NEW TRUSTEE. (A) THE power to appoint a new trustee of these presents shall be vested in the Issuers jointly but no person shall be appointed who shall not previously have been approved by an Extraordinary Resolution. One or more persons may hold office as trustee or trustees of these presents but such trustee or trustees shall be or include a Trust Corporation. Whenever there shall be more than two trustees of these presents the majority of such trustees shall be competent to execute and exercise all the duties, powers, trusts, authorities and discretions vested in the Trustee by these presents provided that a Trust Corporation shall be included in such majority. Any appointment of a new trustee of these presents shall as soon as practicable thereafter be notified by the Issuers to the Agent and the Noteholders.
Appears in 3 contracts
Samples: Cadbury Public LTD Co, Cadbury Schweppes Public LTD Co, Cadbury Schweppes Public LTD Co
NEW TRUSTEE. (A) THE 22.1 The power to appoint a new trustee of these presents shall shall, subject as hereinafter provided, be vested in the Issuers jointly Issuer but no person shall be appointed who shall not previously have been approved by an Extraordinary Resolution. One or more persons may hold office as trustee or trustees of these presents but such trustee or trustees shall be or include a Trust Corporation. Whenever there shall be more than two trustees of these presents the majority of such trustees shall be competent to execute and exercise all the duties, powers, trusts, authorities and discretions vested in the Trustee by these presents provided that PROVIDED THAT a Trust Corporation shall be included in such majority. Any appointment of a new trustee of these presents shall as soon as practicable thereafter be notified by the Issuers Issuer to the Agent and the Noteholders.
Appears in 3 contracts
Samples: www.motabilityoperations.co.uk, www.motabilityoperations.co.uk, www.motabilityoperations.co.uk
NEW TRUSTEE. (A) THE 23.1 The power to appoint a new trustee of these presents shall shall, subject as hereinafter provided, be vested in the Issuers jointly Issuer but no person shall be appointed who shall not previously have been approved by an Extraordinary Resolution. One or more persons may hold office as trustee or trustees of these presents but such trustee or trustees shall be or include a Trust Corporation. Whenever there shall be more than two trustees of these presents the majority of such trustees shall be competent to execute and exercise all the duties, powers, trusts, authorities and discretions vested in the Trustee by these presents provided that a Trust Corporation shall be included in such majority. Any appointment of a new trustee of these presents shall as soon as practicable thereafter be notified by the Issuers Issuer to the Principal Paying Agent and the Noteholders.
Appears in 2 contracts
NEW TRUSTEE. (A) THE power to appoint a new trustee of these presents shall shall, subject as hereinafter provided, be vested in the Issuers jointly Issuer but no person shall be appointed who shall not previously have been approved by an Extraordinary Resolution. One or more persons may hold office as trustee or trustees of these presents but such trustee or trustees shall be or include a Trust Corporation. Whenever there shall be more than two trustees of these presents the majority of such trustees shall be competent to execute and exercise all the duties, powers, trusts, authorities and discretions vested in the Trustee by these presents provided that a Trust Corporation shall be included in such majority. Any appointment of a new trustee of these presents shall as soon as practicable thereafter be notified by the Issuers Issuer to the Agent and the Noteholders.
Appears in 2 contracts
Samples: Agency Agreement (Mbna Corp), Mbna Corp
NEW TRUSTEE. (A) THE power to appoint a new trustee of these presents shall be vested in the Issuers jointly but no person shall be appointed who shall not previously have been approved by an Extraordinary Resolution. One or more persons may hold office as trustee or trustees of these presents but such trustee or trustees shall be or include a Trust Corporation. Whenever there shall be more than two trustees of these presents the majority of such trustees shall be competent to execute and exercise all the duties, powers, trusts, authorities and discretions vested in the Trustee by these presents provided that a Trust Corporation shall be included in such majority. Any appointment of a new trustee of these presents shall as soon as practicable thereafter be notified by the Issuers relevant Issuer to the Agent Principal Paying Agent, the Registrar and in accordance with Condition 14 the Noteholders.
Appears in 2 contracts
Samples: Seventh Supplemental Trust (Portugal Telecom SGPS Sa), Portugal Telecom SGPS Sa
NEW TRUSTEE. (A) THE The power to appoint a new trustee of these presents shall shall, subject as hereinafter provided, be vested in the Issuers jointly Issuer but no person shall be appointed who shall not previously have been approved by an Extraordinary Resolution. One or more persons may hold office as trustee or trustees of these presents but such trustee or trustees shall be or include a Trust Corporation. Whenever there shall be more than two trustees of these presents the majority of such trustees shall be competent to execute and exercise all the duties, powers, trusts, authorities and discretions vested in the Trustee by these presents provided that a Trust Corporation shall be included in such majority. Any appointment of a new trustee of these presents shall as soon as practicable thereafter be notified by the Issuers Issuer to the Principal Paying Agent and the Noteholders.
Appears in 2 contracts
Samples: Luxottica Group Spa, Luxottica Group Spa
NEW TRUSTEE. (A) THE The power to appoint a new trustee of these presents shall be vested in the Issuers jointly Issuer but no person shall be appointed who shall not previously have been approved by an Extraordinary Resolution. One or more persons may hold office as trustee or trustees of these presents but such trustee or trustees shall be or include a Trust Corporation. Whenever there shall be more than two trustees of these presents the majority of such trustees shall be competent to execute and exercise all the duties, powers, trusts, authorities and discretions vested in the Trustee by these presents provided that a Trust Corporation shall be included in such majority. Any appointment of a new trustee of these presents shall as soon as practicable thereafter be notified by the Issuers Issuer to the Agent Issue and Paying Agent, the Registrar and the NoteholdersHolders.
Appears in 2 contracts
Samples: www.mandgplc.com, www.mandgplc.com
NEW TRUSTEE. (A) THE power to appoint a new trustee of these presents shall be vested in the Issuers jointly Issuer but no person shall be appointed who shall not previously have been approved by an Extraordinary Resolution. One or more persons may hold office as trustee or trustees of these presents but such trustee or trustees shall be or include a Trust Corporation. Whenever there shall be more than two trustees of these presents the majority of such trustees shall be competent to execute and exercise all the duties, powers, trusts, authorities and discretions vested in the Trustee by these presents provided that a Trust Corporation shall be included in such majority. Any appointment of a new trustee of these presents shall as soon as practicable thereafter be notified by the Issuers Issuer to the Agent Principal Paying Agent, the Registrar, the Transfer Agents and the NoteholdersHolders.
Appears in 1 contract
Samples: PPL Electric Utilities Corp
NEW TRUSTEE. (A) THE The power to appoint a new trustee of these presents shall be vested in the Issuers jointly Issuer but no person shall be appointed who shall not previously have been approved by an Extraordinary Resolution. One or more persons may hold office as trustee or trustees of these presents but such trustee or trustees shall be or include a Trust Corporation. Whenever there shall be more than two trustees of these presents presents, the majority of such trustees shall be competent to execute and exercise all the duties, powers, trusts, authorities and discretions vested in the Trustee by these presents presents, provided that a Trust Corporation shall be included in such majority. Any appointment of a new trustee of these presents shall as soon as practicable thereafter be notified by the Issuers Issuer to the Agent and the Noteholders.
Appears in 1 contract
NEW TRUSTEE. (A) THE The power to appoint a new trustee of these presents shall be vested in the Issuers jointly Issuer but no person shall be appointed who shall not previously have been approved by an Extraordinary Resolution. One or more persons may hold office as trustee or trustees of these presents but such trustee or trustees shall be or include a Trust Corporation. Whenever there shall be more than two trustees of these presents the majority of such trustees shall be competent to execute and exercise all the duties, powers, trusts, authorities and discretions vested in the Trustee by these presents provided that a Trust Corporation shall be included in such majority. Any appointment of a new trustee of these presents shall as soon as practicable thereafter be notified by the Issuers Issuer to the Issuing and Paying Agent and and, in accordance with Condition 16, the Noteholders.
Appears in 1 contract
Samples: Agreement (Texas Utilities Co /Tx/)
NEW TRUSTEE. (A) THE power to appoint a new trustee of these presents shall be vested in the Issuers jointly Issuer but no person shall be appointed who shall not previously have been approved by an Extraordinary Resolution. One or more persons may hold office as trustee or trustees of these presents but such trustee or trustees shall be or include a Trust Corporation. Whenever there shall be more than two trustees of these presents the majority of such trustees shall be competent to execute and exercise all the duties, powers, trusts, authorities and discretions vested in the Trustee by these presents provided that a Trust Corporation shall be included in such majority. Any appointment of a new trustee of these presents shall as soon as practicable thereafter be notified by the Issuers Issuer to the Agent and the Noteholders.. SEPARATE AND CO-TRUSTEES
Appears in 1 contract
Samples: Fourth Supplemental Trust (Countrywide Credit Industries Inc)
NEW TRUSTEE. (A) THE power to appoint a new trustee of these presents shall be vested in the Issuers jointly Issuer but no person shall be appointed who shall not previously have been approved by an Extraordinary Resolution. One or more persons may hold office as trustee or trustees of these presents but such trustee or trustees shall be or include a Trust Corporation. Whenever there shall be more than two trustees of these presents the majority of such trustees shall be competent to execute and exercise all the duties, powers, trusts, authorities and discretions vested in the Trustee by these presents provided that a Trust Corporation shall be included in such majority. Any appointment of a new trustee of these presents shall as soon as practicable thereafter be notified by the Issuers Issuer to the Agent Principal Paying Agent, the Registrar, the Transfer Agents and the Noteholders.Holders. Back to Contents
Appears in 1 contract
Samples: Registrar (United Utilities PLC)
NEW TRUSTEE. (A) THE The power to appoint a new trustee of these presents shall be vested in the Issuers jointly but no person shall be appointed who shall not previously have been approved by an Extraordinary Resolution. One or more persons may hold office as trustee or trustees of these presents but such trustee or trustees shall be or include a Trust Corporation. Whenever there shall be more than two trustees of these presents the majority of such trustees shall be competent to execute and exercise all the duties, powers, trusts, authorities and discretions vested in the Trustee by these presents provided that a Trust Corporation shall be included in such majority. Any appointment of a new trustee of these presents shall as soon as practicable thereafter be notified by the Issuers to the Agent Issue and Paying Agent, the Registrar and the Noteholders.Holders.β
Appears in 1 contract
Samples: Dealership Agreement
NEW TRUSTEE. (A) THE power to appoint a new trustee of these presents shall be vested jointly in the Issuers jointly but no person shall be appointed who shall not previously have been approved by an Extraordinary Resolution. One or more persons may hold office as trustee or trustees of these presents but such trustee or trustees shall be or include a Trust Corporation. Whenever there shall be more than two trustees of these presents the majority of such trustees shall be competent to execute and exercise all the duties, powers, trusts, authorities and discretions vested in the Trustee by these presents provided that a Trust Corporation shall be included in ins such majority. Any appointment of a new trustee of these presents shall as soon as practicable thereafter be notified by the Issuers to the Agent Agent, the Registrar and the Noteholders.. 40 SEPARATE AND CO-TRUSTEES
Appears in 1 contract
Samples: Ibm Credit Corp
NEW TRUSTEE. (A) THE power to appoint a new trustee of these presents shall be vested in the Issuers and Telecom Italia jointly but no person shall be appointed who shall not previously have been approved by an Extraordinary Resolution. One or more persons may hold office as trustee or trustees of these presents but such trustee or trustees shall be or include a Trust Corporation. Whenever there shall be more than two trustees of these presents the majority of such trustees shall be competent to execute and exercise all the duties, powers, trusts, authorities and discretions vested in the Trustee by these presents provided that a Trust Corporation shall be included in such majority. Any appointment of a new trustee of these presents shall as soon as practicable thereafter be notified by the Issuers to the Agent and the Noteholders.
Appears in 1 contract
Samples: Trust (Telecom Italia S P A)
NEW TRUSTEE. (A) THE power to appoint a new trustee of these presents shall be vested in the Issuers jointly but no person shall be appointed who shall not previously have been approved by an Extraordinary Resolution. One or more persons may hold office as trustee or trustees of these presents but such trustee or trustees shall be or include a Trust Corporation. Whenever there shall be more than two trustees of these presents the majority of such trustees shall be competent to execute and exercise all the duties, powers, trusts, authorities and discretions vested in the Trustee by these presents provided that a Trust Corporation shall be included in such majority. Any appointment of a new trustee of these presents shall as soon as practicable thereafter be notified by the Issuers to the Principal Paying Agent and and, in accordance with Condition 14, the Noteholders.. Separate and Co-Trustees
Appears in 1 contract
Samples: United Utilities PLC
NEW TRUSTEE. (A) THE power to appoint a new trustee of these presents shall be vested in the Issuers jointly but no person shall be appointed who shall not previously have been approved by an Extraordinary Resolution. One or more persons may hold office as trustee or trustees of these presents but such trustee or trustees shall be or include a Trust Corporation. Whenever there shall be more than two trustees of these presents the majority of such trustees shall be Back to Contents competent to execute and exercise all the duties, powers, trusts, authorities and discretions vested in the Trustee by these presents provided that a Trust Corporation shall be included in such majority. Any appointment of a new trustee of these presents shall as soon as practicable thereafter be notified by the Issuers to the Agent and the Noteholders.
Appears in 1 contract
Samples: Cadbury Schweppes Public LTD Co
NEW TRUSTEE. (A) THE 22.1 The power to appoint a new trustee of these presents shall shall, subject as hereinafter provided, be vested in the Issuers jointly Issuer but no person shall be appointed who shall not previously have been approved by an Extraordinary ResolutionResolutions of the Bondholders. One or more persons may hold office as trustee or trustees of these presents but such trustee or trustees shall be or include a Trust Corporation. Whenever there shall be more than two trustees of these presents the majority of such trustees shall be competent to execute and exercise all the duties, powers, trusts, authorities and discretions vested in the Trustee by these presents provided that a Trust Corporation shall be included in such majority. Any appointment of a new trustee of these presents shall as soon as practicable thereafter be notified by the Issuers Issuer to the Agent Principal Paying Agent, and the NoteholdersBondholders in accordance with the Conditions.
Appears in 1 contract
Samples: Shaw Group Inc
NEW TRUSTEE. (A) THE 22.1 The power to appoint a new trustee of these presents shall shall, subject as hereinafter provided, be vested in the Issuers jointly Issuer but no person shall be appointed who shall not previously have been approved by an Extraordinary Resolution. One or more persons may hold office as trustee or trustees of these presents but such trustee or trustees shall be or include a Trust Corporation. Whenever there shall be more than two trustees of these presents the majority of such trustees shall be competent to execute and exercise all the duties, powers, trusts, authorities and discretions vested in the Trustee by these presents provided that a Trust Corporation shall be included in such majority. Any appointment of a new trustee of these presents shall as soon as practicable thereafter be notified by the Issuers Issuer to the Agent Principal Paying, Transfer and Conversion Agent, the Registrar and the NoteholdersBondholders.
Appears in 1 contract
Samples: www.gruppotim.it
NEW TRUSTEE. (A) THE power to appoint a new trustee of these presents shall be vested in the Issuers jointly Issuer but no person shall be appointed who shall not previously have been approved by an Extraordinary Resolution. One or more persons may hold office as trustee or trustees of these presents but such trustee or trustees shall be or include a Trust Corporation. Whenever there shall be more than two trustees of these presents the majority of such trustees shall be competent to execute and exercise all the duties, powers, trusts, authorities and discretions vested in the Trustee by these presents provided that a Trust Corporation shall be included in such majority. Any appointment of a new trustee of these presents shall as soon as practicable thereafter be notified by the Issuers Issuer to the Agent Principal Paying Agent, the Registrar and in accordance with Condition 14 the Noteholders.
Appears in 1 contract
Samples: Portugal Telecom SGPS Sa
NEW TRUSTEE. (A) THE power to appoint a new trustee of these presents shall be vested in the Issuers jointly but no person shall be appointed who shall not previously have been approved by an Extraordinary Resolution. One or more persons may hold office as trustee or trustees of these presents but such trustee or trustees shall be or include a Trust Corporation. Whenever there shall be more than two trustees of these presents the majority of such trustees shall be competent to execute and exercise all the duties, powers, trusts, authorities and discretions vested in the Trustee by these presents provided that a Trust Corporation shall be included in such majority. Any appointment of a new trustee of these presents shall as soon as practicable thereafter be notified by the Issuers Table of Contents relevant Issuer to the Agent Principal Paying Agent, the Registrar and in accordance with Condition 14 the Noteholders.. SEPARATE AND CO-TRUSTEES
Appears in 1 contract
Samples: PT Portugal, SGPS, S.A.
NEW TRUSTEE. (A) THE power to appoint a new trustee of these presents shall be vested in the Issuers jointly Issuer but no person shall be appointed who shall not previously have been approved by an Extraordinary Resolution. One or more persons may hold office as trustee or trustees of these presents but such trustee or trustees shall be or include a Trust Corporation. Whenever there shall be more than two trustees of these presents the majority of such trustees shall be competent to execute and exercise all the duties, powers, trusts, authorities and discretions vested in the Trustee by these presents provided that a Trust Corporation shall be included in such majority. Any appointment of a new trustee of these presents shall as soon as practicable thereafter be notified by the Issuers Issuer to the Agent and the Noteholders.
Appears in 1 contract
NEW TRUSTEE. (A) THE 22.1 The power to appoint a new trustee of these presents shall be vested in the Issuers jointly but no person shall be appointed who shall not previously have been approved by an Extraordinary Resolution. One or more persons may hold office as trustee or trustees of these presents but such trustee or trustees shall be or include a Trust Corporation. Whenever there shall be more than two trustees of these presents the majority of such trustees shall be competent to execute and exercise all the duties, powers, trusts, authorities and discretions vested in the Trustee by these presents provided that a Trust Corporation shall be included in such majority. Any appointment of a new trustee of these presents shall as soon as practicable thereafter be notified by the Issuers to the Agent and and, in accordance with Condition 14, the Noteholders.
Appears in 1 contract
Samples: www.severntrent.com
NEW TRUSTEE. (A) THE The power to appoint a new trustee of these presents shall be vested in the Issuers jointly Issuer solely but no person shall be appointed who shall not previously have been approved by an Extraordinary Resolution. One or more persons may hold office as trustee or trustees of these presents but such trustee or trustees shall be or include a Trust Corporation. Whenever there shall be more than two trustees of these presents the majority of such trustees shall be competent to execute and exercise all the duties, powers, trusts, authorities and discretions vested in the Trustee by these presents provided that a Trust Corporation shall be included in such majority. Any appointment of a new trustee of these presents shall as soon as practicable thereafter be notified by the Issuers Issuer to the Principal Paying Agent and the Noteholders.
Appears in 1 contract
Samples: www.gruppotim.it
