Common use of Appointment by Requisite Lenders Clause in Contracts

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

Appears in 1 contract

Samples: Credit Agreement (Simon Debartolo Group Inc)

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

Appears in 1 contract

Samples: Credit Agreement (Simon Property Group L P /De/)

Appointment by Requisite Lenders. Upon any such resignation or removal becoming effective, (i) if a 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 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 Payment and Disbursement Agent selected from among the Lend ersLenders.

Appears in 1 contract

Samples: Credit Agreement (Simon Property Group L P /De/)

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

Appears in 1 contract

Samples: Revolving Credit Agreement (U S Restaurant Properties Inc)

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

Appears in 1 contract

Samples: Credit Agreement (Simon Property Group Inc /De/)

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