Agency Succession Sample Clauses

Agency Succession. All matters contemplated by the successor agency agreement dated as of the Restatement Date, among the Administrative Agent, Jefferies, the Loan Parties and the Required Lenders under the Existing Credit Agreement shall have completed (or to the satisfaction of the Administrative Agent, will be completed as soon as reasonably practicable) and the Collateral Account (as defined in the Existing Agreement) shall have been closed and all proceeds therein delivered to the Collection Account.

Agency Succession. The Succession Agent Effective Date shall have occurred.

Agency Succession. Contemporaneously with the closing of the transactions contemplated by the Assignment and Assumption to occur on the Effective Date (as defined therein), WFB will resign from its role as Administrative Agent under the Credit Agreement by executing and delivering the letter attached hereto as Exhibit A (the “Agent Resignation Letter”), and Cannae will succeed to the role of Administrative Agent under the Credit Agreement by executing and delivering the letter attached hereto as Exhibit B (the “Successor Agent Letter”).

Agency Succession. First Union Securities shall be successor administrative agent ("ADMINISTRATIVE Agent") and reserve account agent ("RESERVE ACCOUNT AGENT") to Bank of America for all purposes of the Transaction Documents. First Union Securities hereby accepts all of the rights, duties and obligations of the "Administrative Agent" and "Reserve Account Agent" under the Transaction Documents. Bank of America hereby assigns all of its security interests and other rights and obligations as administrative agent and reserve account agent under the Transaction Documents to First Union Securities. Any and all references in the Transaction Documents to Bank of America in its capacity as "Administrative Agent" and/or "Reserve Account Agent" are hereby amended to refer to "First Union Securities" in the related capacity. Bank of America shall no longer have any rights, obligations or duties as "Administrative Agent" and/or "Reserve Account Agent" under the Transaction Documents from and after the Effective Date hereof. It is agreed by each of the parties hereto that First Union Securities shall have no liability for any action taken or not taken by Bank of America on or prior to the Effective Date.

Agency Succession. First Union Securities shall be successor Agent to Bank of America for all purposes of the Facility Documents. First Union Securities hereby accepts all of the rights, duties and obligations of the "Agent" under the Facility Documents. Bank of America hereby assigns all of its security interests and other rights and obligations as administrative agent under the Facility Documents to First Union Securities. Any and all references in the Facility Documents to Bank of America in its capacity as "Agent" are hereby amended to refer to "First Union Securities" in such capacity. Bank of America shall no longer have any rights, obligations or duties as "Agent" under the Facility Documents from and after the Effective Date hereof; PROVIDED, however, nothing in this Amendment shall constitute a release by Bank of America of any liabilities from any of its actions taken prior to the Effective Date. First Union Securities hereby represents that it has no knowledge of any such claim against or liability of Bank of America for any of actions that Bank of America has taken prior to the Effective Date.

Agency Succession