Common use of Resignation by Trustee Clause in Contracts

Resignation by Trustee. Trustee may resign at any time upon giving thirty (30) days' notice to Grantor and Beneficiary.

Appears in 10 contracts

Sources: Fee and Leasehold Deed of Trust, Assignment of Leases and Rents and Security Agreement (Apple Suites Inc), Fee and Leasehold Deed of Trust, Assignment of Leases and Rents and Security Agreement (Apple Suites Inc), Deed of Trust (Apple Suites Inc)

Resignation by Trustee. Trustee may resign at any time upon ---------------------- giving thirty (30) days' notice to Grantor and Beneficiary.

Appears in 2 contracts

Sources: Fee and Leasehold Deed of Trust, Assignment of Leases and Rents and Security Agreement (Apple Suites Inc), Fee and Leasehold Deed of Trust, Assignment of Leases and Rents and Security Agreement (Apple Suites Inc)

Resignation by Trustee. The Trustee may resign at any time upon resign from the trusts hereby created by giving thirty (30) days' ’ notice to Grantor and Beneficiarythe Authority, provided that such resignation shall not take effect until the appointment of a successor or temporary Trustee by the Bondholders, the Authority or a court of competent jurisdiction.

Appears in 1 contract

Sources: Master Agreement of Trust

Resignation by Trustee. Trustee may resign at any time upon giving thirty (30) days' ’ notice to Grantor and Beneficiary.

Appears in 1 contract

Sources: Leasehold Deed of Trust (Ashford Hospitality Prime, Inc.)