Common use of Change of Trustee Clause in Contracts

Change of Trustee. The Trustee may resign by notice in writing delivered to all Bondholders to take effect no earlier than the date of a meeting of Bondholders called to appoint a replacement. Prior to resigning, the Trustee shall call such a meeting. A meeting of Bondholders shall have the power to remove a Trustee, and to appoint one or more replacement trustees.

Change of Trustee. The Trustee may resign by notice in writing delivered to all Bondholders to take effect no earlier than the date of a meeting of Bondholders called to appoint a replacement. Prior to resigning, the Trustee shall call such a meeting. A meeting of Bondholders shall have the power to remove a Trustee, and to appoint one or more replacement trustees.

Change of Trustee. The Trustee may resign by notice in writing delivered to all Bondholders Security Holders to take effect no earlier than the date of a meeting of Bondholders Security Holders called to appoint a replacement. Prior to resigning, the Trustee shall call such a meeting. A meeting of Bondholders Security Holders shall have the power to remove a Trustee, and to appoint one or more replacement trustees.