Common use of Alternatively, the Facility Agent may resign by giving Clause in Contracts

Alternatively, the Facility Agent may resign by giving. 30 days’ notice to the other Finance Parties and the Borrowers, in which case the Majority Lenders may appoint a successor Facility Agent.

Appears in 1 contract

Samples: Facility Agreement (Navios Maritime Holdings Inc.)

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Alternatively, the Facility Agent may resign by giving. 30 days’ notice to the other Finance Parties Lenders and the BorrowersBorrower, in which case the Majority Lenders (after consultation with the Borrower) may appoint a successor Facility Agent.

Appears in 1 contract

Samples: Facility Agreement (WuXi PharmaTech (Cayman) Inc.)

Alternatively, the Facility Agent may resign by giving. 30 days' notice to the other Finance Parties and the BorrowersBorrower, in which case the Majority Lenders may appoint a successor Facility Agent.

Appears in 1 contract

Samples: Addendum to First Preferred Marshall Islands Mortgage (Ocean Rig UDW Inc.)

Alternatively, the Facility Agent may resign by giving. 30 days' notice to the other Finance Parties Lenders and the BorrowersBorrower, in which case the Majority Lenders (after consultation with the Borrower) may appoint a successor Facility Agent.

Appears in 1 contract

Samples: Facilities Agreement (Lesaka Technologies Inc)

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Alternatively, the Facility Agent may resign by giving. 30 days’ notice to the other Finance Parties and the BorrowersBorrower, in which case the Majority Lenders may appoint a successor Facility Agent.

Appears in 1 contract

Samples: Term Loan Facility (Pyxis Tankers Inc.)

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