Common use of Replacement of COLT Indenture Trustee Clause in Contracts

Replacement of COLT Indenture Trustee. (a) The COLT Indenture Trustee may at any time give notice of its intent to resign by so notifying COLT and the COLT 2007-SN1 Secured Noteholders; provided, however, that no such resignation shall become effective and the COLT Indenture Trustee shall not resign prior to the time set forth in Section 6.8(c). The Holders of a majority of the Outstanding Amount of the COLT 2007-SN1 Secured Notes may remove the COLT Indenture Trustee by so notifying the COLT Indenture Trustee and may appoint a successor COLT Indenture Trustee. Such resignation or removal shall become effective in accordance with Section 6.8(c). COLT shall remove the COLT Indenture Trustee if:

Replacement of COLT Indenture Trustee. (a) The COLT Indenture Trustee may at any time give notice of its intent to resign by so notifying COLT and the COLT 20072005-SN1 Secured Noteholders; provided, however, that no such resignation shall become effective and the COLT Indenture Trustee shall not resign prior to the time set forth in Section 6.8(c). The Holders of a majority of the Outstanding Amount of the COLT 20072005-SN1 Secured Notes may remove the COLT Indenture Trustee by so notifying the COLT Indenture Trustee and may appoint a successor COLT Indenture Trustee. Such resignation or removal shall become effective in accordance with Section 6.8(c). COLT shall remove the COLT Indenture Trustee if:

Replacement of COLT Indenture Trustee. (a) The COLT Indenture Trustee may at any time give notice of its intent to resign by so notifying COLT and the COLT 2007-SN1 200__-___ Secured Noteholders; provided, however, that no such resignation shall become effective and the COLT Indenture Trustee shall not resign prior to the time set forth in Section 6.8(c). The Holders of a majority of the Outstanding Amount of the COLT 2007-SN1 200__-___ Secured Notes may remove the COLT Indenture Trustee by so notifying the COLT Indenture Trustee and may appoint a successor COLT Indenture Trustee. Such resignation or removal shall become effective in accordance with Section 6.8(c). COLT shall remove the COLT Indenture Trustee if:

Replacement of COLT Indenture Trustee. (a) The COLT Indenture Trustee may at any time give notice of its intent to resign by so notifying COLT and the COLT 2007-SN1 200_-_ Secured Noteholders; provided, however, that no such resignation shall become effective and the COLT Indenture Trustee shall not resign prior to the time set forth in Section 6.8(c). The Holders of a majority of the Outstanding Amount of the COLT 2007-SN1 200_-_ Secured Notes may remove the COLT Indenture Trustee by so notifying the COLT Indenture Trustee and may appoint a successor COLT Indenture Trustee. Such resignation or removal shall become effective in accordance with Section 6.8(c). COLT shall remove the COLT Indenture Trustee if: