Common use of Removal and/or Substitution of the Manager Clause in Contracts

Removal and/or Substitution of the Manager. Approve the removal of the Manager and approve the appointment of another Person deemed to be a qualified manager by the Extraordinary Holders Meeting to act as manager of the Trust, in accordance with the terms set forth in the Management Agreement, except that the approval of the Extraordinary Holders Meeting shall not be required in the event the Manager assigns its rights and obligations under the Management Agreement to an Affiliate of the Manager.

Appears in 4 contracts

Samples: Irrevocable Trust Agreement, Irrevocable Trust Agreement, Irrevocable Trust Agreement

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