Resignation and Appointment of Administrative Agent. On the Effective Date, the Predecessor Administrative Agent hereby resigns as Administrative Agent under the Receivables Loan Agreement and each of the other Facility Documents, and, pursuant to Section 9.07 of the Receivables Loan Agreement, each of the Majority Committed Lenders and the Borrower hereby appoints Bank of America, N.A. (“BANA”) as Administrative Agent under the Receivables Loan Agreement and the other Facility Documents to take such actions as agent on its behalf and to exercise such powers as are delegated to the Administrative Agent by the terms of the Receivables Loan Agreement together with such powers as are reasonably incidental thereto. Each of the Borrower, the Lenders, and each of the other parties party hereto hereby waives any notice requirements in connection with the resignation of the Predecessor Administrative Agent as Administrative Agent and the appointment of BANA as successor Administrative Agent under the Receivables Loan Agreement. BANA hereby accepts its appointment as Administrative Agent under the Receivables Loan Agreement and the other Facility Documents and shall hereby succeed to and, from and after the date hereof, be vested with all the rights, powers, privileges, duties and protections of the Administrative Agent under the Receivables Loan Agreement and each of the other Facility Documents, in each case with like effect as if BANA were originally named as Administrative Agent under the Receivables Loan Agreement and each of the other Facility Documents. The Predecessor Administrative Agent shall execute and deliver such instruments as may be prepared by BANA and are in form and substance reasonably satisfactory to the Predecessor Administrative Agent, and do such other things as BANA may reasonably request, so as to more fully and certainly vest and confirm upon BANA the rights, powers, privileges, obligations, duties and protections of the Administrative Agent. Upon the Effective Date, the Predecessor Administrative Agent shall be discharged from its duties and obligations as Administrative Agent under the Receivables Loan Agreement and under the other Facility Documents; provided, that, notwithstanding the foregoing and any other provisions in the Receivables Loan Agreement, the indemnity and other rights and protections in favor of the Predecessor Administrative Agent as resigning Administrative Agent under the Receivables Loan Agreement (prior to the Effective Date, the “Existing Agreement”) and the other ...
Resignation and Appointment of Administrative Agent. 1.1. Pursuant to Section 10.6 of the Credit Agreement and effective as of the Third Amendment Effective Date, (i) Resigning Administrative Agent resigns as the Administrative Agent under the Credit Agreement and the other Loan Documents, (ii) the Required Lenders have authorized the appointment of the Successor Administrative Agent as the successor Administrative Agent under the Credit Agreement and the other Loan Documents, and (iii) Successor Administrative Agent accepts its appointment as the successor Administrative Agent under the Credit Agreement and the other Loan Documents.
Resignation and Appointment of Administrative Agent. (a) Pursuant to Section 8.05 of the Credit Agreement, on the Effective Date (as defined below) (i) the Existing Agent’s resignation as the Administrative Agent shall be effective, the Required Lenders shall accept the resignation of FP as Administrative Agent under the Loan Documents, and FP shall have no further obligations under the Loan Documents in its capacity as Administrative Agent (other than the obligations set forth in Section 5 below), (ii) the Required Lenders hereby appoint Wilmington Trust to act as the Successor Agent, effective as of the Effective Date, (iii) the Borrower hereby consents to the appointment of Wilmington Trust to act as the Successor Agent, (iv) the Successor Agent hereby accepts the appointment to act as the Administrative Agent under the Loan Documents, and (v) the Borrower and the Required Lenders hereby waive the 5 days’ prior written notice of resignation required by Section 8.05(a) of the Existing Credit Agreement. The Required Lenders and the Borrower waive any other inconsistency or conflict with the provisions in Section 8.05 of the Credit Agreement with respect to the resignation of FP as Administrative Agent and the appointment of Wilmington Trust as the Successor Agent. Each of the parties hereto agrees to execute all documents and take such further action as necessary to evidence the appointment of Wilmington Trust as the Successor Agent and the assignment of the Liens and security interests to the Successor Agent hereunder.
Resignation and Appointment of Administrative Agent. (a) Pursuant to Section 8.06 of the Existing Credit Agreement, (i) the Required Lenders (as defined in the Existing Credit Agreement) and the Borrower hereby accept the resignation of the Existing Administrative Agent as the Administrative Agent under the Loan Documents, (ii) the Required Lenders (as defined in the Existing Credit Agreement) hereby appoint Bank of America, N.A. to act as the New Administrative Agent under the Loan Documents, (iii) the Borrower hereby consents to the appointment of Bank of America, N.A. as the New Administrative Agent and (iv) each of the parties hereto waives any applicable notice period or consent requirements under the Loan Documents with respect to the actions described in the preceding clauses (i), (ii) and (iii), in each case effective as of the Restatement Effective Date.
Resignation and Appointment of Administrative Agent. (a) Pursuant to Section 9.09 of the Credit Agreement, (i) the Required Lenders and the Borrower hereby accept the resignation of the Existing Administrative Agent as the Administrative Agent under the Loan Documents, (ii) the Required Lenders hereby appoint Wilmington Trust, National Association to act as the New Administrative Agent, (iii) the Borrower hereby consents to the appointment of Wilmington Trust, National Association as the New Administrative Agent and (iv) each of the Parties hereto waives (x) any applicable notice period or consent requirements under the Loan Documents with respect to the actions described in clauses (i), (ii) and (iii), in each case effective as of the Amendment No. 3 Effective Date (as defined below) and (y) with respect to clause (ii) above, the requirement that the successor agent be a Lender.
Resignation and Appointment of Administrative Agent. (a) Subject to the terms and conditions contained herein, RBS hereby resigns as Administrative Agent under the Credit Agreement.
Resignation and Appointment of Administrative Agent. (a) Substantially concurrently with the amendments to the Existing Credit Agreement described in Section 2 hereof, pursuant to Section 8.09 of the Existing Credit Agreement, (i) the Required Lenders (as defined in the Existing Credit Agreement) and the Borrower hereby accept the resignation of the Existing Administrative Agent as the Administrative Agent under the Loan Documents, (ii) the Required Lenders hereby appoint Deutsche Bank AG New York Branch to act as the New Administrative Agent, (iii) the Borrower hereby consents to the appointment of Deutsche Bank AG New York Branch as the New Administrative Agent and (iv) each of the parties hereto waives any applicable notice period or consent requirements under the Loan Documents with respect to the actions described in the preceding clauses (i), (ii) and (iii), in each case effective as of the Restatement Effective Date.
Resignation and Appointment of Administrative Agent. Effective as of the Closing Date, (a) the Lenders party hereto, constituting the Requisite Lenders (as defined in the Existing Credit Agreement and the Amended Credit Agreement), (i) hereby accept the resignation of Credit Suisse as the Existing Administrative Agent under the Loan Documents and (ii) hereby appoint Citibank to act as Administrative Agent under the Amended Credit Agreement and the other Loan Documents, (b) Company hereby consents to the appointment of Citibank to act as Administrative Agent under the Amended Credit Agreement and the other Loan Documents and (c) Citibank hereby accepts its appointment as Administrative Agent under the Amended Credit Agreement and the other Loan Documents. Each of the parties hereto hereby waives the notice requirements with respect to the resignation of the Existing Administrative Agent set forth in Section 9.5 of the Existing Credit Agreement or in any other Loan Document.
Resignation and Appointment of Administrative Agent. Lxxxxx Commercial Paper Inc. delivered notice to the Lenders on October 10 of its intention to resign as Administrative Agent under the Loan Documents (including, without limitation, the Existing Credit Agreement). Bank of America, N.A. desires, as of the Third Amendment Effective Date, to be appointed as the Administrative Agent under the Loan Documents as amended hereby. The Borrower, the Grantors and the Required Lenders by their execution below, their execution of an Acknowledgment and Consent or their execution of a Lender Consent, as applicable, hereby waive the ten day notice required by the terms of the Existing Credit Agreement and appoint and approve the appointment of Bank of America, N.A., and the resignation of Lxxxxx Commercial Paper Inc. as the Administrative Agent under the Loan Documents (including, without limitation, the Existing Credit Agreement) as of the Third Amendment Effective Date. The Required Lenders hereby authorize Bank of America, N.A. to act as Administrative Agent under the Amended Credit Agreement and the Loan Documents in accordance with Section 9 of the Credit Agreement.
Resignation and Appointment of Administrative Agent. On the Amendment Effective Date, TD Bank, N.A. hereby resigns as Administrative Agent under the Credit Agreement and the Lenders hereby (including, for the avoidance of doubt, the Required Lenders (as defined in the Existing Credit Agreement)) appoint Toronto Dominion (Texas) LLC as the successor Administrative Agent in accordance with section 9.01(f) for all purposes under the Credit Agreement. The Borrower hereby consents to such appointment of Toronto Dominion (Texas) LLC as the successor Administrative Agent.
