Common use of Replacement and Resignation of Remarketing Agent Clause in Contracts

Replacement and Resignation of Remarketing Agent. (a) The Company may in its absolute discretion replace Xxxxxxx Xxxxx as the Remarketing Agent and/or as the Reset Agent in its capacity hereunder by giving notice prior to 3:00 p.m., New York City time, on the eleventh Business Day immediately prior to the Purchase Contract Settlement Date. Any such replacement shall become effective upon the Company's appointment of a successor to perform the services that would otherwise be performed hereunder by the Remarketing Agent and/or the Reset Agent. Upon providing such notice, the Company shall use all reasonable efforts to appoint such a successor and to enter into a remarketing agreement with such successor as soon as reasonably practicable. (b) Xxxxxxx Xxxxx may resign at any time and be discharged from its duties and obligations hereunder as the Remarketing Agent and/or as the Reset Agent by giving notice prior to 3:00 p.m., New York City time, on the eleventh Business Day immediately prior to the Purchase Contract Settlement Date. Any such resignation shall become effective upon the Company's appointment of a successor to perform the services that would otherwise be performed hereunder by the Remarketing Agent and/or the Reset Agent. Upon receiving notice from the Remarketing Agent and/or the Reset Agent that it wishes to resign hereunder, the Company shall appoint such a successor and enter into a remarketing agreement with it as soon as reasonably practicable.

Replacement and Resignation of Remarketing Agent. (a) The Company may in its absolute discretion replace Xxxxxxx Xxxxx [ ] as the Remarketing Agent and/or as the Reset Agent in its capacity hereunder by giving notice prior to 3:00 p.m., New York City time, time on the eleventh [eleventh] Business Day immediately prior to the Purchase Contract Settlement Remarketing Date. Any such replacement shall become effective upon the Company's appointment of a successor to perform the services that would otherwise be performed hereunder by the Remarketing Agent and/or the Reset Agent. Upon providing such notice, the Company shall use all reasonable efforts to appoint such a successor and to enter into a remarketing agreement with such successor as soon as reasonably practicable. (b) Xxxxxxx Xxxxx [ ] may resign indicate, at any time time, its wish to resign and be discharged from its duties and obligations hereunder as the Remarketing Agent and/or as the Reset Agent by giving notice prior to 3:00 p.m., New York City time, time on the eleventh [eleventh] Business Day immediately prior to the Purchase Contract Settlement Remarketing Date. Any ; provided that any such resignation shall not become effective upon until the Company's appointment of Company shall have appointed a successor to perform the services that would otherwise be performed hereunder by the Remarketing Agent and/or and such successor and the Reset AgentCompany shall have entered into a remarketing agreement. Upon receiving notice from the Remarketing Agent and/or the Reset Agent that it wishes to resign hereunder, the Company shall appoint such a successor and enter into a remarketing agreement with it as soon as reasonably practicable. (c) The Company shall give the SQUARZ Agent and the Indenture Trustee prompt written notice of any replacement of the Remarketing Agent pursuant to this section.

Replacement and Resignation of Remarketing Agent. (a) The With respect to any Subsequent Interest Period, the Company may in its absolute discretion replace Xxxxxxx Xxxxx as the Remarketing Agent and/or as the Reset Agent in its capacity hereunder by giving notice to the Remarketing Agent prior to 3:00 p.m., New York City time, on the eleventh Business Day immediately prior date by which the Remarketing Agent must recommend the terms specified in Section 2(a) with respect to the Purchase Contract Settlement Datesuch Subsequent Interest Period. Any such replacement shall become effective upon the Company's appointment of a successor to perform the services that would otherwise be performed hereunder by the Remarketing Agent and/or the Reset Agentwith respect to such Subsequent Interest Period. Upon providing such noticenotice to the Remarketing Agent, the Company shall use all reasonable its best efforts to appoint such a successor and to enter into a remarketing agreement with such successor as soon as reasonably practicable. (b) Xxxxxxx Xxxxx The Remarketing Agent may resign at any time and be discharged from its duties and obligations hereunder as the Remarketing Agent and/or as the Reset Agent by giving notice prior to 3:00 p.m., New York City time, on the eleventh Business Day immediately prior to the Purchase Contract Settlement Datehereunder. Any such resignation shall become effective upon the Company's appointment of a successor to perform the services that would otherwise be performed hereunder by the Remarketing Agent and/or the Reset Agent. Upon receiving notice from the Remarketing Agent and/or the Reset Agent that it wishes to resign hereunder, the Company shall appoint such a successor and enter into a remarketing agreement with it as soon as reasonably practicable.

Replacement and Resignation of Remarketing Agent. (a) The Company may in its absolute discretion replace Xxxxxxx Xxxxx in its capacity hereunder as the Remarketing Agent and/or as the Reset Agent in its capacity hereunder by giving notice prior to 3:00 p.m., New York City time, on the eleventh Business Day immediately prior to the Purchase Contract Settlement Date. Any such replacement shall become effective upon the Company's appointment of a successor to perform the services that would otherwise be performed hereunder by the Remarketing Agent and/or the Reset Agent. Upon providing such notice, the Company shall use all commercially reasonable efforts to appoint such a successor and to enter into a remarketing agreement with such successor as soon as reasonably practicable. (b) Xxxxxxx Xxxxx may resign at any time and be discharged from its duties and obligations hereunder as the Remarketing Agent and/or as the Reset Agent by giving notice prior to 3:00 p.m., New York City time, on the eleventh Business Day immediately prior to the Purchase Contract Settlement Date. Any such resignation shall become effective upon the Company's appointment of a successor to perform the services that would otherwise be performed hereunder by the Remarketing Agent and/or the Reset Agent. Upon receiving notice from the Remarketing Agent and/or the Reset Agent that it wishes to resign hereunder, the Company shall use all commercially reasonable efforts to appoint such a successor and enter into a remarketing agreement with it as soon as reasonably practicable.