Common use of The Depositor Not to Resign Clause in Contracts

The Depositor Not to Resign. Subject to the provisions of Section 8.02, the Depositor shall not resign from the obligations and duties hereby imposed on it except upon determination that the performance of its duties hereunder is no longer permissible under applicable law; provided, however, that the Depositor may assign or delegate its obligations to the Trustee or to a Person having a combined capital and surplus of at least $ . Any such determination permitting the resignation of the Depositor shall be evidenced by an Opinion of Counsel to such effect delivered to the Trustee. No such resignation shall become effective until the Trustee or a successor Person shall have assumed the responsibilities and obligations of the Depositor in accordance with Section 8.02.

The Depositor Not to Resign. Subject to the provisions of Section 8.029.02, the Depositor shall not resign from the obligations and duties hereby imposed on it except upon determination that the performance of its duties hereunder is no longer permissible under applicable law; provided, however, that the Depositor may assign or delegate its obligations to the Trustee or to a Person having a combined capital and surplus of at least $ . Any such determination permitting the resignation of the Depositor shall be evidenced by an Opinion of Counsel to such effect delivered to the Trustee. No such resignation shall become effective until the Trustee or a successor Person shall have assumed the responsibilities and obligations of the Depositor in accordance with Section 8.029.02.

The Depositor Not to Resign. Subject to the provisions of Section 8.029.02, the Depositor shall not resign from the obligations and duties hereby imposed on it except upon determination that the performance of its duties hereunder is no longer permissible under applicable law; provided, however, that the Depositor may assign or delegate its obligations to the Trustee Securities Administrator or to a Person having a combined capital and surplus of at least $ . Any such determination permitting the resignation of the Depositor shall be evidenced by an Opinion of Counsel to such effect delivered to the TrusteeSecurities Administrator. No such resignation shall become effective until the Trustee Securities Administrator or a successor Person shall have assumed the responsibilities and obligations of the Depositor in accordance with Section 8.029.02.