Common use of Collateral Agent Removal Clause in Contracts

Collateral Agent Removal. The Collateral Agent may be removed, with or without cause, by the Administrative Agent by 30 days’ notice given in writing to the Collateral Agent and the Borrower (the “Collateral Agent Termination Notice”); provided that notwithstanding its receipt of a Collateral Agent Termination Notice, the Collateral Agent shall continue to act in such capacity until a successor Collateral Agent has been appointed and has agreed to act as Collateral Agent hereunder; provided that the Collateral Agent shall continue to receive compensation of its fees and expenses in accordance with Section 10.04 above while so serving as the Collateral Agent prior to a successor Collateral Agent being appointed.

Collateral Agent Removal. The Collateral Agent may be removed, with or without cause, by the Administrative Agent by 30 days’ prior written notice given in writing to the Collateral Agent and the Borrower (the “Collateral Agent Termination Notice”); provided that that, notwithstanding its receipt of a Collateral Agent Termination Notice, the Collateral Agent shall continue to act in such capacity until a successor Collateral Agent has been appointed and has agreed to act as Collateral Agent hereunder; provided that the Collateral Agent shall continue to receive compensation of its fees and expenses in accordance with Section 10.04 above while so serving as the Collateral Agent prior to a successor Collateral Agent being appointedappointed unless it has been removed for cause.

Collateral Agent Removal. The Collateral Agent may be removed, with or without cause, by the Administrative Agent by 30 thirty (30) days’ notice given in writing to the Collateral Agent and the Borrower (the “Collateral Agent Termination Notice”); provided that that, notwithstanding its receipt of a Collateral Agent Termination Notice, the Collateral Agent shall continue to act in such capacity until a successor Collateral Agent has been appointed and has agreed to act as Collateral Agent hereunder; provided that further that, the Collateral Agent shall continue to receive compensation of its fees and expenses in accordance with Section 10.04 7.4 above while so serving as the Collateral Agent prior to a successor Collateral Agent being appointed.

Collateral Agent Removal. The Collateral Agent may be removed, with or without cause, by the Administrative Agent by 30 days’ notice given in writing to the Collateral Agent and the Borrower (the “Collateral Agent Termination Notice”); provided that that, notwithstanding its receipt of a Collateral Agent Termination Notice, the Collateral Agent shall continue to act in such capacity until a successor Collateral Agent has been appointed and has agreed to act as Collateral Agent hereunder; provided provided, further, that the Collateral Agent shall continue to receive compensation of its fees and expenses in accordance with Section 10.04 above while so serving as the Collateral Agent prior to a successor Collateral Agent being appointed.

Collateral Agent Removal. The Collateral Agent may be removed, with or without cause, by the Administrative Agent by 30 days’ written notice given in writing to the Collateral Agent and the Borrower (the “Collateral Agent Termination Notice”); provided that that, notwithstanding its receipt of a Collateral Agent Termination Notice, the Collateral Agent shall continue to act in such capacity until a successor Collateral Agent has been appointed and has agreed to act as Collateral Agent hereunder; provided that the Collateral Agent shall continue to receive compensation of its fees and expenses in accordance with Section 10.04 above while so serving as the Collateral Agent prior to a successor Collateral Agent being appointed.

Collateral Agent Removal. The Collateral Agent may be removed, with or without cause, by the Administrative Agent by 30 thirty (30) days’ notice given in writing to the Collateral Agent and the Borrower (the “Collateral Agent Termination Notice”); provided that that, notwithstanding its receipt of a Collateral Agent Termination Notice, the Collateral Agent shall continue to act in such capacity until a successor Collateral Agent has been appointed and has agreed to act as Collateral Agent hereunder; provided provided, further, that the Collateral Agent shall continue to receive compensation of its fees and expenses in accordance with Section 10.04 above while so serving as the Collateral Agent prior to a successor Collateral Agent being appointed.

Collateral Agent Removal. The Collateral Agent may be removed, with or without cause, by the Administrative Agent by 30 upon thirty (30) days’ notice given in writing to the Collateral Agent and the Borrower (the “"Collateral Agent Termination Notice”"); provided that that, notwithstanding its receipt of a Collateral Agent Termination Notice, the Collateral Agent shall continue to act in such capacity until a successor Collateral Agent has been appointed and has agreed to act as Collateral Agent hereunder; provided provided, further, that the Collateral Agent shall continue to receive compensation of its reasonable and documented fees and expenses in accordance with Section 10.04 above while so serving as the Collateral Agent prior to a successor Collateral Agent being appointed.

Collateral Agent Removal. The Collateral Agent may be removed, with or without cause, by the Administrative Agent by 30 thirty (30) days’ notice given in writing to the Collateral Agent and the Borrower (the “Collateral Agent Termination Notice”); provided that provided, notwithstanding its receipt of a Collateral Agent Termination Notice, the Collateral Agent shall continue to act in such capacity until a successor Collateral Agent has been appointed and has agreed to act as Collateral Agent hereunder; provided that the Collateral Agent shall continue to receive compensation of its fees and expenses in accordance with Section 10.04 above while so serving as the Collateral Agent prior to a successor Collateral Agent being appointed.

Collateral Agent Removal. The Collateral Agent may be removed, with or without cause, by the Administrative Agent by 30 days’ notice given in writing to the Collateral Agent and the Borrower (the “Collateral Agent Termination Notice”); provided that that, notwithstanding its receipt of a Collateral Agent Termination Notice, the Collateral Agent shall continue to act in such capacity until a successor Collateral Agent has been appointed by the Administrative Agent and has agreed to act as the Collateral Agent hereunder; provided provided, further, that the Collateral Agent shall continue to receive compensation of its fees and expenses in accordance with Section 10.04 above while so serving as the Collateral Agent prior to a successor Collateral Agent being appointed.

Collateral Agent Removal. The Collateral Agent may be removed, with or without cause, by the Administrative Agent by 30 days’ prior written notice given in writing to the Collateral Agent and the Borrower (the “Collateral Agent Termination Notice”); provided that notwithstanding its receipt . In the event no successor Collateral Agent shall have been appointed within 30 days after the giving of a the Collateral Agent Termination Notice, the Collateral Agent may petition any court of competent jurisdiction to appoint a successor Collateral Agent. The consent of the Borrower shall continue be required prior to act in such capacity until the appointment of a successor Collateral Agent if no Event of Default has been appointed occurred and has agreed to act as Collateral Agent hereunder; provided that the Collateral Agent shall continue to receive compensation of its fees and expenses in accordance with Section 10.04 above while so serving as the Collateral Agent prior to a successor Collateral Agent being appointedis continuing at such time.