Common use of Administrative Agent's Resignation Clause in Contracts

Administrative Agent's Resignation. The Administrative Agent may resign at any time by giving at least 60 days’ prior written notice of its intention to do so to each of the Lenders and the Company and upon the appointment by the Required Lenders of a successor Administrative Agent satisfactory to the Company. If no successor Administrative Agent shall have been so appointed and shall have accepted such appointment within 45 days after the retiring Administrative Agent’s giving of such notice of resignation, then the retiring Administrative Agent may with the consent of the Company, which shall not be unreasonably withheld, appoint a successor Administrative Agent which shall be a bank or a trust company organized under the laws of the United States of America or any state thereof and having a combined capital, surplus and undivided profit of at least $100,000,000; provided, however, that any successor Administrative Agent appointed under this sentence may be removed upon the written request of the Required Lenders, which request shall also appoint a successor Administrative Agent satisfactory to the Company. Upon the appointment of a new Administrative Agent hereunder, the term “Administrative Agent” shall for all purposes of this Agreement thereafter mean such successor. After any retiring Administrative Agent’s resignation hereunder as Administrative Agent, or the removal hereunder of any successor Administrative Agent, the provisions of this Agreement shall continue to inure to the benefit of such Administrative Agent as to any actions taken or omitted to be taken by it while it was Administrative Agent under this Agreement.

Administrative Agent's Resignation. The Administrative Agent may resign at any time by giving at least 60 30 days’ ' prior written notice of its intention to do so to each other of the Lenders Banks and the Company Borrowers and upon the appointment by the Required Lenders Banks of a successor Administrative Agent satisfactory to the CompanyBorrowers. If no successor Administrative Agent shall have been so appointed and shall have accepted such appointment within 45 days after the retiring Administrative Agent’s 's giving of such notice of resignation, then the retiring Administrative Agent may with the consent of the CompanyBorrowers, which shall not be unreasonably withheld, appoint a successor Administrative Agent which shall be a bank or a trust company Borrowers organized under the laws of the United States of America or any state thereof and having a combined capital, surplus and undivided profit of at least $100,000,00050,000,000; provided, however, that any successor Administrative Agent appointed under this sentence may be removed upon the written request of the Required LendersBanks, which request shall also appoint a successor Administrative Agent satisfactory to the CompanyBorrowers. Upon the appointment of a new Administrative Agent hereunder, the term “"Administrative Agent” " shall for all purposes of this Agreement thereafter mean such successor. After any retiring Administrative Agent’s 's resignation hereunder as Administrative Agent, or the removal hereunder of any successor Administrative Agent, the provisions of this Agreement shall continue to inure to the benefit of such Administrative Agent as to any actions taken or omitted to be taken by it while it was Administrative Agent under this Agreement.

Administrative Agent's Resignation. The Administrative Agent may resign at any time by giving at least 60 days’ ' prior written notice of its intention to do so to each of Lender and to the Lenders and the Company Borrower and upon the appointment by the Required Majority Lenders of a successor Administrative Agent satisfactory to the CompanyBorrower. If no successor Administrative Agent shall have been so appointed and shall have accepted such appointment within 45 days after the retiring Administrative Agent’s 's giving of such notice of resignation, then the retiring Administrative Agent may may, with the consent of the CompanyBorrower, which consent shall not be unreasonably withheld, appoint a successor Administrative Agent which shall be a bank or a trust company organized under the laws of the United States of America or any state thereof and having a combined capital, surplus and undivided profit of at least $100,000,000500,000,000 and a tier one ratio of equity to risk-weighted assets ranking in the top half of all domestic banks having greater than $1,000,000,000 in assets pursuant to regulations issued by the federal Comptroller of the Currency, the Board of Governors of the Federal Reserve System or other applicable federal bank regulatory agencies; provided, however, that any successor Administrative Agent appointed under this sentence may be removed upon the written request of the Required Majority Lenders, which request shall also appoint a successor Administrative Agent satisfactory to the CompanyBorrower. Upon the appointment of a new Administrative Agent hereunder, the term “"Administrative Agent” " shall for all purposes of this Agreement thereafter mean such successor. After any retiring Administrative Agent’s 's resignation hereunder as Administrative Agent, or the removal hereunder of any successor Administrative Agent, the provisions of this Agreement shall continue to inure to the benefit of such the Administrative Agent as to any actions taken or omitted to be taken by it while it was Administrative Agent under this Agreement.

Administrative Agent's Resignation. The Administrative Agent may resign at any time by giving at least 60 30 days’ ' prior written notice of its intention to do so to each other of the Lenders Banks and the Company Borrower and upon the appointment by the Required Lenders Banks of a successor Administrative Agent satisfactory to the CompanyBorrower. If no successor Administrative Agent shall have been so appointed and shall have accepted such appointment within 45 days after the retiring Administrative Agent’s 's giving of such notice of resignation, then the retiring Administrative Agent may with the consent of the CompanyBorrower, which shall not be unreasonably withheld, appoint a successor Administrative Agent which shall be a bank or a trust company Borrower organized under the laws of the United States of America or any state thereof and having a combined capital, surplus and undivided profit of at least $100,000,00050,000,000; provided, however, that any successor Administrative Agent appointed under this sentence may be removed upon the written request of the Required LendersBanks, which request shall also appoint a successor Administrative Agent satisfactory to the CompanyBorrower. Upon the appointment of a new Administrative Agent hereunder, the term “"Administrative Agent” " shall for all purposes of this Agreement thereafter mean such successor. After any retiring Administrative Agent’s 's resignation hereunder as Administrative Agent, or the removal hereunder of any successor Administrative Agent, the provisions of this Agreement shall continue to inure to the benefit of such Administrative Agent as to any actions taken or omitted to be taken by it while it was Administrative Agent under this Agreement.

Administrative Agent's Resignation. The Administrative Agent may resign at any time by giving at least 60 30 days’ ' prior written notice of its intention to do so to each of the Lenders other Banks and the Company Borrower and upon the appointment by the Required Lenders Banks of a successor Administrative Agent satisfactory to the CompanyBorrower. If no successor Administrative Agent shall have been so appointed and shall have accepted such appointment within 45 days after the retiring Administrative Agent’s 's giving of such notice of resignation, then the retiring Administrative Agent may with the consent of the CompanyBorrower, which shall not be unreasonably withheld, appoint a successor Administrative Agent which shall be a bank or a trust company organized under the laws of the United States of America or any state thereof and having a combined capital, surplus and undivided profit of at least $100,000,00050,000,000; provided, however, that any successor Administrative Agent appointed under this sentence may be removed upon the written request of the Required LendersBanks, which request shall also appoint a successor Administrative Agent satisfactory to the CompanyBorrower. Upon the appointment of a new Administrative Agent hereunder, the term “"Administrative Agent” " shall for all purposes of this Agreement thereafter mean such successor. After any retiring Administrative Agent’s 's resignation hereunder as Administrative Agent, or the removal hereunder of any successor Administrative Agent, the provisions of this Agreement shall continue to inure to the benefit of such Administrative Agent as to any actions taken or omitted to be taken by it while it was Administrative Agent under this Agreement.

Administrative Agent's Resignation. The Administrative Agent may resign at any time by giving at least 60 30 days’ ' prior written notice of its intention to do so to each other of the Lenders Banks and the Company Borrower and upon the appointment by the Required Lenders Banks of a successor Administrative Agent satisfactory to the CompanyBorrower. If no successor Administrative Agent shall have been so appointed and shall have accepted such appointment within 45 days after the retiring Administrative Agent’s 's giving of such notice of resignation, then the retiring Administrative Agent may with the consent of the CompanyBorrower, which shall not be unreasonably withheld, appoint a successor Administrative Agent which shall be a bank or a trust company organized under the laws of the United States of America or any state thereof and having a combined capital, surplus and undivided profit of at least $100,000,00050,000,000; provided, however, that any successor Administrative Agent appointed under this sentence may be removed upon the written request of the Required LendersBanks, which request shall also appoint a successor Administrative Agent satisfactory to the CompanyBorrower. Upon the appointment of a new Administrative Agent hereunder, the term “"Administrative Agent” " shall for all purposes of this Agreement thereafter mean such successor. After any retiring Administrative Agent’s 's resignation hereunder as an Administrative Agent, or the removal hereunder of any successor Administrative Agent, the provisions of this Agreement shall continue to inure to the benefit of such Administrative Agent as to any actions taken or omitted to be taken by it while it was an Administrative Agent under this Agreement.

Administrative Agent's Resignation. The Administrative Agent may resign at any time by giving at least 60 30 days’ ' prior written notice of its intention to do so to each other of the Lenders Banks and the Company Borrowers and upon the appointment by the Required Lenders Banks of a successor Administrative Agent satisfactory to the CompanyBorrowers. If no successor Administrative Agent shall have been so appointed and shall have accepted such appointment within 45 days after the retiring Administrative Agent’s 's giving of such notice of resignation, then the retiring Administrative Agent may with the consent of the CompanyBorrowers, which shall not be unreasonably withheld, appoint a successor Administrative Agent which shall be a bank or a trust company Borrowers organized under the laws of the United States of America or any state thereof and having a combined capital, surplus and undivided profit of at least $100,000,00050,000,000; providedPROVIDED, howeverHOWEVER, that any successor Administrative Agent appointed under this sentence may be removed upon the written request of the Required LendersBanks, which request shall also appoint a successor Administrative Agent satisfactory to the CompanyBorrowers. Upon the appointment of a new Administrative Agent hereunder, the term “"Administrative Agent” " shall for all purposes of this Agreement thereafter mean such successor. After any retiring Administrative Agent’s 's resignation hereunder as Administrative Agent, or the removal hereunder of any successor Administrative Agent, the provisions of this Agreement shall continue to inure to the benefit of such Administrative Agent as to any actions taken or omitted to be taken by it while it was Administrative Agent under this Agreement.

Administrative Agent's Resignation. The Administrative Agent may resign at any time by giving at least 60 30 days’ prior written notice of its intention to do so to each other of the Lenders Banks and the Company Borrower and upon the appointment by the Required Lenders Banks of a successor Administrative Agent satisfactory to the CompanyBorrower. If no successor Administrative Agent shall have been so appointed and shall have accepted such appointment within 45 days after the retiring Administrative Agent’s giving of such notice of resignation, then the retiring Administrative Agent may with the consent of the CompanyBorrower, which shall not be unreasonably withheld, appoint a successor Administrative Agent which shall be a bank or a trust company organized under the laws of the United States of America or any state thereof and having a combined capital, surplus and undivided profit of at least $100,000,00050,000,000; provided, however, that any successor Administrative Agent appointed under this sentence may be removed upon the written request of the Required LendersBanks, which request shall also appoint a successor Administrative Agent satisfactory to the CompanyBorrower. Upon the appointment of a new Administrative Agent hereunder, the term “Administrative Agent” shall for all purposes of this Agreement thereafter mean such successor. After any retiring Administrative Agent’s resignation hereunder as an Administrative Agent, or the removal hereunder of any successor Administrative Agent, the provisions of this Agreement shall continue to inure to the benefit of such Administrative Agent as to any actions taken or omitted to be taken by it while it was an Administrative Agent under this Agreement.