Appointment, Removal and Resignation of Preferred Guarantee Trustees. (a) Subject to Section 4.2(b), the Preferred Guarantee Trustee may be appointed or removed without cause at any time by the Guarantor. (b) The Preferred Guarantee Trustee shall not be removed in accordance with Section 4.2(a) until a Successor Preferred Guarantee Trustee has been appointed and has accepted such appointment by written instrument executed by such Successor Preferred Guarantee Trustee and delivered to the Guarantor.
Appears in 9 contracts
Samples: Preferred Securities Guarantee Agreement (Noram Financing Ii), Preferred Securities Guarantee Agreement (Noram Financing Ii), Preferred Securities Guarantee Agreement (Textron Inc)
Appointment, Removal and Resignation of Preferred Guarantee Trustees. (a) Subject to Section 4.2(b4.02(b), the Preferred Guarantee Trustee may be appointed or removed without cause at any time by the Guarantor.
(b) The Preferred Guarantee Trustee shall not be removed in accordance with Section 4.2(a4.02(a) until a Successor Preferred Guarantee Trustee has been appointed and has accepted such appointment by written instrument executed by such Successor Preferred Guarantee Trustee and delivered to the Guarantor.
Appears in 2 contracts
Samples: Preferred Securities Guarantee Agreement (BVBC Capital Trust I), Preferred Securities Guarantee Agreement (Ebh Capital Trust I)
Appointment, Removal and Resignation of Preferred Guarantee Trustees. (a) Subject to Section 4.2(b), the Preferred Guarantee Trustee may be appointed or removed without cause at any time by the GuarantorGuarantor except if an Event of Default shall have occurred and be continuing.
(b) The Preferred Guarantee Trustee shall not be removed in accordance with Section 4.2(a) until a Successor Preferred Guarantee Trustee has been appointed and has accepted such appointment by written instrument executed by such Successor Preferred Guarantee Trustee and delivered to the Guarantor.
Appears in 2 contracts
Samples: Preferred Securities Guarantee Agreement (Travelers Insurance Group Holdings Inc), Preferred Securities Guarantee Agreement (Travelers Insurance Group Holdings Inc)
Appointment, Removal and Resignation of Preferred Guarantee Trustees. (a) Subject to Section 4.2(b), the Preferred Guarantee Trustee may be appointed or removed without cause at any time by the Guarantor.
(b) The Preferred Guarantee Trustee shall not be removed in accordance with Section 4.2(a4.2(b) until a Successor Preferred Guarantee Trustee has been appointed and has accepted such appointment by written instrument executed by such Successor Preferred Guarantee Trustee and delivered to the Guarantor.such
Appears in 1 contract
Samples: Preferred Securities Guarantee Agreement (Ati Financing Ii)
