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(b) So long as no Event of Default has occurred and is continuing, the Authority may
<br />remove the Trustee at any time and shall remove the Trustee if at any time requested to do so by
<br />the Owners of not less than a majority in aggregate principal amount of the Bonds then Outstanding
<br />(or their attorneys duly authorized in writing) or, regardless of the occurrence and continuance of
<br />an Event of Default, if at any time the Trustee shall be in breach of the trusts set forth in this
<br />Indenture, or shall cease to be eligible in accordance with subsection (e) of this Section, or shall
<br />become incapable of acting, or shall commence a case under any bankruptcy, insolvency or similar
<br />law, or a receiver of the Trustee or of its property shall be appointed, or any public officer shall
<br />take control or charge of the Trustee or its property or affairs for the purpose of rehabilitation,
<br />conservation or liquidation, in each case by giving written notice of such removal to the Trustee,
<br />and thereupon shall appoint a successor Trustee by an instrument in writing.
<br />(c) The Trustee may resign by giving written notice of such resignation to the Authority
<br />and by giving notice of such resignation by mail, first class postage prepaid, to the Owners at the
<br />addresses listed in the bond register. Upon receiving such notice of resignation, the Authority shall
<br />promptly appoint a successor Trustee by an instrument in writing.
<br />(d) Any removal or resignation of the Trustee and appointment of a successor Trustee
<br />shall become effective upon acceptance of appointment by the successor Trustee; provided that no
<br />removal or resignation of the Trustee shall take effect until a successor shall be appointed. If no
<br />successor Trustee shall have been appointed and shall have accepted appointment within 45 days
<br />of giving notice of removal or notice of resignation as aforesaid, the resigning Trustee, at the
<br />expense of the Authority, or any Owner (on behalf of himself and all other Owners) may petition
<br />any court of competent jurisdiction for the appointment of a successor Trustee, and such court may
<br />thereupon, after such notice (if any) as it may deem proper, appoint such successor Trustee. Any
<br />successor Trustee appointed under this Indenture shall signify its acceptance of such appointment
<br />by executing and delivering to the Authority and to its predecessor Trustee a written acceptance
<br />thereof, and thereupon such successor Trustee, without any further act, deed or conveyance, shall
<br />become vested with all the moneys, estates, properties, rights, powers, trusts, duties and obligations
<br />of such predecessor Trustee, with like effect as if originally named Trustee herein; but,
<br />nevertheless, at the written request of the Authority or of the successor Trustee, such predecessor
<br />Trustee shall execute and deliver any and all instruments of conveyance or further assurance and
<br />do such other things as may reasonably be required for more fully and certainly vesting in and
<br />confirming to such successor Trustee all the right, title and interest of such predecessor Trustee in
<br />and to any property held by it under this Indenture and shall pay over, transfer, assign and deliver
<br />to the successor Trustee any money or other property subject to the trusts and conditions herein
<br />set forth. Upon request of the successor Trustee, the Authority shall execute and deliver any and
<br />all instruments as may be reasonably required for more fully and certainly vesting in and
<br />confirming to such successor Trustee all such moneys, estates, properties, rights, powers, trusts,
<br />duties and obligations. Upon acceptance of appointment by a successor Trustee as provided in this
<br />subsection, such successor Trustee shall mail a notice of the succession of such Trustee to the
<br />trusts hereunder by first class mail, postage prepaid, to the Owners at their addresses listed in the
<br />bond register.
<br />(e) Any Trustee appointed under the provisions of this Indenture shall be a trust
<br />company, national banking association or bank having trust powers, having a corporate trust office
<br />in California, having (or whose parent holding company shall have) a combined capital and surplus
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