Common use of Appointment, Removal and Resignation of Preferred Securities Guarantee Trustee Clause in Contracts

Appointment, Removal and Resignation of Preferred Securities Guarantee Trustee. (a) Subject to Section 4.2(b), the Preferred Securities Guarantee Trustee may be appointed or removed without cause at any time by the Guarantor except during an Event of Default.

Appears in 33 contracts

Samples: Preferred Securities Guarantee Agreement (Valley National Bancorp), Preferred Securities Guarantee Agreement (ServisFirst Bancshares, Inc.), Preferred Securities Guarantee Agreement (Valley National Bancorp)

AutoNDA by SimpleDocs

Appointment, Removal and Resignation of Preferred Securities Guarantee Trustee. (a) Subject to Section 4.2(b), the Preferred Securities Guarantee Trustee may be appointed or removed without cause at any time by the Guarantor except during the occurrence and continuance of an Event of Default.

Appears in 6 contracts

Samples: Preferred Securities Guarantee Agreement (Cox Trust Ii), Preferred Securities Guarantee Agreement (Hercules Inc), Preferred Securities Guarantee Agreement (Cox Trust Ii)

Appointment, Removal and Resignation of Preferred Securities Guarantee Trustee. (a) Subject to Section 4.2(b), the Preferred Securities Guarantee Trustee may be appointed or removed without cause at any time by the Guarantor except during an Event of Default.time:

Appears in 6 contracts

Samples: Preferred Securities Guarantee Agreement (Dte Energy Co), Preferred Securities Guarantee Agreement (Dte Energy Co), Preferred Securities Guarantee Agreement (Dte Energy Co)

Appointment, Removal and Resignation of Preferred Securities Guarantee Trustee. (a) 1. Subject to Section 4.2(b), the Preferred Securities Guarantee Trustee may be appointed or removed without cause at any time by the Guarantor except during an Event of Default. Subject to the provisions of this Section 4.2, the Preferred Securities Guarantee Trustee may be removed by the holders of a Majority in Liquidation Amount of the Series A Capital Securities during an Event of Default.

Appears in 3 contracts

Samples: Preferred Securities Guarantee Agreement (Sovereign Capital Trust Iv), Preferred Securities Guarantee Agreement (Sovereign Capital Trust Iv), Preferred Securities Guarantee Agreement (Sovereign Capital Trust Iv)

Appointment, Removal and Resignation of Preferred Securities Guarantee Trustee. (a) Subject to Section SECTION 4.2(b), the Preferred Securities Guarantee Trustee may be appointed or removed without cause at any time by the Guarantor except during an Event of Default.

Appears in 2 contracts

Samples: Preferred Securities Guarantee Agreement (Illinois Power Co), Preferred Securities Guarantee Agreement (Illinois Power Co)

Appointment, Removal and Resignation of Preferred Securities Guarantee Trustee. (a) Subject to Section 4.2(b), the Preferred Securities Guarantee Trustee may be appointed or removed without cause at any time by the Guarantor except during an Event of Default.time:

Appears in 1 contract

Samples: Preferred Securities Guarantee Agreement (Dobson Financing Trust)

AutoNDA by SimpleDocs

Appointment, Removal and Resignation of Preferred Securities Guarantee Trustee. (a) Subject to Section 4.2(b4.02(b), the Preferred Securities Guarantee Trustee may be appointed or removed without cause at any time by the Guarantor except during the occurrence and continuation of an Event of Default.

Appears in 1 contract

Samples: Preferred Securities Guarantee Agreement (Hercules Inc)

Appointment, Removal and Resignation of Preferred Securities Guarantee Trustee. (a) Subject a)Subject to Section 4.2(b), the Preferred Securities Guarantee Trustee may be appointed or removed without cause at any time by the Guarantor except during the occurrence and continuance of an Event of Default.

Appears in 1 contract

Samples: Preferred Securities Guarantee Agreement (Hercules Inc)

Appointment, Removal and Resignation of Preferred Securities Guarantee Trustee. (a) Subject to Section 4.2(b)4.02, the Preferred Securities Guarantee Trustee may be appointed or removed without cause at any time by the Guarantor except during the occurrence and continuance of an Event of Default.

Appears in 1 contract

Samples: Preferred Securities Guarantee Agreement (Hercules Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!