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Common use of NEW TRUSTEE Clause in Contracts

NEW TRUSTEE. The power to appoint a new trustee of these presents shall be vested in the Issuer but no person shall be appointed who shall not previously have been approved by an Extraordinary Resolution. One or more persons may hold office as trustee or trustees of these presents but such trustee or trustees shall be or include a Trust Corporation. Whenever there shall be more than two trustees of these presents the majority of such trustees shall be competent to execute and exercise all the duties, powers, trusts, authorities and discretions vested in the Trustee by these presents provided that a Trust Corporation shall be included in such majority. Any appointment of a new trustee of these presents shall as soon as practicable thereafter be notified by the Issuer to the Issue and Paying Agent, the Registrar and the Holders.

Appears in 4 contracts

Samples: Trust Deed, Third Supplemental Trust Deed, Trust Deed

NEW TRUSTEE. 22.1 The power to appoint a new trustee of these presents shall shall, subject as hereinafter provided, be vested in the Issuer but no person shall be appointed who shall not previously have been approved by an Extraordinary Resolution. One or more persons may hold office as trustee or trustees of these presents but such trustee or trustees shall be or include a Trust Corporation. Whenever there shall be more than two trustees of these presents the majority of such trustees shall be competent to execute and exercise all the duties, powers, trusts, authorities and discretions vested in the Trustee by these presents provided that PROVIDED THAT a Trust Corporation shall be included in such majority. Any appointment of a new trustee of these presents shall as soon as practicable thereafter be notified by the Issuer to the Issue and Paying Agent, the Registrar Agent and the HoldersNoteholders.

Appears in 4 contracts

Samples: Supplemental Trust Deed, Seventh Supplemental Trust Deed, Eighth Supplemental Trust Deed

NEW TRUSTEE. The (A) THE power to appoint a new trustee of these presents shall be vested in the Issuer Issuers jointly but no person shall be appointed who shall not previously have been approved by an Extraordinary Resolution. One or more persons may hold office as trustee or trustees of these presents but such trustee or trustees shall be or include a Trust Corporation. Whenever there shall be more than two trustees of these presents the majority of such trustees shall be competent to execute and exercise all the duties, powers, trusts, authorities and discretions vested in the Trustee by these presents provided that a Trust Corporation shall be included in such majority. Any appointment of a new trustee of these presents shall as soon as practicable thereafter be notified by the Issuer Issuers to the Issue and Paying Agent, the Registrar Agent and the HoldersNoteholders.

Appears in 3 contracts

Samples: Supplemental Trust Deed (Cadbury Schweppes Public LTD Co), Supplemental Trust Deed (Cadbury Schweppes Public LTD Co), Supplemental Trust Deed (Cadbury Public LTD Co)

NEW TRUSTEE. The (A) THE power to appoint a new trustee of these presents shall shall, subject as hereinafter provided, be vested in the Issuer but no person shall be appointed who shall not previously have been approved by an Extraordinary Resolution. One or more persons may hold office as trustee or trustees of these presents but such trustee or trustees shall be or include a Trust Corporation. Whenever there shall be more than two trustees of these presents the majority of such trustees shall be competent to execute and exercise all the duties, powers, trusts, authorities and discretions vested in the Trustee by these presents provided that a Trust Corporation shall be included in such majority. Any appointment of a new trustee of these presents shall as soon as practicable thereafter be notified by the Issuer to the Issue and Paying Agent, the Registrar Agent and the HoldersNoteholders.

Appears in 2 contracts

Samples: Fifth Supplemental Trust Deed (Mbna Corp), Fourth Supplemental Trust Deed (Mbna Corp)

NEW TRUSTEE. The (A) THE power to appoint a new trustee of these presents shall be vested in the Issuer Issuers but no person shall be appointed who shall not previously have been approved by an Extraordinary Resolution. One or more persons may hold office as trustee or trustees of these presents but such trustee or trustees shall be or include a Trust Corporation. Whenever there shall be more than two trustees of these presents the majority of such trustees shall be competent to execute and exercise all the duties, powers, trusts, authorities and discretions vested in the Trustee by these presents provided that a Trust Corporation shall be included in such majority. Any appointment of a new trustee of these presents shall as soon as practicable thereafter be notified by the relevant Issuer to the Issue and Principal Paying Agent, the Registrar and in accordance with Condition 14 the HoldersNoteholders.

Appears in 2 contracts

Samples: Eighth Supplemental Trust Deed (Portugal Telecom SGPS Sa), Seventh Supplemental Trust Deed (Portugal Telecom SGPS Sa)

NEW TRUSTEE. The power to appoint a new trustee of these presents shall shall, subject as hereinafter provided, be vested in the Issuer but no person shall be appointed who shall not previously have been approved by an Extraordinary Resolution. One or more persons may hold office as trustee or trustees of these presents but such trustee or trustees shall be or include a Trust Corporation. Whenever there shall be more than two trustees of these presents the majority of such trustees shall be competent to execute and exercise all the duties, powers, trusts, authorities and discretions vested in the Trustee by these presents provided that a Trust Corporation shall be included in such majority. Any appointment of a new trustee of these presents shall as soon as practicable thereafter be notified by the Issuer to the Issue and Principal Paying Agent, the Registrar Agent and the HoldersNoteholders.

Appears in 2 contracts

Samples: Trust Deed (Luxottica Group Spa), Trust Deed (Luxottica Group Spa)

NEW TRUSTEE. 23.1 The power to appoint a new trustee of these presents shall shall, subject as hereinafter provided, be vested in the Issuer but no person shall be appointed who shall not previously have been approved by an Extraordinary Resolution. One or more persons may hold office as trustee or trustees of these presents but such trustee or trustees shall be or include a Trust Corporation. Whenever there shall be more than two trustees of these presents the majority of such trustees shall be competent to execute and exercise all the duties, powers, trusts, authorities and discretions vested in the Trustee by these presents provided that a Trust Corporation shall be included in such majority. Any appointment of a new trustee of these presents shall as soon as practicable thereafter be notified by the Issuer to the Issue and Principal Paying Agent, the Registrar Agent and the HoldersNoteholders.

Appears in 2 contracts

Samples: Trust Deed (Caesars Entertainment, Inc.), Trust Deed (Pearson PLC)

NEW TRUSTEE. 22.1 The power to appoint a new trustee of these presents shall be vested in the Issuer Issuers jointly but no person shall be appointed who shall not previously have been approved by an Extraordinary Resolution. One or more persons may hold office as trustee or trustees of these presents but such trustee or trustees shall be or include a Trust Corporation. Whenever there shall be more than two trustees of these presents the majority of such trustees shall be competent to execute and exercise all the duties, powers, trusts, authorities and discretions vested in the Trustee by these presents provided that a Trust Corporation shall be included in such majority. Any appointment of a new trustee of these presents shall as soon as practicable thereafter be notified by the Issuer Issuers to the Issue and Paying AgentAgent and, in accordance with Condition 14, the Registrar and the HoldersNoteholders.

Appears in 2 contracts

Samples: Twelfth Supplemental Trust Deed, Thirteenth Supplemental Trust Deed

NEW TRUSTEE. 27.1 The power to appoint a new trustee of these presents shall shall, subject as hereinafter provided, be vested solely in the Issuer but no person shall be appointed who shall not previously have been approved by an Extraordinary Resolution. One or more persons may hold office as trustee or trustees of these presents but such trustee or trustees shall be or include a Trust Corporation. Whenever there shall be more than two trustees of these presents the majority of such trustees shall be competent to execute and exercise all the duties, powers, trusts, authorities and discretions vested in the Trustee by these presents provided that a Trust Corporation shall be included in such majority. Any appointment of a new trustee of these presents shall as soon as practicable thereafter be notified by the Issuer to the Issue and Paying Agent, the Registrar Agent and the HoldersNoteholders.

Appears in 1 contract

Samples: Trust Deed

NEW TRUSTEE. (A) The power to appoint a new trustee of these presents shall be vested in the Issuer but no person shall be appointed who shall not previously have been approved by an Extraordinary Resolution. One or more persons may hold office as trustee or trustees of these presents but such trustee or trustees shall be or include a Trust Corporation. Whenever there shall be more than two trustees of these presents presents, the majority of such trustees shall be competent to execute and exercise all the duties, powers, trusts, authorities and discretions vested in the Trustee by these presents presents, provided that a Trust Corporation shall be included in such majority. Any appointment of a new trustee of these presents shall as soon as practicable thereafter be notified by the Issuer to the Issue and Paying Agent, the Registrar Agent and the HoldersNoteholders.

Appears in 1 contract

Samples: First Supplemental Trust Deed (Countrywide Financial Corp)

NEW TRUSTEE. The (A) THE power to appoint a new trustee of these presents shall be vested in the Issuer Issuers jointly but no person shall be appointed who shall not previously have been approved by an Extraordinary Resolution. One or more persons may hold office as trustee or trustees of these presents but such trustee or trustees shall be or include a Trust Corporation. Whenever there shall be more than two trustees of these presents the majority of such trustees shall be Back to Contents competent to execute and exercise all the duties, powers, trusts, authorities and discretions vested in the Trustee by these presents provided that a Trust Corporation shall be included in such majority. Any appointment of a new trustee of these presents shall as soon as practicable thereafter be notified by the Issuer Issuers to the Issue and Paying Agent, the Registrar Agent and the HoldersNoteholders.

Appears in 1 contract

Samples: Fourth Supplemental Trust Deed (Cadbury Schweppes Public LTD Co)

NEW TRUSTEE. The power to appoint a new trustee of these presents shall be vested in the Issuer solely but no person shall be appointed who shall not previously have been approved by an Extraordinary Resolution. One or more persons may hold office as trustee or trustees of these presents but such trustee or trustees shall be or include a Trust Corporation. Whenever there shall be more than two trustees of these presents the majority of such trustees shall be competent to execute and exercise all the duties, powers, trusts, authorities and discretions vested in the Trustee by these presents provided that a Trust Corporation shall be included in such majority. Any appointment of a new trustee of these presents shall as soon as practicable thereafter be notified by the Issuer to the Issue and Principal Paying Agent, the Registrar Agent and the HoldersNoteholders.

Appears in 1 contract

Samples: Trust Deed

NEW TRUSTEE. The (A) THE power to appoint a new trustee of these presents shall be vested in the Issuer Issuers and Telecom Italia jointly but no person shall be appointed who shall not previously have been approved by an Extraordinary Resolution. One or more persons may hold office as trustee or trustees of these presents but such trustee or trustees shall be or include a Trust Corporation. Whenever there shall be more than two trustees of these presents the majority of such trustees shall be competent to execute and exercise all the duties, powers, trusts, authorities and discretions vested in the Trustee by these presents provided that a Trust Corporation shall be included in such majority. Any appointment of a new trustee of these presents shall as soon as practicable thereafter be notified by the Issuer Issuers to the Issue and Paying Agent, the Registrar Agent and the HoldersNoteholders.

Appears in 1 contract

Samples: Trust Deed (Telecom Italia S P A)

NEW TRUSTEE. The (A) THE power to appoint a new trustee of these presents shall be vested in the Issuer but no person shall be appointed who shall not previously have been approved by an Extraordinary Resolution. One or more persons may hold office as trustee or trustees of these presents but such trustee or trustees shall be or include a Trust Corporation. Whenever there shall be more than two trustees of these presents the majority of such trustees shall be competent to execute and exercise all the duties, powers, trusts, authorities and discretions vested in the Trustee by these presents provided that a Trust Corporation shall be included in such majority. Any appointment of a new trustee of these presents shall as soon as practicable thereafter be notified by the Issuer to the Issue and Paying Agent, the Registrar Agent and the HoldersNoteholders.

Appears in 1 contract

Samples: Trust Deed (Countrywide Credit Industries Inc)

NEW TRUSTEE. The (A) THE power to appoint a new trustee of these presents shall be vested in the Issuer but no person shall be appointed who shall not previously have been approved by an Extraordinary Resolution. One or more persons may hold office as trustee or trustees of these presents but such trustee or trustees shall be or include a Trust Corporation. Whenever there shall be more than two trustees of these presents the majority of such trustees shall be competent to execute and exercise all the duties, powers, trusts, authorities and discretions vested in the Trustee by these presents provided that a Trust Corporation shall be included in such majority. Any appointment of a new trustee of these presents shall as soon as practicable thereafter be notified by the Issuer to the Issue and Principal Paying Agent, the Registrar and in accordance with Condition 14 the HoldersNoteholders.

Appears in 1 contract

Samples: Fourth Supplemental Trust Deed (Portugal Telecom SGPS Sa)

NEW TRUSTEE. The power to appoint a new trustee of these presents shall be vested in the Issuer but no person shall be appointed who shall not previously have been approved by an Extraordinary Resolution. One or more persons may hold office as trustee or trustees of these presents but such trustee or trustees shall be or include a Trust Corporation. Whenever there shall be more than two trustees of these presents the majority of such trustees shall be competent to execute and exercise all the duties, powers, trusts, authorities and discretions vested in the Trustee by these presents provided that a Trust Corporation shall be included in such majority. Any appointment of a new trustee of these presents shall as soon as practicable thereafter be notified by the Issuer to the Issue Issuing and Paying AgentAgent and, in accordance with Condition 16, the Registrar and the HoldersNoteholders.

Appears in 1 contract

Samples: Trust Deed (Texas Utilities Co /Tx/)

NEW TRUSTEE. The (A) THE power to appoint a new trustee of these presents shall be vested in the Issuer but no person shall be appointed who shall not previously have been approved by an Extraordinary Resolution. One or more persons may hold office as trustee or trustees of these presents but such trustee or trustees shall be or include a Trust Corporation. Whenever there shall be more than two trustees of these presents the majority of such trustees shall be competent to execute and exercise all the duties, powers, trusts, authorities and discretions vested in the Trustee by these presents provided that a Trust Corporation shall be included in such majority. Any appointment of a new trustee of these presents shall as soon as practicable thereafter be notified by the Issuer to the Issue and Principal Paying Agent, the Registrar Registrar, the Transfer Agents and the Holders.

Appears in 1 contract

Samples: Trust Deed (PPL Electric Utilities Corp)

NEW TRUSTEE. The (A) THE power to appoint a new trustee of these presents shall be vested in the Issuer but no person shall be appointed who shall not previously have been approved by an Extraordinary Resolution. One or more persons may hold office as trustee or trustees of these presents but such trustee or trustees shall be or include a Trust Corporation. Whenever there shall be more than two trustees of these presents the majority of such trustees shall be competent to execute and exercise all the duties, powers, trusts, authorities and discretions vested in the Trustee by these presents provided that a Trust Corporation shall be included in such majority. Any appointment of a new trustee of these presents shall as soon as practicable thereafter be notified by the Issuer to the Issue and Principal Paying Agent, the Registrar Registrar, the Transfer Agents and the Holders.. Back to Contents

Appears in 1 contract

Samples: Trust Deed (United Utilities PLC)

NEW TRUSTEE. The power to appoint a new trustee of these presents shall be vested in the Issuer Issuers jointly but no person shall be appointed who shall not previously have been approved by an Extraordinary Resolution. One or more persons may hold office as trustee or trustees of these presents but such trustee or trustees shall be or include a Trust Corporation. Whenever there shall be more than two trustees of these presents the majority of such trustees shall be competent to execute and exercise all the duties, powers, trusts, authorities and discretions vested in the Trustee by these presents provided that a Trust Corporation shall be included in such majority. Any appointment of a new trustee of these presents shall as soon as practicable thereafter be notified by the Issuer Issuers to the Issue and Paying Agent, the Registrar and the Holders.Holders.β€Œ

Appears in 1 contract

Samples: Supplemental Trust Deed