Common use of Replacement of Trustee and Collateral Agent Clause in Contracts

Replacement of Trustee and Collateral Agent. (a) The Trustee and Collateral Agent may resign at any time by so notifying the Issuers. The Holders of a majority in principal amount of the Securities may remove the Trustee or Collateral Agent by so notifying the Trustee or Collateral Agent and may appoint a successor Trustee or Collateral Agent. The Issuers may remove the Trustee or Collateral Agent if:

Replacement of Trustee and Collateral Agent. (a) The A Trustee and the Collateral Agent may resign in writing at any time and be discharged from the trust hereby created by so notifying the IssuersCompany. The Holders A resignation or removal of a majority in principal amount of the Securities may remove the Trustee or Collateral Agent by so notifying the Trustee or Collateral Agent and may appoint appointment of a successor Trustee or Collateral Agent will become effective only upon the successor Trustee’s or successor Collateral Agent. The Issuers may remove the Trustee or Collateral Agent if:’s, as applicable, acceptance of appointment as provided in this Section 7.07.

Replacement of Trustee and Collateral Agent. (a) The Trustee and or the Collateral Agent may resign in writing at any time and be discharged from the trust hereby created by so notifying the IssuersCompany. The Holders A resignation or removal of a majority in principal amount of the Securities may remove the Trustee or Collateral Agent by so notifying the Trustee or Collateral Agent and may appoint appointment of a successor Trustee or Collateral Agent will become effective only upon the successor Trustee’s or successor Collateral Agent. The Issuers may remove the Trustee or Collateral Agent if:’s, as applicable, acceptance of appointment as provided in this Section 7.07.

Replacement of Trustee and Collateral Agent. (a) The A Trustee and the Collateral Agent may resign in writing at any time and be discharged from the trust hereby created by so notifying the IssuersCompany. The Holders A resignation or removal of a majority in principal amount of the Securities may remove the Trustee or Collateral Agent by so notifying the Trustee or Collateral Agent and may appoint appointment of a successor Trustee or Collateral Agent will become effective only upon the successor Trustee's or successor Collateral Agent. The Issuers may remove the Trustee or Collateral Agent if:'s, as applicable, acceptance of appointment as provided in this Section 7.07.