Mandatory Resignation of Agent. The Agent shall be obligated to resign in accordance with, and subject to, the provisions of §14.9, without the consent of the Borrower , upon the written request of Lenders whose aggregate Commitments constitute at least sixty-six percent (66%) of the Total Commitment, excluding the Lender which is then the Agent hereunder, provided such request is made as a result of the Agent’s gross negligence or willful misconduct, and provided further that the successor Agent actively administers credits of similar size and complexity to this Agreement and the Loans.
Mandatory Resignation of Agent. The Agent shall be obligated to resign in accordance with, and subject to, the provisions of §14.9, without the consent of the Borrower, upon the written request of Lenders whose aggregate Commitments constitute at least sixty-six percent (66%) of the Total Commitment excluding the Commitment of the Lender which is then the Agent hereunder, provided such request is made for cause (provided, however, than in the case of a request for resignation of Fleet National Bank, as Agent, such cause must constitute gross negligence or willful misconduct), and provided further that the successor Agent actively administers credits of similar size and complexity to this Agreement and the Loans.
Mandatory Resignation of Agent. In the event that the Agent enters into one or more Assignments pursuant to Section 18 having the effect of reducing the Agent's Commitment to less than $25,000,000 (which number will be reduced in proportion to any reduction in the Total Commitment pursuant to Section 2.2) then the Agent shall promptly so notify the Borrower and the Lenders. Upon the written request of the Borrower or any Lender whose Commitment exceeds that of the Agent, which written request is made within thirty (30) days after the Agent's notice that its Commitment is below such minimum level, the Agent shall be obligated to resign pursuant to Section 14.9.
Mandatory Resignation of Agent. 14.13. Matters as to Borrower. §14.14. Concerning the Collateral and the Collateral Documents.
Mandatory Resignation of Agent. In the event that the Agent enters into one or more Assignments pursuant to ss.18 having the effect of reducing the sum of the Agent's Commitment hereunder plus its Commitment under the Revolving Facility Credit Agreement to less than $20,000,000 (which number will be reduced in proportion to any pro rata reduction in the Total Commitment pursuant to ss.2.2(a) hereof or ss.2.2(c) of the Revolving Facility Credit Agreement), then the Agent shall promptly so notify the Lenders. Upon the written request of any Lender whose aggregate Commitment hereunder and under the Revolving Facility exceeds that of the Agent, which written request is made within thirty (30) days after the Agent's notice that its Commitment is below such minimum level, the Agent shall be obligated to resign pursuant to ss.14.9. Further, the Agent shall be obligated to resign pursuant to ss.
Mandatory Resignation of Agent. Matters as to Borrower.
Mandatory Resignation of Agent. In the event that the Agent enters into one or more Assignments pursuant to (S)18 having the effect of reducing the Agent's Commitment to less than $25,000,000 (which number will be reduced in proportion to any reduction in the Total Commitment pursuant to (S)
Mandatory Resignation of Agent. In the event that the Agent enters into one or more Assignments pursuant to 18 having the effect of reducing the Agent's Facility Percentage to less than 10% then the Agent shall promptly so notify the Banks. Upon the written request of any Bank whose Facility Percentage exceeds that of the Agent, which written request is made within thirty (30) days after the Agent's notice that its Facility Percentage is below such minimum level, the Agent shall be obligated to resign pursuant to 14.9. Further, the Agent shall be obligated to resign pursuant to 14.9 upon the written request made for cause by Banks whose aggregate Facility Percentages constitute at least sixty-six percent (66%) of the total Facility Percentages excluding the Facility Percentage of the Bank which is then the Agent hereunder.
Mandatory Resignation of Agent. 66 Section 15. EXPENSES....................................................................................................67 Section 16. INDEMNIFICATION.............................................................................................68 Section 17. SURVIVAL OF COVENANTS, ETC..................................................................................68
Mandatory Resignation of Agent. In the event that the Agent enters into one or more Assignments pursuant to Section 18 having the effect of reducing the Agent's Commitment to less than $20,000,000 (which number will be reduced in proportion to any pro rata reduction in the Total Commitment pursuant to Section 2.2(c)) then the Agent shall promptly so notify the Lenders. Upon the written request of any Lender whose Commitment exceeds that of the Agent, which written request is made within thirty (30) days after the Agent's notice that its Commitment is below such minimum level, the Agent shall be obligated to resign pursuant to Section 14.9. Further, the Agent shall be obligated to resign pursuant to Section 14.9 upon the written request made for cause by Lenders whose aggregate Commitments constitute at least sixty-six percent (66%) of the Total Commitment excluding the Commitment of the Lender which is then the Agent hereunder.
