Article 30 - Appointment of Administrators

(1) Where a vacancy occurs in the office of Administrator and the Administrator was appointed:
(A) by a Secured Creditor, the Secured Creditor may replace the Administrator;
(B) by the Company or its directors, either the Company or the directors, as the case may be, may replace the Administrator;
(C) pursuant to an Administration Order, the QFC Court may replace the Administrator:
(1) on the application of either a Creditors' Committee of the Company or, where more than one person was appointed to act jointly and concurrently as Administrator, any of those persons who remain in office; or
(2) on the application of the Company, its directors or one or more creditors, if the QFC Court is satisfied that those otherwise entitled to make such application are not taking reasonable steps to do so.