Appointment, Removal and Resignation of the Guarantee Trustee. (a) No resignation or removal of the Guarantee Trustee and no appointment of a Successor Guarantee Trustee pursuant to this Article shall become effective until the acceptance of appointment by the Successor Guarantee Trustee by written instrument executed by the Successor Guarantee Trustee and delivered to the Holders and the Guarantee Trustee.
Appears in 66 contracts
Samples: Guarantee Agreement (HMB Capital Trust III), Guarantee Agreement (Mountain National Bancshares Inc), Guarantee Agreement (CCF Holding Co)
Appointment, Removal and Resignation of the Guarantee Trustee. (a) No resignation or removal of the Guarantee Trustee and no appointment of a Successor Guarantee Trustee pursuant to this Article IV shall become effective until the acceptance of appointment by the Successor Guarantee Trustee by written instrument executed by the Successor Guarantee Trustee and delivered to the Holders and the Guarantee Trustee.
Appears in 17 contracts
Samples: Guarantee Agreement (American Safety Insurance Group LTD), Preferred Securities Guarantee Agreement (American Safety Insurance Group LTD), Guarantee Agreement (Sun Capital Trust Ii)
