Common use of Resignation and Removal of Collateral Agent Clause in Contracts

Resignation and Removal of Collateral Agent. (i) The Collateral Agent (A) may resign at any time upon notice to the Secured Bank Creditors and Noteholders, and (B) may be removed at any time upon the written request of the Required Secured Creditors sent to the Collateral Agent and the other Secured Creditors.

Resignation and Removal of Collateral Agent. (ia) The Collateral Agent (Ai) may resign at any time upon notice to the Secured Bank Creditors and Noteholders, Lenders and (Bii) may be removed at any time upon the written request of the Required Secured Creditors Senior Lenders sent to the Collateral Agent and the other Secured CreditorsLenders.

Resignation and Removal of Collateral Agent. (i) The Collateral Agent (A) may resign at any time upon notice to the Secured Bank Creditors and NoteholdersSenior Lenders, and (B) may be removed at any time upon the written request of the Required Secured Creditors Senior Lenders sent to the Collateral Agent and the other Secured CreditorsSenior Lenders. For the purposes of any determination of Required Senior Lenders under this Section 2(h)(i), any Commitment or Loan and Reimbursement Obligations, Outstanding Letters of Credit Exposure or Senior Notes held by an Insolvent Entity shall be disregarded.

Resignation and Removal of Collateral Agent. (i) The i)The Collateral Agent (A) may resign at any time upon notice to the Secured Bank Creditors and NoteholdersSenior Lenders, and (B) may be removed at any time upon the written request of the Required Secured Creditors Senior Lenders sent to the Collateral Agent and the other Senior Lenders. For the purposes of any determination of Required Senior Lenders under this Section 2(h)(i), any Loan and Reimbursement Obligations, Outstanding Letters of Credit Exposure or Senior Secured CreditorsNotes held by an Insolvent Entity shall be disregarded.

Resignation and Removal of Collateral Agent. (i) The Collateral Agent (A) may resign at any time upon notice to the Secured Bank Creditors and NoteholdersSenior Lenders, and (B) may be removed at any time upon the written request of the Required Secured Creditors Senior Lenders sent to the Collateral Agent and the other Senior Lenders. For the purposes of any determination of Required Senior Lenders under this Section 2(h)(i), any Loan and Reimbursement Obligations, Outstanding Letters of Credit Exposure or Senior Secured CreditorsNotes held by an Insolvent Entity shall be disregarded.

Resignation and Removal of Collateral Agent. (ia)(i) The Collateral Agent (A) may resign at any time upon by giving sixty (60) days prior written notice thereof to the Secured Bank Creditors Trustee, the Credit Agent and Noteholders, the Borrower and (B) may be removed at any time upon the written request of time, with or without cause, by the Required Secured Creditors sent Parties by written notice delivered to the Collateral Agent Borrower, the Trustee and the other Secured CreditorsCredit Agent.

Resignation and Removal of Collateral Agent. (ia) The Collateral Agent (Ai) may resign at any time upon 60 days prior written notice to the Secured Bank Creditors Lenders and Noteholders, the Company and (Bii) may be removed at any time upon the written request of the Required Secured Creditors Senior Lenders sent to the Collateral Agent and the other Secured CreditorsLenders.