or deemed to be nominated by it should resign or retire or for any other reason cease to act as director of any of the CompaniesCompany, it will promptly:
: (ai) procure that such director shall acknowledge in writing that he has no claim of any nature whatsoever against the relevant Company;
; (bii) nominate another person willing to act in the relevant capacity; and
and (ciii) procure the consent of that other person to act in that capacity.
Appears in 1 contract
Samples: Mortgages Trustee Corporate Services Agreement (Permanent Funding (No. 2) LTD)
RESIGNATION OR RETIREMENT OF DIRECTOR. Each appointor hereby confirms to the other that, if the person nominated or deemed to be nominated by it should resign or retire or for any other reason cease to act as director of any of the CompaniesFourth Issuer, it will promptly:
(a) procure that such director shall acknowledge in writing that he has no claim of any nature whatsoever against the relevant CompanyFourth Issuer;
(b) nominate another person willing to act in the relevant capacity; and
(c) procure the consent of that other person to act in that capacity.
Appears in 1 contract
Samples: Corporate Services Agreement (Permanent Mortgages Trustee LTD)
