Common use of Replacement of an Agent Clause in Contracts

Replacement of an Agent. After consultation with the Parent, the Required Lenders may, by giving 30 days’ notice to an Agent (or, at any time such Agent is an Impaired Agent, by giving any shorter notice determined by the Required Xxxxxxx) replace such Agent by appointing a successor Agent (subject to Section 12.08(b) and (c)).

Replacement of an Agent. (a) After consultation with the Parent, the Required Lenders may, by giving 30 days’ notice to an Agent (or, at any time such Agent is an Impaired Agent, by giving any shorter notice determined by the Required Xxxxxxx) replace such Agent by appointing a successor Agent (subject to Section 12.08(b) and (c)). (b) The retiring Agent shall (at its own cost if it is an Impaired Agent and otherwise at the expense of the Borrower) make available to the successor Agent such documents