Common use of Resignation and Succession Clause in Contracts

Resignation and Succession. The Agent may resign as Agent upon ten days' written notice to the Banks, the Swing Line Lender and the Borrowers, provided, however, that such resignation shall not become effective until a successor agent shall have accepted its appointment hereunder; and provided, further, that if no successor shall have so accepted within 30 days from the date of such notice, the Agent may apply to a court of competent jurisdiction for the appointment of a successor agent. If the Agent shall resign as Agent, then the Borrowers (or the Required Banks, if the Borrowers fail to do so) shall appoint a successor agent, whereupon such successor agent shall succeed to the rights, powers and duties of the Agent, and the term "

Resignation and Succession. The Agent may resign as Agent upon ten days' written notice to the Banks, the Swing Line Lender and the BorrowersBorrower, provided, however, that such resignation -------- ------- shall not become effective until a successor agent shall have accepted its appointment hereunder; and provided, further, that if no successor shall have so accepted within 30 days from the date of such notice, the Agent may apply to a court of competent jurisdiction for the appointment of a successor agent. If the Agent shall resign as Agent, then the Borrowers Borrower (or the Required Banks, if the Borrowers fail Borrower fails to do so) shall appoint a successor agent, whereupon such successor agent shall succeed to the rights, powers and duties of the Agent, and the term "

Resignation and Succession. The Agent may resign as Agent upon ten days' written notice to the Banks, the Swing Line Lender and the BorrowersBorrower, provided, however, that such resignation -------- ------- shall not become effective until a successor agent shall have accepted its appointment hereunder; and provided, further, that if no successor shall have so accepted within 30 days from the date of such notice, the Agent may apply to a court of competent jurisdiction for the appointment of a successor agent. If the Agent shall resign as Agent, then the Borrowers Borrower (or the Required Banks, if the Borrowers fail Borrower fails to do so) shall appoint a successor agent, whereupon such successor agent shall succeed to the rights, powers and duties of the Agent, and the term "

Resignation and Succession. The Agent may resign as Agent upon ten days' written notice to the Banks, the Swing Line Lender and the Borrowers, provided, however, that such -------- ------- resignation shall not become effective until a successor agent shall have accepted its appointment hereunder; and provided, further, that if no successor shall have so accepted within 30 days from the date of such notice, the Agent may apply to a court of competent jurisdiction for the appointment of a successor agent. If the Agent shall resign as Agent, then the Borrowers (or the Required Banks, if the Borrowers fail to do so) shall appoint a successor agent, whereupon such successor agent shall succeed to the rights, powers and duties of the Agent, and the term "