Common use of Resignation and Removal; Appointment of Successor Trustee Clause in Contracts

Resignation and Removal; Appointment of Successor Trustee. (a) The Trustee may at any time resign with respect to the Debt Securities of one or more Series by giving not less than 90 days’ written notice of resignation to the Republic and by providing notice thereof to the affected Holders at the expense of the Republic as provided in paragraph 11 of the Terms of the affected Series. Upon receiving such notice of resignation, the Republic or Banco Central acting on behalf of the Republic shall promptly appoint a successor trustee with respect to such Series by written instrument in duplicate, one copy of which instrument shall be delivered to the resigning Trustee and one copy to the successor trustee. If no successor trustee shall have been so appointed and have accepted appointment within 60 days after such notice of resignation has been given, the resigning Trustee may petition any court of competent jurisdiction for the appointment of a successor trustee, or any Holder of Debt Securities of the affected Series who has been a bona fide Holder of a Debt Security of such Series for at least six months may, on behalf of himself and all others similarly situated, petition any such court for the appointment of a successor trustee. Such court may thereupon, after such notice, if any, as it may deem proper, appoint a successor trustee with respect to the Debt Securities of the affected Series.

Appears in 1 contract

Samples: Trust Indenture (Uruguay Republic Of)

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Resignation and Removal; Appointment of Successor Trustee. (a) The Trustee may at any time resign with respect to the Debt Securities of any one or more Series by giving not less than 90 days’ written notice of resignation to the Republic Province and by providing notice thereof to the affected Holders at the expense of the Republic Province as provided in paragraph 11 Paragraph 12 of the Terms of the affected Series. Upon receiving such notice of resignation, the Republic or Banco Central acting on behalf of the Republic Province shall promptly appoint a successor trustee with respect to such Series by written instrument in duplicate, one copy of which instrument shall be delivered to the resigning Trustee and one copy to the successor trustee. If no successor trustee shall have been so appointed and have accepted appointment within 60 days after such notice of resignation has been given, the resigning Trustee may petition any court of competent jurisdiction for the appointment of a successor trustee, or any Holder of Debt Securities of the affected Series who has been a bona fide Holder of a Debt Security of such Series for at least six months may, on behalf of himself and all others similarly situated, petition any such court for the appointment of a successor trustee. Such court may thereupon, after such notice, if any, as it may deem proper, appoint a successor trustee with respect to the Debt Securities of the affected Series.

Appears in 1 contract

Samples: static1.squarespace.com

Resignation and Removal; Appointment of Successor Trustee. (a) The Trustee Trustee, or any trustee or trustees hereafter appointed, may at any time resign with respect to the Debt Securities of one or more Series or all series of Securities by giving not less than 90 days’ written notice of resignation to the Republic and by providing notice thereof to the affected Holders at the expense of the Republic as provided in paragraph 11 of the Terms of the affected SeriesIssuer. Upon receiving such notice of resignation, the Republic or Banco Central acting on behalf of the Republic Issuer shall promptly appoint a successor trustee or trustees with respect to such Series the applicable series by written instrument in duplicate, executed by authority of the Board of Directors, one copy of which instrument shall be delivered to the resigning Trustee and one copy to the successor trusteetrustee or trustees. If no successor trustee shall have been so appointed with respect to any series and have accepted appointment within 60 30 days after the mailing of such notice of resignation has been givenresignation, the resigning Trustee trustee may petition any court of competent jurisdiction for the appointment of a successor trustee, or any Holder of Debt Securities of the affected Series Securityholder who has been a bona fide Holder of a Debt Security or Securities of such Series the applicable series for at least six months may, subject to the provisions of Section 5.12, on behalf of himself and all others similarly situated, petition any such court for the appointment of a successor trustee. Such court may thereupon, after such notice, if any, any as it may deem properproper and prescribe, appoint a successor trustee with respect to the Debt Securities of the affected Seriestrustee.

Appears in 1 contract

Samples: Indenture (Progressive Corp/Oh/)

Resignation and Removal; Appointment of Successor Trustee. (a) The Trustee Trustee, or any trustee or trustees hereafter appointed, may at any time resign with respect to the Debt Securities of one or more Series or all series of Securities by giving not less than 90 days’ written notice of resignation to the Republic and by providing notice thereof to the affected Holders at the expense of the Republic as provided in paragraph 11 of the Terms of the affected SeriesIssuer. Upon receiving such notice of resignation, the Republic or Banco Central acting on behalf of the Republic Issuer shall promptly appoint a successor trustee or trustees with respect to such Series the applicable series by written instrument in duplicate, executed by authority of the Board of Directors, one copy of which instrument shall be delivered to the resigning Trustee and one copy to the successor trusteetrustee or trustees. If no successor trustee shall have been so appointed with respect to any series and have accepted appointment within 60 30 days after the mailing of such notice of resignation has been givenresignation, the resigning Trustee trustee may petition any court of competent jurisdiction for the appointment of a successor trustee, or any Holder of Debt Securities of the affected Series Securityholder who has been a bona fide Holder holder of a Debt Security or Securities of such Series the applicable series for at least six months may, subject to the provisions of Section 5.12, on behalf of himself and all others similarly situated, petition any such court for the appointment of a successor trustee. Such court may thereupon, after such notice, if any, as it may deem properproper and prescribe, appoint a successor trustee with respect to the Debt Securities of the affected Seriestrustee.

Appears in 1 contract

Samples: Indenture (Progressive Corp/Oh/)

Resignation and Removal; Appointment of Successor Trustee. (a) The Trustee Trustee, or any trustee or trustees hereafter appointed, may at any time resign with respect to the Debt Securities of one or more Series by giving not less than 90 days’ or all series of Securities bygiving written notice of resignation to the Republic and by providing notice thereof to the affected Holders at the expense of the Republic as provided in paragraph 11 of the Terms of the affected SeriesIssuer. Upon receiving such notice of resignation, the Republic or Banco Central acting on behalf of the Republic shall Issuershall promptly appoint a successor trustee or trustees with respect to such Series the applicable series by written instrument in duplicate, executed by authority of the Board of Directors, one copy of which instrument shall be delivered to the resigning Trustee and one copy to the successor trusteetrustee or trustees. If no successor trustee shall have been so appointed with respect to any series and have accepted appointment within 60 30 days after the mailing of such notice of resignation has been givenresignation, the resigning Trustee trustee may petition any court of competent jurisdiction for the appointment of a successor trustee, or any Holder of Debt Securities of the affected Series Securityholder who has been a bona fide Holder of a Debt Security or Securities of such Series the applicable series for at least six months may, subject to the provisions of Section 5.12, on behalf of himself and all others similarly situated, petition any such court for the appointment of a successor trustee. Such court may thereupon, after such notice, if any, as it may deem properproper and prescribe, appoint a successor trustee with respect to the Debt Securities of the affected Seriestrustee.

Appears in 1 contract

Samples: Indenture (Progressive Corp/Oh/)

Resignation and Removal; Appointment of Successor Trustee. (a) The Trustee or any successor hereafter appointed may at any time resign with respect to the Debt Securities Notes of one or more Series series by giving not less than 90 days’ written notice of resignation to the Republic and by providing notice thereof to the affected Holders at the expense of the Republic as provided in paragraph 11 of the Terms of the affected SeriesCompany. Upon receiving such notice of resignation, the Republic or Banco Central acting on behalf of the Republic Company shall promptly appoint a successor trustee with respect to such Series Notes of that series by written instrument instrument, in duplicate, executed by order of the Board of Directors, one copy of which instrument shall be delivered to the resigning Trustee and one copy to the successor trustee. If no successor trustee shall have been so appointed and have accepted appointment within 60 30 days after the mailing of such notice of resignation has been givenresignation, the resigning Trustee may petition petition, at the expense of the Company, any court of competent jurisdiction for the appointment of a successor trusteetrustee with respect to Notes of that series, or any Holder Noteholder of Debt Securities of the affected Series that series who has been a bona fide Holder holder of a Debt Security of such Series Note or Notes for at least six months may, subject to the provisions of Section 6.08, on behalf of himself and all others similarly situated, petition any such court for the appointment of a successor trustee. Such court may thereupon, thereupon after such notice, if any, as it may deem properproper and prescribe, appoint a successor trustee with respect to the Debt Securities of the affected Seriestrustee.

Appears in 1 contract

Samples: Indenture (Louisville Gas & Electric Co /Ky/)

Resignation and Removal; Appointment of Successor Trustee. (ac) The Trustee Trustee, or any trustee or trustees hereafter appointed, may at any time resign with respect to the Debt Securities of one or more Series or all series of Securities by giving not less than 90 days’ written notice of resignation to the Republic and by providing notice thereof to the affected Holders at the expense of the Republic as provided in paragraph 11 of the Terms of the affected SeriesIssuer. Upon receiving such notice of resignation, the Republic or Banco Central acting on behalf of the Republic Issuer shall promptly appoint a successor trustee or trustees with respect to such Series the applicable series by written instrument in duplicate, executed by authority of the Board of Directors, one copy of which instrument shall be delivered to the resigning Trustee and one copy to the successor trusteetrustee or trustees. If no successor trustee Trustee shall have been so appointed with respect to any series and have accepted appointment within 60 30 days 30. after the mailing of such notice of resignation has been givenresignation, the resigning Trustee may petition any court of competent jurisdiction for the appointment of a successor trusteeTrustee, or any Holder of Debt Securities of the affected Series Securityholder who has been a bona fide Holder of a Debt Security or Securities of such Series the applicable series for at least six months may, subject to the provisions of Section 4.12, on behalf of himself and all others similarly situated, petition any such court for the appointment of a successor trusteeTrustee. Such court may thereupon, after such notice, if any, as it may deem properproper and prescribe, appoint a successor trustee with respect to the Debt Securities of the affected SeriesTrustee.

Appears in 1 contract

Samples: Indenture (Planetout Inc)

Resignation and Removal; Appointment of Successor Trustee. (a) The Trustee may at any time resign with respect to the Debt Securities Bonds of one or more Series series by giving not less than 90 days’ written notice of resignation to the Republic and by providing notice thereof to the affected Holders at the expense of the Republic as provided in paragraph 11 of the Terms of the affected SeriesArticle Ten. Upon receiving such notice of resignation, the Republic or Banco Central acting on behalf of the Republic shall promptly appoint a successor trustee with respect to such Series series by written instrument in duplicate, one copy of which instrument shall be delivered to the resigning Trustee and one copy to the successor trustee. If no successor trustee shall have been so appointed and have accepted appointment within 60 days after such notice of resignation has been given, the resigning Trustee may petition any court of competent jurisdiction for the appointment of a successor trustee, or any Holder of Debt Securities Bonds of the affected Series series who has been a bona fide Holder of a Debt Security Bond of such Series series for at least six months may, on behalf of himself and all others similarly situated, petition any such court for the appointment of a successor trustee. Such court may thereupon, after such notice, if any, as it may deem proper, appoint a successor trustee with respect to the Debt Securities Bonds of the affected Seriesseries.

Appears in 1 contract

Samples: sec.report

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Resignation and Removal; Appointment of Successor Trustee. (a) The Trustee may at any time resign with respect to the Debt Securities of any one or more Series by giving not less than 90 days’ written notice of resignation to the Republic and by providing notice thereof to the affected Holders at the expense of the Republic as provided in paragraph Paragraph 11 of the Terms of the affected Series. Upon receiving such notice of resignation, the Republic or Banco Central acting on behalf of the Republic shall promptly appoint a successor trustee with respect to such Series by written instrument in duplicate, one copy of which instrument shall be delivered to the resigning Trustee and one copy to the successor trustee. If no successor trustee shall have been so appointed and have accepted appointment within 60 days after such notice of resignation has been given, the resigning Trustee may may, at the expense of the Republic, petition any court of competent jurisdiction for the appointment of a successor trustee, or any Holder of Debt Securities of the affected Series who has been a bona fide Holder of a Debt Security of such Series for at least six months may, on behalf of himself and all others similarly situated, petition any such court for the appointment of a successor trustee. Such court may thereupon, after such notice, if any, as it may deem proper, appoint a successor trustee with respect to the Debt Securities of the affected Series.

Appears in 1 contract

Samples: Terms And (Peru Republic Of)

Resignation and Removal; Appointment of Successor Trustee. (a) The Trustee may at any time resign with respect to the Debt Securities of any one or more Series by giving not less than 90 60 days’ written notice of resignation to the Republic Province and by providing notice thereof to the affected Holders at the expense of the Republic Province as provided in paragraph 11 Paragraph 12 of the Terms of the affected Series. Upon receiving such notice of resignation, the Republic or Banco Central acting on behalf of the Republic Province shall promptly appoint a successor trustee with respect to such Series by written instrument in duplicate, one copy of which instrument shall be delivered to the resigning Trustee and one copy to the successor trustee. If no successor trustee shall have been so appointed and have accepted appointment within 60 days after such notice of resignation has been given, the resigning Trustee at the sole expense of the Province may petition any court of competent jurisdiction for the appointment of a successor trustee, or any Holder of Debt Securities of the affected Series who has been a bona fide Holder of a Debt Security of such Series for at least six months may, on behalf of himself and all others similarly situated, petition any such court court, at the sole expense of the Province, for the appointment of a successor trustee. Such court may thereupon, after such notice, if any, as it may deem proper, appoint a successor trustee with respect to the Debt Securities of the affected Series.

Appears in 1 contract

Samples: Indenture

Resignation and Removal; Appointment of Successor Trustee. (a) The Trustee may at any time resign with respect to the Debt Securities of any one or more Series by giving not less than 90 120 days’ written notice of resignation to the Republic and by providing notice thereof to the affected Holders at the expense of the Republic as provided in paragraph 11 of the Terms of the affected Series. Upon receiving such notice of resignation, the Republic or Banco Central acting on behalf of the Republic shall promptly appoint a successor trustee with respect to such Series by written instrument in duplicate, one copy of which instrument shall be delivered to the resigning Trustee and one copy to the successor trustee. If no successor trustee shall have been so appointed and have accepted appointment within 60 90 days after such notice of resignation has been given, the resigning Trustee may may, at the expense of the Republic, petition any court of competent jurisdiction for the appointment of a successor trustee, or any Holder of Debt Securities of the affected Series who has been a bona fide Holder of a Debt Security of such Series for at least six months may, on behalf of himself and all others similarly situated, petition any such court for the appointment of a successor trustee. Such court may thereupon, after such notice, if any, as it may deem proper, appoint a successor trustee with respect to the Debt Securities of the affected Series.

Appears in 1 contract

Samples: Indenture (Uruguay Republic Of)

Resignation and Removal; Appointment of Successor Trustee. (a) The Trustee Trustee, or any trustee or trustees hereafter appointed, may at any time resign with respect to the Debt Securities of one or more Series or all series of Securities by giving not less than 90 days’ written notice of resignation to the Republic and by providing notice thereof to the affected Holders at the expense of the Republic as provided in paragraph 11 of the Terms of the affected SeriesIssuer. Upon receiving such notice of resignation, the Republic or Banco Central acting on behalf of the Republic Issuer shall promptly appoint a successor trustee or trustees with respect to such Series the applicable series by written instrument in duplicate, executed by authority of the Board of Directors, one copy of which instrument shall be delivered to the resigning Trustee and one copy to the successor trusteetrustee or trustees. If no successor trustee shall have been so appointed with respect to any series and have accepted appointment within 60 30 days after the sending of such notice of resignation has been givenresignation, the resigning Trustee trustee may petition any court of competent jurisdiction at the expense of the Issuer for the appointment of a successor trustee, or any Holder of Debt Securities of the affected Series Securityholder who has been a bona fide Holder of a Debt Security or Securities of such Series the applicable series for at least six months may, subject to the provisions of Section 5.12, on behalf of himself and all others similarly situated, petition any such court for the appointment of a successor trustee. Such court may thereupon, after such notice, if any, as it may deem properproper and prescribe, appoint a successor trustee with respect to the Debt Securities of the affected Seriestrustee.

Appears in 1 contract

Samples: Indenture (PayPal Holdings, Inc.)

Resignation and Removal; Appointment of Successor Trustee. (a) The Trustee may at any time resign with respect to the Debt Securities of any one or more Series by giving not less than 90 days’ written notice of resignation to the Republic and by providing notice thereof to the affected Holders at the expense of the Republic as provided in paragraph 11 12 of the Terms of the affected Series. Upon receiving such notice of resignation, the Republic or Banco Central acting on behalf of the Republic shall promptly appoint a successor trustee with respect to such Series by written instrument in duplicate, one copy of which instrument shall be delivered to the resigning Trustee and one copy to the successor trustee. If no successor trustee shall have been so appointed and have accepted appointment within 60 days after such notice of resignation has been given, the resigning Trustee may may, at the expense of the Republic, petition any court of competent jurisdiction for the appointment of a successor trustee, or any Holder of Debt Securities of the affected Series who has been a bona fide Holder of a Debt Security of such Series for at least six months may, on behalf of himself and all others similarly situated, petition any such court for the appointment of a successor trustee. Such court may thereupon, after such notice, if any, as it may deem proper, appoint a successor trustee with respect to the Debt Securities of the affected Series.

Appears in 1 contract

Samples: Satisfaction And (Republic of Argentina)

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