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

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

Appears in 6 contracts

Samples: Preferred Securities Guarantee Agreement, Preferred Securities Guarantee Agreement (Commonwealth Edison Co), Preferred Securities Guarantee Agreement (Stanley Works)

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Appointment, Removal and Resignation of Trustee. (a) Subject to Section 4.02(b4.2(c), the Trustee may be appointed or removed without cause at any time by the Guarantor except during an Event of DefaultGuarantor.

Appears in 3 contracts

Samples: Parent Guarantee Agreement (Sinclair Broadcast Group Inc), Parent Guarantee Agreement (KDSM Inc), Guarantee Agreement (Rouse Company)

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Appointment, Removal and Resignation of Trustee. (a) Subject to Section 4.02(b4.2(b), the Trustee may be appointed or removed without cause at any time by the Guarantor except following the occurrence and during the continuation of an Event of Default.

Appears in 2 contracts

Samples: Guarantee Agreement (Western Resources Inc /Ks), Guarantee Agreement (Southwestern Public Service Co)

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