Agent's Resignation Sample Clauses

Agent's Resignation. The 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 Agent satisfactory to the Company. If no successor Agent shall have been so appointed and shall have accepted such appointment within 45 days after the retiring Agent's giving of such notice of resignation, then the retiring Agent may with the consent of the Company, which shall not be unreasonably withheld, appoint a successor 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 Agent appointed under this sentence may be removed upon the written request of the Required Lenders, which request shall also appoint a successor Agent satisfactory to the Company. If the Agent assigns its entire Percentage Interest in the Loans hereunder, the Company shall be entitled to remove the Agent. A successor Agent shall be appointed in accordance with this Section 11.6. Upon the appointment of a new Agent hereunder, the term "Agent" shall for all purposes of this Agreement thereafter mean such successor. After any retiring Agent's resignation hereunder as Agent, or the removal hereunder of any successor Agent, the provisions of this Agreement shall continue to inure to the benefit of such Agent as to any actions taken or omitted to be taken by it while it was Agent under this Agreement.
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Agent's Resignation. Agent may resign at any time by giving at least ninety (90) days' prior written notice of its intention to do so to each Bank and to Borrower. Such resignation shall become effective upon the appointment by Borrower, with the consent of the Required Banks, which consent shall not be unreasonably withheld, of a successor Agent which is a Bank; provided that upon the occurrence and continuance of an Event of Default, the Required Banks shall appoint such successor without the consent of Borrower. Upon the acceptance of any appointment as an Agent hereunder by a successor Agent, that successor Agent shall thereupon succeed to and become vested with all the rights, powers, privileges and duties of the retiring Agent, and the retiring Agent shall be discharged from its duties and obligations under this Agreement. After any resigning Agent's resignation hereunder as Agent, the provisions of this Article 10 shall continue to inure to its benefit as to any actions taken or omitted to be taken by it while it was Agent hereunder. Upon such appointment, the term "Agent" shall for all purposes of this Agreement thereafter mean such successor.
Agent's Resignation. 90 12.8. Concerning the Agent....................................................... 90 12.9. Rights as a Lender......................................................... 92 12.10. Independent Credit Decision................................................ 93 12.11. Indemnification............................................................ 93 13. Successors and Assigns; Lender Assignments and Participations...................... 93 13.1.
Agent's Resignation. (a) The Facility Agent may resign and appoint any of its Affiliates incorporated in the European Union as successor Facility Agent by giving notice to the Lenders and the Company.
Agent's Resignation. Agent may resign at any time by giving at least thirty (30) days' prior written notice of its intention to do so to each other of Lenders and Borrower and upon the appointment by the Required Lenders of a successor Agent satisfactory to Borrower (so long as no Event of Default exists). If no successor Agent shall have been so appointed and shall have accepted such appointment within 45 days after the retiring Agent's giving of such notice of resignation, then the retiring Agent may with the written consent of Borrower (so long as no Event of Default exists), which shall not be unreasonably withheld, appoint a successor Agent which shall be a Lender 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 $500,000,000; provided, however, that any successor Agent appointed under this sentence may be removed upon the written request of the Required Lenders. Upon the appointment of a new Agent hereunder, the term "Agent" shall for all purposes of the Credit Documents thereafter mean such successor. After any retiring Agent's resignation hereunder as Agent, or the removal hereunder of any successor Agent, the provisions of the Credit Documents shall continue to inure to the benefit of such Agent as to any actions taken or omitted to be taken by it while it was Agent under the Credit Documents. Upon the written direction of the Required Lenders, any Agent may be removed for cause, provided that if the same Person serves as both Agent and the Collateral Agent, then the removal of any Agent for cause shall automatically cause such Person to be removed in its capacity as the other Agent, and the Required Lenders may appoint one or more Persons as successor Agent or Collateral Agent, or both, contemporaneously with, upon or after such removal.
Agent's Resignation. 93 10.8. Concerning the Agent........................................93 10.8.1. Action in Good Faith, etc.........................93 10.8.2. No Implied Duties, etc............................93 10.8.3. Validity, etc.....................................94 00.0.4. Compliance........................................94 10.8.5. Employment of Agents and Counsel..................94 10.8.6. Reliance on Documents and Counsel.................94 10.8.7. Agent's Reimbursement.............................94 10.9. Rights as a Lender..........................................95 10.10. Independent Credit Decision.................................95 10.11. Indemnification.............................................96 11. Successors and Assigns; Lender Assignments and Participations........96 11.1.
Agent's Resignation. The Agent may resign at any time by giving notice thereof to the Lenders and the Borrower. Upon any such resignation, the Required Lenders shall designate within 45 days in writing another Person as the successor Agent. Provided that no Event of Default shall have occurred and be continuing, Borrower shall have the right to approve such successor Agent. If such proposed successor Agent agrees in writing to act as the Agent in accordance with the terms hereof, such successor Agent shall thereupon succeed to and become vested with all the rights, powers, privileges, duties and obligations of the resigning Agent, and the resigning Agent shall be discharged from its duties and obligations as Agent under this Agreement. After any retiring Agent's resignation hereunder, the provisions of this Article VII shall inure to its benefit as to any actions taken or omitted to be taken by it while it was the Agent under this Agreement.
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Agent's Resignation. The Domestic Agent or the Canadian 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 Borrower and upon the appointment by the Required Lenders of a successor Domestic Agent or the Canadian Agent reasonably satisfactory to the Borrower. After any retiring Domestic Agent or Canadian Agent's resignation hereunder as Domestic Agent or Canadian Agent, as the case may be, or the removal hereunder of any successor Domestic Agent or Canadian Agent, the provisions of this Agreement shall continue to inure to the benefit of such retiring or removed Domestic Agent or Canadian Agent as to any actions taken or omitted to be taken by it while it was Domestic Agent or Canadian Agent under this Agreement.
Agent's Resignation. Agent may, and at the request of Requisite Lenders shall, resign as Agent upon thirty (30) days notice to Lenders. If Agent resigns under this Agreement, Requisite Lenders shall appoint from among Lenders a successor agent for Lenders. If no successor agent is appointed prior to the effective date of the resignation of Agent, Agent may appoint, with the consent of Borrower, which consent will not be unreasonably withheld or delayed, and after consulting with Lenders, a successor agent from among Lenders. Upon the acceptance of its appointment as successor agent hereunder, such successor agent shall succeed to all the rights, powers and duties of the retiring Agent and the term "
Agent's Resignation. 81 10.10. Disbursement of Proceeds of Loans and Other Advances.............................................82 10.11.
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