Common use of Resignation by Administrative Agent Clause in Contracts

Resignation by Administrative Agent. (a) Administrative Agent may resign from the performance of all its functions and duties hereunder at any time by giving thirty (30) Business Days’ prior written notice to Company and the Lenders. Such resignation shall take effect upon the acceptance by a successor Administrative Agent of appointment pursuant to clauses (b) and (c) below or as otherwise provided below.

Appears in 6 contracts

Samples: Credit Agreement (Ball Corp), Credit Agreement (Ball Corp), Credit Agreement (Ball Corp)

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Resignation by Administrative Agent. (a) Administrative Agent may resign from the performance of all its functions and duties hereunder at any time by giving thirty fifteen (3015) Business Days’ prior written notice to Company and the Lenders. Such resignation shall take effect upon the acceptance by a successor Administrative Agent of appointment pursuant to clauses (b) and (c) below or as otherwise provided below.

Appears in 6 contracts

Samples: Security Agreement (Texas Petrochemicals Inc.), Security Agreement (Texas Petrochemicals Inc.), Revolving Credit Agreement (Texas Petrochemicals Inc.)

Resignation by Administrative Agent. (a) Administrative An Agent may resign from the performance of all its functions and duties hereunder at any time by giving thirty fifteen (3015) Business Days’ prior written notice to Company Borrowers and the Lenders. Such resignation shall take effect upon the acceptance by a successor Administrative Agent of appointment pursuant to clauses (b) and (c) below or as otherwise provided below.

Appears in 5 contracts

Samples: Credit Agreement (Crown Holdings Inc), Pledge Agreement (Crown Holdings Inc), Credit Agreement (Crown Holdings Inc)

Resignation by Administrative Agent. (a) The Administrative Agent may resign from the performance of all its functions and duties hereunder at any time by giving thirty (30) 15 Business Days' prior written notice to Company the Borrowers and the LendersBanks. Such resignation shall take effect upon the acceptance by a successor Administrative Agent of appointment pursuant to clauses subsections (b) and b)and (c) below or as otherwise provided below.

Appears in 3 contracts

Samples: Assignment and Assumption Agreement (MMH Holdings Inc), Credit Agreement (MMH Holdings Inc), Credit Agreement (Morris Material Handling Inc)

Resignation by Administrative Agent. (a) Administrative Agent may resign from the performance of all its functions and duties hereunder at any time by giving thirty fifteen (3015) Business Days' prior written notice to Company Borrower and the Lenders. Such resignation shall take effect upon the acceptance by a successor Administrative Agent of appointment pursuant to clauses (b) and (c) below or as otherwise provided below.

Appears in 3 contracts

Samples: Credit Agreement (TNS Inc), Credit Agreement (Titanium Metals Corp), Credit Agreement (Noveon Inc)

Resignation by Administrative Agent. (a) Administrative Agent may resign from the performance of all its respective functions and duties hereunder and/or under the other Loan Documents at any time by giving thirty (30) Business Daysdays’ prior written notice to Company and the LendersLenders and, unless an Event of Default under Section 10.1(a) or 10.1(i) then exists, Borrowers’ Agent. Such resignation shall take effect upon the acceptance by appointment of a successor Administrative Agent of appointment pursuant to clauses (b) and (c) below or as otherwise provided below.

Appears in 2 contracts

Samples: Credit Agreement and Syndicated Facility Agreement (Owens-Illinois Group Inc), Assignment and Assumption Agreement (Owens-Illinois Group Inc)

Resignation by Administrative Agent. (a) Administrative Agent may resign from the performance of all its functions and duties hereunder and/or under the other Credit Documents at any time by giving thirty (30) 30 Business Days' prior written notice to Company Borrower and the Lenders. Such resignation shall take effect upon the acceptance by appointment of a successor Administrative Agent of appointment pursuant to clauses (b) and (c) below or as otherwise provided below.

Appears in 2 contracts

Samples: Credit Agreement (Trumps Castle Funding Inc), Credit Agreement (Trump Hotels & Casino Resorts Funding Inc)

Resignation by Administrative Agent. (ah) Administrative Agent may resign from the performance of all its functions and duties hereunder at any time by giving thirty fifteen (3015) Business Days’ prior written notice to Company and the Lenders. Such resignation shall take effect upon the acceptance by a successor Administrative Agent of appointment pursuant to clauses (b) and (c) below or as otherwise provided below.

Appears in 2 contracts

Samples: Term Loan Agreement (Texas Petrochemicals Inc.), Term Loan Agreement (Texas Petrochemicals Inc.)

Resignation by Administrative Agent. (a) Administrative Agent may resign from the performance of all its functions and duties hereunder at any time by giving thirty fifteen (3015) Business Days’ prior written notice to Company and the Lenders. Such resignation shall take effect upon the acceptance by a successor Administrative Agent of appointment pursuant to clauses (b) and (c) below or as otherwise provided below.

Appears in 2 contracts

Samples: Credit Agreement (Ball Corp), Credit Agreement (Ball Corp)

Resignation by Administrative Agent. (a) Administrative Agent may resign from the performance of all its functions and ----------------------------------- duties hereunder at any time by giving thirty fifteen (3015) Business Days' prior written notice to Company and the Lenders. Such resignation shall take effect upon the acceptance by a successor Administrative Agent of appointment pursuant to clauses (b) and (c) below or as otherwise provided below.

Appears in 1 contract

Samples: Credit Agreement (Us Can Corp)

Resignation by Administrative Agent. (a) Administrative Agent may resign from the performance of all its functions and duties hereunder at any time by giving thirty fifteen (3015) Business Days' prior written notice to Company each Borrower and the Lenders. Such resignation shall take effect upon the acceptance by a successor Administrative Agent of appointment pursuant to clauses (b) and (c) below or as otherwise provided below.

Appears in 1 contract

Samples: Credit Agreement (Huntsman Advanced Materials (UK) LTD)

Resignation by Administrative Agent. (a) Administrative Agent may resign from the performance of all its respective functions and duties hereunder and/or under the other Loan Documents at any time by giving thirty (30) Business Daysdays’ prior written notice to Company and the LendersLenders and, unless an Event of Default under Section 10.1(a) or 10.1(i) then exists, Borrowers’ Agent. Such resignation shall take effect upon the acceptance by appointment of a successor Administrative Agent of appointment pursuant to clauses (b) and (c) below or as otherwise provided below.. 148

Appears in 1 contract

Samples: Intercreditor Agreement (Owens-Illinois Group Inc)

Resignation by Administrative Agent. (a) Administrative Agent may resign from the performance of all its functions and duties hereunder at any time by giving thirty fifteen (3015) Business Days’ prior written notice to Company Borrower and the Lenders. Such resignation shall take effect upon the acceptance by a successor Administrative Agent of appointment pursuant to clauses (b) and (c) below or as otherwise provided below.

Appears in 1 contract

Samples: Credit Agreement (Huntsman LLC)

Resignation by Administrative Agent. (a) The Administrative Agent may resign from the performance of all its functions and duties hereunder at any time by giving thirty (30) 15 Business Days' prior written notice to Company the Borrower and the LendersBanks. Such resignation shall take effect upon the acceptance by a successor Administrative Agent of appointment pursuant to clauses subsections (b) and (c) below or as otherwise provided below.

Appears in 1 contract

Samples: Credit Agreement (Holley Performance Products Inc)

Resignation by Administrative Agent. (a) Administrative Agent Agents may resign from the performance of all its functions and duties hereunder at any time by giving thirty fifteen (3015) Business Days’ prior written notice to Company and the Lenders. Such resignation shall take effect upon the acceptance by a successor Administrative Agent or Canadian Administrative Agent of appointment pursuant to clauses (b) and (c) below or as otherwise provided below.

Appears in 1 contract

Samples: Credit Agreement (Ball Corp)

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Resignation by Administrative Agent. (a) The Administrative Agent may resign from the performance of all its functions and duties hereunder at any time by giving thirty (30) 15 Business Days' prior written notice to Company the Borrower, the Issuing Bank and the LendersBanks. Such resignation shall take effect upon the acceptance by a successor Administrative Agent of appointment pursuant to clauses subsection (b) and or (c) below or as otherwise provided below.

Appears in 1 contract

Samples: Credit Agreement (Scovill Holdings Inc)

Resignation by Administrative Agent. (a) Administrative Agent may resign from the performance of all its functions and duties hereunder as such at any time by giving upon at least thirty (30) Business Days’ days' prior written notice to Company and Lessee, Lessor, the Lenders. Such resignation shall take effect upon other Agents and, the acceptance by a successor Administrative Agent of appointment pursuant to clauses (b) and (c) below or as otherwise provided belowParticipants.

Appears in 1 contract

Samples: Participation Agreement (Human Genome Sciences Inc)

Resignation by Administrative Agent. (a) Administrative Agent may resign from the performance of all its functions and duties hereunder as such at any time by giving upon at least thirty (30) Business Days’ prior written notice days' notice, in writing, to Company Lessee, the Lessor, and the Lenders. Such Funding Parties provided such resignation shall take effect upon the acceptance by not be effective until a successor Administrative Agent of appointment has been appointed pursuant to clauses (b) and (c) below or as otherwise provided belowSection 9.2(b).

Appears in 1 contract

Samples: Participation Agreement (Gtech Holdings Corp)

Resignation by Administrative Agent. (a) Administrative Agent may resign from the performance of all its functions and duties hereunder at any time by giving thirty fifteen (3015) Business Days’ prior written notice to Company Borrower and the Lenders. Such resignation shall take effect upon the acceptance by a successor Administrative Agent of appointment pursuant to clauses clause (b) and ), (c) below or as otherwise provided (d) below.

Appears in 1 contract

Samples: Credit Agreement (Huntsman Petrochemical Finance Co)

Resignation by Administrative Agent. (a) Administrative Agent Agents may resign from the performance of all its functions and duties hereunder at any time by giving thirty fifteen (3015) Business Days' prior written notice to Company and the Lenders. Such resignation shall take effect upon the acceptance by a successor Administrative Agent or Canadian Administrative Agent of appointment pursuant to clauses (b) and (c) below or as otherwise provided below.

Appears in 1 contract

Samples: Credit Agreement (Ball Corp)

Resignation by Administrative Agent. (a) The Administrative ----------------------------------- Agent may resign from the performance of all its functions and duties hereunder or under any other Credit Document at any time by giving thirty (30) 15 Business Days' prior written notice to Company the Borrower, the Issuing Bank and the LendersBanks. Such resignation shall take effect upon (x) the acceptance by a successor Administrative Agent of appointment pursuant to clauses subsection (b) and or (c) below or as otherwise provided below, and (y) the delivery to the successor Administrative Agent of any documents in the possession of the Administrative Agent that it is holding in such capacity.

Appears in 1 contract

Samples: Credit Agreement (Scovill Holdings Inc)

Resignation by Administrative Agent. (a) Administrative Agent may resign from the performance of all its functions and duties hereunder at any time by giving thirty fifteen (3015) Business Days' prior written notice to Company Borrower and the Lenders. Such resignation shall take effect upon the acceptance by a successor Administrative Agent of appointment pursuant to clauses clause (b) and ), (c) below or as otherwise provided (d) below.

Appears in 1 contract

Samples: Credit Agreement (Huntsman Polymers Corp)

Resignation by Administrative Agent. (a) Administrative Agent may resign from the performance of all its functions and duties hereunder at any time by giving thirty (30) Business Daysdays’ prior written notice to Company and the Lenders. Such resignation shall take effect upon the acceptance by a successor Administrative Agent of appointment pursuant to clauses (b) and (c) below or as otherwise provided below.

Appears in 1 contract

Samples: Credit Agreement (Greif Inc)

Resignation by Administrative Agent. (a) The Administrative Agent may resign from the performance of all its functions and duties hereunder at any time by giving thirty (30fifteen(15) Business Days' prior written notice to Company the Borrower and the Lenders. Such resignation shall take effect upon the acceptance by a successor Administrative Agent of appointment pursuant to clauses (bSECTION 8.9(b) and OR (c) below or as otherwise provided below.

Appears in 1 contract

Samples: Credit Agreement (Hon Industries Inc)

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