TRUSTEE'S RETIREMENT AND REMOVAL. A trustee of these presents may retire at any time on giving not less than three months’ prior written notice to the Issuers without giving any reason and without being responsible for any Liabilities incurred by reason of such retirement. The Noteholders shall have the power exercisable by Extraordinary Resolution to remove any trustee or trustees for the time being of these presents. The Issuers jointly undertake that in the event of the only trustee of these presents which is a Trust Corporation giving notice under this Clause or being removed by Extraordinary Resolution they will use all reasonable endeavours to procure that a new trustee of these presents being a Trust Corporation is appointed as soon as reasonably practicable thereafter. The retirement or removal of any such trustee shall not become effective until a successor trustee being a Trust Corporation is appointed.
TRUSTEE'S RETIREMENT AND REMOVAL. A trustee of these presents may retire at any time on giving not less than 60 days’ prior written notice to the Issuer and the Guarantors without giving any reason and without being responsible for any Liabilities incurred by reason of such retirement. The Noteholders may by Extraordinary Resolution remove any trustee or trustees for the time being of these presents. The Issuer undertakes that in the event of the only trustee of these presents which is a Trust Corporation (for the avoidance of doubt, disregarding for this purpose any separate or co-trustee appointed under subclause 27.1) giving notice under this clause or being removed by Extraordinary Resolution it will use its best endeavours to procure that a new trustee of these presents being a Trust Corporation is appointed as soon as reasonably practicable thereafter. The retirement or removal of any such trustee shall not become effective until a successor trustee being a Trust Corporation is appointed. If, in such circumstances, no appointment of such a new trustee has become effective within 60 days of the date of such notice or Extraordinary Resolution, the Trustee shall be entitled to appoint a Trust Corporation as trustee of these presents, but no such appointment shall take effect unless previously approved by an Extraordinary Resolution.
TRUSTEE'S RETIREMENT AND REMOVAL. A trustee of these presents may retire at any time on giving not less than 60 days prior written notice to the Issuer, without giving any reason and without being responsible for any Liabilities incurred by reason of such retirement. The Noteholders may, by Extraordinary Resolution, remove any trustee or trustees for the time being of these presents. The Issuer and the Guarantor undertake that in the event of the only trustee of these presents which is a Trust Corporation giving notice under this Clause or being removed by Extraordinary Resolution, they will use reasonable endeavours to procure that a new trustee of these presents, being a Trust Corporation, is appointed as soon as reasonably practicable thereafter. The retirement or removal of any such trustee shall not become effective until a successor trustee being a Trust Corporation is appointed. If, in such circumstances, no appointment of such a new trustee has become effective within 60 days of the date of such notice or Extraordinary Resolution, the Trustee shall be entitled to appoint a Trust Corporation as trustee of these presents, but no such appointment shall take effect unless previously approved by an Extraordinary Resolution.
TRUSTEE'S RETIREMENT AND REMOVAL. A trustee of these presents may retire at any time on giving not less than three months’ prior written notice to the Issuers and the Guarantor without giving any reason and without being responsible for any Liabilities incurred by reason of such retirement. The Noteholders may by Extraordinary Resolution remove any trustee or trustees for the time being of these presents. The Issuers and the Guarantor undertake that in the event of the only trustee of these presents which is a Trust Corporation giving notice under this Clause or being removed by Extraordinary Resolution they will use their best endeavours to procure that a new trustee of these presents being a Trust Corporation is appointed as soon as reasonably practicable thereafter. If within one month of the only trustee of these presents giving notice under this Clause no such new trustee has been appointed by Issuers and the Guarantor, the Trustee may appoint a successor in the Issuers’ and the Guarantor’s stead. The retirement or removal of any such trustee shall not become effective until a successor trustee being a Trust Corporation is appointed.
TRUSTEE'S RETIREMENT AND REMOVAL. A trustee of these presents may retire at any time on giving not less than 60 days' prior written notice to the Issuer and the Guarantors without giving any reason and without being responsible for any Liabilities incurred by reason of such retirement. The Noteholders may by Extraordinary Resolution remove any trustee or trustees for the time being of these presents. The Issuer and each Guarantor undertakes that in the event of the only trustee of these presents which is a Trust Corporation (for the avoidance of doubt, disregarding for this purpose any separate or co-trustee appointed under Xxxxxx
TRUSTEE'S RETIREMENT AND REMOVAL. A trustee of these presents may retire at any time on giving not less than three months' prior written notice to the Issuer without assigning any reason and without being responsible for any costs occasioned by such retirement. The Class A Noteholders or, if none of the Class A Notes remains outstanding, the Class B Noteholders or, if none of the Class B Notes remains outstanding, the Class C Noteholders, shall have the power exercisable by Extraordinary Resolution to remove any trustee or trustees for the time being of these presents. The Issuer undertakes that in the event of the only trustee hereof which is a Trust Corporation giving notice under this Clause or being removed by Extraordinary Resolution it will use its best endeavours to procure a new trustee of these presents being a Trust Corporation to be appointed as soon as reasonably practicable thereafter. The retirement or removal of any such trustee shall not become effective until a successor trustee being a Trust Corporation is appointed.
TRUSTEE'S RETIREMENT AND REMOVAL. 30 28 TRUSTEE'S POWERS TO BE ADDITIONAL...................................30 29 SUBSTITUTION........................................................30 30 NOTICES.............................................................32 TABLE OF CONTENTS (continued) 31 GOVERNING LAW.......................................................33 32 COUNTERPARTS........................................................33 THE FIRST SCHEDULE TERMS AND CONDITIONS OF THE NOTES.........................34 THE SECOND SCHEDULE FORMS OF GLOBAL AND DEFINITIVE NOTES, RECEIPTS, COUPONS AND TALONS............................................63 THE THIRD SCHEDULE PROVISIONS FOR MEETING OF NOTEHOLDERS.....................94 THIS AGREEMENT is made on 15 December 1999 between the following parties.
TRUSTEE'S RETIREMENT AND REMOVAL. A trustee of these presents may retire at any time on giving not less than three months’ prior written notice to the Issuers and PTC without giving any reason and without being responsible for any Liabilities incurred by reason of such retirement. The Noteholders may by Extraordinary Resolution remove any trustee or trustees for the time being of these presents. The Issuers and PTC undertake that in the event of the only trustee of these presents which is a Trust Corporation giving notice under this Clause or being removed by Extraordinary Resolution they will use their best endeavours to procure that a new trustee of these presents being a Trust Corporation is appointed as soon as reasonably practicable thereafter. If within one month of the only trustee of these presents giving notice under this Clause no such new trustee has been appointed by Issuers and PTC, the Trustee may appoint a successor in the Issuers’ and PTC’s stead. The retirement or removal of any such trustee shall not become effective until a successor trustee being a Trust Corporation is appointed.
TRUSTEE'S RETIREMENT AND REMOVAL. 1 24. TRUSTEE'S POWERS TO BE ADDITIONAL.....................................1 25. NOTICES...............................................................1 26.
