Removal of Agent. In the event of the occurrence of any material gross negligence or willful misconduct of Agent, if all of the Lenders (other than a Lender that is then acting as Agent) agree, then Agent may be removed as the agent; provided, however, that no such removal of Agent shall in any way affect the rights of Agent in its individual capacity as a Lender.
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Samples: Loan Agreement (Ashford Hospitality Prime, Inc.), Loan Agreement (Interstate Hotels & Resorts Inc)
Removal of Agent. In the event of the occurrence of any material gross negligence or willful misconduct of Agent, if all of the Lenders (other than a Lender that is then acting as Agent) agree, then Agent may be removed as the agent; provided, however, that no such removal of Agent shall in any way affect the rights of Agent in its individual capacity as a Lender. Such removal shall take effect upon the acceptance by a successor Agent of appointment pursuant to Section 8.13(c) hereof.
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Removal of Agent. (i) In the event of the occurrence of any material gross negligence or willful misconduct of Agent, if all of the Lenders (other than a Lender that is then acting as Agent) agree or (ii) if Agent is a Defaulting Lender and the Requisite Lenders agree, then Agent may be removed as the agentAgent; provided, however, that no such removal of Agent shall in any way affect the rights of Agent in its individual capacity as a Lender.
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Removal of Agent. (i) In the event of the occurrence of any material gross negligence or willful misconduct of Agent, if all of the Lenders (other than a Lender that is then acting as Agent) agree, or (ii) if Agent is a Defaulting Lender and the Requisite Lenders agree, then Agent may be removed as the agent; provided, however, that no such removal of Agent shall in any way affect the rights of Agent in its individual capacity as a Lender.
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