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

Termination, Resignation or Removal of the Calculation Agent. The Calculation Agent may at any time terminate its appointment as Calculation Agent by giving written notice to the Company specifying the date on which its desired resignation shall become effective; provided, however, that such notice shall be given no less than sixty (60) days prior to said effective date unless the Calculation Agent and the Company otherwise agree in writing. The Company may terminate the appointment of the Calculation Agent at any time by giving written notice to the Calculation Agent and specifying the effective date of such termination which shall be at least thirty (30) days after the date of notice and shall not be less than fifteen (15) days prior to the next Interest Payment Date. No termination by either the Calculation Agent or the Company shall become effective prior to the date of the appointment by the Company of a successor Calculation Agent and the acceptance of such appointment by such successor Calculation Agent as provided in Section 13.07 hereof. 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 Company hereunder and to the reimbursement of all reasonable out-of-pocket expenses incurred in connection with the services rendered by it hereunder, as provided by Section 13.03 hereof. The provisions of Section 13.04 and Section 13.08 hereof shall remain in effect following termination by either party.

Appears in 2 contracts

Samples: Indenture (Symetra Financial CORP), Indenture (Symetra Financial CORP)

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Termination, Resignation or Removal of the Calculation Agent. The Calculation Agent may at any time terminate its appointment as Calculation Agent this Agreement by giving written notice to the Company Bank and the Issuing and Paying Agent specifying the date on which its the desired resignation shall become effectiveeffective (the "Effective Date"); provided, however, provided that such notice shall be given no not less than sixty (60) calendar days prior to said effective date the Effective Date unless the Calculation Agent Agent, the Bank and the Company Issuing and Paying Agent otherwise agree in writing. The Company Bank may terminate the appointment of the Calculation Agent this Agreement at any time by giving written notice to the Calculation Agent and specifying the effective date Effective Date of such termination which shall be at least thirty twenty (3020) days after the date of such notice and shall not be less than fifteen forty-five (1545) days prior to the next Interest Payment Date. No Notwithstanding the foregoing, no termination by either the Calculation Agent or the Company Bank shall become effective prior to the date of the appointment by the Company of a successor Calculation Agent and the acceptance of such appointment by such successor Calculation Agent as provided in Section 13.07 8 hereof. 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 Company Bank hereunder and to the reimbursement of all reasonable out-of-pocket expenses incurred in connection with the services rendered by it hereunder, as provided by Section 13.03 4 hereof. The provisions of Section 13.04 Sections 5, 9 and Section 13.08 13 hereof shall remain in full force and effect following termination by either party.

Appears in 1 contract

Samples: Interest Calculation Agreement (Union Planters Corp)

Termination, Resignation or Removal of the Calculation Agent. The Calculation Agent may at any time terminate its appointment as Calculation Agent this Agreement by giving written notice to the Company Bank and the Fiscal and Paying Agent specifying the date on which its the desired resignation shall become effectiveeffective (the “Effective Date”); provided, however, provided that such notice shall be given no not less than sixty (60) calendar days prior to said effective date the Effective Date unless the Calculation Agent Agent, the Bank and the Company Fiscal and Paying Agent otherwise agree in writing. The Company Bank may terminate the appointment of the Calculation Agent this Agreement at any time by giving written notice to the Calculation Agent and specifying the effective date Effective Date of such termination which shall be at least thirty twenty (3020) calendar days after the date of such notice and shall not be less than fifteen forty-five (1545) calendar days prior to the next Interest Payment Date. No Notwithstanding the foregoing, no termination by either the Calculation Agent or the Company Bank shall become effective prior to the date of the appointment by the Company of a successor Calculation Agent and the acceptance of such appointment by such successor Calculation Agent as provided in Section 13.07 8 hereof. 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 Company Bank hereunder and to the reimbursement of all reasonable out-of-pocket expenses incurred in connection with the services rendered by it hereunder, as provided by Section 13.03 4 hereof. The provisions of Section 13.04 Sections 5, 9 and Section 13.08 13 hereof shall remain in full force and effect following termination by either party.

Appears in 1 contract

Samples: Interest Calculation Agreement (First Horizon National Corp)

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Termination, Resignation or Removal of the Calculation Agent. The Calculation Agent may at any time terminate its appointment as Calculation Agent this Agreement by giving written notice to the Company Bank and the Fiscal and Paying Agent specifying the date on which its the desired resignation shall become effectiveeffective (the "Effective Date"); provided, however, provided that such notice shall be given no not less than sixty (60) calendar days prior to said effective date the Effective Date unless the Calculation Agent Agent, the Bank and the Company Fiscal and Paying Agent otherwise agree in writing. The Company Bank may terminate the appointment of the Calculation Agent this Agreement at any time by giving written notice to the Calculation Agent and specifying the effective date Effective Date of such termination which shall be at least thirty twenty (3020) calendar days after the date of such notice and shall not be less than fifteen forty-five (1545) calendar days prior to the next Interest Payment Date. No Notwithstanding the foregoing, no termination by either the Calculation Agent or the Company Bank shall become effective prior to the date of the appointment by the Company of a successor Calculation Agent and the acceptance of such appointment by such successor Calculation Agent as provided in Section 13.07 8 hereof. 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 Company Bank hereunder and to the reimbursement of all reasonable out-of-pocket expenses incurred in connection with the services rendered by it hereunder, as provided by Section 13.03 4 hereof. The provisions of Section 13.04 Sections 5, 9 and Section 13.08 13 hereof shall remain in full force and effect following termination by either party.

Appears in 1 contract

Samples: Fiscal and Paying Agency Agreement (Santander Holdings USA, Inc.)

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