Resignation or Removal of Collateral Trustee. Subject to the appointment of a successor Collateral Trustee as provided in Section 6.2 and the acceptance of such appointment by the successor Collateral Trustee: (a) the Collateral Trustee may resign at any time by giving not less than 30 days’ notice of resignation to each Parity Lien Representative and the Company; and (b) the Collateral Trustee may be removed at any time, with or without cause, by an Act of Parity Lien Debtholders by giving not less than 30 days’ notice to the Collateral Trustee.
Appears in 6 contracts
Samples: Collateral Trust Agreement (Chesapeake Energy Corp), Collateral Trust Agreement (Sandridge Energy Inc), Collateral Trust Agreement (Denbury Resources Inc)
Resignation or Removal of Collateral Trustee. Subject to the appointment of a successor Collateral Trustee as provided in Section 6.2 and the acceptance of such appointment by the successor Collateral Trustee:
(a) the Collateral Trustee may resign at any time by giving not less than 30 days’ notice of resignation to each Parity Lien Representative and the Company; and
(b) the Collateral Trustee may be removed at any time, with or without cause, by an Act of Parity Lien Debtholders by giving not less than 30 days’ notice to the Collateral TrusteeDebtholders.
Appears in 5 contracts
Samples: Collateral Trust Agreement (Exco Resources Inc), Collateral Trust Agreement (Exco Resources Inc), Collateral Trust Agreement (Exco Resources Inc)
Resignation or Removal of Collateral Trustee. Subject to the appointment of a successor Collateral Trustee as provided in Section 6.2 and the acceptance of such appointment by the successor Collateral Trustee:
(a) the Collateral Trustee may resign at any time by giving not less than 30 days’ prior written notice of resignation to each Parity Lien Representative and the Company; and
(b) the Collateral Trustee may be removed at any time, with or without cause, by an Act of Parity Lien Debtholders by giving not less than 30 days10 Business Days’ notice to the Collateral Trustee.
Appears in 4 contracts
Samples: Collateral Trust Agreement, Indenture (CONSOL Mining Corp), Collateral Trust Agreement (Vanguard Natural Resources, Inc.)
Resignation or Removal of Collateral Trustee. Subject to the appointment of a successor Collateral Trustee as provided in Section 6.2 and the acceptance of such appointment by the successor Collateral Trustee:
(a) the Collateral Trustee may resign at any time by giving not less than 30 days’ notice of resignation to each Parity Lien Secured Debt Representative and the CompanyParent; and
(b) the Collateral Trustee may be removed at any time, with or without cause, by an Act of Parity Lien Debtholders by giving not less than 30 days’ notice to the Collateral TrusteeRequired Secured Parties.
Appears in 3 contracts
Samples: Collateral Trust Agreement (Endo International PLC), Second Lien Collateral Trust Agreement (Endo International PLC), Indenture (Endo International PLC)
Resignation or Removal of Collateral Trustee. Subject to the appointment of a successor Collateral Trustee as provided in Section 6.2 and the acceptance of such appointment by the successor Collateral Trustee:
(a) the Collateral Trustee may resign at any time by giving not less than 30 days’ notice of resignation to each Parity Lien Authorized Representative and the CompanyIssuer; and
(b) the Collateral Trustee may be removed at any time, with or without cause, by an Act of Parity Lien Debtholders by giving not less than 30 days’ notice to the Collateral TrusteeRequired Secured Parties.
Appears in 3 contracts
Samples: Collateral Trust Agreement (INNOVATE Corp.), Collateral Trust Agreement, Collateral Trust Agreement (Toys R Us Inc)
Resignation or Removal of Collateral Trustee. Subject to the appointment of a successor Collateral Trustee as provided in Section 6.2 and the acceptance of such appointment by the successor Collateral Trustee:
(a) the Collateral Trustee may resign at any time by giving not less than 30 days’ prior written notice of resignation to each Parity Lien Representative and the CompanyParent; and
(b) the Collateral Trustee may be removed at any time, with or without cause, by an Act of Parity Lien Debtholders by giving not less than 30 days’ prior written notice to the Collateral Trustee.
Appears in 3 contracts
Samples: Collateral Trust Agreement and Security and Pledge Agreement (Calumet Specialty Products Partners, L.P.), Collateral Trust Agreement (Calumet Specialty Products Partners, L.P.), Collateral Trust Agreement (Calumet Specialty Products Partners, L.P.)
Resignation or Removal of Collateral Trustee. Subject to the appointment of a successor Collateral Trustee as provided in Section 6.2 and the acceptance of such appointment by the successor Collateral Trustee:
(a) the Collateral Trustee may resign at any time by giving not less than 30 days’ notice of resignation to each Parity Lien Secured Debt Representative and the CompanyBorrower; and
(b) the Collateral Trustee may be removed at any time, with or without cause, by an Act of Parity Lien Debtholders by giving not less than 30 days’ notice to the Collateral TrusteeRequired Secured Parties.
Appears in 3 contracts
Samples: Collateral Trust Agreement (Foresight Energy LP), Collateral Trust Agreement (Carmike Cinemas Inc), Collateral Trust Agreement (Carmike Cinemas Inc)
Resignation or Removal of Collateral Trustee. Subject to the appointment of a successor Collateral Trustee as provided in Section 6.2 and the acceptance of such appointment by the successor Collateral Trustee:
(a) the Collateral Trustee may resign at any time by giving not less than 30 days’ ' notice of resignation to each Parity Lien Secured Debt Representative and the CompanyBorrower; and
(b) the Collateral Trustee may be removed at any time, with or without cause, by an Act of Parity Lien Debtholders by giving not less than 30 days’ notice to the Collateral TrusteeInstructing Debtholders.
Appears in 2 contracts
Samples: Collateral Trust Agreement (Midwest Generation LLC), Collateral Trust Agreement (Midwest Generation LLC)
Resignation or Removal of Collateral Trustee. Subject to the appointment of a successor Collateral Trustee as provided in Section 6.2 and the acceptance of such appointment by the successor Collateral Trustee:
, (a) the Collateral Trustee may resign at any time by giving not less than 30 days’ notice of resignation to each Parity Lien Secured Debt Representative and the Company; and
Company and (b) the Collateral Trustee may be removed at any time, with or without cause, by an Act of Parity Lien Debtholders by giving not less than 30 days’ notice to the Collateral TrusteeInstructing Debtholders.
Appears in 2 contracts
Samples: Revolving Credit Agreement (GenOn Energy, Inc.), Collateral Trust Agreement (NRG Energy, Inc.)
Resignation or Removal of Collateral Trustee. Subject to the appointment of a successor Collateral Trustee as provided in Section 6.2 and the acceptance of such appointment by the successor Collateral Trustee:
(a) the Collateral Trustee may resign at any time by giving not less than 30 days’ notice of resignation to each Parity Lien Secured Debt Representative and the Company, provided that such notice period may be waived by each Secured Debt Representative and the Company; and
(b) the Collateral Trustee may be removed at any time, with or without cause, by an Act of Parity Lien Debtholders by giving not less than 30 days’ notice to the Collateral TrusteeRequired Debtholders.
Appears in 2 contracts
Samples: Refinancing Amendment and Successor Administrative Agent Agreement (MRC Global Inc.), Term Loan Credit Agreement (MRC Global Inc.)
Resignation or Removal of Collateral Trustee. Subject to the appointment of a successor Collateral Trustee as provided in Section 6.2 and the acceptance of such appointment by the successor Collateral Trustee:
(a) the Collateral Trustee may resign at any time by giving not less than 30 days’ notice of resignation to each Parity Lien Secured Debt Representative and the CompanyBorrower; and
(b) the Collateral Trustee may be removed at any time, with or without cause, by an Act of Parity Lien Debtholders by giving not less than 30 days’ notice to the Collateral TrusteeRequired Debtholders.
Appears in 2 contracts
Samples: Collateral Trust Agreement, Collateral Trust Agreement (NewPage Energy Services LLC)
Resignation or Removal of Collateral Trustee. Subject to the appointment of a successor Collateral Trustee as provided in Section 6.2 and the acceptance of such appointment by the successor Collateral Trustee:
(a) the Collateral Trustee may resign at any time by giving not less than 30 45 days’ notice of resignation to each Parity Lien Secured Debt Representative and the CompanyStream, provided that such notice period may be waived by each Secured Debt Representative and Stream; andand COLLATERAL TRUST AGREEMENT
(b) the Collateral Trustee may be removed at any time, with or without cause, by an Act of Parity Lien Debtholders by giving not less than 30 days’ notice to the Collateral TrusteeRequired Debtholders.
Appears in 1 contract
Samples: Collateral Trust Agreement (Stream Global Services, Inc.)
Resignation or Removal of Collateral Trustee. Subject to the appointment of a successor Collateral Trustee as provided in Section 6.2 and the acceptance of such appointment by the successor Collateral Trustee:
(a) the Collateral Trustee may resign at any time by giving not less than 30 days’ notice of resignation to each Parity Lien Secured Debt Representative and the CompanyIssuer; and
(b) the Collateral Trustee may be removed at any time, with or without cause, by an Act of Parity Lien Debtholders by giving not less than 30 days’ notice to the Collateral TrusteeRequired Secured Parties.
Appears in 1 contract
Samples: Second Lien Collateral Trust Agreement (Geo Group Inc)
Resignation or Removal of Collateral Trustee. Subject to the appointment of a successor Collateral Trustee as provided in Section 6.2 and the acceptance of such appointment by the successor Collateral Trustee:
(a) the Collateral Trustee may resign at any time by giving not less than 30 45 days’ notice of resignation to each Parity Lien Secured Debt Representative and the CompanyIssuers, provided that such notice period may be waived by each Secured Debt Representative and the Issuers; and
(b) the Collateral Trustee may be removed at any time, with or without cause, by an Act of Parity Lien Debtholders by giving not less than 30 days’ notice to the Collateral TrusteeRequired Debtholders.
Appears in 1 contract
Resignation or Removal of Collateral Trustee. Subject to the appointment of a successor Collateral Trustee as provided in Section 6.2 and the acceptance of such appointment by the successor Collateral Trustee:
(a) the Collateral Trustee may resign at any time by giving not less than 30 60 days’ notice of resignation to each Parity Lien Secured Debt Representative and the Company, provided that such notice period may be waived by each Secured Debt Representative (acting pursuant to an Act of Required Debtholders) and the Company; and
(b) the Collateral Trustee may be removed at any time, with or without cause, by an Act of Parity Lien Debtholders by giving not less than 30 days’ notice to the Collateral TrusteeRequired Debtholders.
Appears in 1 contract
Samples: Collateral Trust Agreement (Terremark Worldwide Inc.)
Resignation or Removal of Collateral Trustee. Subject to the appointment of a successor Collateral Trustee as provided in Section 6.2 and the acceptance of such appointment by the successor Collateral Trustee:
(a) the Collateral Trustee may resign at any time by giving not less than 30 days’ ' notice of resignation to each Parity Lien Secured Debt Representative and the CompanyBorrower, provided that such notice period may be waived by each Secured Debt Representative and the Borrower; and
(b) the Collateral Trustee may be removed at any time, with or without cause, by an Act of Parity Lien Debtholders by giving not less than 30 days’ notice to the Required Collateral TrusteeTrust Holders.
Appears in 1 contract
Samples: Collateral Trust Agreement (Harland Clarke Holdings Corp)
Resignation or Removal of Collateral Trustee. Subject to the appointment of a successor Collateral Trustee as provided in Section 6.2 and the acceptance of such appointment by the successor Collateral Trustee:
(a) the Collateral Trustee may resign at any time by giving not less than 30 days’ prior written notice of resignation to each Parity Lien Representative and the Company; and
(b) the Collateral Trustee may be removed at any time, with or without cause, by an Act of Parity Lien Debtholders by giving not less than 30 days’ notice to the Collateral TrusteeDebtholders.
Appears in 1 contract
Resignation or Removal of Collateral Trustee. Subject to the appointment of a successor Collateral Trustee as provided in Section 6.2 and the acceptance of such appointment by the successor Collateral Trustee:
(a) the Collateral Trustee may resign at any time by giving not less than 30 days’ notice of resignation to each Parity Lien Secured Debt Representative and the CompanyIssuer; and
(b) the Collateral Trustee may be removed at any time, with or without cause, by an Act of Parity Lien Debtholders by giving not less than 30 days’ notice to the Collateral TrusteeRequired Debtholders.
Appears in 1 contract
Resignation or Removal of Collateral Trustee. Subject to the appointment of a successor Collateral Trustee as provided in Section 6.2 and the acceptance of such appointment by the successor Collateral Trustee:
(a) the Collateral Trustee may resign at any time by giving not less than 30 days’ ' notice of resignation to each Parity Lien Secured Debt Representative and the CompanyDelta; and
(b) the Collateral Trustee may be removed at any time, with or without cause, by an Act of Parity Lien Debtholders by giving not less than 30 days’ notice to the Collateral TrusteeRequired Debtholders.
Appears in 1 contract
Samples: Credit and Guaranty Agreement (Delta Air Lines Inc /De/)
Resignation or Removal of Collateral Trustee. Subject to the appointment of a successor Collateral Trustee as provided in Section 6.2 and the acceptance of such appointment by the successor Collateral Trustee:
, (a) the Collateral Trustee may resign at any time by giving not less than 30 days’ ' notice of resignation to each Parity Lien Secured Debt Representative and the Company; and
Company and (b) the Collateral Trustee may be removed at any time, with or without cause, by an Act of Parity Lien Debtholders by giving not less than 30 days’ notice to the Collateral TrusteeSecured Debtholders.
Appears in 1 contract
Resignation or Removal of Collateral Trustee. Subject to the appointment of a successor Collateral Trustee as provided in Section 6.2 6.02 and the acceptance of such appointment by the successor Collateral Trustee:
(a) the Collateral Trustee may resign at any time by giving not less than 30 days’ notice of resignation to each Parity Lien Secured Debt Representative and the CompanyBorrower; and
(b) the Collateral Trustee may be removed at any time, with or without cause, by an Act of Parity Lien Debtholders by giving not less than 30 days’ notice to the Collateral TrusteeRequired Secured Parties.
Appears in 1 contract
Resignation or Removal of Collateral Trustee. Subject to the appointment of a successor Collateral Trustee as provided in Section 6.2 and the acceptance of such appointment by the successor Collateral Trustee:
(a) the Collateral Trustee may resign at any time by giving not less than 30 days’ notice of resignation to each Parity Lien Secured Debt Representative and the CompanyBorrower; and
(b) the Collateral Trustee may be removed at any time, with or without cause, by an Act of Parity Lien Debtholders by giving not less than 30 days’ notice to the Collateral Trustee.Required Secured Parties. 53 US-DOCS\104188909.12
Appears in 1 contract
Samples: Collateral Trust Agreement
Resignation or Removal of Collateral Trustee. Subject to the appointment of a successor Collateral Trustee as provided in Section 6.2 and the acceptance of such appointment by the successor Collateral Trustee:
(a) the Collateral Trustee may resign at any time by giving not less than 30 days’ ' notice of resignation to each Parity Lien Secured Debt Representative and the Company; and
(b) the Collateral Trustee may be removed at any time, with or without cause, by an Act of Parity Lien Debtholders by giving not less than 30 days’ notice to the Collateral TrusteeRequired Debtholders.
Appears in 1 contract
Resignation or Removal of Collateral Trustee. Subject to the appointment of a successor Collateral Trustee as provided in Section 6.2 and the acceptance of such appointment by the successor Collateral Trustee:
(a) the Collateral Trustee may resign at any time by giving not less than 30 days’ ' notice of resignation to each Parity Lien Secured Debt Representative and the CompanyBorrower; and
(b) the Collateral Trustee may be removed at any time, with or without cause, by an Act of Parity Lien Debtholders by giving not less than 30 days’ notice to the Collateral TrusteeRequired Creditors.
Appears in 1 contract
Samples: Collateral Trust Agreement (Belden & Blake Corp /Oh/)
Resignation or Removal of Collateral Trustee. Subject to the appointment of a successor Collateral Trustee as provided in Section 6.2 and the acceptance of such appointment by the successor Collateral Trustee:
(a) the Collateral Trustee may resign at any time by giving not less than 30 days’ notice of resignation to each Parity Lien Secured Debt Representative and the CompanySatmex; and
(b) the Collateral Trustee may be removed at any time, with or without cause, by an Act of Parity Lien Debtholders by giving not less than 30 days’ notice to the Collateral TrusteeRequired Debtholders.
Appears in 1 contract
Samples: Collateral Trust Agreement (Satelites Mexicanos Sa De Cv)
Resignation or Removal of Collateral Trustee. Subject to the appointment of a successor Collateral Trustee as provided in Section 6.2 7.2 and the acceptance of such appointment by the successor Collateral Trustee:
: (a) the Collateral Trustee may resign at any time by giving not less than 30 days’ notice of resignation to each Parity Lien Secured Debt Representative and the CompanyIssuer; and
and (b) the Collateral Trustee may be removed at any time, with or without cause, by an Act of Parity Lien Debtholders by giving not less than 30 days’ notice to the Collateral TrusteeRequired Secured Parties.
Appears in 1 contract
Samples: Supplemental Indenture (Altera Infrastructure L.P.)
Resignation or Removal of Collateral Trustee. Subject to the appointment of a successor Collateral Trustee as provided in Section 6.2 and the acceptance of such appointment by the successor Collateral Trustee:
(a) the Collateral Trustee may resign at any time by giving not less than 30 days’ notice of resignation to each Parity Third Lien Representative and the Company; and
(b) the Collateral Trustee may be removed at any time, with or without cause, by an Act of Parity Third Lien Debtholders by giving not less than 30 days’ notice to the Collateral TrusteeDebtholders.
Appears in 1 contract
Resignation or Removal of Collateral Trustee. Subject to the appointment of a successor Collateral Trustee as provided in Section 6.2 and the acceptance of such appointment by the successor Collateral Trustee:
(a) the Collateral Trustee may resign at any time by giving not less than 30 days’ notice of resignation to each Parity Lien Debt Representative and the Company, provided that such notice period may be waived by each Parity Lien Debt Representative and Company; and
(b) the Collateral Trustee may be removed at any time, with or without cause, by an Act of Required Parity Lien Debtholders by giving not less than 30 days’ notice to the Collateral TrusteeDebtholders.
Appears in 1 contract
Resignation or Removal of Collateral Trustee. Subject to the appointment of a successor Collateral Trustee as provided in Section 6.2 and the acceptance of such appointment by the successor Collateral Trustee:
(a) the Collateral Trustee may resign at any time by giving not less than 30 days’ notice of resignation to each Parity Lien Secured Debt Representative and the Company; and
(b) the Collateral Trustee may be removed at any time, with or without cause, by an Act of Parity Lien Debtholders by giving not less than 30 days’ notice to the Collateral TrusteeRequired Debtholders.
Appears in 1 contract
Resignation or Removal of Collateral Trustee. Subject to the appointment of a successor Collateral Trustee as provided in Section 6.2 7.2 and the acceptance of such appointment by the successor Collateral Trustee:
(a) the Collateral Trustee may resign at any time by giving not less than 30 45 days’ notice of resignation to each Parity Lien Priority Debt Representative and the CompanyBorrower; and
(b) the Collateral Trustee may be removed at any time, with or without cause, by an Act of Parity Lien Debtholders by giving not less than 30 days’ notice to the Collateral TrusteeInstructing Debtholders.
Appears in 1 contract
Samples: Collateral Trust and Intercreditor Agreement (Geokinetics Inc)
Resignation or Removal of Collateral Trustee. Subject to the appointment of a successor Collateral Trustee as provided in Section 6.2 and the acceptance of such appointment by the successor Collateral Trustee:
(a) the Collateral Trustee may resign at any time by giving not less than 30 days’ notice of resignation to each Parity Lien Secured Debt Representative and the Company; and
(b) the Collateral Trustee may be removed at any time, with or without cause, by an Act of Parity Lien Debtholders by giving not less than Required Secured Parties; provided, however, if the Collateral Trustee is removed without cause, the Act of Required Secured Parties shall be given at least 30 days’ notice prior to the Collateral Trusteerequested date of removal.
Appears in 1 contract
Resignation or Removal of Collateral Trustee. Subject to the appointment of a successor Collateral Trustee as provided in Section 6.2 and the acceptance of such appointment by the successor Collateral Trustee:
(a) the Collateral Trustee may resign at any time by giving not less than 30 days’ notice of resignation to each Parity Pari Passu Lien Representative and the CompanyBorrower; and
(b) the Collateral Trustee may be removed at any time, with or without cause, by an Act of Parity Required Pari Passu Lien Debtholders by giving not less than 30 days’ notice to the Collateral TrusteeSecured Parties.
Appears in 1 contract
Resignation or Removal of Collateral Trustee. Subject to the appointment of a successor Collateral Trustee as provided in Section 6.2 and the acceptance of such appointment by the successor Collateral Trustee:
(a) the The Collateral Trustee may (1) resign at any time by giving not less than 30 days’ notice of resignation to each Parity Lien Secured Debt Representative and the Company; and
Company (bexcept as otherwise permitted under Section 5.14) the Collateral Trustee may and (2) be removed at any time, with or without cause, by an Act of Parity Lien Debtholders by giving not less than 30 days’ notice to the Collateral TrusteeRequired Debtholders.
Appears in 1 contract
Resignation or Removal of Collateral Trustee. Subject to the appointment of a successor Collateral Trustee as provided in Section 6.2 and the acceptance of such appointment by the successor Collateral Trustee:
(a) the Collateral Trustee may resign at any time by giving not less than 30 days’ notice of resignation to each Parity Lien Secured Debt Representative and the CompanyGXS; and
(b) the Collateral Trustee may be removed at any time, with or without cause, by an Act of Parity Lien Debtholders by giving not less than 30 days’ notice to the Collateral TrusteeRequired Debtholders.
Appears in 1 contract
Resignation or Removal of Collateral Trustee. Subject to the appointment of a successor Collateral Trustee as provided in Section 6.2 and the acceptance of such appointment by the successor Collateral Trustee:
, (a) the Collateral Trustee may resign at any time by giving not less than 30 days’ ' notice of resignation to each Parity Lien Secured Debt Representative and the Company; and
Company and (b) the Collateral Trustee may be removed at any time, with or without cause, by an Act of Parity Lien Debtholders by giving not less than 30 days’ notice to the Collateral TrusteeInstructing Debtholders.
Appears in 1 contract
Resignation or Removal of Collateral Trustee. Subject to the appointment of a successor Collateral Trustee as provided in Section 6.2 and the acceptance of such appointment by the successor Collateral Trustee:
(a) the Collateral Trustee may resign at any time by giving not less than 30 days’ notice of resignation to each Parity Lien Representative the Administrative Agent and the Company; and
(b) the Collateral Trustee may be removed at any time, with or without cause, by an Act of Parity Lien Debtholders by giving not less than 30 days’ notice to the Collateral TrusteeAdministrative Agent.
Appears in 1 contract
Resignation or Removal of Collateral Trustee. Subject to the appointment of a successor Collateral Trustee as provided in Section 6.2 and the acceptance of such appointment by the successor Collateral Trustee:
(a) the Collateral Trustee may resign at any time by giving not less than 30 days’ notice of resignation to each Parity Lien Representative and the CompanyIssuer; and
(b) the Collateral Trustee may be removed at any time, with or without cause, by an Act of Parity Lien Debtholders by giving not less than 30 days’ notice to the Collateral TrusteeRequired Secured Parties.
Appears in 1 contract
Samples: Collateral Trust Agreement (Alliance One International, Inc.)
Resignation or Removal of Collateral Trustee. Subject to the appointment of a successor Collateral Trustee as provided in Section 6.2 and the acceptance of such appointment by the successor Collateral Trustee:
(a) the Collateral Trustee may resign at any time by giving not less than 30 45 days’ notice of resignation to each Parity Lien Secured Debt Representative and the Company, provided that such notice period may be waived by each Secured Debt Representative and the Company; and
(b) the Collateral Trustee may be removed at any time, with or without cause, by an Act of Parity Lien Debtholders by giving not less than 30 days’ notice to the Collateral TrusteeRequired Debtholders.
Appears in 1 contract
Samples: Collateral Trust Agreement (Leap Wireless International Inc)
Resignation or Removal of Collateral Trustee. Subject to the appointment of a successor Collateral Trustee as provided in Section 6.2 and the acceptance of such appointment by the successor Collateral Trustee:
(a) the Collateral Trustee may resign at any time by giving not less than 30 days’ ' notice of resignation to each Parity Lien Secured Debt Representative and the CompanyBorrower; and
(b) the Collateral Trustee may be removed at any time, with or without cause, by an Act of Parity Lien Debtholders by giving not less than 30 days’ notice to the Collateral TrusteeRequired Debtholders.
Appears in 1 contract
Samples: Collateral Trust Agreement (Builders FirstSource, Inc.)
Resignation or Removal of Collateral Trustee. Subject to the appointment of a successor Collateral Trustee as provided in Section 6.2 and the acceptance of such appointment by the successor Collateral Trustee:
(a) the Collateral Trustee may resign at any time by giving not less than 30 days’ notice of resignation to each Parity First Lien Representative and the CompanyIGN; and
(b) the Collateral Trustee may be removed at any time, with or without cause, by an Act of Parity Lien Debtholders by giving not less than 30 days’ notice to the Collateral TrusteeRequired Debtholders.
Appears in 1 contract
Resignation or Removal of Collateral Trustee. Subject to the appointment of a successor Collateral Trustee as provided in Section 6.2 6.02 and the acceptance of such appointment by the successor Collateral Trustee:
(a) the Collateral Trustee may resign at any time by giving not less than 30 days’ notice of resignation to each Parity Lien Secured Debt Representative and the CompanyBorrower; and
(b) the Collateral Trustee may be removed at any time, with or without cause, by an Act of Parity Lien Debtholders Required Secured Parties and by giving not no less than 30 days’ notice of removal to the Collateral Trustee.
Appears in 1 contract
Resignation or Removal of Collateral Trustee. Subject to the appointment of a successor Collateral Trustee as provided in Section 6.2 and the acceptance of such appointment by the successor Collateral Trustee:
(a) the Collateral Trustee may resign at any time by giving not less than 30 days’ notice of resignation to each Parity Lien Secured Debt Representative and the CompanyIssuer, provided that such notice period may be waived by each Secured Debt Representative and the Issuer; and
(b) the Collateral Trustee may be removed at any time, with or without cause, by an Act of Parity Lien Debtholders by giving not less than 30 days’ notice to the Collateral TrusteeRequired Debtholders.
Appears in 1 contract
