Securityholder. If a Debenture Event of Default shall have occurred and be continuing, the Property Trustee or the Delaware Trustee, or both of them, may be removed at such time by Act of the Holders of a majority in Liquidation Amount of the Preferred Securities, delivered to the Relevant Trustee (in its individual capacity and on behalf of the Trust). An Administrative Trustee may be removed by the Common Securityholder at any time.
Appears in 5 contracts
Samples: Trust Agreement (Hartford Capital V), Trust Agreement (Principal Financial Group Inc), Trust Agreement (Principal Financial Group Inc)
Securityholder. If a Debenture an Indenture Event of Default shall have occurred and be continuing, the Property Trustee or the Delaware Trustee, or both of them, may be removed at such time by Act of the Holders of a majority in aggregate Liquidation Amount of the Outstanding Preferred Securities, delivered to the Relevant Trustee (in its individual capacity and on behalf of the Trust). An Administrative A Regular Trustee may be removed by the Common Securityholder at any time.
Appears in 2 contracts
Samples: Trust Agreement (Eix Trust Iii), Guarantee Agreement (Edison International)
