Common use of Removal of Trustee Clause in Contracts

Removal of Trustee. The Trustee may be removed by the Manager at any time by notice to the Trustee and the Unitholders not less than 90 days prior to the date that such removal is to take effect; provided a successor trustee is appointed or the Trust is terminated and dissolved in accordance with Article 21 hereof.

Appears in 8 contracts

Samples: Trust Agreement (Sprott Physical Platinum & Palladium Trust), Trust Agreement (Sprott Physical Gold Trust), Trust Agreement (Sprott Physical Gold Trust)

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Removal of Trustee. The Trustee may be removed by the Manager at any time by notice to the Trustee and the Unitholders not less than 90 days prior to the date that such removal is to take effect; effect provided a successor trustee is appointed or the Trust is Funds are terminated and dissolved in accordance with Article 21 hereof20.

Appears in 7 contracts

Samples: Master Trust Agreement, Master Trust Agreement, Master Trust Agreement

Removal of Trustee. The Company may remove any Trustee may be removed by the Manager at any time by notice in writing forwarded to such Trustee by registered mail or delivered to such Trustee. Such removal will be effective at the expiration of thirty days from the date of mailing or the date of delivery, as the case may be, or upon such other date as may be mutually agreed upon. In the case of any such removal, the Company will give notice thereof to the remaining Trustee and the Unitholders not less than 90 days prior to the date that such removal is to take effect; provided a successor trustee is appointed or the Trust is terminated and dissolved in accordance with Article 21 hereofTrustees, if any.

Appears in 2 contracts

Samples: Employee Stock Ownership Plan (Starrett L S Co), Stock Ownership Plan (Starrett L S Co)

Removal of Trustee. The Trustee may be removed at any time, with or without cause by the Manager at any time Company, and an individual or individuals and/or bank or trust company may be appointed by notice to the Company as successor Trustee. If the Trustee resigns or is removed or otherwise ceases to serve as Trustee hereunder and the Unitholders not less than 90 days prior Company fails to the date that such removal is to take effect; provided select a successor trustee is appointed or Trustee within fifteen days thereafter, any interested party (including the Trust is terminated and dissolved in accordance with Article 21 hereofpredecessor Trustee) may petition a court of competent jurisdiction for the appointment of a successor Trustee.

Appears in 2 contracts

Samples: Voting Trust Agreement (Citigroup Inc), Voting Trust Agreement (Citigroup Inc)

Removal of Trustee. The Trustee may be removed by the Manager at any time by notice to the Trustee and the Unitholders not less than 90 days prior to the date that such removal is to take effect; provided a successor trustee is appointed or the Trust is terminated and dissolved in accordance with Article 21 22 hereof.

Appears in 2 contracts

Samples: Trust Agreement (Sprott Physical Gold & Silver Trust), Arrangement Agreement (Central Fund of Canada LTD)

Removal of Trustee. The Trustee may be removed by the Manager at any time by notice to the Trustee and the to Unitholders not less than 90 sixty (60) days prior to the date that such removal is to take effect; provided a successor trustee is appointed or the Trust is Funds are terminated and dissolved in accordance with Article 21 hereofARTICLE 21.

Appears in 2 contracts

Samples: Master Trust Agreement, Master Trust Agreement

Removal of Trustee. The Trustee may be removed by the Manager Company at any time time, pursuant to a written instrument executed by notice to the Plan Administrator removing the Trustee and the Unitholders not less than 90 days prior to the date that such removal is to take effect; provided appointing a successor trustee is appointed or trustee. Such removal shall become effective sixty (60) days after receipt by the Trust is terminated and dissolved in accordance with Article 21 hereofTrustee of such resolution, unless the Trustee shall agree to an earlier effective date.

Appears in 1 contract

Samples: Trust Agreement (Dell Computer Corp)

Removal of Trustee. The Board of Directors of the Company may remove the Trustee may be removed by the Manager at any time by notice delivering to the Trustee a written notice of its removal and the Unitholders not less than 90 days an appointment of a successor under Section 6.3. No removal shall take effect prior to 60 days after the date that such removal is delivery of the notice unless the Trustee agrees to take effect; provided a successor trustee is appointed or the Trust is terminated and dissolved in accordance with Article 21 hereofan earlier effective date.

Appears in 1 contract

Samples: Trust Agreement (Andersen Group Inc)

Removal of Trustee. The Trustee may be removed at any time, with or without cause by the Manager at any time Company, and an individual or individuals and/or bank or trust company may be appointed by notice to the Company as successor Trustee. If the Trustee resigns or is removed or otherwise ceases to serve as Trustee hereunder and the Unitholders not less than 90 days prior Company fails to the date that such removal is to take effect; provided select a successor trustee is appointed or Trustee within 15 business days thereafter, any interested party (including the Trust is terminated and dissolved in accordance with Article 21 hereofpredecessor Trustee) may petition a court of competent jurisdiction for the appointment of a successor Trustee.

Appears in 1 contract

Samples: Voting Trust Agreement (Midwest Banc Holdings Inc)

Removal of Trustee. The Trustee may be removed by the Manager at any time by the Corporation. No such removal shall take effect until thirty (30) days from the date that a written notice was delivered to the Trustee unless prior thereto a successor Trustee shall have been appointed and accepted and the Unitholders not less than 90 days prior Trustee consents to the date that such removal is to take effect; provided a successor trustee is appointed or the Trust is terminated and dissolved in accordance with Article 21 hereofearlier date.

Appears in 1 contract

Samples: Deferred Compensation Agreement (Stewart Information Services Corp)

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Removal of Trustee. The Trustee may be removed by the Manager at any time by notice to the Trustee and the Unitholders not less than 90 days prior to the date that such removal is to take effect; provided a successor trustee is appointed or the Trust is terminated and dissolved in accordance with Article 21 hereof.

Appears in 1 contract

Samples: Trust Agreement (Sprott Physical Gold Trust)

Removal of Trustee. The Trustee may be removed by the Manager Company at any time by notice prior to a Change in Control, pursuant to a resolution of the Board of Directors of the Company removing the Trustee and appointing a successor trustee, upon delivery to the Trustee and of a certified copy of such resolution. Such removal shall become effective sixty (60) days' after receipt by the Unitholders Trustee of such resolution, unless the Trustee shall agree to an earlier effective date. Following a Change in Control, the Trustee may not less than 90 days prior to the date that such removal is to take effect; provided a successor trustee is appointed or the Trust is terminated and dissolved in accordance with Article 21 hereofbe removed.

Appears in 1 contract

Samples: Grantor Trust Agreement (Alumax Inc)

Removal of Trustee. The Trustee may be removed by the Manager (i) at any time by written notice of removal from the Government, with the written approval of the Lessee or (ii) at any time except during the continuance of an Event of Default, by written notice of removal from the Lessee, with the written approval of the Government. Any removal of the Trustee shall become effective only upon the appointment of a successor Trustee pursuant to the provisions of Section 5.06 and delivery by the successor Trustee and the Unitholders not less than 90 days prior of an instrument of acceptance of such appointment to the date that such removal is to take effect; provided a successor trustee is appointed or the Trust is terminated Lessee and dissolved in accordance with Article 21 hereofGovernment.

Appears in 1 contract

Samples: Trust Agreement

Removal of Trustee. The Company, by action of its Board of Directors, may remove the Trustee may be removed by the Manager at any time by upon 90 days' valid written notice to the Trustee and the Unitholders not less than 90 days prior Trustee, or upon shorter notice if acceptable to the date that such removal Trustee. In the event the Trustee resigns or is removed, the Trustee shall have a right to take effect; have its accounts settled as provided a successor trustee is appointed or the Trust is terminated and dissolved in accordance with Article 21 Section 4.1 hereof. Section 7.3.

Appears in 1 contract

Samples: Trust Agreement (Nova Pharmaceutical Inc)

Removal of Trustee. The Trustee may be removed at any time, for or without cause, by an instrument or instruments in writing executed by the Manager at any time by notice Required Holders and delivered to the Trustee with a copy to the Company, specifying the removal and the Unitholders not less than 90 days prior to the date that when it shall take effect and such removal is to take effect; provided a successor trustee is appointed or shall be effective upon such date and the Trust is terminated Trustee's duties and dissolved obligations hereunder shall thereupon cease except as specified in accordance with Article 21 section 7.11 hereof.

Appears in 1 contract

Samples: Trust Indenture (Ramsay Health Care Inc)

Removal of Trustee. The Trustee may be removed by the Manager Company at any time by notice prior to a Change of Control, pursuant to a resolution of the Board of Directors of the Company removing the Trustee and appointing a successor trustee, upon delivery to the Trustee and of a certified copy of such resolution. Such removal shall become effective sixty (60) days after receipt by the Unitholders Trustee of such resolution, unless the Trustee shall agree to an earlier effective date. Following a Change of Control, the Trustee may not less than 90 days prior to the date that such removal is to take effect; provided a successor trustee is appointed or the Trust is terminated and dissolved in accordance with Article 21 hereofbe removed.

Appears in 1 contract

Samples: Trust Agreement (Avon Products Inc)

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