Resignation and Replacement. The Operator may resign as Operator upon notifying the non-Operator in writing of its resignation at any time after a Program has been approved by the Management Committee but before the commencement of the implementation of such Program, or at any time if no Program is being carried out at that time. The Operator shall be deemed to have resigned if:
Resignation and Replacement. (a) The Facility Agent may resign as such at any time upon at least thirty (30) days prior notice to the Borrower and all the Lenders; provided, however, that no such resignation shall be effective unless a successor to it as the Facility Agent is appointed in accordance with this Clause. Following delivery of any such notice of resignation, the Required Lenders may, with the prior written consent of the Borrower (such consent not to be unreasonably withheld or delayed), at any time upon fifteen (15) days notice to the Facility Agent and the Borrower, appoint another Lender as the successor Facility Agent which shall thereupon become the Facility Agent hereunder. If no successor Facility Agent shall have been so appointed by the Required Lenders, and shall have accepted such appointment, within thirty (30) days after the retiring Facility Agent's giving notice of resignation, then the retiring Facility Agent may, on behalf of the Finance Parties, appoint (with the prior written consent of the Borrower (such consent not to be unreasonably withheld or delayed)) a successor Facility Agent, which shall be one of the Lenders or another reputable and experienced banking or financial institution.
Resignation and Replacement. Subject to the appointment and acceptance of a successor Administrative Agent or Technical Agent as provided in this Section, each of the Administrative Agent and the Technical Agent may resign at any time by notifying each other Secured Party and the Borrower. The Administrative Agent and the Technical Agent may be removed as agent hereunder, under the other Financing Documents to which it is a party and under the PRI Policies upon thirty (30) days’ notice by an instrument in writing signed by the Majority Lenders and the Majority Hedge Banks. Upon any such resignation or removal, the Majority Lenders and the Majority Hedge Banks shall have the right to appoint a successor. No removal or resignation of the Administrative Agent or the Technical Agent or appointment of a successor Administrative Agent or Technical Agent shall be effective until (a) the appointment of a successor is accepted by such successor and (b) all indemnity and compensation required under the Financing Documents, and, in the case of the Administrative Agent, the PRI Policies have been paid or provided for. If no successor shall have been so appointed by the Majority Lenders and the Majority Hedge Banks or shall have accepted such appointment within thirty (30) days after the retiring Administrative Agent or Technical Agent, as the case may be, gives notice of its resignation, then such retiring Administrative Agent or Technical Agent may, on behalf of the Secured Parties, appoint a successor Administrative Agent or Technical Agent, as the case may be, which shall be a bank with an office in New York, New York or London, England having capital and surplus in excess of $500,000,000, or an affiliate of any such bank. Upon the acceptance of its appointment as the Administrative Agent or Technical Agent hereunder, as applicable, by a successor, such successor shall succeed to and become vested with all the rights, powers, privileges and duties of such retiring Administrative Agent or Technical Agent and such retiring Administrative Agent or Technical Agent shall be discharged from its duties and obligations hereunder, under each other Financing Document to which it is a party and, in the case of the Administrative Agent, under the PRI Policies. The fees payable by the Borrower to a successor Administrative Agent or Technical Agent shall be the same as those payable to its predecessor unless otherwise agreed between the Borrower and such successor. After the resignation of either the Admini...
Resignation and Replacement. 98 12.10 Discharge.................................................. 99
Resignation and Replacement. 87 SECTION 8.04. Agent in Individual Capacity...................................87 SECTION 8.05.
Resignation and Replacement. Subject to the appointment and acceptance of a successor Agent as provided below, any Agent may resign at any time by notifying the Lenders and the Borrower. Upon any such resignation, the Required Lenders shall have the right to appoint a successor acceptable to the Borrower, such consent not to be unreasonably withheld; provided, however, that the consent of the Borrower shall not be required to any such appointment during the continuance of any Event of Default. If no successor shall have been so appointed by the Required Lenders and shall have accepted such appointment within 30 days after the retiring Agent gives notice of its resignation, then the retiring Agent may, on behalf of the Lenders, appoint a successor Agent which shall be a bank with an office in the United States, having a combined capital and surplus of at least $500,000,000 or an Affiliate of any such bank. Upon the acceptance of any appointment as Agent hereunder by a successor bank, such successor shall succeed to and become vested with all the rights, powers, privileges and duties of the retiring Agent and the retiring Agent shall be discharged from its duties and obligations hereunder. After the Agent's resignation hereunder, the provisions of this Article and Section 9.05 shall continue in effect for its benefit in respect of any actions taken or omitted to be taken by it while it was acting as Agent.
Resignation and Replacement. (1) Agent may resign from the performance of all its functions and duties hereunder and/or under any of the Documents at any time by giving 15 days' prior written notice to the Firms. Such resignation shall take effect upon the appointment of a successor Agent pursuant to clauses (3) and (4) below or as otherwise provided below.
Resignation and Replacement. 50 9.10 DISCHARGE.................................................................................51
Resignation and Replacement. Any Voting Trustee ----------------------------- may resign at any time by delivering to the remaining Voting Trustees and to the Company his written resignation, to take effect at the time of delivery. If any Voting Trustee shall die or resign before any Jordan Descendants shall have become Holders, the then remaining Voting Trustees shall elect a successor Voting Trustee from among Taylor Descendants. When any Jordan Descendant shalx xxxe become a Holder, three of the Voting Trustees shall resign. Two of the positions shall be filled by the Holders who are Jordan Descendants, voting as a class (in proportion to their interests in the Globe Voting Trust) for Jordan Descendants; and the remaining position (the "Fifth Trustee") shall be filled by the executive of Globe Newspaper Company, if any, who is a director of the Company or, if none, by vote of the other four Voting Trustees. Thereafter, any vacancy caused by death or resignation of a Voting Trustee who is a Taylor Descendant (but not the Fifth Trustee) shall bx xxxxed by the Holders who are Taylor Descendants, voting as a class for a Taylor Xxxxxxdant, any vacancy caused by the death or resignation of a Voting Trustee who is a Jordan Descendant (but not the Fifth Trustee) shall be filled by the Holders who are Jordan Descendants, voting as a class for a Jordan Descendant, and any vacancy caused by the death or resignation of the Fifth Trustee shall be filled in the same manner as the vacancy filled by election of the original Fifth Trustee. Each and every power granted to a Voting Trustee under this Voting Trust Agreement shall vest in each and every successor Voting Trustee immediately upon his or her appointment and acceptance of said office. Each successor Voting Trustee shall be deemed to have accepted said office upon delivery of a writing to that effect to the remaining Voting Trustees and to the Company.
Resignation and Replacement. The Depository may resign and be discharged from all duties and obligations hereunder after giving one month's notice in writing to the other parties hereto. Following any resignation of the Depository, a successor depository shall be forthwith appointed by the Nominee with the consent of the Lenders or, failing such appointment within 10 days of such resignation, by the Supreme Court of British Columbia upon the application of the resigning Depository at the expense of the Lenders. Upon such appointment, the successor depository shall be vested with the same powers, rights and privileges, and be charged with the same duties, trusts and responsibilities, as are herein expressed to be vested in or charged on the Depository.
