Common use of Removal of the Trustee Clause in Contracts

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.

Appears in 8 contracts

Samples: Trust Indenture Between, Trust Indenture Between, Trust Indenture Between

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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 signed by (i) the Issuer if no event of default has occurred and signed by all is continuing unremedied or unwaived; or (ii) the Requisite Bondholders. The fees and expenses of the Trustee shall be paid prior to the effectiveness of any removal.

Appears in 3 contracts

Samples: Trust Indenture, Trust Indenture, Trust Indenture

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 removalExpenditure Agreement Owners.

Appears in 2 contracts

Samples: Trust Indenture, Trust Indenture

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.

Appears in 2 contracts

Samples: Financing Agreement, Trust Indenture

Removal of the Trustee. The Trustee may be removed at any time time, by an instrument or concurrent instruments in writing delivered to the Trustee and Trustee, to the Issuer and to the Borrower, and signed by all the Bondholders. The fees owners of a majority in aggregate principal amount of Bonds then outstanding, or (so long as no Event of Default is then existing under this Indenture) signed by the Borrower and expenses of delivered to the Trustee and the Issuer, and such removal shall be paid prior take effect upon the appointment of a successor Trustee pursuant to the effectiveness provisions of any removalSection 10.08 hereof and the acceptance by the successor Trustee of such appointment.

Appears in 2 contracts

Samples: Trust Indenture (First United Ethanol LLC), Trust Indenture (First United Ethanol LLC)

Removal of the Trustee. The Trustee may be removed at any time by an instrument or concurrent instruments in writing delivered to the Trustee Trustee, to the Issuer, the Letter of Credit Bank and to the Issuer Borrowers and signed by all or on behalf of the Bondholders. The fees and expenses holders of a majority in aggregate principal amount of Bonds then outstanding; provided however, that the removal of the Trustee shall not be paid prior effective until a successor Trustee has been appointed pursuant to the effectiveness of any removalSection 5.08 hereof.

Appears in 1 contract

Samples: Lower Road Associates LLC

Removal of the Trustee. The Trustee may be removed at any time time, by an instrument or concurrent instruments in writing delivered to the Trustee Trustee, the Issuer, and to the Issuer Company and signed by all the Bondholdersowners of a majority in aggregate principal amount of Bonds then outstanding. The fees and expenses In addition, the Trustee may be removed, upon written notice from the Issuer, at the direction of the Trustee shall be paid prior Company (provided that the Company is not in default under the Agreement), to the effectiveness of any removalTrustee. Section 1008.

Appears in 1 contract

Samples: Intrepid Technology & Resources, Inc.

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 Issuer, the Company, the Guarantor, any Co-Paying Agent, any Co-Note Registrar and the Bank and signed by all the Bondholders. The fees and expenses Owners of the Trustee shall be paid prior to the effectiveness a majority in aggregate principal amount of any removalOutstanding Notes.

Appears in 1 contract

Samples: Plainwell Inc

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 signed by (i) the Issuer if no event of default has occurred and signed by all is continuing unremedied or unwaived; or (ii) the Requisite Bondholders. The All fees and expenses of due and owing to the Trustee Trustee, including counsel fees, shall be paid prior to the effectiveness of any removal.

Appears in 1 contract

Samples: Trust Indenture

Removal of the Trustee. The Trustee may be removed at any time time, by an instrument or concurrent instruments in writing delivered to the Trustee Trustee, the Issuer, and to the Issuer Obligated Group and signed by all a Majority of Holders, subject to the Bondholdersappointment of a successor or temporary Trustee. The fees and expenses of the Trustee shall so removed will be upon satisfaction of its obligations under Section 10.09 paid prior to the effectiveness of any removalin full.

Appears in 1 contract

Samples: Trust Indenture

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Removal of the Trustee. The Trustee may be removed at any time time, by an instrument or concurrent instruments in writing delivered to the Trustee and to the Issuer Issuer, and signed by all the Bondholders. The fees holders of sixty-six and expenses two-thirds percent (66 2/3%) in aggregate principal amount of the Trustee shall be paid prior to the effectiveness of any removalBonds then outstanding.

Appears in 1 contract

Samples: Enron Corp/Or/

Removal of the Trustee. The Trustee may be removed at any time time, by an instrument or concurrent instruments in writing delivered to the Trustee and to the Issuer Issuer, and signed by all the Bondholders. The fees and expenses owners of the Trustee shall be paid prior to the effectiveness a majority in aggregate principal amount of any removalBonds then outstanding.

Appears in 1 contract

Samples: Lease Agreement (Conrad Industries Inc)

Removal of the Trustee. The Trustee may be removed at any time after thirty (30) days’ prior written notice and payment of its fees and expenses 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.

Appears in 1 contract

Samples: Trust Indenture

Removal of the Trustee. The Trustee may be removed at any time time, by an instrument or concurrent instruments instrument in writing delivered to the Trustee Trustee, to the Issuer, and to the Issuer Company and signed by all the Bondholders. The fees and expenses or on behalf of the holder or holders of a majority in aggregate principal amount of Bonds then outstanding. Such removal shall not become effective until the appointment of a successor Trustee shall be paid prior to by the effectiveness Bondholders or by the Issuer and acceptance by the successor Trustee of any removalthe trusts hereby created.

Appears in 1 contract

Samples: Trust Agreement (Sterigenics International)

Removal of the Trustee. (a) The Trustee may be removed at any time by an instrument or document or concurrent instruments or documents in writing delivered to the Trustee and Trustee, with copies thereof mailed to the Issuer Issuer, the Registrar and any Paying Agents, and signed (i) by all the Bondholders. The fees and expenses or on behalf of the Trustee shall be paid prior to Holders of not less than a majority in aggregate principal amount of the effectiveness Senior Bonds then outstanding, or (ii) as long as no Event of any removalDefault has occurred under the Indenture, by the Issuer.

Appears in 1 contract

Samples: Wca Shiloh Landfill LLC

Removal of the Trustee. The Trustee may be removed at any time time, by an instrument or concurrent instruments in writing delivered to the Trustee Trustee, the Issuer, the Credit Bank and to the Issuer Company and signed by all the Bondholders. The fees and expenses holders of the Trustee a majority in aggregate principal amount of Bonds then Outstanding; provided, however, that such removal shall be paid not take effect prior to the effectiveness appointment of any removala successor Trustee pursuant to the provisions of Section 8.9 of this Indenture and acceptance by the successor Trustee of such trusts.

Appears in 1 contract

Samples: Enron Corp/Or/

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