Common use of Resignation by Agent Clause in Contracts

Resignation by Agent. Section 8.6.1. The Agent may resign from the performance of all its functions and duties under the Financing Documents at any time by giving 30 days' prior written notice to the Borrower and each of the Lenders. Such resignation shall take effect upon the acceptance by a successor Agent, of appointment pursuant to Sections 8.6.2 and 8.6.3 below or as otherwise provided below.

Appears in 5 contracts

Samples: Loan Agreement (PCD Inc), Loan Agreement (Conley Canitano & Associates Inc), Loan Agreement (Trimble Navigation LTD /Ca/)

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Resignation by Agent. Section 8.6.1. The Agent may resign from the performance of all its ------------- functions and duties under the Financing Documents at any time by giving 30 days' prior written notice to the Borrower and each of the Lenders. Such resignation shall take effect upon the acceptance by a successor Agent, of appointment pursuant to Sections 8.6.2 and 8.6.3 below or as otherwise provided -------------- ----- below.

Appears in 4 contracts

Samples: Loan Agreement (Nxtrend Technology Inc), Loan Agreement (Somera Communications Inc), Loan Agreement (Talentpoint Inc)

Resignation by Agent. Section SECTION 8.6.1. The Agent may resign from the performance of all its functions and duties under the Financing Documents at any time by giving 30 days' prior written notice to the Borrower and each of the Lenders. Such resignation shall take effect upon the acceptance by a successor Agent, of appointment pursuant to Sections SECTIONS 8.6.2 and 8.6.3 below or as otherwise provided below.

Appears in 3 contracts

Samples: Loan Agreement (PCD Inc), Loan Agreement (Conley Canitano & Associates Inc), Loan Agreement (Conley Canitano & Associates Inc)

Resignation by Agent. Section 8.6.1. The (a) Agent may resign from the performance of all its functions and duties under the Financing Agreement and the other Transaction Documents at any time by giving 30 days' prior written notice (as provided in the Agreement) to the Borrower Debtors and each of the LendersSecured Parties. Such resignation shall take effect upon the acceptance by appointment of a successor Agent, of appointment Agent pursuant to Sections 8.6.2 clauses (b) and 8.6.3 below or as otherwise provided (c) below.

Appears in 2 contracts

Samples: Security Agreement, Security Agreement (Discovery Energy Corp.)

Resignation by Agent. Section 8.6.1. The Agent may resign from the performance of all its functions and duties under the Financing Documents hereunder at any time by giving 30 days' prior written notice to the Borrower and each of the Lenders. Such resignation shall take effect upon the acceptance by a successor Agent, Agent of appointment pursuant to Sections clauses 8.6.2 and 8.6.3 below or as otherwise provided below.

Appears in 1 contract

Samples: Loan Agreement (Galaxy Telecom Lp)

Resignation by Agent. Section 8.6.1. (a) The Agent may resign from the performance of all its functions and duties under the Financing Documents hereunder at any time by giving 30 days' 15 Business Days’ prior written notice to the Borrower and each of the Lenders. Such resignation shall take effect upon the acceptance by a successor Agent, Agent of appointment pursuant to Sections 8.6.2 10.10(b) and 8.6.3 10.10(c) below or as otherwise provided below.

Appears in 1 contract

Samples: Revolving Intercreditor Agreement (Frederick's of Hollywood Group Inc /Ny/)

Resignation by Agent. Section 8.6.1. (a) The Agent may resign from the performance of all its functions and duties under the Financing Documents at any time by giving 30 days' prior written notice to the Borrower and each of the Lenders. Such resignation shall take effect upon the acceptance by a successor Agent, of appointment pursuant to Sections 8.6.2 8.6(b) and 8.6.3 8.6(c) below or as otherwise provided below.

Appears in 1 contract

Samples: Loan Agreement (Cornerstone Brands Inc)

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Resignation by Agent. Section 8.6.1. A. The Agent may resign from the performance of all its functions and duties under the Financing Documents hereunder at any time by giving 30 days15 Business Days' prior written notice to the Borrower and each of the LendersBanks. Such resignation shall take effect upon the acceptance by a successor Agent, Agent of appointment pursuant to Sections 8.6.2 subsections B and 8.6.3 C below or as otherwise provided below.

Appears in 1 contract

Samples: Credit Agreement (Wheels Sports Group Inc)

Resignation by Agent. Section 8.6.1. The Agent may resign from the performance of all its functions and duties under the Financing Documents at any time by giving 30 days' prior written notice to the Borrower and each of the Lenders. Such resignation shall take effect upon the acceptance by a successor Agent, of appointment pursuant to Sections SECTIONS 8.6.2 and 8.6.3 below or as otherwise provided below.

Appears in 1 contract

Samples: Loan Agreement (Finisar Corp)

Resignation by Agent. Section 8.6.1. A. The Agent may resign from the performance of all its functions and duties under the Financing Documents hereunder at any time by giving 30 daysBusiness Days' prior written notice to the Borrower and each of the LendersBanks. Such resignation shall take effect upon the acceptance by a successor Agent, Agent of appointment pursuant to Sections 8.6.2 subsections B and 8.6.3 C below or as otherwise provided below.

Appears in 1 contract

Samples: Securities Pledge Agreement (Carson Inc)

Resignation by Agent. Section SECTION 8.6.1. The Agent may resign from the performance of all its functions and duties under the Financing Documents at any time by giving 30 days' prior written notice to the Borrower and each of the Lenders. Such resignation shall take effect upon the acceptance by a successor Agent, of appointment pursuant to Sections SECTIONS 8.6.2 and 8.6.3 below or as otherwise provided below.

Appears in 1 contract

Samples: Loan Agreement (Innoveda Inc)

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