Common use of Removal of Agent Clause in Contracts

Removal of Agent. An Instructing Group may, after consultation with the Borrower, remove the Agent from its role as agent under the Finance Documents by giving notice to that effect to each of the other parties hereto. Such removal shall take effect only when a successor to the Agent is appointed in accordance with the terms of the Finance Documents.

Appears in 4 contracts

Samples: Credit Agreement (NTL Communications Corp), Credit Agreement (NTL Delaware Inc), Credit Agreement (NTL Inc/De/)

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Removal of Agent. An Instructing Group may, after consultation with the BorrowerRelevant Obligor, remove the Agent from its role as agent under the Finance Documents by giving notice to that effect to each of the other parties hereto. Such removal shall take effect only when a successor to the Agent is appointed in accordance with the terms of the Finance Documents.

Appears in 3 contracts

Samples: Credit Agreement (NTL Delaware Inc), Credit Agreement (NTL Inc/De/), Credit Agreement (NTL Inc/De/)

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