Resignation by Agent. (a) Agent may resign from the performance of all its functions and duties hereunder at any time by giving fifteen (15) Business Days' prior written notice to Borrower and the Lenders. Such resignation shall take effect upon the acceptance by a successor Agent of appointment pursuant to clauses (b) and (c) below or as otherwise provided below.
Appears in 7 contracts
Samples: Credit Agreement (BMC Industries Inc/Mn/), Credit Agreement (BMC Industries Inc/Mn/), Credit Agreement (Compx International Inc)
Resignation by Agent. (a) The Agent may resign from the performance of all its functions and duties hereunder at any time by giving fifteen (15) 15 Business Days' prior written notice to the Borrower and the LendersBanks. Such resignation shall take effect upon the acceptance by a successor Agent of appointment pursuant to clauses subsections (b) and (c) below or as otherwise provided below.
Appears in 2 contracts
Samples: Credit Agreement (Styling Technology Corp), Credit Agreement (Styling Technology Corp)
Resignation by Agent. (a) Agent may resign from the performance of all its functions and duties hereunder at any time by giving fifteen (15) Business Days' prior written notice to Borrower the Company and the Lenders. Such resignation shall take effect upon the acceptance by a successor Agent of appointment pursuant to clauses (b) and (c) below or as otherwise provided below.
Appears in 2 contracts
Samples: Credit Agreement (Glatfelter P H Co), Credit Agreement (Glatfelter P H Co)
Resignation by Agent. (a) In the event Agent reasonably determines that it can no longer serve as agent hereunder by reason of a conflict of interest or restrictions imposed by any law, rule or regulation applicable to it, Agent may resign from the performance of all its functions and duties hereunder at any time by giving fifteen thirty (1530) Business Days' days prior written notice to Borrower and the Lenderseach Lender. Such resignation shall take effect upon the acceptance by a successor Agent agent of appointment pursuant to clauses (b) and or (c) below or as otherwise provided below.
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Resignation by Agent. (aA) Agent may resign from the performance of all its functions and duties hereunder at any time by giving fifteen (15) Business Days30 days' prior written notice to the Borrower and each of the LendersBanks. Such resignation shall take effect upon the acceptance by a successor Agent of appointment pursuant to clauses (b) and (c) below or as otherwise provided below.
Appears in 1 contract
Samples: Loan Agreement (Wellman Inc)
Resignation by Agent. (a) Agent may resign from the performance of all its functions and duties hereunder at any time by giving fifteen (15) Business Days' prior written notice to Borrower Borrowers and the Lenders. Such resignation shall take effect upon the acceptance by a successor Agent of appointment pursuant to clauses (b) and (c) below or as otherwise provided below.
Appears in 1 contract
Samples: Credit Agreement (Natg Holdings LLC)
Resignation by Agent. (a) Agent may resign from the performance of all its functions and duties hereunder at any time by giving fifteen (15) Business Days' β prior written notice to Borrower and the Lenders. Such resignation shall take effect upon the acceptance by a successor Agent of appointment pursuant to clauses (b) and (c) below or as otherwise provided below.
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Resignation by Agent. (a) 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 fifteen (15) Business Days' prior written notice to Borrower and the LendersBanks. Such resignation shall take effect upon the acceptance by appointment of a successor Agent of appointment pursuant to clauses (b) and (c) below or as otherwise provided below.
Appears in 1 contract
Samples: Term Loan Agreement (Autotote Corp)