Trustee Resignation. Trustee shall have the right, upon thirty (30) days prior written notice delivered to Funeral Establishment or its agent, to resign as trustee of Funeral Establishment’s Preneed Trust Fund.
Trustee Resignation. The Trustee may resign at any time by giving not less than 90 days written notice thereof to the Agent and with the consent of the Agent, which consent shall not be unreasonably withheld. Upon receiving such notice of resignation, the Agent shall promptly appoint a successor trustee or trustees by written instrument, in duplicate, executed by the Agent, one copy of which shall be delivered to the Trustee so resigning and one copy to the successor trustee or trustees, together with a copy to the Borrower, Servicer and Collateral Custodian. If no successor trustee shall have been appointed and an instrument of acceptance by a successor Trustee shall not have been delivered to the Trustee within 45 days after the giving of such notice of resignation, the resigning Trustee may petition any court of competent jurisdiction for the appointment of a successor Trustee. Notwithstanding anything herein to the contrary, the Trustee may not resign prior to a successor Trustee being appointed.
Trustee Resignation. The Trustee shall not resign ------------------- pursuant to Section 11.07 of the Agreement without written confirmation from each Rating Agency that such resignation will not result in the Rating Agency's reducing or withdrawing its rating on any Class of any then outstanding Series rated by it.
Trustee Resignation. Unless otherwise agreed to by both the Trustee and the Employer, a Trustee may resign at any time by delivering to the Employer, at least thirty (30) days before its effective date, a written notice of resignation.
Trustee Resignation i) The Trustee may resign by giving not less than ninety (90) days written notice thereof to the Beneficiary and to the Grantor. Such resignation shall become effective upon the acceptance of appointment by a successor Trustee and the transfer to such successor Trustee of all Assets in the Trust Account in accordance with this Agreement.
ii) Upon receipt of the Trustee's notice of resignation, the Grantor and the Beneficiary shall appoint a successor Trustee. Any successor Trustee shall be a bank that is a member of the Federal Reserve System and shall not be a Parent, a Subsidiary or an Affiliate of either the Grantor or the Beneficiary. Upon the acceptance of the appointment as Trustee hereunder by a successor Trustee and the transfer to such successor Trustee of all Assets in the Trust Account, the resignation of the Trustee shall become effective. Thereupon, such successor Trustee shall succeed to and become vested with all the rights, powers, privileges and duties of the resigning Trustee, and the resigning Trustee shall be discharged from any future duties and obligations under this Agreement, except as provided in Section 6(f) hereof.
iii) In the event of the Trustee's resignation, if an instrument of acceptance by a successor Trustee has not been delivered to Trustee within 60 days after the giving of notice of such resignation, Trustee may, at the expense of Grantor, petition any court of competent jurisdiction for the appointment of a successor Trustee under this Agreement or appoint a successor trustee meeting the qualifications hereunder.
iv) The Trustee must resign upon becoming a Parent, Subsidiary or Affiliate of the Grantor or the Beneficiary.
v) Notwithstanding Section 9(a) above, if the Trustee resigns because of the Grantor's failure to pay the annual fee as set forth in Section 7(a) of this Agreement, then it may do so by giving not less than sixty (60) days written notice to the Grantor and the Beneficiary, and may at the expense of Grantor, petition any court of competent jurisdiction for the appointment of a successor Trustee under this Agreement within 30 days after giving notice of such resignation or appoint a successor trustee meeting the qualifications hereunder.
Trustee Resignation. The Shareholder hereby resigns as a trustee of the Company effective upon the following events: (a) the purchase by Subsidiary of at least a majority of the outstanding Shares in the Offer and (b) receipt of notice by Parent indicating that it desires such resignation to be made effective.
Trustee Resignation. The Trustee has the right to resign as Trustee by giving written notice to the Grantor(s), if living, and to the Foundation. The Trustee is hereby expressly authorized to resign without filing any petition or accounting in any court or with any public official, and without obtaining any approval from any court or public official. However, a resignation that would create a vacancy in the office of Trustee shall become effective only upon written acceptance of the Fund by a successor Trustee. The Foundation shall have the power to appoint a successor Trustee clothed with all the powers of the original Trustee.
Trustee Resignation. 49 SECTION 13.
Trustee Resignation. (a) Any individual who is serving as a Trustee may resign at any time by written notice to Packaging, which shall be effective 30 days after receipt of such notice unless Packaging, Tenneco and the individual agree otherwise.
(b) Any individual who is serving as a Trustee may not be removed by Packaging or Tenneco.
(c) For purposes hereof, the death or incapacity of a Trustee shall be deemed an immediately effective resignation.
Trustee Resignation. Xxxxxx Xxx shall have resigned as Fund Trustee.
