Common use of Replacement of Indenture Trustee Clause in Contracts

Replacement of Indenture Trustee. No resignation or removal of the Indenture Trustee and no appointment of a successor Indenture Trustee shall become effective until the acceptance of appointment by the successor Indenture Trustee pursuant to this Section. The Indenture Trustee may resign at any time by so notifying the Issuer. Noteholders representing a majority of the Outstanding Amount may remove the Indenture Trustee at any time (with thirty-one (31) days’ prior notice) and appoint a successor Indenture Trustee by so notifying the Indenture Trustee in writing. The Issuer shall remove the Indenture Trustee (with thirty-one (31) days’ prior notice) if:

Appears in 28 contracts

Samples: Indenture (Honda Auto Receivables 2023-4 Owner Trust), Indenture (Honda Auto Receivables 2023-4 Owner Trust), Indenture (Honda Auto Receivables 2023-2 Owner Trust)

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Replacement of Indenture Trustee. (a) No resignation or removal of the Indenture Trustee and no appointment of a successor Indenture Trustee shall become effective until the acceptance of appointment by the successor Indenture Trustee pursuant to this SectionSection 6.8. The Indenture Trustee may resign at any time with thirty (30) days’ prior written notice by so notifying the IssuerIssuer (with a copy to each Noteholder, each Hedge Counterparty and each Rating Agency). The Majority Noteholders representing a majority of the Outstanding Amount may remove the Indenture Trustee at any time with thirty (with thirty-one (3130) days’ prior notice) and appoint a successor Indenture Trustee written notice by so notifying the Indenture Trustee in writingTrustee, Diversified and the Hedge Counterparties and may appoint a successor Indenture Trustee. The Issuer shall remove the Indenture Trustee (with thirty-one (31) days’ prior notice) if:

Appears in 3 contracts

Samples: Indenture (Diversified Energy Co PLC), Indenture (Diversified Energy Co PLC), Indenture (Diversified Energy Co PLC)

Replacement of Indenture Trustee. No resignation or removal of the Indenture Trustee and no appointment of a successor Indenture Trustee shall become effective until the acceptance of appointment by the successor Indenture Trustee pursuant to this SectionSection 6.08. The Indenture Trustee may resign at any time by so notifying giving thirty (30) days written notice to Issuer and the IssuerRating Agencies. Noteholders The Holders of Notes representing a majority more than 66 2/3% of the Outstanding Amount of all Series may remove the Indenture Trustee at any time (with thirty-one (31) days’ prior notice) and appoint a successor Indenture Trustee by so notifying the Indenture Trustee in writingwriting and may appoint a successor Indenture Trustee. The Issuer shall remove the Indenture Trustee (with thirty-one (31) days’ prior notice) upon written notice if:

Appears in 3 contracts

Samples: Master Indenture (First National Funding LLC), Master Indenture (First National Funding LLC), Master Indenture (First National Master Note Trust)

Replacement of Indenture Trustee. No resignation or removal of the Indenture Trustee and no appointment of a successor Indenture Trustee shall become effective until the acceptance of appointment by the successor Indenture Trustee pursuant to this Section. The Indenture Trustee may resign at any time by so notifying the Issuer. Noteholders representing a majority of the Outstanding Amount may remove the Indenture Trustee at any time (with thirty-one (31) days’ prior notice) and appoint a successor Indenture Trustee by so notifying the Indenture Trustee in writingwriting with 31 days prior notice. The Issuer shall remove the Indenture Trustee (with thirty-one (31) days’ 31 days prior notice) notice if:

Appears in 2 contracts

Samples: Honda Auto Receivables 2015-4 Owner Trust, Honda Auto Receivables 2015-4 Owner Trust

Replacement of Indenture Trustee. No resignation or removal of the Indenture Trustee and no appointment of a successor Indenture Trustee shall become effective until the acceptance of appointment by the successor Indenture Trustee pursuant to this Section. The Indenture Trustee may resign at any time by so notifying giving 30 days written notice to the Issuer. Noteholders representing Holders of a majority of the Outstanding Amount of the Notes, upon delivery of notice of such removal to the Issuer, may remove the Indenture Trustee at any time (with thirty-one (31) days’ prior notice) and appoint a successor Indenture Trustee by so notifying the Indenture Trustee in writingand may appoint a successor Indenture Trustee. The Issuer shall remove the Indenture Trustee (with thirty-one (31) days’ prior notice) if:

Appears in 2 contracts

Samples: Note Purchase Agreement (Bon Ton Stores Inc), Master Indenture (Nordstrom Credit Inc)

Replacement of Indenture Trustee. No resignation or removal of the Indenture Trustee and no appointment of a successor Indenture Trustee shall become effective until the acceptance of appointment by the successor Indenture Trustee pursuant to this SectionSection 6.8. The Indenture Trustee may resign at any time with thirty (30) days’ prior written notice by so notifying the IssuerIssuer (with a copy to each Noteholder, each Hedge Counterparty and each Rating Agency). The Majority Noteholders representing a majority of the Outstanding Amount may remove the Indenture Trustee at any time with thirty (with thirty-one (3130) days’ prior notice) and appoint a successor Indenture Trustee written notice by so notifying the Indenture Trustee in writingTrustee, Diversified and the Hedge Counterparties and may appoint a successor Indenture Trustee. The Issuer shall remove the Indenture Trustee (with thirty-one (31) days’ prior notice) if:

Appears in 2 contracts

Samples: Diversified Energy Co PLC, Diversified Energy Co PLC

Replacement of Indenture Trustee. No resignation or removal of the Indenture Trustee and no appointment of a successor Indenture Trustee shall become effective until the acceptance of appointment by the successor Indenture Trustee pursuant to this Section. The Indenture Trustee may resign at any time by so notifying giving 30 days’ written notice to the Issuer. Noteholders representing Holders of a majority of the principal amount of the Outstanding Amount Notes, upon delivery of notice of such removal to the Issuer, may remove the Indenture Trustee at any time (with thirty-one (31) days’ prior notice) and appoint a successor Indenture Trustee by so notifying the Indenture Trustee in writingand may appoint a successor Indenture Trustee. The Issuer shall remove the Indenture Trustee (with thirty-one (31) days’ prior notice) if:

Appears in 1 contract

Samples: Master Indenture (Nordstrom Inc)

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Replacement of Indenture Trustee. No resignation or removal of the Indenture Trustee and no appointment of a successor Indenture Trustee shall become effective until the acceptance of appointment by the successor Indenture Trustee pursuant to this Section. The Indenture Trustee may resign at any time by so notifying giving 30 days' written notice to the Issuer. Noteholders representing Holders of a majority of the Outstanding Amount of the Notes, upon delivery of notice of such removal to the Issuer, may remove the Indenture Trustee at any time (with thirty-one (31) days’ prior notice) and appoint a successor Indenture Trustee by so notifying the Indenture Trustee in writingand may appoint a successor Indenture Trustee. The Issuer shall remove the Indenture Trustee (with thirty-one (31) days’ prior notice) if:

Appears in 1 contract

Samples: Master Indenture (Nordstrom Inc)

Replacement of Indenture Trustee. No resignation or removal of the Indenture Trustee and no appointment of a successor Indenture Trustee shall become effective until the acceptance of appointment by the successor Indenture Trustee pursuant to this Section. The Indenture Trustee may resign at any time upon 30 day prior notice by so notifying the Issuer, the Servicer and the Agent. Noteholders representing The Registered Owners of a majority of the Outstanding Amount may remove the Indenture Trustee at any time (with thirty-one (31) days’ prior notice) and appoint a successor Indenture Trustee by so notifying the Indenture Trustee in writingTrustee, the Issuer and the Servicer and may appoint a successor Indenture Trustee. The Issuer shall remove the Indenture Trustee (with thirty-one (31) days’ prior notice) if:

Appears in 1 contract

Samples: Indenture (Bluegreen Corp)

Replacement of Indenture Trustee. (a) No resignation or removal of the Indenture Trustee and no appointment of a successor Indenture Trustee shall become effective until the acceptance of appointment by the successor Indenture Trustee pursuant to this SectionSection 6.08. The Indenture Trustee may resign at any time by so notifying giving sixty (60) days prior written notice to the Issuer. The Required Noteholders representing a majority of the Outstanding Amount may Annex A remove the Indenture Trustee at and any time (with thirty-one (31) days’ prior notice) and appoint a successor Indenture Trustee or all of its agents by so notifying the Indenture Trustee in writingand may appoint a successor Indenture Trustee. The Issuer shall remove the Indenture Trustee by giving sixty (with thirty-one (3160) days’ days prior notice) written notice to the Indenture Trustee if:

Appears in 1 contract

Samples: Note Purchase Agreement (Conns Inc)

Replacement of Indenture Trustee. (a) No resignation or removal of the Indenture Trustee and no appointment of a successor Indenture Trustee shall become effective until the acceptance of appointment by the successor Indenture Trustee pursuant to this SectionSection 6.08. The Indenture Trustee or any of its agents may resign at any time by so notifying giving thirty (30) days prior written notice to the Issuer. Noteholders representing The Holders of a majority of the Outstanding Amount principal amount of the Notes may remove the Indenture Trustee at and any time (with thirty-one (31) days’ prior notice) and appoint a successor Indenture Trustee or all of its agents by so notifying the Indenture Trustee in writingand may appoint a successor Indenture Trustee. The Issuer shall remove the Indenture Trustee by giving thirty (with thirty-one (3130) days’ days prior notice) written notice to the Indenture Trustee if:

Appears in 1 contract

Samples: Master Indenture (Compucredit Corp)

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