Common use of Disbursement Agent Clause in Contracts

Disbursement Agent. The Disbursement Agent may be removed by the Issuers. The removal of the Disbursement Agent and appointment of a successor Disbursement Agent shall become effective only upon the successor Disbursement Agent’s acceptance of appointment as provided in this Section 14.1.

Appears in 2 contracts

Samples: Collateral and Disbursement Agreement (Peninsula Gaming, LLC), Collateral and Disbursement Agreement (Peninsula Gaming, LLC)

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Disbursement Agent. The Disbursement Agent may be removed by the IssuersIssuer or may resign hereunder with the prior approval of the Issuer and the Trustee. The A resignation or removal of the Disbursement Agent and appointment of a successor Disbursement Agent shall become effective only upon the successor Disbursement Agent’s acceptance of appointment as provided in this Section 14.112.1.

Appears in 1 contract

Samples: Disbursement Agreement (Idleaire Technologies Corp)

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Disbursement Agent. The Disbursement Agent may be removed by the Issuers or may resign hereunder with the prior approval of the Issuers. The A resignation or removal of the Disbursement Agent and appointment of a successor Disbursement Agent shall become effective only upon the successor Disbursement Agent’s acceptance of appointment as provided in this Section 14.1.

Appears in 1 contract

Samples: Collateral and Disbursement Agreement (155 East Tropicana, LLC)

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