Termination by Custodian. This Custodial Agreement may be terminated by the Custodian, at any time, and the Custodian may resign, upon 30 days' prior written notice to the Trustee, on behalf of each Trust and the Indenture Trustee; provided, however, that no termination or resignation pursuant to this Section 8.2 shall be effective until the date as of which a successor Custodian shall be appointed in accordance with Section 8.6 and shall have agreed in writing to assume all of the Custodian's duties and obligations under this Custodial Agreement.
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Samples: Custodial Agreement (Principal Life Insurance Co), Custodial Agreement (Principal Financial Group Inc), Custodial Agreement (Principal Life Insurance Co)
Termination by Custodian. This Custodial Agreement may be terminated by the Custodian, at any time, and the Custodian may resign, upon 30 days' prior written notice to the Trustee, Trustee on behalf of each Trust and the Indenture Trustee; provided, however, that no termination or resignation pursuant to this Section 8.2 shall be effective until the date as of which a successor Custodian shall be appointed in accordance with Section 8.6 hereof and shall have agreed in writing to assume all of the Custodian's duties and obligations under this Custodial Agreement.
Appears in 2 contracts
Samples: Custodial Agreement (Ing Usa Annuity & Life Insurance Co), Custodial Agreement (Ing Usa Annuity & Life Insurance Co)
Termination by Custodian. This Custodial Agreement may be terminated by the Custodian, at any time, and the Custodian may resign, upon 30 days' ’ prior written notice to the Trustee, on behalf of each the Trust and the Indenture Trustee; provided, however, that no termination or resignation pursuant to this Section 8.2 shall be effective until the date as of which a successor Custodian shall be appointed in accordance with Section 8.6 and shall have agreed in writing to assume all of the Custodian's ’s duties and obligations under this Custodial Agreement.
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Termination by Custodian. This Custodial Agreement may be terminated by the Custodian, at any time, and the Custodian may resign, upon 30 days' ’ prior written notice to the Trustee, on behalf of each Trust and the Indenture Trustee; provided, however, that no termination or resignation pursuant to this Section 8.2 shall be effective until the date as of which a successor Custodian shall be appointed in accordance with Section 8.6 and shall have agreed in writing to assume all of the Custodian's ’s duties and obligations under this Custodial Agreement.
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