Common use of Appointment by Requisite Lenders Clause in Contracts

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 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 Payment and Disbursement 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 Payment and Disbursement Agent selected from among the Lenders.

Appointment by Requisite Lenders. Upon any such resignation or removal becoming effective, (i) if an a Arranger or Co-Agent shall then be acting with respect to this Agreement, such Arranger or Co-Agent shall become the Administrative Payment and Disbursement 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 Payment and Disbursement Agent selected from among the LendersLend ers.

Appointment by Requisite Lenders. Upon any such resignation or removal becoming effective, (i) if an Arranger, Co-Arranger or Co-Agent shall then be acting with respect to this Agreement, such Arranger, Co-Arranger or Co-Agent shall become the Administrative Payment and Disbursement Agent or (ii) if no Arranger, Co-Arranger or Co-Agent shall then be acting with respect to this Agreement, the Lenders shall have the right to appoint a successor Administrative Payment and Disbursement Agent selected from among the Lenders.

Appointment by Requisite Lenders. Upon any such resignation or removal becoming effective, (i) if an Arranger or Co-a 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.