Replacement of Trustees. (a) The Trustees may resign at any time by giving 30 days’ prior notice of such resignation to the Company and be discharged from the trust hereby created by so notifying the Company. The Holders of a majority in aggregate principal amount of the outstanding Notes may remove a Trustee by so notifying such Trustee and the Company 30 days prior in writing. The Company shall remove a Trustee if:
Replacement of Trustees. (a) Subject to Section 6.6(b), Trustees may be appointed or removed without cause at any time:
Replacement of Trustees. (a) (1) A Trustee may resign at any time by written notice to the Corporation.
Replacement of Trustees. A Trustee may resign and become and remain fully discharged from all further duty or responsibility hereunder upon giving thirty (30) days’ notice in writing to the remaining Trustees and to the party by whom he was appointed, or such shorter notice as the remaining Trustees may accept as sufficient, in which notice there shall be stated a date on which such resignation shall take effect; and such resignation shall take effect on the date specified in the notice unless a successor Trustee shall have been appointed at an earlier date, in which event such resignation shall take effect immediately upon the appointment of such successor Trustee. In the event of the termination of the designation of any Trustee, or in the event of the resignation, death, incapacity or the unwillingness of any of the Trustees to serve, NEII shall designate the successor of any Employer Trustee and shall notify the remaining Trustees and the Union thereof, and the Union shall designate the successor of any Union Trustee and shall notify the remaining Trustees and NEII thereof. Any successor Trustee designated as herein provided shall comply with Par. 2 of this Article and, without further act, become vested with all the rights, powers, discretion and duties of his predecessor Trustee with like effect as if originally designated as a Trustee herein. Any retiring or terminated Trustee shall forthwith turn over to the remaining Trustees at the office of the National Elevator Industry Educational Program any and all records, books, documents, monies and other property in his possession which are a part of the National Elevator Industry Educational Program or incident to the fulfillment of the Trustee’s duties and responsibilities under this Trust Agreement. The powers of the Trustees to act as above provided shall not be impaired or limited in any way, pending the designation of a successor Trustee to fill any vacancy.
Replacement of Trustees. The County may remove and replace any Trustee at any time and from time to time with a written notice to such Trustee of removal and replacement. Except where necessary to protect the rights and VLOSAP Benefits of the Program Participants and Beneficiaries, the County shall give 60 days written notice of removal and replacement to any Trustee.
Replacement of Trustees. Subject to this Section 11.5, any Trustee or U.S. Trustee for the time being of this Trust Deed may retire at any time upon giving not less than two calendar months’ notice in writing to the Issuer without assigning any reason therefor and without being responsible for any costs occasioned by such retirement. The holders of a majority in aggregate principal amount of the Bonds then Outstanding may remove the Trustee or the U.S. Trustee by notifying the Trustee or the U.S. Trustee, as the case may be, in writing.
Replacement of Trustees. (a) The Producers may, solely with the prior written consent of the Majority Lenders, appoint any Approved Institution as successor trustee under the Trust Agreement. The Producers shall, if any of the circumstances set forth in Section 1.8(b) hereof shall have occurred and be continuing and if requested by the Majority Lenders, (1) appoint one of the institutions referred to in clause (ii) of the definition of Approved Institutions, if any of the circumstances set forth in Sections 1.8(b)(i), (ii) and (iii)(3) hereof shall have occurred and, (2) with respect to any other circumstance referred to in Section 1.8(b) hereof, appoint any institution other than a branch of the Borrower referred to in such definition as successor trustee under the Trust Agreement. Any such appointment made pursuant to this Section 1.8(a) shall, for purposes of this Agreement, become effective upon the written confirmation by such institution, solely in its capacity as successor trustee under the Trust Agreement, of its assumption of the obligations of successor trustee under such Trust Agreement and of the Borrower under the Loan Agreement, all of the Notes and the Letter Agreement.
Replacement of Trustees. Where the provisions of this Trust Indenture cannot be fulfilled by reason of unfilled vacancies among the Trustees, the County Council may upon the petition of any concerned resident or lot owner of Bee Tree Estates Addition, appoint one or more Trustees to fill vacancies until such time as Trustees are elected in accordance with this Trust Indenture. Any person so appointed who is not a resident or owner of a lot in Bee Tree Estates Addition shall be allowed a reasonable fee for his services by order of appointment, which fee shall be levied as a special assessment against the property of Bee Tree Estates Addition, and which shall not be subject to any limitations on special assessments contained in the Trust Indenture or elsewhere.
Replacement of Trustees. Section 11.1: The Trustees singly or as a group may be removed at any time, with or without cause, by either a vote of at least two-thirds of the Members at a meeting called for that purpose pursuant to the Bylaws, or by written consents of at least two-thirds (⅔) of the Members authorizing and directing such removal. A Trustee may resign as Trustee hereunder, upon sixty (60) days written notice to the Board of such resignation, the vacancy resulting therefrom to be filled in accordance with the procedures established in the Bylaws. A Trustee who fails to attend at least a majority of the regular meetings of the Board annually beginning with the September annual meeting, either in person or by such other means as permitted pursuant to the Bylaws, without extenuating circumstances as determined by a majority of the Executive Committee, shall be considered to have resigned. The Board of Directors may, in its discretion, accept or reject the resignation. If the resignation is accepted, the vacancy resulting therefrom shall be filled in accordance with the procedures established in the Bylaws. (Amended December 2, 2011.)
Replacement of Trustees. In the event of the resignation, death, disqualification or removal pursuant to section 5.5 or 5.6 hereof of a Trustee, the Settlor shall, in accordance with section 5.1, promptly appoint after the vacancy arising, by instrument in writing, one or more Qualified Individuals as a substitute Trustee. Upon such substituted Trustee executing consents to act in such capacity, then without Court approval being required, the Trust Fund shall vest in such substituted Trustee.
