Common use of Removal of the Trustee Clause in Contracts

Removal of the Trustee. The Trustee may be removed at any time by an instrument or concurrent instruments in writing delivered to the Trustee signed by (i) the Issuer if no event of default has occurred and is continuing unremedied or unwaived; or (ii) the Requisite Bondholders.

Appears in 3 contracts

Samples: Trust Indenture, Trust Indenture, Trust Indenture

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Removal of the Trustee. The Trustee may be removed at any time by an instrument or concurrent instruments in writing delivered to the Trustee and to the Issuer and signed by (i) all the Issuer if no event of default has occurred and is continuing unremedied or unwaived; or (ii) the Requisite BondholdersExpenditure Agreement Owners.

Appears in 2 contracts

Samples: Trust Indenture, Trust Indenture

Removal of the Trustee. The Trustee may be removed at any time by an instrument or concurrent instruments in writing delivered to the Trustee and to the Issuer and signed by (i) all the Issuer if no event Bondholders. The fees and expenses of default has occurred and is continuing unremedied or unwaived; or (ii) the Requisite BondholdersTrustee shall be paid prior to the effectiveness of any removal.

Appears in 2 contracts

Samples: Trust Indenture, Trust Indenture

Removal of the Trustee. The Trustee may be removed at any time by an instrument or concurrent instruments in writing delivered to the Trustee and to the Issuer and signed by (i) all the Issuer if no event of default has occurred and is continuing unremedied or unwaived; or (ii) the Requisite Bondholders.

Appears in 2 contracts

Samples: Financing Agreement, Trust Indenture

Removal of the Trustee. The Trustee may be removed at any time time, by an instrument or concurrent instruments in writing delivered to the Trustee Trustee, to the Issuer and to the Borrower, and signed by (i) the Issuer if no event owners of default has occurred and is continuing unremedied or unwaived; a majority in aggregate principal amount of Bonds then outstanding, or (iiso long as no Event of Default is then existing under this Indenture) signed by the Requisite BondholdersBorrower and delivered to the Trustee and the Issuer, and such removal shall take effect upon the appointment of a successor Trustee pursuant to the provisions of Section 10.08 hereof and the acceptance by the successor Trustee of such appointment.

Appears in 2 contracts

Samples: Trust Indenture (First United Ethanol LLC), Trust Indenture (First United Ethanol LLC)

Removal of the Trustee. The Trustee may be removed at any time by an instrument or concurrent instruments in writing delivered to the Trustee Trustee, to the Issuer, the Letter of Credit Bank and to the Borrowers and signed by (i) or on behalf of the Issuer if no event holders of default a majority in aggregate principal amount of Bonds then outstanding; provided however, that the removal of the Trustee shall not be effective until a successor Trustee has occurred and is continuing unremedied or unwaived; or (ii) the Requisite Bondholdersbeen appointed pursuant to Section 5.08 hereof.

Appears in 1 contract

Samples: Lower Road Associates LLC

Removal of the Trustee. The Trustee may be removed at any time by an instrument or concurrent instruments in writing delivered to the Trustee and to the Issuer, the Company, the Guarantor, any Co-Paying Agent, any Co-Note Registrar and the Bank and signed by (i) the Issuer if no event Owners of default has occurred and is continuing unremedied or unwaived; or (ii) the Requisite Bondholdersa majority in aggregate principal amount of Outstanding Notes.

Appears in 1 contract

Samples: Plainwell Inc

Removal of the Trustee. The Trustee may be removed at any time time, by an instrument or concurrent instruments in writing delivered to the Trustee and to the Issuer, and signed by (i) the Issuer if no event owners of default has occurred and is continuing unremedied or unwaived; or (ii) the Requisite Bondholdersa majority in aggregate principal amount of Bonds then outstanding.

Appears in 1 contract

Samples: Lease Agreement (Conrad Industries Inc)

Removal of the Trustee. (a) The Trustee may be removed at any time by an instrument or document or concurrent instruments or documents in writing delivered to the Trustee Trustee, with copies thereof mailed to the Issuer, the Registrar and any Paying Agents, and signed by (i) by or on behalf of the Issuer if no event Holders of default has occurred and is continuing unremedied or unwaived; not less than a majority in aggregate principal amount of the Senior Bonds then outstanding, or (ii) as long as no Event of Default has occurred under the Requisite BondholdersIndenture, by the Issuer.

Appears in 1 contract

Samples: Wca Shiloh Landfill LLC

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Removal of the Trustee. The Trustee may be removed at any time time, by an instrument or concurrent instruments in writing delivered to the Trustee and to the Issuer, and signed by the holders of sixty-six and two-thirds percent (i66 2/3%) the Issuer if no event in aggregate principal amount of default has occurred and is continuing unremedied or unwaived; or (ii) the Requisite BondholdersBonds then outstanding.

Appears in 1 contract

Samples: Enron Corp/Or/

Removal of the Trustee. The Trustee may be removed at any time time, by an instrument or concurrent instruments in writing delivered to the Trustee Trustee, the Issuer, and the Company and signed by the owners of a majority in aggregate principal amount of Bonds then outstanding. In addition, the Trustee may be removed, upon written notice from the Issuer, at the direction of the Company (i) provided that the Issuer if no event of Company is not in default has occurred and is continuing unremedied or unwaived; or (ii) under the Requisite BondholdersAgreement), to the Trustee. Section 1008.

Appears in 1 contract

Samples: Intrepid Technology & Resources, Inc.

Removal of the Trustee. The Trustee may be removed at any time time, by an instrument or concurrent instruments in writing delivered to the Trustee Trustee, the Issuer, the Credit Bank and the Company and signed by (i) the Issuer if no event holders of default has occurred a majority in aggregate principal amount of Bonds then Outstanding; provided, however, that such removal shall not take effect prior to the appointment of a successor Trustee pursuant to the provisions of Section 8.9 of this Indenture and is continuing unremedied or unwaived; or (ii) acceptance by the Requisite Bondholderssuccessor Trustee of such trusts.

Appears in 1 contract

Samples: Enron Corp/Or/

Removal of the Trustee. The Trustee may be removed at any time time, by an instrument or concurrent instruments in writing delivered to the Trustee Trustee, the Issuer, and the Obligated Group and signed by (i) a Majority of Holders, subject to the Issuer if no event appointment of default has occurred a successor or temporary Trustee. The fees and is continuing unremedied or unwaived; or (ii) expenses of the Requisite BondholdersTrustee so removed will be upon satisfaction of its obligations under Section 10.09 paid in full.

Appears in 1 contract

Samples: Trust Indenture

Removal of the Trustee. The Trustee may be removed at any time time, by an instrument or concurrent instruments instrument in writing delivered to the Trustee Trustee, to the Issuer, and to the Company and signed by (i) or on behalf of the holder or holders of a majority in aggregate principal amount of Bonds then outstanding. Such removal shall not become effective until the appointment of a successor Trustee by the Bondholders or by the Issuer if no event and acceptance by the successor Trustee of default has occurred and is continuing unremedied or unwaived; or (ii) the Requisite Bondholderstrusts hereby created.

Appears in 1 contract

Samples: Trust Agreement (Sterigenics International)

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