Appointment by Retiring Agent. If a successor Payment and Disbursement Agent shall not have been appointed within the thirty (30) Business Day or shorter period provided in paragraph (a) of this Section 12.7, the retiring Agent shall then appoint a successor Agent who shall serve as Payment and Disbursement Agent until such time, if any, as the Lenders appoint a successor Agent as provided above.
Appears in 2 contracts
Samples: Credit Agreement (Simon Debartolo Group Inc), Credit Agreement (Simon Property Group L P /De/)
Appointment by Retiring Agent. If a successor Payment and Disbursement Agent shall not have been appointed within the thirty (30) Business Day or shorter period provided in paragraph (a) of this Section 12.7, the retiring Agent shall then appoint a successor Agent who shall serve as Payment and Disbursement 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 (Prometheus Senior Quarters LLC)
Appointment by Retiring Agent. If a successor Payment and Disbursement suc- cessor Agent shall not have been appointed within the thirty (30) Business Day or shorter period provided in paragraph (a) of this Section 12.7, the retiring Agent shall then appoint a successor Agent who shall serve as Payment and Disbursement Agent until such time, if any, as the Lenders appoint a successor Agent as provided above.
Appears in 1 contract
Samples: Revolving Credit Agreement (U S Restaurant Properties Inc)
Appointment by Retiring Agent. If a successor Payment and Disbursement Agent shall not have been appointed within the thirty (30) Business Day or shorter period provided in paragraph PARAGRAPH (a) of this Section SECTION 12.7, the retiring Agent shall then appoint a successor Agent who shall serve as Payment and Disbursement Agent until such time, if any, as the Lenders appoint a successor Agent as provided above.
Appears in 1 contract
Appointment by Retiring Agent. If a successor Payment and Disbursement Agent shall not have been appointed within the thirty (30) Business Day or shorter period provided in paragraph PARAGRAPH (a) of this Section SECTION 12.7, the retiring Agent shall then appoint a successor Agent who shall serve as Payment and Disbursement Agent until such 117 time, if any, as the Lenders appoint a successor Agent as provided above.
Appears in 1 contract
Appointment by Retiring Agent. If a successor Payment and Disbursement Agent shall not have been appointed within the thirty (30) Business Day or shorter period provided in paragraph (a) of this Section 12.79.8, the retiring Agent shall then appoint a successor Agent which successor Agent shall be reasonably acceptable to Borrowers' Agent who shall serve as Payment and Disbursement Agent until such time, if any, as the Lenders appoint a successor Agent as provided above.
Appears in 1 contract
Samples: Revolving Credit Agreement (Lexington Corporate Properties Inc)
