Common use of Replacement of the Trustee Clause in Contracts

Replacement of the Trustee. The Trustee may resign at any time by so notifying the Issuer in writing not less than 30 days prior to the effective date of such resignation. The Holders of a majority in principal amount of the Notes may remove the Trustee by so notifying the removed Trustee in writing not less than 30 days prior to the effective date of such removal and may appoint a successor Trustee with the Issuer’s written consent, which consent shall not be unreasonably withheld. The Issuer shall remove the Trustee if:

Appears in 2 contracts

Samples: Indenture (ExamWorks Group, Inc.), Indenture (Verity Administrators, Inc.)

AutoNDA by SimpleDocs

Replacement of the Trustee. The Trustee may resign at any time with respect to any Series or Tranche of Securities by so notifying the Issuer in writing not less than 30 60 days prior to the effective date of such resignation. The Holders of a majority in principal amount of the Notes outstanding Securities of any Series or Tranche may remove the Trustee with respect to that Series or Tranche by so notifying the removed Trustee in writing not less than 30 days prior to the effective date of such removal and may appoint a successor Trustee with the Issuer’s written consent, which consent shall not be unreasonably withheldTrustee. The Issuer shall remove the Trustee if:

Appears in 2 contracts

Samples: Paying Agent (Molson Coors Brewing Co), Molson Coors Brewing Co

AutoNDA by SimpleDocs

Replacement of the Trustee. The No resignation or removal of the Trustee and no appointment of a successor Trustee shall become effective until the acceptance of appointment by the successor Trustee pursuant to this Section 6.8. Subject to the preceding sentence, the Trustee may resign at any time by so notifying providing 60 days prior written notice to the Issuer in writing not less than 30 days prior to and the effective date of such resignation. The Holders of a majority in principal amount of the Notes may remove the Trustee Noteholders or sooner if so required by so notifying the removed Trustee in writing not less than 30 days prior to the effective date of such removal and may appoint a successor Trustee with the Issuer’s written consent, which consent shall not be unreasonably withheldlaw. The Issuer shall may remove the Trustee if:

Appears in 1 contract

Samples: Paragon Auto Receivables Corp

Time is Money Join Law Insider Premium to draft better contracts faster.