Common use of Termination, Resignation or Removal of Calculation Agent Clause in Contracts

Termination, Resignation or Removal of Calculation Agent. The Calculation Agent may at any time terminate this Agreement by giving no less than 60 days’ written notice to the Bank unless the Bank consents in writing to a shorter time. Upon receipt of notice of termination by the Calculation Agent, the Bank agrees promptly to appoint a successor calculation agent. The Bank may terminate this Agreement at any time by giving written notice to the Calculation Agent and specifying the date when the termination shall become effective; provided, however, that no termination by the Calculation Agent or by the Bank shall become effective prior to the date of the appointment by the Bank, as provided in Section 9 hereof, of a successor calculation agent and the acceptance of such appointment by such successor calculation agent. Upon termination by either party pursuant to the provisions of this Section, the Calculation Agent shall be entitled to the payment of any compensation owed to it by the Bank hereunder and to the reimbursement of all reasonable expenses, disbursements and advances incurred or made by the Calculation Agent in connection with the services rendered by it hereunder, as provided by Section 4 hereof, and the provisions of Section 10 shall remain in effect following such termination.

Termination, Resignation or Removal of Calculation Agent. The Calculation Agent may at any time terminate this Agreement by giving no less than 60 days’ 90 days written notice to the Bank Company unless the Bank Company consents in writing to a shorter time. Upon receipt of notice of termination by the Calculation Agent, the Bank Company agrees promptly to appoint a successor calculation agentCalculation Agent. The Bank Company may terminate this Agreement at any time by giving written notice to the Calculation Agent and specifying the date when the termination shall become effective; provided. Notwithstanding the foregoing, however, that no termination by the Calculation Agent or by the Bank Company shall become effective prior to the date of the appointment by the BankCompany, as provided in Section 9 7 hereof, of a successor calculation agent Calculation Agent and the acceptance of such appointment by such successor calculation agentCalculation Agent. Upon termination by either party pursuant to the provisions of this Section, the Calculation Agent shall be entitled to the payment of any compensation owed to it by the Bank Company hereunder and to the reimbursement of all reasonable expenses, expenses and disbursements and advances incurred or made by the Calculation Agent in connection with the services rendered by it hereunder, as provided by Section 4 3 hereof, and the provisions of Section 10 8 hereof shall remain in effect following such termination.

Termination, Resignation or Removal of Calculation Agent. The Calculation Agent may at any time terminate this Agreement by giving no less than 60 90 days’ ' prior written notice to the Bank Issuer, unless the Bank Issuer consents in writing to a shorter time. Upon receipt of notice of termination by the Calculation Agent, the Bank Issuer agrees promptly to appoint a successor calculation agentCalculation Agent. The Bank may Issuer may, in its discretion, terminate this Agreement at any time by giving written notice to the Calculation Agent of such termination and specifying the date when the such termination shall become effective; provided, however, that no termination by the Calculation Agent or by the Bank Issuer shall become effective prior to the date of the appointment by the BankIssuer, as provided in Section 9 8 hereof, of a successor calculation agent Calculation Agent and the acceptance of such appointment by such successor calculation agentCalculation Agent. Upon termination by either party pursuant to the provisions of this Section, the Calculation Agent shall be entitled to the payment of any compensation owed to it by the Bank hereunder and to the reimbursement of all reasonable expenses, disbursements and advances incurred or made by the Calculation Agent in connection with the services rendered by it Issuer hereunder, as provided by Section 4 3 hereof, and the provisions of Section 10 9 shall remain in effect following such termination.