Common use of Removal of Trustee Clause in Contracts

Removal of Trustee. The Trustee may be removed at any time, by an instrument or concurrent instruments in writing delivered (a) to the Trustee and to the Issuer and the Company, and signed by the owners of a majority in aggregate principal amount of Bonds then Outstanding, or (b) to the Trustee and the owners of all Bonds then Outstanding, and signed by the Issuer and the Company.

Appears in 5 contracts

Samples: Trust Indenture (Entergy Arkansas Inc), Trust Indenture (Entergy Arkansas Inc), Trust Indenture (Entergy Mississippi Inc)

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Removal of Trustee. The Trustee may be removed at any time, time (i) by an instrument or concurrent instruments in writing delivered (a) to the Trustee and to the Issuer and the Company, HRTAC and signed by the owners Owners of a majority in aggregate principal amount of Bonds then Outstanding, or (b) to the Trustee and the owners of all Bonds then Outstanding, and signed by the Issuer and the Company.Outstanding or

Appears in 3 contracts

Samples: Master Indenture of Trust, Master Indenture of Trust, Master Indenture of Trust

Removal of Trustee. The Trustee may be removed at any time, time by an instrument or concurrent instruments in writing delivered (a) to filing with the Trustee so removed, and to with the Issuer Authority and the Company, and signed an instrument or instruments in writing, appointing a successor, or an instrument or instruments in writing, consenting to the appointment by the owners Authority (at the direction of the Company) of a successor and accompanied by an instrument of appointment by the Authority (at the direction of the Company) of such successor, and in any event executed by Owners of not less than a majority in aggregate principal amount of the Bonds then Outstanding, such filing to be made by any Owner of a Bond or (b) to the Trustee and the owners of all Bonds then Outstanding, and signed by the Issuer and the Companyhis duly authorized attorney.

Appears in 2 contracts

Samples: Loan Agreement (Tucson Electric Power Co), Loan Agreement (Tucson Electric Power Co)

Removal of Trustee. The Trustee may be removed at any time, time by an instrument or concurrent instruments in writing delivered (a) to the Trustee Trustee, Borrower and to the Issuer and the Company, and signed by the owners of a majority in aggregate principal amount of Bonds then Outstanding, or (b) to the Trustee and the owners of all Bonds then OutstandingIssuer, and signed by the Issuer and or by the CompanyBondowner Representative.

Appears in 2 contracts

Samples: Loan Agreement, Loan Agreement

Removal of Trustee. The Trustee may be removed at any time, by an instrument or concurrent instruments in writing delivered (a) to the Trustee and to the Issuer and the Company, and signed by the owners of a majority in aggregate principal amount of Bonds then Outstanding, or (b) to the Trustee and the owners of all Bonds then Outstanding, and signed by the Issuer and the Companyoutstanding.

Appears in 2 contracts

Samples: Trust Indenture (Gulf Power Co), Trust Indenture (Gulf Power Co)

Removal of Trustee. The Trustee may be removed at any time, time by an instrument or concurrent instruments in writing delivered (a) to the Trustee and to Trustee, the Issuer and Authority, the Company, the Remarketing Agent, the Tender Agent and the Paying Agent and signed by the owners of a majority in aggregate principal amount of Bonds then Outstanding, or (b) to the Trustee and the owners of all Bonds then Outstanding, and signed by the Issuer and the Companyoutstanding.

Appears in 2 contracts

Samples: Loan and Trust Agreement (Tampa Electric Co), Loan and Trust Agreement (Teco Energy Inc)

Removal of Trustee. The Trustee may be removed at any time, time by an instrument or concurrent instruments in writing delivered (a) to the Trustee and to the Issuer and the CompanyIssuer, and signed by the owners holders of a majority in aggregate principal amount of Bonds then Outstanding, or (b) outstanding hereunder. The transfer of accounts and funds to the Trustee and the owners of all Bonds then Outstanding, and signed by the Issuer and the Companya successor trustee shall not be required to take place sooner than 31 days from notice to Trustee.

Appears in 2 contracts

Samples: Trust Indenture (Entergy Louisiana, LLC), Trust Indenture (Entergy Louisiana, LLC)

Removal of Trustee. (a) The Trustee may be removed for cause at any time, time by an instrument or document or concurrent instruments or documents in writing delivered (a) to the Trustee and Trustee, with copies thereof mailed to the Issuer and the CompanyCounty, and signed by or on behalf of the owners Holders of not less than a majority in of the aggregate principal amount of Bonds then Outstanding, or (b) to the Trustee and the owners of all Bonds then Outstanding, and signed by the Issuer and the CompanyOutstanding Bonds.

Appears in 2 contracts

Samples: Trust Agreement, Trust Agreement

Removal of Trustee. The Trustee may be removed at any time, time by an instrument or concurrent instruments in writing delivered (a) to the Trustee and to the Issuer and the Company, and signed by the owners of a majority in aggregate principal amount of Bonds then Outstanding, or (b) to the Trustee and the owners of all Bonds then Outstanding, and signed by the Issuer and the Company.

Appears in 2 contracts

Samples: Unitil Corp, Unitil Corp

Removal of Trustee. (a) The Trustee may be removed for cause at any time, time by an instrument or document or concurrent instruments or documents in writing delivered (a) to the Trustee and Trustee, with copies thereof mailed to the Issuer and the CompanyCounty, and signed by or on behalf of the owners Holders of not less than a majority in of the aggregate principal amount of Bonds then Outstanding, or (b) to the Trustee and the owners of all Bonds then Outstanding, and signed by the Issuer and the CompanyOutstanding Obligations.

Appears in 2 contracts

Samples: Trust Agreement, Trust Agreement

Removal of Trustee. The Trustee may be removed at any time, time by an instrument or concurrent instruments in writing delivered (a) to the Trustee and to the Issuer and the CompanyIssuer, and signed by the owners holders of a majority in aggregate principal amount of Bonds then Outstanding, or (b) to the Trustee and the owners of all Bonds then Outstanding, and signed by the Issuer and the Companyoutstanding hereunder.

Appears in 2 contracts

Samples: Entergy Louisiana, LLC, Gulf States Utilities Co

Removal of Trustee. (a) The Trustee may be removed at any time, by an instrument or concurrent instruments in writing delivered (a) to the Trustee and to the Issuer and the Company, and signed time by the owners Holders of a majority in aggregate principal amount of the Bonds then OutstandingOutstanding or by their attorneys-in-fact duly authorized, or (b) notification thereof being given to the Trustee Company and to the owners of all Bonds then Outstanding, and signed by the Issuer and the CompanyTrustee.

Appears in 1 contract

Samples: Twentieth Supplemental Indenture (Tampa Electric Co)

Removal of Trustee. The Trustee may be removed at any time, time by an instrument or concurrent instruments in writing delivered writing, (ai) to the Trustee and to the Issuer and the Company, and signed executed by the owners Holders of not less than a majority in aggregate principal amount of Bonds then OutstandingOutstanding and filed with the District, or (b) to the Trustee and the owners of all Bonds then Outstanding, and signed by the Issuer and the Company.or

Appears in 1 contract

Samples: Trust Agreement

Removal of Trustee. The Trustee may be removed at any time, time by an instrument or concurrent instruments in writing delivered (a) to the Trustee and to the Issuer and the Companywriting, and signed by the owners Issuer or by the Servicer (subject to the prior written consent of a majority in aggregate principal amount of Bonds then Outstandingthe Issuer, which consent shall not be unreasonably withheld or (bdelayed, if such removal is not for cause) to and filed with the Trustee and the owners Borrower; provided that no removal shall become effective until the acceptance of all Bonds then Outstanding, and signed appointment by the Issuer and the Companya successor Trustee as provided in Section 7.08 of this Indenture.

Appears in 1 contract

Samples: Trust Indenture

Removal of Trustee. The Trustee may be removed at any time, time by an instrument or concurrent instruments in writing delivered (a) to the Trustee and to the Issuer and the CompanyXxxxxx Mae, and signed by the Issuer (or if an Event of Default shall have occurred and be continuing, by the owners of a majority in aggregate principal amount of the Bonds then Outstanding, in which event such instrument or (b) instruments in writing shall also be delivered to the Issuer) provided that such removal shall not take effect until the appointment of a successor Trustee and the owners of all Bonds then Outstanding, and signed by the Issuer and (or by the CompanyBondholders).

Appears in 1 contract

Samples: Financing Agreement

Removal of Trustee. The Trustee may be removed at any time, but only for the reasons specified in Section 7.7, by an instrument or concurrent instruments in writing delivered (a) to the Trustee and to the Issuer and the Company, and signed executed by the owners holders of a majority at least 66-2/3% in aggregate principal amount of Bonds then Outstanding, or (b) the Notes at the time outstanding and delivered to the Trustee with a copy to the Company, specifying the removal and the owners of all Bonds then Outstanding, and signed by the Issuer and the Companydate when it shall take effect.

Appears in 1 contract

Samples: Trust Indenture (Chi Energy Inc)

Removal of Trustee. The Trustee may be removed at any time, by an instrument or concurrent instruments in writing delivered (a) to the Trustee and to the Issuer and the CompanyIssuer, and signed by the owners Owners of a majority in aggregate principal amount of Bonds then OutstandingOutstanding or by the Company so long as no Event of Default as defined in Section 8.01(a), or (b) to the Trustee or (d) hereof has occurred and the owners of all Bonds then Outstanding, and signed by the Issuer and the Companyis continuing.

Appears in 1 contract

Samples: Trust Indenture (System Energy Resources Inc)

Removal of Trustee. The Trustee may be removed at any time, by an instrument or concurrent instruments in writing delivered (a) to the Trustee and to the Issuer and the Company, and signed by the owners of a majority in aggregate principal amount of Bonds then Outstandingoutstanding, or (b) to the Trustee and the owners of all Bonds then Outstandingoutstanding, and signed by the Issuer and the Company.

Appears in 1 contract

Samples: Gulf Power Co

Removal of Trustee. The Trustee may be discharged and removed at any time, time by an instrument or concurrent instruments in writing writing, delivered (a) to the Trustee and to the Issuer and the CompanyIssuer, and signed by the owners of a majority 66.67% in aggregate principal amount of Bonds the then Outstanding, or (b) to the Trustee and the owners of all Bonds then Outstanding, and signed by the Issuer and the Companyoutstanding Notes.

Appears in 1 contract

Samples: Trust Indenture (Fieldpoint Petroleum Corp)

Removal of Trustee. The Trustee may be removed at any time, time by an instrument or concurrent instruments in writing delivered (a) to the Trustee and to Trustee, executed by the Issuer and the Company, and signed by Corporation or at the owners written direction of the Owners of at least a majority in aggregate principal amount of Bonds then Outstanding, or (b) to the Trustee and the owners of all Bonds then Outstanding, and signed by the Issuer and the CompanyOutstanding Bonds.

Appears in 1 contract

Samples: Elecsys Corp

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Removal of Trustee. The Trustee may be discharged and removed at any time, time by an instrument or concurrent instruments in writing writing, delivered (a) to the Trustee and to the Issuer and the CompanyIssuer, and signed by the owners of a majority 66.67% in aggregate principal amount of Bonds the then Outstanding, or (b) to the Trustee and the owners of all Bonds then Outstanding, and signed by the Issuer and the Companyoutstanding Debentures.

Appears in 1 contract

Samples: Trust Indenture (Global Casinos Inc)

Removal of Trustee. The Trustee may be removed at any time, time ------------ ------------------ by an instrument or concurrent instruments in writing delivered (a) to the Trustee and to the Issuer and the Company, and signed by the owners Bondholders of a majority in aggregate principal amount of Bonds then Outstanding; provided, or (b) however, that nothing contained herein shall relieve the Borrower of its obligation to pay the fees and expenses of the Trustee incurred to the Trustee date of such removal. Such removal shall only become effective upon appointment of and the owners of all Bonds then Outstanding, and signed acceptance by the Issuer and the Companya successor Trustee.

Appears in 1 contract

Samples: Indenture of Trust (Pen Tab Industries Inc)

Removal of Trustee. The Trustee may be removed at any time, time by an instrument or concurrent instruments in writing delivered (a) to the Trustee and to the Issuer and the Company, and signed by the owners Owners of a majority in aggregate principal amount of the Bonds then Outstanding, or (b) to the Trustee and the owners of all Bonds then Outstanding, and signed by the Issuer and the Company.

Appears in 1 contract

Samples: Bond Trust Indenture and Security Agreement

Removal of Trustee. The Trustee may be removed at any time, time by an instrument or substantially concurrent instruments in writing delivered (a) to the Trustee and to Trustee, the Issuer Tender Agent, the Remarketing Agent and the CompanyBond Owners, and signed by the owners Credit Banks and the Corporation. Such instruments shall be sent by certified mail, postage prepaid, to the Bond Owners. Such removal shall take effect upon the appointment of a majority in aggregate principal amount of Bonds then Outstanding, or (b) to the Trustee and the owners of all Bonds then Outstanding, and signed by the Issuer and the Companysuccessor Trustee.

Appears in 1 contract

Samples: Indenture of Trust (Provena Foods Inc)

Removal of Trustee. The Trustee may be removed at any time, by an instrument or concurrent instruments in writing delivered (a) to the Trustee and to the Issuer and the CompanyCounty, and signed by the owners of a majority in aggregate principal amount of Bonds then Outstanding, or (b) to the Trustee and the owners of all Bonds then Outstanding, and signed by the Issuer and the Companyoutstanding.

Appears in 1 contract

Samples: Mississippi Power & Light Co

Removal of Trustee. The Trustee may be removed at any timetime by the Borrower, so long as no event of default has occurred and is continuing under the Loan Agreement, by the Issuer, or, if the Issuer is in default hereunder, by an instrument or substantially concurrent instruments in writing delivered (a) to the Trustee and to Issuer, the Issuer and Trustee, the CompanyTender Agent, the Remarketing Agent and signed by the owners holders of a majority more than fifty percent (50%) in aggregate principal amount of the Bonds then Outstanding, or (b) to outstanding. Such removal shall take effect only upon the Trustee and the owners appointment of all Bonds then Outstanding, and signed by the Issuer and the Companya successor Trustee.

Appears in 1 contract

Samples: Iac Capital Trust

Removal of Trustee. The Trustee may be removed at any time, time by an instrument or concurrent instruments in writing delivered (a) to writing, filed with the Trustee and to the Issuer and the Company, and signed by the owners Owners of a majority in aggregate principal amount of Bonds then Outstanding, or (b) to the Outstanding Bonds. The Authority may also remove the Trustee and at any time, except during the owners existence of all Bonds then Outstanding, and signed by the Issuer and the Company.an Event of Default.‌

Appears in 1 contract

Samples: Indenture

Removal of Trustee. The Trustee may be removed at any time, time by an instrument or concurrent instruments in writing delivered (a) to the Trustee and to the Issuer and the CompanyIssuer, and signed by the owners holders of a majority in aggregate principal amount of Bonds then Outstanding, or (b) to the Trustee and the owners of all Bonds then Outstanding, and signed by the Issuer and the CompanyDebentures Outstanding hereunder.

Appears in 1 contract

Samples: Cross Border Resources, Inc.

Removal of Trustee. The Trustee may be removed at any time, by an instrument or concurrent instruments in writing delivered (a) to the Trustee and to the Issuer and the CompanyIssuer, and signed by the owners Bondowners of a majority in aggregate principal amount of Bonds then Outstanding, or (b) to the Trustee and the owners of all Bonds then Outstanding, and signed by the Issuer and the Company.

Appears in 1 contract

Samples: Bond Agreement (ENERGY COMPOSITES Corp)

Removal of Trustee. (a) The Trustee may be removed at any time, time by an instrument or document or concurrent instruments in writing or documents delivered (a) to the Trustee and at least five Business Days prior to the Issuer date of removal, with copies thereof mailed to the Issuer, the Company, the Agent, the Indexing Agent and the CompanyRemarketing Agent, and signed by or on behalf of the owners Holders of not less than a majority in aggregate principal amount of the Bonds then Outstanding, or (b) to the Trustee and the owners of all Bonds then Outstanding, and signed by the Issuer and the Companyoutstanding.

Appears in 1 contract

Samples: Helmstar Group Inc

Removal of Trustee. The Any Trustee hereunder may be removed at any time, time by an instrument or concurrent instruments in writing delivered (a) appointing a successor to the Trustee and to the Issuer and the Companyso removed, and signed executed by the owners Owners of a majority in aggregate principal amount of the Bonds then Outstanding, or (b) to Outstanding and filed with the Trustee and the owners of all Bonds then Outstanding, and signed by the Issuer and the CompanyAuthority.

Appears in 1 contract

Samples: Indenture (Sterigenics International)

Removal of Trustee. (a) The Trustee may be removed for cause at any time, time by an instrument or document or concurrent instruments or documents in writing delivered (a) to the Trustee and Trustee, with copies thereof mailed to the Issuer City and the CompanyCorporation, and signed by or on behalf of the owners Holders of not less than a majority in of the aggregate principal amount of Bonds then Outstanding, or (b) to the Trustee and the owners of all Bonds then Outstanding, and signed by the Issuer and the CompanyOutstanding Bonds.

Appears in 1 contract

Samples: Trust Agreement

Removal of Trustee. The Trustee may be removed at any time, time by an instrument or concurrent instruments in writing delivered (a) to the Trustee and to the Issuer and the CompanyXxxxxx Xxx, and signed by the Issuer (or if an Event of Default shall have occurred and be continuing, by the owners of a majority in aggregate principal amount of the Bonds then Outstanding, in which event such instrument or (b) instruments in writing shall also be delivered to the Issuer) provided that such removal shall not take effect until the appointment of a successor Trustee and the owners of all Bonds then Outstanding, and signed by the Issuer and (or by the CompanyBondholders).

Appears in 1 contract

Samples: Financing Agreement

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