Common use of Resignation of Voting Trustee Clause in Contracts

Resignation of Voting Trustee. The Voting Trustee may at ----------------------------- any time resign by delivering to (i) the owners of the Voting Trust Certificates and Pledged Shares and (ii) GE, his resignation in writing, to take effect not less than ten days after delivery. Such notice of resignation shall specify the time and manner of delivery of certificates representing Shares following the surrender and cancellation of the respective Voting Trust Certificates as described in Section 7(c) below. Promptly following the effectiveness of such resignation, the Voting Trustee shall transfer any property held by the Voting Trustee to the successor Voting Trustee.

Appears in 1 contract

Sources: Voting Trust Agreement (Ruud Alan J)

Resignation of Voting Trustee. The Voting Trustee may at ----------------------------- any time resign by delivering to (i) the owners of the Voting Trust Certificates and Pledged Shares and (ii) GE, his resignation in writing, to take effect not less than ten (10) days after delivery. Such notice of resignation shall specify the time and manner of delivery of certificates representing Shares following the surrender and cancellation of the respective Voting Trust Certificates as described in Section 7(c) below. Promptly following the effectiveness of such resignation, the Voting Trustee shall transfer any property held by the Voting Trustee to the successor Voting Trustee.

Appears in 1 contract

Sources: Voting Trust Agreement (Advanced Lighting Technologies Inc)