Common use of RESIGNATION BY ANY AGENT OR MANAGING AGENT Clause in Contracts

RESIGNATION BY ANY AGENT OR MANAGING AGENT. Any Agent and any Managing Agent may resign as such at any time upon at least 30 days’ prior notice to the Company, the other Agents, the Banks and the Issuing Bank. In the event of such resignation by a Syndication Agent or the Administrative Agent, the Required Banks (with the consent of the Company (which shall not be unreasonably withheld) in the event that there then does not exist an Event of Default or Unmatured Event of Default), shall as promptly as practicable appoint a successor Syndication Agent or Administrative Agent, as the case may be.

Appears in 1 contract

Samples: Credit Agreement (Occidental Petroleum Corp /De/)

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RESIGNATION BY ANY AGENT OR MANAGING AGENT. Any Agent and any Managing Agent may resign as such at any time upon at least 30 days' prior notice to the Company, the other Agents, the Banks Company and the Issuing BankBanks. In the event of such resignation by a Syndication the Administrative Agent or the Administrative Facility Agent, the Required Banks (with the consent of the Company (which shall not be unreasonably withheld) in the event that there then does not exist an Event of Default or Unmatured Event of Default), shall as promptly as practicable appoint a successor Syndication Administrative Agent or Administrative Facility Agent, as the case may be. ARTICLE X MISCELLANEOUS SECTION 10.01.

Appears in 1 contract

Samples: Credit Agreement (Occidental Petroleum Corp /De/)

RESIGNATION BY ANY AGENT OR MANAGING AGENT. Any Agent and any Managing Agent may resign as such at any time upon at least 30 days' prior notice to the Company, the other Agents, the Banks Company and the Issuing BankBanks. In the event of such resignation by a the Syndication Agent or the Administrative Agent, the Required Banks (with the consent of the Company (which shall not be unreasonably withheld) in the event that there then does not exist an Event of Default or Unmatured Event of Default), shall as promptly as practicable appoint a successor Syndication Agent or Administrative Agent, as the case may be.

Appears in 1 contract

Samples: Credit Agreement (Occidental Petroleum Corp /De/)

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RESIGNATION BY ANY AGENT OR MANAGING AGENT. Any Agent and any Managing Agent may resign as such at any time upon at least 30 days' prior notice to the Company, the other Agents, the Banks and the Issuing Bank. In the event of such resignation by a Syndication Agent or the Administrative Agent, the Required Banks (with the consent of the Company (which shall not be unreasonably withheld) in the event that there then does not exist an Event of Default or Unmatured Event of Default), shall as promptly as practicable appoint a successor Syndication Agent or Administrative Agent, as the case may be.

Appears in 1 contract

Samples: Credit Agreement (Occidental Petroleum Corp /De/)

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