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

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

Appears in 2 contracts

Samples: Assignment Agreement (Pyxis Tankers Inc.), Enstar Group LTD

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

Appears in 1 contract

Samples: Agreement (Global Ship Lease, Inc.)

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

Appears in 1 contract

Samples: Assignment Agreement (Ocean Rig UDW Inc.)

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

Appears in 1 contract

Samples: Facility Agreement (Okeanis Eco Tankers Corp.)

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

Appears in 1 contract

Samples: Receivables Financing (Best Buy Co Inc)

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