Common use of Appointment of Successor Agent Clause in Contracts

Appointment of Successor Agent. (a) Pursuant to the provisions of Section 12.1(f), the Original Agent resigns as administrative agent under the Original Agreement and the other Transaction Documents, effective as of the date on which the conditions precedent set forth in Section 3.3 are satisfied or waived. The Purchasers and the Seller appoint CNAI as Administrative Agent under this Agreement and the other Transaction Documents effective as of such date and agree to waive the notice period set forth in Section 12.1(f).