Common use of Appointment by Requisite Lenders Clause in Contracts

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.

Appears in 18 contracts

Samples: Restructuring Support Agreement (Washington Prime Group, L.P.), Term Loan Agreement (Washington Prime Group, L.P.), Revolving Credit and Term Loan Agreement (Washington Prime Group, L.P.)

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Appointment by Requisite Lenders. Upon any such resignation or removal becoming effectivenotice of resignation, 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, Agent selected from among the Lenders, which appointment shall be subject to the prior written approval of the Borrowers (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).

Appears in 3 contracts

Samples: Credit Agreement (Donna Karan International Inc), Credit Agreement (Donna Karan International Inc), Credit Agreement (Donna Karan International Inc)

Appointment by Requisite Lenders. Upon any such notice of resignation or removal becoming effectiveand if the remaining Administrative Agent has not notified the Lenders that it has assumed the functions and duties of the resigning Administrative Agent, 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, Agent selected from among the LendersLenders which appointment shall be subject to the prior written approval of the Borrower (which may not be unreasonably withheld, and shall not be required upon the occurrence and during the continuance of an Event of Default).

Appears in 3 contracts

Samples: Credit Agreement (Foamex Capital Corp), Credit Agreement (Foamex Capital Corp), Credit Agreement (Foamex Capital Corp)

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 Agent selected from among the Lenders with the prior written consent of the Borrower provided that (so long as no Event of Default then exists), which consent shall have occurred and not be continuing, selected from among the Lendersunreasonably withheld.

Appears in 2 contracts

Samples: Term Loan Agreement (Reckson Associates Realty Corp), Term Loan Agreement (Reckson Associates Realty Corp)

Appointment by Requisite Lenders. Upon any such notice of resignation or removal becoming effectiveby the Administrative Agent, 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, Agent selected from among the LendersLenders which appointment shall be subject to the prior written approval of the Borrowers (which may not be unreasonably withheld and shall not be required upon the occurrence and during the continuance of an Event of Default).

Appears in 2 contracts

Samples: Credit Agreement (Barneys New York Inc), Credit Agreement (Barneys New York Inc)

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 selected from among the Lenders, which successor Administrative Agent, so long as no Event of Default has occurred and is continuing, shall be subject to approval by the Borrower provided that no Event of Default (which approval shall have occurred and not be continuing, selected from among the Lendersunreasonably withheld).

Appears in 2 contracts

Samples: Revolving Credit Agreement (Mills Corp), Revolving Credit Agreement (Mills Corp)

Appointment by Requisite Lenders. Upon any such resignation or removal becoming effectivenotice of resignation, 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, Agent selected from among the LendersLenders which appointment shall be subject to the prior written approval of the Borrower (which may not be unreasonably withheld, and shall not be required upon the occurrence and during the continuance of an Event of Default).

Appears in 2 contracts

Samples: Credit Agreement (Foamex Capital Corp), Credit Agreement (Rhi Holdings Inc)

Appointment by Requisite Lenders. Upon any such notice of resignation or removal becoming effectiveby the Administrative Agent, 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, Agent selected from among the Lenders, which appointment shall be subject to the prior written approval of the Borrowers (which may not be unreasonably withheld, and shall not be required upon the occurrence and during the continuance of an Event of Default).

Appears in 2 contracts

Samples: Credit Agreement (NMHG Holding Co), Credit Agreement (Hyster Overseas Capital Corp LLC)

Appointment by Requisite Lenders. Upon any such notice of -------------------------------- resignation or removal becoming effectiveby the Administrative Agent, 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, Agent selected from among the LendersLenders which appointment shall be subject to the prior written approval of the Borrowers (which may not be unreasonably withheld, and shall not be required upon the occurrence and during the continuance of an Event of Default).

Appears in 2 contracts

Samples: Credit Agreement (International Technology Corp), Credit Agreement (International Technology Corp)

Appointment by Requisite Lenders. Upon any such resignation or removal becoming effectivenotice of resignation, 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, Agent selected from among the Lenders, which appointment shall be subject to the prior written approval of the Borrower (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).

Appears in 2 contracts

Samples: Credit Agreement (Stellex Industries Inc), Credit Agreement (Stellex Technologies Inc)

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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 selected from among the Lenders, which successor Administrative Agent, so long as no Event of Default has occurred and is continuing, shall be subject to approval by the Borrower provided that no Event of Default (which approval shall have occurred and not be continuing, selected from among the Lendersunreasonably withheld).

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Mills Corp)

Appointment by Requisite Lenders. Upon any such notice of resignation or removal becoming effectiveby the Administrative Agent, 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, Agent selected from among the Lenders, which appointment shall be subject to the prior written approval of Borrower (which may not be unreasonably withheld, and shall not be required upon the occurrence and during the continuance of an Event of Default).

Appears in 1 contract

Samples: Credit Agreement (NMHG Holding Co)

Appointment by Requisite Lenders. Upon any such notice of resignation or removal becoming effectiveby the Administrative Agent, 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, 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).

Appears in 1 contract

Samples: Credit Agreement (Hexcel Corp /De/)

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, Agent selected from among the Lenders.

Appears in 1 contract

Samples: Credit Agreement (SPG Realty Consultants Inc)

Appointment by Requisite Lenders. Upon any such notice of resignation or removal becoming effectiveby the Administrative Agent, 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, Agent selected from among the LendersLenders which appointment shall be subject to the prior written approval of the Borrowers (which may not be unreasonably withheld, and shall not be required upon the occurrence and during the continuance of an Event of Default).

Appears in 1 contract

Samples: Credit Agreement (It Group Inc)

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