Common use of Replacement of Trustee or Collateral Agent Clause in Contracts

Replacement of Trustee or Collateral Agent. The Trustee or the Collateral Agent may resign at any time by so notifying the Issuer and the Guarantors in writing. The Holders of a majority in principal amount of the outstanding Notes may remove the Trustee or the Collateral Agent by notifying the Issuer and the removed Trustee or Collateral Agent, as applicable, in writing and may appoint a successor Trustee or successor Collateral Agent, as applicable, with the Issuer’s written consent, which consent shall not be unreasonably withheld. The Issuer may remove the Trustee or the Collateral Agent at its election if:

Replacement of Trustee or Collateral Agent. The Trustee or the Collateral Agent may resign at any time by so notifying the Issuer and the Guarantors in writingIssuer. The Holders of a majority in aggregate principal amount of the outstanding Notes may remove the Trustee or the Collateral Agent by so notifying the Issuer and the removed Trustee or Collateral Agent, as applicable, in writing and may appoint a successor Trustee or successor Collateral Agent, as applicable, with the Issuer’s written consent, which consent shall not be unreasonably withheld. The Issuer may shall remove the Trustee or the Collateral Agent at its election if:

Replacement of Trustee or Collateral Agent. The Trustee or the Collateral Agent may resign at any time by so notifying the Issuer and the Guarantors Issuers in writing. The Holders of a majority in principal amount of the outstanding Notes Securities may remove the Trustee or the Collateral Agent by so notifying the Issuer and the removed Trustee or Collateral Agent, as applicable, Agent in writing and may appoint a successor Trustee or successor Collateral AgentAgent with, so long as applicableno Default or Event of Default has occurred and is continuing, with the Issuer’s Issuers’ written consent, which consent shall will not be unreasonably withheld. The Issuer may Issuers shall remove the Trustee or the Collateral Agent at its election if: