Common use of Appointment by Retiring Agent Clause in Contracts

Appointment by Retiring Agent. If a successor Agent shall not have been appointed within the thirty (30) Business Day period provided in clause (a) of this Section 12.07, the retiring Agent, with the consent 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), shall then appoint a successor Agent who shall serve as Agent until such time, if any, as the Requisite Lenders appoint a successor Agent as provided above.

Appears in 2 contracts

Samples: Credit Agreement (Dyncorp), Credit Agreement (Dyncorp)

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Appointment by Retiring Agent. If a successor Agent shall not have been appointed within the thirty (30) Business Day period provided in clause (a) of this Section 12.0713.07, the retiring Agent, with the consent of the U.S. Borrower (which may not be unreasonably withheld, and shall not be required upon the occurrence and during the continuance of an Event of Default), shall then appoint a successor Agent who shall serve as Agent until such time, if any, as the Requisite Lenders appoint a successor Agent as provided above.

Appears in 2 contracts

Samples: Credit Agreement (Freedom Chemical Co), Credit Agreement (Freedom Chemical Co)

Appointment by Retiring Agent. If a successor ----------------------------- Agent shall not have been appointed within the thirty (30) Business Day period provided in clause (a) of this Section 12.0713.7, ---------- ------------ the retiring Agent, with the consent 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), shall then appoint a successor Agent who 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: Credit and Guaranty Agreement (American Eco Corp)

Appointment by Retiring Agent. If a successor Agent shall not have been appointed within the thirty (30) Business Day period provided in clause CLAUSE (aA) of this Section 12.07SECTION 9.06, the retiring Agent, with the consent of the Borrower Issuer (which may not be unreasonably withheld, and shall not be required upon the occurrence and during the continuance of an Event of Default), shall then appoint a successor Agent who shall serve as Agent until such time, if any, as the Requisite Lenders Required Holders appoint a successor Agent as provided above.

Appears in 1 contract

Samples: Subordinated Note Purchase Agreement (National Record Mart Inc /De/)

Appointment by Retiring Agent. If a successor Agent shall not ----------------------------- have been appointed within the thirty (30) Business Day period provided in clause (a) of this Section 12.079.06, the retiring Agent, with the consent of the Borrower ---------- ------------ Issuer (which may not be unreasonably withheld, and shall not be required upon the occurrence and during the continuance of an Event of Default), shall then appoint a successor Agent who shall serve as Agent until such time, if any, as the Requisite Lenders Required Holders appoint a successor Agent as provided above.

Appears in 1 contract

Samples: Note Purchase Agreement (Western Micro Technology Inc /De)

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Appointment by Retiring Agent. If a successor Agent shall not have been appointed within the thirty (30) Business Day period provided in clause CLAUSE (a) of this Section 12.07SECTION 9.06, the retiring Agent, with the consent of the Borrower Issuer (which may not be unreasonably withheld, and shall not be required upon the occurrence and during the continuance of an Event of Default), shall then appoint a successor Agent who shall serve as Agent until such time, if any, as the Requisite Lenders Required Holders appoint a successor Agent as provided above.

Appears in 1 contract

Samples: Note Purchase Agreement (National Record Mart Inc /De/)

Appointment by Retiring Agent. If a successor Agent shall not have been appointed within the thirty (30) Business Day or shorter period provided in clause paragraph (a) of this Section 12.079.8, the retiring Agent, with the consent 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), Agent shall then appoint a successor Agent which successor Agent shall be reasonably acceptable to Borrowers' Agent who 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: Revolving Credit Agreement (Lexington Corporate Properties Inc)

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