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 17 contracts
Samples: Restructuring Support Agreement (Washington Prime Group, L.P.), Senior Secured Term Loan Agreement (Washington Prime Group, L.P.), Credit and Term Loan Agreement (Washington Prime Group, L.P.)
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 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 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).
Appears in 2 contracts
Samples: Credit Agreement (Watson Pharmaceuticals Inc), Credit Agreement (Watson Pharmaceuticals Inc)
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 (Rhi Holdings Inc), 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 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
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
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.. 107
Appears in 1 contract
