Common use of Replacement of Agents Clause in Contracts

Replacement of Agents. (1) The Agent may resign at any time by giving 30 days prior notice of its resignation to the Lender and the Borrower. Upon receipt of any such notice of resignation, the Lender shall have the right to appoint a successor.

Appears in 3 contracts

Samples: Credit Agreement (Acreage Holdings, Inc.), Credit Agreement (Acreage Holdings, Inc.), Credit Agreement (Acreage Holdings, Inc.)

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Replacement of Agents. (1) The Administrative Agent may resign at any time by giving 30 days prior notice of its resignation to the Lender Lenders and the Borrower. Upon receipt of any such notice of resignation, the Lender Majority Lenders shall have the right to appoint a successor.

Appears in 2 contracts

Samples: Assignment and Assumption (Acreage Holdings, Inc.), Credit Agreement

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