Alternatively, the Security Agent Clause Samples
Alternatively, the Security Agent may resign by giving 30 days' notice to the other Finance Parties and the Borrowers, in which case the Majority L▇▇▇▇▇▇ may appoint a successor Security Agent.
Alternatively, the Security Agent may resign by giving 30 days' (or such shorter period as may be agreed with the Facility Agent and the Borrower) notice to the Facility Agent and the Borrower, in which case the Facility Agent may appoint a successor Security Agent.