Common use of Resignation or Removal of Collateral Trustee Clause in Contracts

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 notice of resignation to each Secured Debt Representative and EFIH; and (b) the Collateral Trustee may be removed at any time, with or without cause, by an Act of Required Debtholders.

Appears in 5 contracts

Samples: Indenture (EFIH Finance Inc.), Indenture (Energy Future Intermediate Holding CO LLC), Indenture (Energy Future Intermediate Holding CO LLC)

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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 notice of resignation to each Secured Debt Pari Passu Lien Representative and EFIHthe Company; and (b) the Collateral Trustee may be removed at any time, with or without cause, by an Act of Required Debtholders.

Appears in 1 contract

Samples: Collateral Trust Agreement (Unisys Corp)

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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 notice of resignation to each Secured Debt Representative and EFIHthe Company; and (b) the Collateral Trustee may be removed at any time, with or without cause, by an Act of Required Debtholders.

Appears in 1 contract

Samples: Collateral Trust Agreement (Unisys Corp)

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