Common use of Replacement Security Trustee Clause in Contracts

Replacement Security Trustee. Following any such vote referred to in paragraph 6.1 above: (a) prior to the Senior Debt Discharge Date, if so requested by either Senior Creditor Class (acting through its Instructing Group), the Security Trustee shall immediately resign from office and a Creditor other than the Security Trustee at that date shall be appointed by either Senior Creditor Class (acting through its Instructing Group) to take over the role of Security Trustee with immediate effect from such date; and (b) following the Senior Debt Discharge Date, if so requested by the HY Bonds Trustee (acting in accordance with the HY Bonds Indenture), the Security Trustee shall immediately resign from office and a Creditor other than the Security Trustee at that date shall be appointed by the HY Bonds Trustee (acting in accordance with the HY Bonds Indenture) to take over the role of Security Trustee with immediate effect from that date.

Replacement Security Trustee. Following any such vote referred to in paragraph 6.1 above: (a) prior to the Senior Debt Discharge Date, if so requested by either Senior Creditor Class (acting through its the Instructing Group)Lenders, the Security Trustee shall immediately resign from office and a Creditor other than the Security Trustee at that date shall be appointed by either Senior Creditor Class (acting through its the Instructing Group) Lenders to take over the role of Security Trustee with immediate effect from such date; and (b) following the Senior Debt Discharge Date, if so requested by the HY Bonds Trustee (acting in accordance with the HY Bonds ▇▇ ▇▇▇▇ Indenture), the Security Trustee shall immediately resign from office and a Creditor other than the Security Trustee at that date shall be appointed by the HY Bonds Trustee (acting in accordance with the HY Bonds ▇▇ ▇▇▇▇ Indenture) to take over the role of Security Trustee with immediate effect from that date.