Common use of Resignation of Security Trustee Clause in Contracts

Resignation of Security Trustee. The Security Trustee may resign without cause and be discharged from the trusts created hereby by delivering notice thereof, by registered or certified mail postage prepaid to the Company and all holders of the Notes at the time outstanding. Such resignation shall take effect immediately upon the appointment of a successor Security Trustee as provided inSS.SS.8.8 and 8.9. .

Appears in 1 contract

Sources: Security Agreement (World Acceptance Corp)

Resignation of Security Trustee. The Security Trustee may resign without cause and be discharged from the trusts created hereby by delivering notice thereof, by registered or certified mail postage prepaid to the each Company and all holders of the Notes at the time outstanding. Such resignation shall take effect immediately upon the appointment of a successor Security Trustee as provided inSS.SS.8.8 in §§8.8 and 8.9. .

Appears in 1 contract

Sources: Security Agreement, Pledge and Indenture of Trust (World Acceptance Corp)

Resignation of Security Trustee. The Security Trustee may resign without cause and be discharged from the trusts created hereby by delivering notice thereof, by registered or certified mail postage prepaid to the Company and all holders of the Notes at the time outstanding. Such resignation shall take effect immediately upon the appointment of a successor Security Trustee as provided inSS.SS.8.8 in §§8.8 and 8.9. .

Appears in 1 contract

Sources: Security Agreement, Pledge and Indenture of Trust (World Acceptance Corp)