Common use of Appointment, Removal and Resignation Clause in Contracts

Appointment, Removal and Resignation. of the Guarantee ----------------------------------------------------- Trustee. (a) Subject to Section 4.02(b), in the absence of the existence of an ------- Event of Default, the Guarantee Trustee may be appointed or removed without cause at any time by the Guarantor.

Appears in 2 contracts

Samples: Guarantee Agreement (Commonwealth Bankshares Inc), Guarantee Agreement (Commonwealth Bankshares Inc)

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Appointment, Removal and Resignation. of the Guarantee ----------------------------------------------------- Trustee. (a) Subject to Section 4.02(b4.2(b), in the absence of the existence of an ------- Event of Default, the Guarantee Trustee may be appointed ------- or removed without cause at any time by the Guarantor.

Appears in 1 contract

Samples: Guarantee Agreement (Eix Trust Iii)

Appointment, Removal and Resignation. of the Guarantee ----------------------------------------------------- Trustee. (a) Subject to Section 4.02(b), in the absence of the existence of an ------- Event of Default, 4.2(b) the Guarantee Trustee may be appointed ------- or removed without cause at any time by the Guarantor.

Appears in 1 contract

Samples: Guarantee Agreement (United Rentals Inc /De)

Appointment, Removal and Resignation. of the Guarantee ----------------------------------------------------- Trustee. (a) Subject to Section 4.02(b), in the absence of the existence of an ------- Event of Default, the Guarantee Trustee may be -------- appointed or removed without cause at any time by the Guarantor.

Appears in 1 contract

Samples: SJG Capital Trust

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Appointment, Removal and Resignation. of the Guarantee ----------------------------------------------------- Trustee. (a) Subject to Section 4.02(b), in the absence of the existence of an ------- -------- Event of Default, the Guarantee Trustee may be appointed or removed without cause at any time by the Guarantor.

Appears in 1 contract

Samples: Agreement (Central Fidelity Capital Trust I)

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