Removal, Resignation and Replacement Sample Clauses

Removal, Resignation and Replacement. The Company may remove any Registrar, Paying Agent or Conversion Agent by delivering written notice to the Trustee and to such Registrar, Paying Agent or Conversion Agent; provided, however, that no such removal will become effective unless (i) after such removal, at least one Registrar, Paying Agent and Conversion Agent will remain; (ii) a successor has accepted appointment as Registrar, Paying Agent or Conversion Agent, as the case may be, the Company and such successor have entered into an agency agreement in accordance with Section 2.06(a) hereof, and the Company has delivered written notice of such appointment and a copy of such agency agreement to the Trustee, or (iii) the Company has delivered written notice to the Trustee that the Trustee will serve as the successor Registrar, Paying Agent or Conversion Agent, as the case may be, in accordance with Section 2.06(d) hereof; and provided, further, that the right to effect any such change or removal in no way relieves the Company of its obligation to maintain a Registrar, Paying Agent and Conversion Agent in the continental United States. The Company may also change the place where notices and demands to, or upon, the Company with respect to the Notes and this Indenture may be served, or reduce the number of such places; provided, however, that the right to effect any such change or reduction in no way relieves the Company of its obligation to maintain a place in the continental United States where notices and demands to, or upon, the Company with respect to the Notes and this Indenture may be served. In addition, the Registrar, Paying Agent or Conversion Agent may resign at any time by delivering written notice of such resignation to each of the Company and the Trustee.

Removal, Resignation and Replacement. (a) The Collateral Manager may be removed upon at least 30 days’ prior written notice if a Collateral Manager Event of Default has occurred, by the Issuer or the Trustee, if the Holders of at least 66-2/3% in Aggregate Outstanding Amount of each Class of Notes then outstanding give written notice to the Collateral Manager, the Issuer and the Trustee directing such removal. Notice of any such removal shall be delivered by the Trustee on behalf of the Issuer to the Rating Agencies. The Collateral Manager cannot be removed without cause. None of the Collateral Manager, its affiliates and clients and funds for whom the Collateral Manager or any of its affiliates acts as investment adviser (collectively, the “Collateral Manager Related Parties”) are entitled to vote the Preferred Shares or Notes held by any of the Collateral Manager Related Parties with respect to the removal of the Collateral Manager (or waiver of any event or circumstance constituting grounds for removal). However, at any given time, except where noted otherwise, the Collateral Manager Related Parties may vote the Preferred Shares and Notes (if any) held by them with respect to all other matters in accordance with the applicable documents. In no event will the Trustee be required to determine whether or not a Collateral Manager Event of Default has occurred for the removal of the Collateral Manager. (b) For this purposes of this Agreement, a “Collateral Manager Event of Default” means any of the following events:

Removal, Resignation and Replacement. The Grantor may at any time remove the Delaware Trustee by giving thirty (30) days written notice thereof to the Delaware Trustee, such removal to be effective upon the appointment of a successor Delaware Trustee. The rights and duties of the Delaware Trustee hereunder (other than the Delaware Trustee’s rights to receive payments to the extent accrued prior to termination and to be indemnified hereunder) shall terminate upon the incapacity to act, death or bankruptcy or other insolvency of the Delaware Trustee. No interest in the Trust Property, nor any of the rights and duties of an incapacitated, deceased, bankrupt or insolvent Delaware Trustee, may be transferred by the Delaware Trustee by will, devise, succession or in any other manner except as provided in this Agreement. The Delaware Trustee may resign by giving sixty (60) days advance written notice of resignation to the Grantor, provided that the Delaware Trustee agrees that any such resignation shall not become effective until a successor Delaware Trustee has been appointed. In the event of the Delaware Trustee’s resignation, removal, incapacity to act, death or bankruptcy or other insolvency, the Delaware Trustee shall be succeeded by a successor trustee chosen by the Grantor in compliance with the terms of this Agreement. Any successor Delaware Trustee shall succeed to all of the rights and obligations of the Delaware Trustee replaced hereunder upon execution by such successor trustee of a counterpart of this Agreement. A successor Delaware Trustee shall not be liable for breaches of this Agreement committed by a predecessor Delaware Trustee.

Removal, Resignation and Replacement. The Grantor may at any time remove the Delaware Trustee by giving thirty (30) days written notice thereof to the Delaware Trustee, such removal to be effective upon the appointment of a successor Delaware Trustee. The rights and duties of the Delaware Trustee hereunder (other than the Delaware Trustee’s rights to receive payments to the extent accrued prior to termination and to be indemnified hereunder) shall terminate upon the incapacity to act, death or bankruptcy or other insolvency of the Delaware Trustee. No interest in the Trust Property, nor any of the rights and duties of an incapacitated, deceased, bankrupt or insolvent Delaware Trustee, may be transferred by the Delaware Trustee by will, devise, succession or in any other manner except as provided in this Agreement. The Delaware