Resignation of Representative Clause Samples
The Resignation of Representative clause outlines the process and requirements for a representative to formally step down from their position within an agreement or organization. Typically, this clause specifies the notice period that must be given, the method of delivering the resignation (such as written notice), and any obligations the representative must fulfill before their departure, like transferring responsibilities or returning company property. Its core function is to ensure a smooth transition and minimize disruption by providing a clear, standardized procedure for handling resignations.
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Resignation of Representative. A Representative may resign at any time by giving notice to the Company and all of the Holders of the Notes at least thirty (30) days before such resignation is to become effective. Upon the resignation of a Representative, a replacement shall be selected by the affirmative vote of Holders holding a majority of the Notes, measured by outstanding principal amount. If such Holders have not selected a replacement Representative within sixty (60) days following the effective date of the resignation, then Portal may, at any time, by giving notice to the Company and all of the Holders, designate a replacement Representative who shall not be related to or affiliated with Portal or the Company.
Resignation of Representative. Pan Asia shall cause its Representative to resign immediately upon the termination of this Agreement.
Resignation of Representative. A Representative may resign at any time by giving notice to the Company and all of the Holders of the Notes at least thirty (30) days before such resignation is to become effective. Upon the resignation of a Representative, a replacement shall be selected by the affirmative vote of Holders holding a majority of the Notes, measured by outstanding principal amount. If such Holders have not selected a replacement Representative within sixty (60) days following the effective date of the resignation, then Honeycomb may, at any time, by giving notice to the Company and all of the Holders, designate a replacement Representative who shall not be related to or affiliated with Honeycomb or the Company.
Resignation of Representative. In the event the Representative becomes unavailable or unwilling to continue as the representative of the Sellers, the Representative may resign and be discharged from the duties or obligations hereunder by giving a written and dated resignation sent concurrently to each of the Sellers and the Purchaser, specifying not less than thirty (30) days prior notice (the “Notice Period”) of the date when such resignation will take effect. In the event of such a resignation, the Sellers shall appoint a new representative, under substantially the same terms hereof, within the Notice Period.