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 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.

Appears in 2 contracts

Samples: Simmons Co /Ga/, Simmons Co /Ga/

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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 time, by an instrument or concurrent instruments in writing delivered to the Trustee and to the Issuer Issuer, the Company, the Remarketing Agent and the Bank and signed by the Owners holders 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 TrusteeBonds outstanding.

Appears in 1 contract

Samples: Trust Indenture (Sterigenics International)

Removal of the Trustee. (A) The Trustee may be removed at any time by an instrument in writing signed by the Issuer delivered to the Trustee or time, by an instrument or concurrent instruments in writing delivered to the Trustee Trustee, the Issuer, the Bank and to the Issuer Company, and signed by the Owners of a majority in aggregate principal amount of Outstanding Bondsall Bonds then Outstanding. Such notice shall specify the date that such removal shall not take effect until the appointment of a successor Trustee or temporary Trusteeeffect.

Appears in 1 contract

Samples: Trust Indenture (Angiodynamics Inc)

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 Trustee, Borrower, and/or Issuer, and signed by (i) the Owners Issuer so long as no Event 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.Default has occurred and is continuing and‌

Appears in 1 contract

Samples: Trust Indenture

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 time, by an instrument or concurrent instruments in writing delivered to the Trustee and to the Issuer Issuer, and signed by the Owners owners of a majority in aggregate principal amount of Outstanding the Bonds. Such removal shall not take effect until the appointment of a successor Trustee or temporary Trustee.

Appears in 1 contract

Samples: Lease Agreement (Tenaska Georgia Partners Lp)

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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 County and signed by the Owners holders of a majority in aggregate principal amount of Outstanding the Bonds. Such removal shall not take effect until the appointment of a successor Trustee or temporary Trustee.

Appears in 1 contract

Samples: Agreement of Sale (Toms Foods Inc)

Removal of the Trustee. The Trustee may be removed at any time time, by filing with the Trustee so removed, and with the Issuer and the Company, an instrument or instruments in writing, appointing a successor, or an instrument or instruments in writing, consenting to the appointment by the Issuer of a successor and accompanied by an instrument in writing signed of appointment by the Issuer delivered to the Trustee or by an instrument or concurrent instruments of such successor, and in writing delivered to the Trustee and to the Issuer and signed any event executed by the Owners owners of a majority not less than fifty-one percent (51%) in aggregate principal amount of Outstanding Bonds. Such removal shall not take effect until the appointment of a successor Trustee or temporary TrusteeBonds then Outstanding.

Appears in 1 contract

Samples: Indenture of Trust (Laidlaw Environmental Services Inc)

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