Common use of Voting Trustee Clause in Contracts

Voting Trustee. 7.1 The Voting Trustee may be removed at any time with or without cause by a written notice, signed by ▇▇▇▇▇ ▇▇▇▇▇▇ while he is alive and not Incapable and after the death of ▇▇▇▇▇ ▇▇▇▇▇▇ and during such time or times that he is Incapable, by the PTC Co, served on the Voting Trustee; provided, however, that no Voting Trustee may be removed without the prior or simultaneous written consent of McDonald’s, which consent shall not be unreasonably withheld. Such removal shall become effective upon the appointment of a successor trustee in accordance with Clause 7.3 or Clause 7.4 hereof. 7.2 The Voting Trustee may resign at any time upon giving sixty (60) days prior written notice of such resignation to ▇▇▇▇▇ Dorados Holdings, the PTC Co and McDonald’s. Such resignation shall become effective upon the appointment of a successor trustee in accordance with Clause 7.3 or Clause 7.4 below and thereafter all powers, rights and obligations of the resigning Voting Trustee under this Instrument shall cease and terminate. Such sixty (60) day notice period may be reduced with the written consent of the resigning Voting Trustee, the PTC Co and McDonald’s. 7.3 In the event that the office of voting trustee of the Voting Trust becomes vacant or the Voting Trustee is sought to be removed in accordance with Clause 7.1 above or the Voting Trustee wishes to retire in accordance with Clause 7.2 above, a new or additional Voting Trustee (as the case may be) may be appointed by ▇▇▇▇▇ ▇▇▇▇▇▇ while he is alive and not Incapable, and after the death of ▇▇▇▇▇ ▇▇▇▇▇▇ and during such time or times that he is Incapable, by the PTC Co; provided, however, that any such new Voting Trustee may be appointed only with the prior or simultaneous written consent of McDonald’s. 7.4 Where a notice of removal has been given under Clause 7.1 above (a “Removal Notice”) or where the Voting Trustee has given notice of its wish to retire in accordance with Clause 7.2 above (a “Retirement Notice”), and no successor trustee has been appointed (for whatever reason) prior to the end of the applicable Appointment Period, the Voting Trustee may then by deed appoint a person (of its own selection) as successor trustee in place of the Voting Trustee.