3.1 Obligations of Depository Agent

If a Depository Agent wishes to resign it shall:

3.1.1 give not less than three (3) months' written notice ("the resignation notice") to the Depository of its intention to resign and the effective date of resignation. The Depository may, at its discretion, vary or waive the three (3) months' notice;
3.1.2 pay all outstanding charges owing to the Depository as at the effective date of resignation;
3.1.3 fulfill all outstanding obligations to the Depository, including furnishing of an auditor's certificate or a banker's guarantee; and
3.1.4 until its resignation is effective, continue to comply with the Depository Agent Terms.