Removal of Agent. The Majority Banks may remove the Agent from its role as agent hereunder after consultation with the Guarantor 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 hereof.
Appears in 3 contracts
Samples: Credit Agreement (Ace LTD), Credit Agreement (Ace LTD), Credit Agreement (Ace LTD)
Removal of Agent. The Majority Banks may remove the Agent from its role as agent hereunder after consultation with the Guarantor Account Party 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 hereof.
Appears in 3 contracts
Samples: Exhibit Agreement (Ace LTD), Letter of Credit Facility Agreement (Ace LTD), Letter of Credit Facility Agreement (Ace LTD)