Common use of Replacement of the Agent Clause in Contracts

Replacement of the Agent. 25.13.1 After consultation with the Borrower, the Majority Lenders may, by giving 30 days’ notice to the Agent replace the Agent by appointing a successor Agent. 25.13.2 The retiring Agent shall make available to the successor Agent such documents and records and provide such assistance as the successor Agent may reasonably request for the purposes of performing its function as Agent under the Finance Documents. 25.13.3 The appointment of the successor Agent shall take effect on the date specified in the notice from the Majority Lenders to the retiring Agent. As from this date, the retiring Agent shall be discharged from any further obligation in respect of the Finance Documents (other than its obligations under Clause 25.13.2 but shall remain entitled to the benefit of Clause 14.3 (Indemnity to the Agent) and this Clause 25 (and any agency fees for the account of the retiring Agent shall cease to accrue from (and shall be payable on) that date). 25.13.4 Any successor Agent and each of the other Parties shall have the same rights and obligations amongst themselves as they would have had if such successor had been an original Party.

Replacement of the Agent. 25.13.1 15.22.1 After consultation with the Borrower, the Majority Lenders may, by giving 30 thirty (30) days’ ' notice to the Agent replace the Agent by appointing a successor Agent.; 25.13.2 15.22.2 The retiring Agent shall make available to the successor Agent such documents and records and provide such assistance as the successor Agent may reasonably request for the purposes of performing its function functions as Agent under the Finance Documents.; 25.13.3 15.22.3 The appointment of the successor Agent shall take effect on the date specified in the notice from the Majority Lenders to the retiring Agent. As from this date, the retiring Agent shall be discharged from any further obligation in respect of the Finance Documents (other than its obligations under Clause 25.13.2 but shall remain entitled to the benefit of Clause 14.3 (Indemnity to the Agent) and this Clause 25 15 (and any agency fees for the account of the retiring Agent shall cease to accrue from (and shall be payable on) that date).; 25.13.4 15.22.4 Any successor Agent and each of the other Parties parties to this Agreement shall have the same rights and obligations amongst themselves as they would have had if such successor had been an original Partyparty to this Agreement.

Replacement of the Agent. 25.13.1 34.13.1 After consultation with the BorrowerBorrowers, the Majority Lenders may, by giving 30 days’ notice to the Agent replace the Agent by appointing a successor Agent. 25.13.2 34.13.2 The retiring Agent shall make available to the successor Agent such documents and records and provide such assistance as the successor Agent may reasonably request for the purposes of performing its function functions as Agent under the Finance Documents. 25.13.3 34.13.3 The appointment of the successor Agent shall take effect on the date specified in the notice from the Majority Lenders to the retiring Agent. As from this date, the retiring Agent shall be discharged from any further obligation in respect of the Finance Documents (other than its obligations under Clause 25.13.2 clause 34.13.2) but shall remain entitled to the benefit of Clause clause 14.3 (Indemnity to the Agent and the Security Agent) and this Clause 25 clause 34 (and any agency fees for the account of the retiring Agent shall cease to accrue from (and shall be payable on) that date). 25.13.4 34.13.4 Any successor Agent and each of the other Parties shall have the same rights and obligations amongst themselves as they would have had if such successor had been an original Party.