Removal of the Trustee. The Trustee may be removed at any time by an instrument or concurrent instruments in writing delivered to the Trustee and to the Issuer and signed by all the Bondholders. The fees and expenses of the Trustee shall be paid prior to the effectiveness of any removal.
Removal of the Trustee. The Sponsor may, with or without cause, remove any Trustee acting hereunder by giving notice in writing to the Trustee at least 60 days before such removal is to become effective, unless the Trustee shall accept as adequate a shorter notice.
Removal of the Trustee. The Trustee may be removed at any time by an instrument in writing signed by the Issuer delivered to the Trustee or by an instrument or concurrent instruments in writing delivered to the Trustee and to the Issuer and signed by the Owners of a majority in aggregate principal amount of Outstanding Bonds. Such removal shall not take effect until the appointment of a successor Trustee or temporary Trustee.
Removal of the Trustee. The Trustee may be removed at any time by the Issuer or the Company (provided the Company is not in default under the Agreement), or by an instrument or concurrent instruments in writing delivered to the Trustee, the Company and to the Issuer and signed by the Owners of at least a majority in aggregate principal amount of Outstanding Bonds. Such removal shall not take effect until (i) the appointment and acceptance of a successor Trustee or temporary Trustee and the transfer to said successor or temporary Trustee of the Credit Facility and (ii) payment in full of all fees and expenses and other amounts payable to the Trustee pursuant thereto or to the Agreement.
Removal of the Trustee. (a) In case at any time either of the following shall occur:
(1) the Trustee shall cease to be eligible in accordance with the provisions of Section 10.02 hereof and shall fail to resign after written request therefor by the Issuer or by any Bondholder who has been a bona fide holder of a Bond for at least six months, or
(2) the Trustee shall become incapable of acting, or shall be adjudged a bankrupt or insolvent, or a receiver of the Trustee or of its property shall be appointed, or any public officer shall take charge or control of the Trustee or of its property or affairs for the purpose of rehabilitation, conservation or liquidation, then, in any such case, the Issuer may remove the Trustee and appoint a successor Trustee (with the advice of the Borrower and the consent of the Bond Insurer) by an instrument in writing, or any such Bondholder may, on behalf of itself and all others similarly situated, petition any court of competent jurisdiction for the removal of the Trustee and the appointment of a successor Trustee, in each case, meeting the eligibility standards set forth in Section 10.02. Such court may thereupon, after such notice if any, as it may deem proper and may prescribe, remove the Trustee and appoint a successor Trustee.
(b) The Issuer, in its sole discretion or upon the written request of an Authorized Borrower Representative, or the Owners of a majority in aggregate principal amount of the Bonds at the time outstanding or the Bond Insurer or the Bank, for any failure by the Trustee to fulfill its obligations hereunder may at any time, with or without cause, remove the Trustee and appoint a successor Trustee by an instrument or concurrent instruments in writing signed by the Issuer (with the advice of the Borrower and the consent of the Bond Insurer and the Bank) or such Bondholders, as the case may be.
(c) Any resignation or removal of the Trustee and appointment of a successor trustee, pursuant to any of the provisions of this Section shall not become effective until the acceptance of appointment by the successor Trustee as provided in Section 10.09 and acceptance by the successor Trustee of the trusts created hereby.
Removal of the Trustee. Subject to Section 8.10 below, the Trustee may be removed with or without cause by means of a written notice delivered to the Trustee at least 60 (sixty) calendar days in advance of the effective date of such removal (i) by the Manager with the consent of the Ordinary Holders Meeting, or (ii) by the Ordinary Holders Meeting, with notice to the Manager. The Manager or the Ordinary Holders Meeting shall appoint a substitute Trustee, which shall be acceptable to the Manager (if the Ordinary Holders delivered such notice) or to the Ordinary Holders Meeting (if the Manager delivered such notice). The Trustee shall not cease to be the Trustee hereunder until the substitute Trustee executes the acknowledgment document referred to in Section 8.11(b)
Removal of the Trustee. The Trustee may be removed at any time, by an instrument or concurrent instruments in writing delivered to the Trustee and to the Issuer, and signed by the Holders of a majority in aggregate principal amount of Bonds then Outstanding. The Trustee also may be removed at any time by any court of competent jurisdiction upon the application of the Issuer or the Holders of not less than 25% in aggregate principal amount of the Bonds then Outstanding, for any breach of trust or for acting or proceeding in violation of, or for failing to act or proceed in accordance with, any provision of this Indenture with respect to the duties and obligations of the Trustee. Such removal shall take effect only upon the appointment of a successor trustee.
Removal of the Trustee. The Trustee may be removed at any time upon thirty (30) days’ written notice by an instrument or concurrent instruments in writing delivered to the Trustee and to the Issuer and signed by all the Bondholders.
Removal of the Trustee. The Trustee may be removed at any time without cause by an instrument which (i) is signed by the Owners of not less than fifty percent (50%) in aggregate principal amount of the Bonds then Outstanding, (ii) specifies the date on which such removal shall take effect and the name and address of the successor Trustee and (iii) is delivered to the Trustee, the Issuer and the Company. The Trustee may also be removed at any time for any breach of trust or for acting or proceeding, in violation of, or for failing to act or proceed in accordance with, any provision of this Indenture by any court of competent jurisdiction upon the application by the Issuer, the Company or the Owners of not less than twenty-five percent (25%) in aggregate principal amount of the Bonds then Outstanding. In addition, prior to the occurrence of an Event of Default, or an event which, with the passage of time, the giving of notice, or both, would constitute an Event of Default, the Trustee may be removed at any time without cause by an instrument in writing delivered to the Trustee and to the Issuer and signed by the Company. The removal of the Trustee hereunder shall not take effect until a successor Trustee or temporary Trustee has been appointed pursuant to Section 8.08 hereof.
Removal of the Trustee. The Trustee may be removed at any time through written notice provided by both Beneficiaries (all Beneficiary A and Beneficiary B, jointly) at least 30 (thirty) calendar days in advance. The Trustee may be removed with cause, at the discretion of the Beneficiaries, at any time.
