Appointment by Requisite Lenders. Upon any such resignation or removal becoming effective, the Requisite Lenders shall have the right to appoint a successor Administrative Agent, subject to approval by the Borrower provided that no Event of Default shall have occurred and be continuing, selected from among the Lenders.
Appointment by Requisite Lenders. Upon any such notice of resignation, the Requisite Lenders shall have the right to appoint a successor Agent selected from among the Lenders which appointment shall be subject to the prior written approval of the U.S. Borrower (which may not be unreasonably withheld, and shall not be required upon the occurrence and during the continuance of an Event of Default).
Appointment by Requisite Lenders. Upon any such resignation becoming effective, (i) if an Arranger shall then be acting with respect to this Agreement, such Arranger shall become the Administrative Agent or (ii) if no Arranger shall then be acting with respect to this Agreement, the Requisite Lenders shall have the right to appoint a successor Administrative Agent selected from among the Lenders with the prior written consent of the Borrower (so long as no Event of Default then exists), which consent shall not be unreasonably withheld.
Appointment by Requisite Lenders. Upon any such resignation or removal becoming effective, (i) if an Arranger or Co-Agent shall then be acting with respect to this Agreement, such Arranger or Co-Agent shall become the Administrative Agent or (ii) if no Arranger or Co-Agent shall then be acting with respect to this Agreement, the Lenders shall have the right to appoint a successor Administrative Agent selected from among the Lenders.
Appointment by Requisite Lenders. Upon any such notice of resignation by the Administrative Agent, the Requisite Lenders shall have the right to appoint a successor Administrative Agent selected from among the Lenders which appointment shall be subject to the prior written approval of the Company (which may not be unreasonably withheld, and shall not be required upon the occurrence and during the continuance of an Event of Default). Upon any such notice of resignation by either Co-Agent, no successor Co-Agent shall be appointed.
Appointment by Requisite Lenders. Upon any such notice of resignation, the Requisite Lenders shall have the right to appoint a successor Agent selected from among the Lenders, which appointment shall be subject to the prior written approval of Stellex (which may not be unreasonably withheld, and shall not be required upon the occurrence and during the continuance of an Event of Default or Default).
Appointment by Requisite Lenders. Upon any such resignation becoming effective, (i) if a co-agent shall then be acting with respect to this Agreement, such co-agent shall become the Agent or (ii) if no co-agent shall then be acting with respect to this Agreement, the Requisite Lenders shall have the right to appoint a successor Agent selected from among the Lenders, provided that, so long as no Default or Event of Default shall have occurred and be continuing, the Requisite Lenders shall have received the prior written consent of Borrowers' Representative to such successor Agent, which consent shall not be unreasonably withheld or delayed.
Appointment by Requisite Lenders. Upon any such resignation becoming effective, (i) if a co-agent shall then be acting with respect to this Agreement, such co-agent shall become the Agent or (ii) if no co-agent shall then be acting with respect to this Agreement, the Requisite Lenders shall have the right to appoint a successor Agent selected from among the Lenders, provided that the Requisite Lenders shall have received the prior written consent of Borrowers' Agent to such successor Agent, which consent shall not be unreasonably withheld or delayed.
Appointment by Requisite Lenders. Upon any such resignation or removal of the Payment and Disbursement Agent) becoming effective, (i) if an Arranger shall then be acting with respect to this Agreement, such Arranger shall become the Payment and Disbursement Agent or (ii) if no Arranger shall then be acting with respect to this Agreement, the Lenders shall have the right to appoint a successor Payment and Disbursement Agent selected from among the Lenders.
Appointment by Requisite Lenders. Upon any such notice of resignation by the Agent, the Requisite Lenders shall have the right to appoint a successor Agent and Canadian Agent selected from among the U.S. Lenders and Canadian Lenders, respectively, which appointment shall be subject to the prior written approval of the Company (which may not be unreasonably withheld, and shall not be required upon the occurrence and during the continuance of an Event of Default). Any successor Agent (or an Affiliate thereof) must also be the Canadian Agent.
