Common use of TRUSTEE'S RETIREMENT AND REMOVAL Clause in Contracts

TRUSTEE'S RETIREMENT AND REMOVAL. A trustee of these presents may retire at any time on giving not less than 30 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 undertakes 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 it 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. If, in such circumstances, no appointment of such a new trustee has become effective within 30 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 Extraordinary Resolution as aforesaid.

TRUSTEE'S RETIREMENT AND REMOVAL. A trustee of these presents may retire at any time on giving not less than 30 days’ three months' 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 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 of these presents which is a Trust Corporation giving notice under this Clause or being removed by Extraordinary Resolution it will use all reasonable endeavours to procure that a new trustee of these presents (being a Trust Corporation) 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) Corporation is appointed. Ifappointed and, if in such circumstances, no appointment of such a new trustee has become effective within 30 days two months 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 as aforesaidResolution.

TRUSTEE'S RETIREMENT AND REMOVAL. A trustee of these presents may retire at any time on giving not less than 30 daysthree months’ 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 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 of these presents which is a Trust Corporation giving notice under this Clause or being removed by Extraordinary Resolution it will use all reasonable endeavours to procure that a new trustee of these presents (being a Trust Corporation) 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) Corporation is appointed. Ifappointed and, if in such circumstances, no appointment of such a new trustee has become effective within 30 days two months 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 as aforesaidResolution.

TRUSTEE'S RETIREMENT AND REMOVAL. A trustee of these presents may retire at any time on giving not less than 30 days’ 60 days prior written notice to the Issuer Issuer, without giving any reason and without being responsible for any Liabilities incurred by reason of such retirement. The Noteholders may may, by Extraordinary Resolution Resolution, remove any trustee or trustees for the time being of these presents. The Issuer undertakes 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 it Resolution, they will use all reasonable endeavours to procure that a new trustee of these presents (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) Corporation is appointed. If, in such circumstances, no appointment of such a new trustee has become effective within 30 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 as aforesaidResolution.