Retirement of Manager Sample Clauses

Retirement of Manager. 21.2.1 The Manager may retire as manager of the Trust at any time after giving 60 days’ written notice, or any other period of notice as agreed to by the Trustee, to the Trustee PROVIDED THAT, and subject to:
Sample 1
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Retirement of Manager. The Manager shall have the power to retire in favour of a corporation recommended by the Manager and approved by the Trustee upon and subject to such corporation entering into such deed or deeds as mentioned in Clause 24.1. Upon such deed or deeds being entered into and upon payment to the Trustee of all sums due by the retiring Manager to the Trustee under this Deed at the date thereof the retiring Manager shall be absolved and released from all further obligations hereunder but without prejudice to the rights of the Trustee or of any Holder, former Holder or other person in respect of any act or omission prior to such retirement. Notwithstanding the foregoing, the retiring Manager shall give the new Manager all books, documents, records and any other property held by or on behalf of the retiring Manager relating to the Trust and take all steps within its powers as may be required or necessary to facilitate the change of Manager.
Sample 1

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