Common use of Appointment of Successor Agent by Requisite Lenders Clause in Contracts

Appointment of Successor Agent by Requisite Lenders. Upon any resignation or removal of Agent, the Requisite Lenders (including in the determination of the Requisite Lenders, the Pro Rata Shares of such Lender that is also the resigning or removed Agent) shall appoint a successor Agent (who shall also be a Lender).

Appears in 3 contracts

Samples: Loan Agreement (Ashford Hospitality Prime, Inc.), Loan Agreement (Interstate Hotels & Resorts Inc), Loan Agreement (Gramercy Capital Corp)

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Appointment of Successor Agent by Requisite Lenders. Upon any resignation or removal of Agent, the Requisite Lenders (including in the determination of the Requisite Lenders, the Pro Rata Shares Share of such the Lender that is also the resigning or removed Agent) Agent shall appoint a successor Agent (who shall also be a Lender).

Appears in 1 contract

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

Appointment of Successor Agent by Requisite Lenders. Upon any resignation or removal of Agent, the Requisite Lenders (including in the determination of the Requisite Lenders, the Pro Rata Shares of such Lender that is also the resigning or removed Agent) shall appoint a successor Agent. Upon any removal of Agent, the Requisite Lenders (excluding in the determination of the Requisite Lenders, the Pro Rata Shares of such Lender that is also the removed Agent (who shall also be appoint a Lender)successor Agent.

Appears in 1 contract

Samples: Loan Agreement (Interstate Hotels & Resorts Inc)

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Appointment of Successor Agent by Requisite Lenders. Upon any resignation or removal of Agent, the Requisite Lenders (including in the determination of the Requisite Lenders, the Pro Rata Shares Share of such Lender that is also the resigning or removed Agent) shall appoint a successor Agent (who shall also be a Lender).

Appears in 1 contract

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

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