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

Resignation and Removal; Appointment of Successor Trustee. Subject to Section 5.9(d), the Trustee, or any trustee or trustees hereafter appointed, may at any time resign with respect to the Securities of any Series by giving thirty (30) days’ written notice of resignation to IRSA PC. If at any time the Trustee shall cease to be eligible in accordance with the provisions of Section 5.8, it shall resign immediately in the manner and with the effect hereinafter specified in this Section 5.9. Upon receiving such notice of resignation, IRSA PC shall promptly appoint a successor trustee or trustees with respect to the Securities of 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 or trustees. If no successor trustee shall have been so appointed with respect to the Securities of such Series and have accepted appointment within thirty (30) days after the giving of such notice of resignation, the resigning Trustee may petition any court of competent jurisdiction for the appointment of a successor trustee, or the Holders of at least 10% in aggregate principal amount of the Outstanding Securities of such Series may 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 and as it may prescribe, appoint a successor trustee.

Resignation and Removal; Appointment of Successor Trustee. Subject to Section 5.9(d), the (a) The Trustee, or any trustee or trustees hereafter appointed, may at any time resign with respect to the one or more or all Series of Securities of any Series by giving thirty (30) days’ written notice of resignation to IRSA PC. If at any time the Trustee shall cease to be eligible in accordance with the provisions of Section 5.8, it shall resign immediately in the manner and with the effect hereinafter specified in this Section 5.9Company. Upon receiving such notice of resignation, IRSA PC the Company shall promptly appoint a successor trustee or trustees with respect to the Securities of such each 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 trustee or trustees, and shall give notice in the manner and to the extent provided in Section 12.4 hereof to the Holders of the applicable Series with respect to which the Trustee has resigned at their last addresses as they shall appear in the Securities Register. If no successor trustee shall have been so appointed with respect to the Securities of such any Series and have accepted appointment within thirty (30) 30 days after the giving mailing of such notice of resignation, the resigning Trustee trustee may petition petition, at the sole expense of the Company, any court of competent jurisdiction for the appointment of a successor trustee, or any Holder who has been a bona fide Holder of the Holders of applicable Series for at least 10% in aggregate principal amount six months may, subject to the provisions of the Outstanding Securities Section 5.12 hereof, on behalf of such Series may Xxxxxx 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 and as it may prescribe, appoint a successor trustee.

Resignation and Removal; Appointment of Successor Trustee. Subject to Section ‎Section 5.9(d), the Trustee, or any trustee or trustees hereafter appointed, may at any time resign with respect to the Securities of any Series by giving thirty (30) days’ written notice of resignation to IRSA PC. If at any time the Trustee shall cease to be eligible in accordance with the provisions of Section ‎Section 5.8, it shall resign immediately in the manner and with the effect hereinafter specified in this Section ‎Section 5.9. Upon receiving such notice of resignation, IRSA PC shall promptly appoint a successor trustee or trustees with respect to the Securities of 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 or trustees. If no successor trustee shall have been so appointed with respect to the Securities of such Series and have accepted appointment within thirty (30) days after the giving of such notice of resignation, the resigning Trustee may petition any court of competent jurisdiction for the appointment of a successor trustee, or the Holders of at least 10% in aggregate principal amount of the Outstanding Securities of such Series may 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 and as it may prescribe, appoint a successor trustee.

Resignation and Removal; Appointment of Successor Trustee. Subject to Section 5.9(d), the (a) The Trustee, or any trustee or trustees hereafter appointed, may at any time resign with respect to the one or more or all series of Securities of any Series by giving thirty (30) days’ written notice of resignation to IRSA PC. If the Issuer and if any Securities of a series affected are then Outstanding, by mailing notice of such resignation to the Holders of then Outstanding Securities of each series affected at any time their addresses as they shall appear on the Trustee shall cease to be eligible in accordance with the provisions of Section 5.8, it shall resign immediately in the manner and with the effect hereinafter specified in this Section 5.9Security register. Upon receiving such notice of resignation, IRSA PC the Issuer shall promptly appoint a successor trustee or trustees with respect to the Securities of such Series 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 trustee or trustees. If no successor trustee shall have been so appointed with respect to the Securities of such Series any series and have accepted appointment within thirty (30) 30 days after the giving mailing of such notice of resignation, the resigning Trustee trustee may at the expense of the Issuer petition any court of competent jurisdiction for the appointment of a successor trustee, or any Securityholder who has been a bona fide Holder of a Security or Securities of the Holders of applicable series for at least 10% in aggregate principal amount six months may, subject to the provisions of the Outstanding Securities ‎Section 5.12, on behalf of such Series may itself 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 and as it may prescribe, appoint a successor trustee.

Resignation and Removal; Appointment of Successor Trustee. (a) Subject to Section 5.9(d5.10(d), the Trustee, or any trustee or trustees hereafter appointed, may at any time resign with respect to the Securities of any Series by giving thirty (30) days’ written notice of resignation to IRSA PCAPSA. If at any time the Trustee shall cease to be eligible in accordance with the provisions of Section 5.85.9, it shall resign immediately in the manner and with the effect hereinafter specified in this Section 5.95.10. Upon receiving such notice of resignation, IRSA PC APSA shall promptly appoint a successor trustee or trustees with respect to the Securities of 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 or trustees. If no successor trustee shall have been so appointed with respect to the Securities of such Series and have accepted appointment within thirty (30) days after the giving of such notice of resignation, the resigning Trustee may petition any court of competent jurisdiction for the appointment of a successor trustee, or the Holders of at least 10% in aggregate principal amount of the Outstanding Securities of such Series may 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 and as it may prescribe, appoint a successor trustee.

Resignation and Removal; Appointment of Successor Trustee. (a) Subject to Section 5.9(d5.10(d), the Trustee, or any trustee or trustees hereafter appointed, may at any time resign with respect to the Securities of any Series by giving thirty (30) 30 days’ written notice of resignation to IRSA PCthe Bank. If at any time the Trustee shall cease to be eligible in accordance with the provisions of Section 5.85.9, it shall resign immediately in the manner and with the effect hereinafter specified in this Section 5.95.10. Upon receiving such notice of resignation, IRSA PC the Bank shall promptly appoint a successor trustee or trustees with respect to the Securities of 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 or trustees. If no successor trustee shall have been so appointed with respect to the Securities of such Series and have accepted appointment within thirty (30) 30 days after the giving of such notice of resignation, the resigning Trustee may petition any court of competent jurisdiction for the appointment of a successor trustee, or the Holders of at least 10% in aggregate principal amount of the Outstanding Securities of such Series may 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 and as it may prescribe, appoint a successor trustee.

Resignation and Removal; Appointment of Successor Trustee. Subject to Section 5.9(d5.10(d), the Trustee, or any trustee or trustees hereafter appointed, may at any time resign with respect to the Securities of any Series by giving thirty (30) days’ written notice of resignation to IRSA PCIRSA. If at any time the Trustee shall cease to be eligible in accordance with the provisions of Section 5.85.9, it shall resign immediately in the manner and with the effect hereinafter specified in this Section 5.95.10. Upon receiving such notice of resignation, IRSA PC shall promptly appoint a successor trustee or trustees with respect to the Securities of 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 or trustees. If no successor trustee shall have been so appointed with respect to the Securities of such Series and have accepted appointment within 11924629 77 thirty (30) days after the giving of such notice of resignation, the resigning Trustee may petition any court of competent jurisdiction for the appointment of a successor trustee, or the Holders of at least 10% in aggregate principal amount of the Outstanding Securities of such Series may 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 and as it may prescribe, appoint a successor trustee.

Resignation and Removal; Appointment of Successor Trustee. (a) Subject to Section 5.9(d5.10(d), the Trustee, or any trustee or trustees hereafter appointed, may at any time resign with respect to the Securities of any Series by giving thirty (30) days’ written notice of resignation to IRSA PCIRSA. If at any time the Trustee shall cease to be eligible in accordance with the provisions of Section 5.85.9, it shall resign immediately in the manner and with the effect hereinafter specified in this Section 5.95.10. Upon receiving such notice of resignation, IRSA PC shall promptly appoint a successor trustee or trustees with respect to the Securities of 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 or trustees. If no successor trustee shall have been so appointed with respect to the Securities of such Series and have accepted appointment within thirty (30) days after the giving of such notice of resignation, the resigning Trustee may petition any court of competent jurisdiction for the appointment of a successor trustee, or the Holders of at least 10% in aggregate principal amount of the Outstanding Securities of such Series may 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 and as it may prescribe, appoint a successor trustee.