Common use of Removal and Replacement Clause in Contracts

Removal and Replacement. Except as otherwise required by statute, the Security Trustee may by writing or by deed remove a Receiver and appoint another in its place or to act with a Receiver and the Security Trustee may apply to the court for an order removing an administrative receiver.

Appears in 6 contracts

Sources: Funding Deed of Charge (Granite Mortgages 03-2 PLC), Fund (Holmes Financing No 6 PLC), Second Priority Funding Deed of Charge (Granite Mortgages 04-1 PLC)

Removal and Replacement. Except as otherwise required by statute, the Security Trustee may by writing or by deed remove a any Receiver and appoint another in its place or to act with a any Receiver and the Security Trustee may apply to the court Court for an order removing an administrative receiver.

Appears in 4 contracts

Sources: Fifth Issuer Deed of Charge (Permanent Financing (No. 5) PLC), Deed of Charge (Permanent Mortgages Trustee LTD), Deed of Charge (Permanent Mortgages Trustee LTD)