Common use of Retirement and Removal Clause in Contracts

Retirement and Removal. Any Trustee may retire at any time on giving at least 3 months’ written notice to the Issuers and the GuarantorsIssuer without giving any reason or being responsible for any costs occasioned by such retirement and the Noteholders may by Resolution remove any Trustee provided that the retirement or removal of a sole trust corporation shall not be effective until a trust corporation is appointed as successor Trustee. If a sole trust corporation gives notice of retirement or a Resolution is passed for its removal, it shall use all reasonable endeavours to procure that another trust corporation be appointed as Trustee.

Retirement and Removal. Any Trustee may retire at any time on giving at least 3 three months’ written notice to the Issuers and the GuarantorsIssuer Issuer without giving any reason or being responsible for any costs occasioned by such retirement and the Noteholders may by Extraordinary Resolution remove any Trustee provided that the retirement or removal of a sole trust corporation shall will not be effective until a trust corporation is appointed as successor Trustee. If a sole trust corporation gives notice of retirement or a an Extraordinary Resolution is passed for its removal, it shall will use all reasonable endeavours to procure that another trust corporation be appointed as Trustee.

Retirement and Removal. Any Trustee may retire at any time on giving at least 3 months’ written not less than three months notice in writing to the Issuers and the GuarantorsIssuer Company without giving any reason or and without being responsible for any costs occasioned by such retirement and the Noteholders may by Extraordinary Resolution remove any Trustee Trustee, provided that the retirement or removal of a any sole Trustee or sole trust corporation shall will not be become effective until a trust corporation is appointed as successor Trustee. If a sole trust corporation Trustee gives notice of retirement or a an Extraordinary Resolution is passed for its removalremoval under this Clause 18(B), it shall will use all reasonable endeavours endeavors to procure that another trust corporation be appointed as Trustee.

Retirement and Removal. Any Trustee may retire at any time on giving at least 3 months30 days’ written notice to the Issuers Issuer and the GuarantorsIssuer Guarantors without giving any reason or being responsible for any costs occasioned by such retirement and the Noteholders may by Extraordinary Resolution remove any Trustee provided that the retirement or removal of a sole trust corporation shall will not be effective until a trust corporation is appointed as successor Trustee. If a sole trust corporation gives notice of retirement or a an Extraordinary Resolution is passed for its removal, it shall will use all reasonable endeavours to procure that another trust corporation be appointed as Trustee.

Retirement and Removal. Any Trustee may retire at any time on giving at least 3 months’ written notice to the Issuers and the GuarantorsIssuer Issuer without giving any reason or being responsible for any costs occasioned by such retirement and the Noteholders may by Extraordinary Resolution remove any Trustee provided that the retirement or removal of a sole trust corporation shall not be effective until a trust corporation is appointed as successor Trustee. If a sole trust corporation gives notice of retirement or a an Extraordinary Resolution is passed for its removal, it the Issuer shall use all reasonable endeavours to procure that another trust corporation be appointed as Trustee.