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 30 days' prior written notice of its intention to do so to each other of the Banks and the Borrowers and upon the appointment by the Required Banks of a successor Administrative Agent satisfactory to the Borrowers. 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 Borrowers, which shall not be unreasonably withheld, appoint a successor Administrative Agent which shall be a bank or a trust 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 $50,000,000; provided, however, that any successor Administrative Agent appointed under this sentence may be removed upon the written request of the Required Banks, which request shall also appoint a successor Administrative Agent satisfactory to the Borrowers. 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 30 days' prior written notice of its intention to do so to each other of the Banks and the Borrowers and upon the appointment by the Required Banks of a successor Administrative Agent satisfactory to the Borrowers. 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 Borrowers, which shall not be unreasonably withheld, appoint a successor Administrative Agent which shall be a bank or a trust 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 $50,000,000; providedPROVIDED, howeverHOWEVER, that any successor Administrative Agent appointed under this sentence may be removed upon the written request of the Required Banks, which request shall also appoint a successor Administrative Agent satisfactory to the Borrowers. 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 30 days' prior written notice of its intention to do so to each other of the other Banks and the Borrowers Borrower and upon the appointment by the Required Banks of a successor Administrative Agent satisfactory to the BorrowersBorrower. 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 BorrowersBorrower, which shall not be unreasonably withheld, appoint a successor Administrative Agent which shall be a bank or a trust Borrowers 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 $50,000,000; provided, however, that any successor Administrative Agent appointed under this sentence may be removed upon the written request of the Required Banks, which request shall also appoint a successor Administrative Agent satisfactory to the BorrowersBorrower. 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 30 60 days' ’ prior written notice of its intention to do so to each other of the Banks Lenders and the Borrowers Company and upon the appointment by the Required Banks Lenders of a successor Administrative Agent satisfactory to the BorrowersCompany. 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 BorrowersCompany, which shall not be unreasonably withheld, appoint a successor Administrative Agent which shall be a bank or a trust Borrowers 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 $50,000,000100,000,000; provided, however, that any successor Administrative Agent appointed under this sentence may be removed upon the written request of the Required BanksLenders, which request shall also appoint a successor Administrative Agent satisfactory to the BorrowersCompany. 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 30 60 days' ’ prior written notice of its intention to do so to each other of the Banks Lenders and the Borrowers Company and upon the appointment by the Required Banks Lenders of a successor Administrative Agent satisfactory to the BorrowersCompany. 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 BorrowersCompany, which shall not be unreasonably withheld, appoint a successor Administrative Agent which shall be a bank or a trust Borrowers 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 $50,000,000100,000,000; provided, however, that any successor Administrative Agent appointed under this sentence may be removed upon the written request of the Required BanksLenders, which request shall also appoint a successor Administrative Agent satisfactory to the BorrowersCompany. 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 106 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 30 60 days' prior written notice of its intention to do so to each other of Lender and to the Banks and the Borrowers Borrower and upon the appointment by the Required Banks Majority Lenders of a successor Administrative Agent satisfactory to the BorrowersBorrower. 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 may, with the consent of the BorrowersBorrower, which consent shall not be unreasonably withheld, appoint a successor Administrative Agent which shall be a bank or a trust Borrowers 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 $50,000,000500,000,000 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 BanksMajority Lenders, which request shall also appoint a successor Administrative Agent satisfactory to the BorrowersBorrower. 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 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 30 days' prior written notice of its intention to do so to each other of the Banks and the Borrowers Borrower and upon the appointment by the Required Banks of a successor Administrative Agent satisfactory to the BorrowersBorrower. 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 BorrowersBorrower, which shall not be unreasonably withheld, appoint a successor Administrative Agent which shall be a bank or a trust Borrowers 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 $50,000,000; provided, however, that any successor Administrative Agent appointed under this sentence may be removed upon the written request of the Required Banks, which request shall also appoint a successor Administrative Agent satisfactory to the BorrowersBorrower. 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 30 days' prior written notice of its intention to do so to each other of the Banks and the Borrowers Borrower and upon the appointment by the Required Banks of a successor Administrative Agent satisfactory to the BorrowersBorrower. 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 BorrowersBorrower, which shall not be unreasonably withheld, appoint a successor Administrative Agent which shall be a bank or a trust Borrowers 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 $50,000,000; provided, however, that any successor Administrative Agent appointed under this sentence may be removed upon the written request of the Required Banks, which request shall also appoint a successor Administrative Agent satisfactory to the BorrowersBorrower. 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.

Administrative Agent's Resignation. The Administrative Agent may resign at any time by giving at least 30 60 days' prior written notice of its intention to do so to each other of Lender and to the Banks and the Borrowers Borrower and upon the appointment by the Required Banks Majority Lenders of a successor Administrative Agent satisfactory to the BorrowersBorrower. 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 may, with the consent of the BorrowersBorrower, which consent shall not be unreasonably withheld, appoint a successor Administrative Agent which shall be a bank or a trust Borrowers 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 $50,000,000500,000,000 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; providedPROVIDED, howeverHOWEVER, that any successor Administrative Agent appointed under this sentence may be removed upon the written request of the Required BanksMajority Lenders, which request shall also appoint a successor Administrative Agent satisfactory to the BorrowersBorrower. Upon the appointment of a new Administrative Agent hereunder, the term "Administrative AgentADMINISTRATIVE 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 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 30 days' ’ prior written notice of its intention to do so to each other of the Banks and the Borrowers Borrower and upon the appointment by the Required Banks of a successor Administrative Agent satisfactory to the BorrowersBorrower. 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 BorrowersBorrower, which shall not be unreasonably withheld, appoint a successor Administrative Agent which shall be a bank or a trust Borrowers 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 $50,000,000; provided, however, that any successor Administrative Agent appointed under this sentence may be removed upon the written request of the Required Banks, which request shall also appoint a successor Administrative Agent satisfactory to the BorrowersBorrower. 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.