Borrower Standstill Cash Manager may appoint substitutes Sample Clauses

Borrower Standstill Cash Manager may appoint substitutes. If the Borrower Standstill Cash Manager gives notice of its resignation in accordance with paragraph (a) (Resignation) above and by the 10th day before the expiry of such notice a substitute Borrower Standstill Cash Manager has not been duly appointed in accordance with paragraph (d) (Substitute Borrower Standstill Cash Manager) above, the Borrower Standstill Cash Manager may itself, following such consultation with the Borrower Security Group Agent as is practicable in the circumstances, appoint as its substitute Borrower Standstill Cash Manager any reputable and experienced financial institution which is rated at least the Borrower Standstill Cash Manager Minimum Rating by any one of the Rating Agencies, provided such substitute Borrower Standstill Cash Manager accedes to this Agreement and the Borrower STID at the time of, or prior to, its appointment. The Borrower Standstill Cash Manager shall give notice of such appointment to the Borrower Security Trustee and the Borrower Security Group Agent, whereupon the Borrower Security Trustee, the Borrower Security Group Agent and such substitute Borrower Standstill Cash Manager shall acquire and become subject to the same rights and obligations between themselves as if they had entered into this Agreement.
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Related to Borrower Standstill Cash Manager may appoint substitutes

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