Common use of Removal of the Trustee Clause in Contracts

Removal of the Trustee. The Trustee may be removed at any time pursuant to Article XII or by an instrument or document or concurrent instruments or documents in writing delivered to the Trustee, with copies thereof mailed to the Issuer, the Registrar and the Company, and signed by or on behalf of the Holders of not less than a majority in aggregate principal amount of the Bonds then outstanding. The Trustee also may 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 with respect to the duties and obligations of the Trustee by any court of competent jurisdiction upon the application of the Issuer or the Holders of not less than 20 percent in aggregate principal amount of the Bonds then outstanding under this Indenture.

Removal of the Trustee. The Trustee may be removed at any time pursuant to Article XII or time, by an instrument or document or concurrent instruments or documents in writing delivered to the Trustee, with copies thereof mailed Trustee and to the Issuer, the Registrar and signed by (a) the Company, and signed by provided the Bank shall consent thereto in writing, or on behalf of (b) the Holders of not less than a majority in aggregate principal amount of the Bonds then outstandingOutstanding. 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 by any court of competent jurisdiction Trustee. Such removal shall take effect only upon the application appointment of the Issuer or the Holders of not less than 20 percent in aggregate principal amount of the Bonds then outstanding under this Indenturea successor trustee.

Removal of the Trustee. The Trustee may be removed at any time pursuant to Article XII or time, by an instrument or document or concurrent instruments or documents in writing delivered to the Trustee, with copies thereof mailed Trustee and to the Issuer, the Registrar and the Company, and signed by or on behalf of the Holders of not less than a majority in aggregate principal amount of the Bonds then outstandingOutstanding. 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 by any court of competent jurisdiction Trustee. Such removal shall take effect only upon the application appointment of the Issuer or the Holders of not less than 20 percent in aggregate principal amount of the Bonds then outstanding under this Indenturea successor trustee.