Common use of Removal of any Agent Clause in Contracts

Removal of any Agent. Lenders, acting by written notice to Administrative Agent from and agreed to by all Lenders other than Administrative Agent, may remove for cause Administrative Agent, as an agent under the Credit Facilities, and appoint one of the other Lenders as Administrative Agent's successor. Upon the appointment of a successor Administrative Agent, the removed Administrative Agent and the successor Administrative Agent shall execute such documents as any Lender may reasonably request to reflect such appointment of a successor Administrative Agent and shall notify Borrower of the change in such agent. The successor Administrative Agent shall be vested with all rights, powers and privileges and be bound to all duties, obligations and responsibilities of the Administrative Agent so removed in and under this Agreement and the other Loan Documents; provided, however, that until such time as Borrower is notified in writing signed by both the removed and successor Administrative Agent as to the appointment of the successor Administrative Agent, Borrower and Guarantors shall be entitled to rely on any decision, approval or other act by the removed Administrative Agent as binding on Lenders, and, may pay to Administrative Agent any amounts due or owing by Borrower under the Loan Documents. Lenders, acting by written notice to the Syndication Agent from and agreed to by all Lenders other than Syndication Agent, may remove for cause the Syndication Agent, provided the no successor Syndication Agent shall be named.

Removal of any Agent. Lenders, acting by written notice to Administrative Agent from and agreed to by all the Required Lenders other than Administrative Agent, may remove for cause Administrative Agent, as an the agent under the Credit FacilitiesLoan, and appoint one of the other Lenders as Administrative Agent's ’s successor, which successor Administrative Agent shall be subject to Borrower’s reasonable consent so long as no Event of Default has occurred and is continuing. Upon the appointment of a successor Administrative Agent, the removed Administrative Agent and the successor Administrative Agent shall execute such documents as any Lender the Lenders may reasonably request to reflect such appointment of a successor Administrative Agent and shall notify Borrower of the change in such agent. The successor Administrative Agent shall be vested with all rights, powers and privileges and be bound to all duties, obligations and responsibilities of the Administrative Agent so removed in and under this Agreement and the other Loan Documents; provided, however, that until such time as Borrower is notified in writing signed by both the removed and successor Administrative Agent as to the appointment of the successor Administrative Agent, Borrower and Guarantors the Guarantor Subsidiaries shall be entitled to rely on any decision, approval or other act by the removed Administrative Agent as binding on the Lenders, and, may pay to Administrative Agent any amounts due or owing by Borrower under the Loan Documents. Lenders, acting by written notice to the Syndication Agent from and agreed to by all Lenders other than Syndication Agent, may remove for cause the Syndication Agent, provided the no successor Syndication Agent shall be named.

Removal of any Agent. Lenders, acting by written notice to Administrative Agent from and agreed to by all the Required Lenders other than Administrative Agent, may remove for cause Administrative Agent, as an the agent under the Credit FacilitiesLoan, and appoint one of the other Lenders as Administrative Agent's successor, which successor Administrative Agent shall be subject to Borrower's reasonable consent so long as no Event of Default has occurred and is continuing. Upon the appointment of a successor Administrative Agent, the removed Administrative Agent and the successor Administrative Agent shall execute such documents as any Lender the Lenders may reasonably request to reflect such appointment of a successor Administrative Agent and shall notify Borrower of the change in such agent. The successor Administrative Agent shall be vested with all rights, powers and privileges and be bound to all duties, obligations and responsibilities of the Administrative Agent so removed in and under this Agreement and the other Loan Documents; provided, however, that until such time as Borrower is notified in writing signed by both the removed and successor Administrative Agent as to the appointment of the successor Administrative Agent, Borrower and Guarantors the Guarantor Subsidiaries CREDIT AGREEMENT (Camden Bridge Loan) PAGE 41 shall be entitled to rely on any decision, approval or other act by the removed Administrative Agent as binding on the Lenders, and, may pay to Administrative Agent any amounts due or owing by Borrower under the Loan Documents. Lenders, acting by written notice to the Syndication Agent from and agreed to by all Lenders other than Syndication Agent, may remove for cause the Syndication Agent, provided the no successor Syndication Agent shall be named.

Removal of any Agent. Lenders, acting by written notice to Administrative Agent from and agreed to by all the Required Lenders other than Administrative Agent, may remove for cause Administrative Agent, as an the agent under the Credit FacilitiesFacility, and appoint one of the other Lenders as Administrative Agent's successor, which successor Administrative Agent shall be subject to Borrower's reasonable consent so long as no Event of Default has occurred and is continuing. Upon the appointment of a successor Administrative Agent, the removed Administrative Agent and the successor Administrative Agent shall execute such documents as any Lender the Lenders may reasonably request to reflect such appointment of a successor Administrative Agent and shall notify Borrower of the change in such agent. The successor Administrative Agent shall be vested with all rights, powers and privileges and be bound to all duties, obligations and responsibilities of the Administrative Agent so removed in and under this Agreement and the other Loan Documents; providedPROVIDED, howeverHOWEVER, that until such time as Borrower is notified in writing signed by both the removed and successor Administrative Agent as to the appointment of the successor Administrative Agent, Borrower and Guarantors the Guarantor Subsidiaries shall be entitled to rely on any decision, approval or other act by the removed Administrative Agent as binding on Lenders, and, may pay to Administrative Agent any amounts due or owing by Borrower under the Loan Documents. Lenders, acting by written notice to the Syndication Agent from and agreed to by all Lenders other than Syndication Agent, may remove for cause the Syndication Agent, provided the no successor Syndication Agent shall be named.

Removal of any Agent. Lenders, acting by written notice to Administrative Agent from and agreed to by all the Required Lenders other than Administrative Agent, may remove for cause Administrative Agent, as an the agent under the Credit FacilitiesFacility, and appoint one of the other Lenders as Administrative Agent's ’s successor, which successor Administrative Agent shall be subject to Borrower’s reasonable consent so long as no Event of Default has occurred and is continuing. Upon the appointment of a successor Administrative Agent, the removed Administrative Agent and the successor Administrative Agent shall execute such documents as any Lender the Lenders may reasonably request to reflect such appointment of a successor Administrative Agent and shall notify Borrower of the change in such agent. The successor Administrative Agent shall be vested with all rights, powers and privileges and be bound to all duties, obligations and responsibilities of the Administrative Agent so removed in and under this Agreement and the other Loan Documents; provided, however, that until such time as Borrower is notified in writing signed by both the removed and successor Administrative Agent as to the appointment of the successor Administrative Agent, Borrower and Guarantors the Guarantor Subsidiaries shall be entitled to rely on any decision, approval or other act by the removed Administrative Agent as binding on Lenders, and, may pay to Administrative Agent any amounts due or owing by Borrower under the Loan Documents. Lenders, acting by written notice to the Syndication Agent from and agreed to by all Lenders other than Syndication Agent, may remove for cause the Syndication Agent, provided the no successor Syndication Agent shall be named.

Removal of any Agent. Lenders, acting by written notice to Administrative Agent from and agreed to by all the Required Lenders other than Administrative Agent, may remove for cause Administrative Agent, as an the agent under the Credit FacilitiesFacility, and appoint one of the other Lenders as Administrative Agent's successor, which successor Administrative Agent shall be subject to Borrower's reasonable consent so long as no Event of Default has occurred and is continuing. Upon the appointment of a successor Administrative Agent, the removed Administrative Agent and the successor Administrative Agent shall execute such documents as any Lender the Lenders may reasonably request to reflect such appointment of a successor Administrative Agent and shall notify Borrower of the change in such agent. The successor Administrative Agent shall be vested with all rights, powers and privileges and be bound to all duties, obligations and responsibilities of the Administrative Agent so removed in and under this Agreement and the other Loan Documents; provided, however, that until such time as Borrower is notified in writing signed by both the removed and successor Administrative Agent as to the appointment of the successor Administrative Agent, Borrower and Guarantors the Guarantor Subsidiaries shall be entitled to rely on any decision, approval or other act by the removed Administrative Agent as binding on Lenders, and, may pay to Administrative Agent any amounts due or owing by Borrower under the Loan Documents. Lenders, acting by written notice to the Syndication Agent from and agreed to by all Lenders other than Syndication Agent, may remove for cause the Syndication Agent, provided the no successor Syndication Agent shall be named.