Common use of Removal of Trustee Clause in Contracts

Removal of Trustee. The Trustee may be removed at any time, by an instrument or concurrent instruments in writing delivered (a) to the Trustee and to the Issuer and the Company, and signed by the owners of a majority in aggregate principal amount of Bonds then Outstanding, or (b) to the Trustee and the owners of all Bonds then Outstanding, and signed by the Issuer and the Company.

Appears in 5 contracts

Samples: Trust Indenture (Entergy Arkansas Inc), Trust Indenture (Entergy Arkansas Inc), Trust Indenture (Entergy Mississippi Inc)

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Removal of Trustee. The Trustee may be removed at any time, with or without cause, by an instrument or concurrent instruments in writing delivered (a) delivered to the Trustee and to Trustee, the Issuer City and the Company, Developer and signed by the owners Owners of a majority in aggregate principal amount of Bonds then then- Outstanding, or (b) so long as no Event of Default under this Indenture or the Lease has occurred and is continuing, delivered to the Trustee Trustee, the City and the owners of all Bonds then Outstanding, Owners and signed by the Issuer and the CompanyDeveloper.

Appears in 3 contracts

Samples: Lease Agreement, Lease Agreement, Memorandum of Lease Agreement

Removal of Trustee. The Trustee may be removed at any time, time (i) by an instrument or concurrent instruments in writing delivered (a) to the Trustee and to the Issuer and the Company, HRTAC and signed by the owners Owners of a majority in aggregate principal amount of Bonds then Outstanding, or (b) to the Trustee and the owners of all Bonds then Outstanding, and signed by the Issuer and the Company.Outstanding or

Appears in 3 contracts

Samples: Master Indenture of Trust, Master Indenture of Trust, Master Indenture of Trust

Removal of Trustee. The Trustee may be removed at any time, time by an instrument or concurrent instruments in writing delivered (a) to the Trustee and to the Issuer and the Company, and signed by the owners of a majority in aggregate principal amount of Bonds then Outstanding, or (b) to the Trustee and the owners of all Bonds then Outstanding, and signed by the Issuer and the Company.

Appears in 2 contracts

Samples: Twelfth Supplemental Indenture (Unitil Corp), Twelfth Supplemental Indenture (Unitil Corp)

Removal of Trustee. The Trustee may be removed at any time, time by an instrument or concurrent instruments in writing delivered (a) to the Trustee and to Trustee, the Issuer and Authority, the Company, the Remarketing Agent, the Tender Agent and the Paying Agent and signed by the owners of a majority in aggregate principal amount of Bonds then Outstanding, or (b) to the Trustee and the owners of all Bonds then Outstanding, and signed by the Issuer and the Companyoutstanding.

Appears in 2 contracts

Samples: Loan and Trust Agreement (Teco Energy Inc), Loan and Trust Agreement (Tampa Electric Co)

Removal of Trustee. The Trustee may be removed at any time, time by an instrument or concurrent instruments in writing delivered (a) to filing with the Trustee so removed, and to with the Issuer Authority and the Company, and signed an instrument or instruments in writing, appointing a successor, or an instrument or instruments in writing, consenting to the appointment by the owners Authority (at the direction of the Company) of a successor and accompanied by an instrument of appointment by the Authority (at the direction of the Company) of such successor, and in any event executed by Owners of not less than a majority in aggregate principal amount of the Bonds then Outstanding, such filing to be made by any Owner of a Bond or (b) to the Trustee and the owners of all Bonds then Outstanding, and signed by the Issuer and the Companyhis duly authorized attorney.

Appears in 2 contracts

Samples: Indenture of Trust (Tucson Electric Power Co), Indenture of Trust (Tucson Electric Power Co)

Removal of Trustee. The Trustee may be removed at any time, time by an instrument or concurrent instruments in writing delivered (a) to the Trustee Trustee, Borrower and to the Issuer and the Company, and signed by the owners of a majority in aggregate principal amount of Bonds then Outstanding, or (b) to the Trustee and the owners of all Bonds then OutstandingIssuer, and signed by the Issuer and or by the CompanyBondowner Representative.

Appears in 2 contracts

Samples: Indenture of Trust, Indenture of Trust

Removal of Trustee. The Trustee may be removed at any time, by an instrument or concurrent instruments in writing delivered (a) to the Trustee and to the Issuer and the Company, and signed by the owners of a majority in aggregate principal amount of Bonds then Outstanding, or (b) to the Trustee and the owners of all Bonds then Outstanding, and signed by the Issuer and the Companyoutstanding.

Appears in 2 contracts

Samples: Trust Indenture (Gulf Power Co), Trust Indenture (Gulf Power Co)

Removal of Trustee. The Trustee may be removed at any time, time by an instrument or concurrent instruments in writing delivered (a) to the Trustee and to the Issuer and the CompanyIssuer, and signed by the owners holders of a majority in aggregate principal amount of Bonds then Outstanding, or (b) to the Trustee and the owners of all Bonds then Outstanding, and signed by the Issuer and the Companyoutstanding hereunder.

Appears in 2 contracts

Samples: Trust Indenture (Entergy Louisiana, LLC), Trust Indenture (Gulf States Utilities Co)

Removal of Trustee. The Trustee may be removed at any time, time by an instrument or concurrent instruments in writing delivered (a) to the Trustee and to the Issuer and the CompanyIssuer, and signed by the owners holders of a majority in aggregate principal amount of Bonds then Outstanding, or (b) to the Trustee and the owners of all Bonds then Outstanding, and signed by the Issuer and the CompanyDebentures Outstanding hereunder.

Appears in 1 contract

Samples: Trust Indenture (Cross Border Resources, Inc.)

Removal of Trustee. The Trustee may be removed at any time, by an instrument or concurrent instruments in writing delivered (a) to the Trustee and to the Issuer and the CompanyIssuer, and signed by the owners Owners of a majority in aggregate principal amount of Bonds then OutstandingOutstanding or by the Company so long as no Event of Default as defined in Section 8.01(a), or (b) to the Trustee or (d) hereof has occurred and the owners of all Bonds then Outstanding, and signed by the Issuer and the Companyis continuing.

Appears in 1 contract

Samples: Trust Indenture (System Energy Resources Inc)

Removal of Trustee. The Trustee may be removed at any time, time by an instrument or concurrent instruments in writing delivered (a) to the Trustee and to the Issuer and the Companywriting, and signed by the owners Issuer or by the Servicer (subject to the prior written consent of a majority in aggregate principal amount of Bonds then Outstandingthe Issuer, which consent shall not be unreasonably withheld or (bdelayed, if such removal is not for cause) to and filed with the Trustee and the owners Borrower; provided that no removal shall become effective until the acceptance of all Bonds then Outstanding, and signed appointment by the Issuer and the Companya successor Trustee as provided in Section 7.08 of this Indenture.

Appears in 1 contract

Samples: Trust Indenture

Removal of Trustee. The Trustee may be removed at any time, time by an instrument or concurrent instruments in writing delivered writing, (ai) to the Trustee and to the Issuer and the Company, and signed executed by the owners Holders of not less than a majority in aggregate principal amount of Bonds then OutstandingOutstanding and filed with the District, or (b) to the Trustee and the owners of all Bonds then Outstanding, and signed by the Issuer and the Company.or

Appears in 1 contract

Samples: Trust Agreement

Removal of Trustee. The Trustee may be removed at any time, by an instrument or concurrent instruments in writing delivered (a) to the Trustee and to the Issuer and the Company, and signed by the owners of a majority in aggregate principal amount of Bonds then Outstandingoutstanding, or (b) to the Trustee and the owners of all Bonds then Outstandingoutstanding, and signed by the Issuer and the Company.

Appears in 1 contract

Samples: Trust Indenture (Gulf Power Co)

Removal of Trustee. The Trustee may be discharged and removed at any time, time by an instrument or concurrent instruments in writing writing, delivered (a) to the Trustee and to the Issuer and the CompanyIssuer, and signed by the owners of a majority 66.67% in aggregate principal amount of Bonds the then Outstanding, or (b) to the Trustee and the owners of all Bonds then Outstanding, and signed by the Issuer and the Companyoutstanding Notes.

Appears in 1 contract

Samples: Trust Indenture (Fieldpoint Petroleum Corp)

Removal of Trustee. The Trustee may be removed at any time, by an instrument or concurrent instruments in writing delivered (a) to the Trustee and to the Issuer and the CompanyIssuer, and signed by the owners Bondowners of a majority in aggregate principal amount of Bonds then Outstanding, or (b) to the Trustee and the owners of all Bonds then Outstanding, and signed by the Issuer and the Company.

Appears in 1 contract

Samples: Bond Agreement (ENERGY COMPOSITES Corp)

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Removal of Trustee. The Trustee may be removed at any time, time by an instrument or concurrent instruments in writing delivered (a) to writing, filed with the Trustee and to the Issuer and the Company, and signed by the owners Owners of a majority in aggregate principal amount of Bonds then Outstanding, or (b) to the Outstanding Bonds. The Authority may also remove the Trustee and at any time, except during the owners existence of all Bonds then Outstanding, and signed by the Issuer and the Company.an Event of Default.‌

Appears in 1 contract

Samples: Indenture

Removal of Trustee. The Trustee may be discharged and removed at any time, time by an instrument or concurrent instruments in writing writing, delivered (a) to the Trustee and to the Issuer and the CompanyIssuer, and signed by the owners of a majority 66.67% in aggregate principal amount of Bonds the then Outstanding, or (b) to the Trustee and the owners of all Bonds then Outstanding, and signed by the Issuer and the Companyoutstanding Debentures.

Appears in 1 contract

Samples: Trust Indenture (Global Casinos Inc)

Removal of Trustee. The Trustee may be removed at any time, time ------------ ------------------ by an instrument or concurrent instruments in writing delivered (a) to the Trustee and to the Issuer and the Company, and signed by the owners Bondholders of a majority in aggregate principal amount of Bonds then Outstanding; provided, or (b) however, that nothing contained herein shall relieve the Borrower of its obligation to pay the fees and expenses of the Trustee incurred to the Trustee date of such removal. Such removal shall only become effective upon appointment of and the owners of all Bonds then Outstanding, and signed acceptance by the Issuer and the Companya successor Trustee.

Appears in 1 contract

Samples: Indenture of Trust (Pen Tab Industries Inc)

Removal of Trustee. The Trustee may be removed at any time, time by an instrument or concurrent instruments in writing delivered (a) to the Trustee and to Trustee, executed by the Issuer and the Company, and signed by Corporation or at the owners written direction of the Owners of at least a majority in aggregate principal amount of Bonds then Outstanding, or (b) to the Trustee and the owners of all Bonds then Outstanding, and signed by the Issuer and the CompanyOutstanding Bonds.

Appears in 1 contract

Samples: Trust Indenture (Elecsys Corp)

Removal of Trustee. The Trustee may be removed at any time, time by an instrument or concurrent instruments in writing delivered (a) to the Trustee and to the Issuer and the Company, and signed by the owners Owners of a majority in aggregate principal amount of the Bonds then Outstanding, or (b) to the Trustee and the owners of all Bonds then Outstanding, and signed by the Issuer and the Company.

Appears in 1 contract

Samples: Bond Indenture and Security Agreement

Removal of Trustee. The Trustee may be removed at any time, by an instrument or concurrent instruments in writing delivered (a) to the Trustee and to the Issuer and the CompanyCounty, and signed by the owners of a majority in aggregate principal amount of Bonds then Outstanding, or (b) to the Trustee and the owners of all Bonds then Outstanding, and signed by the Issuer and the Companyoutstanding.

Appears in 1 contract

Samples: Trust Indenture (Mississippi Power & Light Co)

Removal of Trustee. The Trustee may be removed at any time, time by an instrument or concurrent instruments in writing delivered (a) to the Trustee and to the Issuer and the CompanyXxxxxx Mae, and signed by the Issuer (or if an Event of Default shall have occurred and be continuing, by the owners of a majority in aggregate principal amount of the Bonds then Outstanding, in which event such instrument or (b) instruments in writing shall also be delivered to the Issuer) provided that such removal shall not take effect until the appointment of a successor Trustee and the owners of all Bonds then Outstanding, and signed by the Issuer and (or by the CompanyBondholders).

Appears in 1 contract

Samples: Indenture of Trust

Removal of Trustee. The Trustee may be removed at any time, but only for the reasons specified in Section 7.7, by an instrument or concurrent instruments in writing delivered (a) to the Trustee and to the Issuer and the Company, and signed executed by the owners holders of a majority at least 66-2/3% in aggregate principal amount of Bonds then Outstanding, or (b) the Notes at the time outstanding and delivered to the Trustee with a copy to the Company, specifying the removal and the owners of all Bonds then Outstanding, and signed by the Issuer and the Companydate when it shall take effect.

Appears in 1 contract

Samples: Trust Indenture (Chi Energy Inc)

Removal of Trustee. The Trustee may be removed at any timetime by the Borrower, so long as no event of default has occurred and is continuing under the Loan Agreement, by the Issuer, or, if the Issuer is in default hereunder, by an instrument or substantially concurrent instruments in writing delivered (a) to the Trustee and to Issuer, the Issuer and Trustee, the CompanyTender Agent, the Remarketing Agent and signed by the owners holders of a majority more than fifty percent (50%) in aggregate principal amount of the Bonds then Outstanding, or (b) to outstanding. Such removal shall take effect only upon the Trustee and the owners appointment of all Bonds then Outstanding, and signed by the Issuer and the Companya successor Trustee.

Appears in 1 contract

Samples: Indenture of Trust (Iac Capital Trust)

Removal of Trustee. The Any Trustee hereunder may be removed at any time, time by an instrument or concurrent instruments in writing delivered (a) appointing a successor to the Trustee and to the Issuer and the Companyso removed, and signed executed by the owners Owners of a majority in aggregate principal amount of the Bonds then Outstanding, or (b) to Outstanding and filed with the Trustee and the owners of all Bonds then Outstanding, and signed by the Issuer and the CompanyAuthority.

Appears in 1 contract

Samples: Trust Indenture (Sterigenics International)

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