Common use of Resignation and Removal of Agent Clause in Contracts

Resignation and Removal of Agent. (a) The Agent may resign from the performance of its functions and duties hereunder at any time by giving 30 days' prior written notice to the Purchasers. Such resignation shall take effect upon the appointment of a successor Agent pursuant to clause (b) below. The Agent may be removed at any time by the affirmative vote of the Majority Holders.

Appears in 1 contract

Samples: Note Agreement (Prandium Inc)

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Resignation and Removal of Agent. (a) The Agent may may, by notice to the Borrower and the Financiers, resign from the performance of its functions and duties hereunder at any time and the Majority Financiers may, by giving 30 days' prior written notice to the PurchasersBorrower and the Agent, remove the Agent from office. Such The resignation shall take or removal of the Agent takes effect upon the on appointment of a successor Agent pursuant to in accordance with this clause (b) below. The Agent may be removed at any time by the affirmative vote of the Majority Holdersβ€Ž16.13.

Appears in 1 contract

Samples: Samson Oil & Gas LTD

Resignation and Removal of Agent. (a) The Agent may may, by notice to the Borrower and the Financiers, resign from the performance of its functions and duties hereunder at any time and the Financiers may, by giving 30 days' prior written notice to the PurchasersBorrower and the Agent, remove the Agent from office. Such The resignation shall take or removal of the Agent takes effect upon the on appointment of a successor Agent pursuant to in accordance with this clause (b) below. The Agent may be removed at any time by the affirmative vote of the Majority Holders18.13.

Appears in 1 contract

Samples: Substitution Agreement (Apollo Gold Corp)

Resignation and Removal of Agent. (a) The Agent may may, by notice to the Borrower and the Financiers, resign from the performance of its functions and duties hereunder at any time and the Majority Financiers may, by giving 30 days' prior written notice to the PurchasersBorrower and the Agent, remove the Agent from office. Such The resignation shall take or removal of the Agent takes effect upon the on appointment of a successor Agent pursuant to in accordance with this clause (b) below. The Agent may be removed at any time by the affirmative vote of the Majority Holders18.13.

Appears in 1 contract

Samples: Assumption Agreement (Apollo Gold Corp)

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Resignation and Removal of Agent. (a) The Agent may may, by notice to the Borrower and the Lenders, resign from the performance of its functions and duties hereunder at any time and the Majority Lenders may, by giving 30 days' [***] days prior written notice to the PurchasersBorrower and the Agent, remove the Agent from office. Such The resignation shall take or removal of the Agent takes effect upon the on appointment of a successor Agent pursuant to in accordance with this clause (b) below. The Agent may be removed at any time by the affirmative vote of the Majority Holders18.13.

Appears in 1 contract

Samples: Paringa Resources LTD

Resignation and Removal of Agent. (a) The Agent may may, by notice to the Borrower and the Lenders, resign from the performance of its functions and duties hereunder at any time and the Majority Lenders may, by giving 30 days' days prior written notice to the PurchasersBorrower and the Agent, remove the Agent from office. Such The resignation shall take or removal of the Agent takes effect upon the on appointment of a successor Agent pursuant to in accordance with this clause (b) below. The Agent may be removed at any time by the affirmative vote of the Majority Holders18.13.

Appears in 1 contract

Samples: Facility Agreement (Paringa Resources LTD)

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