Common use of Appointment by Resigning Agent Clause in Contracts

Appointment by Resigning Agent. If, upon the resignation of Agent, a successor Agent shall not have been appointed within the fifteen (15) Business Days or shorter period provided in Section 9.13(a), the resigning Agent shall then appoint a successor Agent (who, to the extent a Lender shall be willing to serve, also shall be a Lender), which successor shall serve as Agent until such time, if any, as the Requisite Lenders appoint a successor Agent as provided above.

Appears in 1 contract

Samples: Loan Agreement (Sunstone Hotel Investors, Inc.)

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Appointment by Resigning Agent. If, upon the resignation of Agent, a successor Agent shall not have been appointed within the fifteen thirty (1530) Business Days days or shorter period provided in Section 9.13(a)10.13(a) hereof, the resigning Agent shall then appoint a successor Agent (who, to the extent a Lender shall be willing to serve, who also shall be a Lender), which successor shall serve as Agent until such time, if any, as the Requisite Lenders appoint a successor Agent as provided above.

Appears in 1 contract

Samples: Loan Agreement (Great Wolf Resorts, Inc.)

Appointment by Resigning Agent. If, upon the resignation of Agent, a successor Agent shall not have been appointed within the fifteen (15) Business Days or shorter period provided in Section 9.13(a)8.13(a) hereof, the resigning Agent shall then appoint a successor Agent (who, to the extent a Lender shall be willing to serve, also shall be a Lender)Agent, which successor shall serve as Agent until such time, if any, as the Requisite Lenders appoint a successor Agent as provided above.

Appears in 1 contract

Samples: Loan Agreement (Interstate Hotels & Resorts Inc)

Appointment by Resigning Agent. If, upon the resignation of Agent, a successor Agent shall not have been appointed within the fifteen (15) Business Days or shorter period provided in Section 9.13(a11.13(a), the resigning Agent shall then appoint a successor Agent (who, to the extent a Lender shall be willing to serve, who also shall be a Lender), which successor shall serve as Agent until such time, if any, as the Requisite Lenders appoint a successor Agent as provided above.

Appears in 1 contract

Samples: Loan Agreement (Ashford Hospitality Prime, Inc.)

Appointment by Resigning Agent. If, upon the resignation of Agent, a successor Agent shall not have been appointed within the fifteen (15) Business Days or shorter period provided in Section 9.13(a)10.13(a) hereof, the resigning Agent shall then appoint a successor Agent (who, to the extent a Lender shall be willing to serve, who also shall be a Lender), which successor shall serve as Agent until such time, if any, as the Requisite Lenders appoint a successor Agent as provided above.

Appears in 1 contract

Samples: Loan Agreement (Interstate Hotels & Resorts Inc)

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Appointment by Resigning Agent. If, upon the resignation of Agent, a successor Agent shall not have been appointed within the fifteen (15) Business Days or shorter period provided in Section 9.13(a)11.13(a) hereof, the resigning Agent shall then appoint a successor Agent (who, to the extent a Lender shall be willing to serve, who also shall be a Lender), which successor shall serve as Agent until such time, if any, as the Requisite Lenders appoint a successor Agent as provided above.

Appears in 1 contract

Samples: Loan Agreement (Gramercy Capital Corp)

Appointment by Resigning Agent. If, upon the resignation of Agent, a successor Agent shall not have been appointed within the fifteen (15) Business Days or shorter period provided in Section 9.13(a)8.13(a) hereof, the resigning Agent shall then appoint a successor Agent (who, to the extent a Lender shall be willing to serve, who also shall be a Lender), which successor shall serve as Agent until such time, if any, as the Requisite Lenders appoint a successor Agent as provided above.

Appears in 1 contract

Samples: Loan Agreement (Ashford Hospitality Prime, Inc.)

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