Common use of Resignation by the Administrative Agent Clause in Contracts

Resignation by the Administrative Agent. (a) The 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 twenty (20) Business Days’ prior written notice to the Lenders and, unless an Event of Default under Section 11.05

Appears in 4 contracts

Samples: Credit Agreement (Aleris Ohio Management, Inc.), Credit Agreement (Aleris Ohio Management, Inc.), Credit Agreement (Aleris Ohio Management, Inc.)

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Resignation by the Administrative Agent. (a) The Administrative Agent may resign from the performance of all of its functions and duties hereunder and/or and under the U.S. Security Agreement and the other Credit Security Documents and Secured Debt Agreements at any time by giving twenty fifteen (2015) Business Days’ prior or written notice to the Lenders and, unless an Event Borrower and the Secured Creditors. Such resignation shall take effect upon the appointment of Default under Section 11.05a successor Administrative Agent pursuant to clause (b) or (c) below.

Appears in 3 contracts

Samples: Credit Agreement (Aleris Ohio Management, Inc.), u.s. Security Agreement (Aleris Ohio Management, Inc.), Credit Agreement (Aleris Ohio Management, Inc.)

Resignation by the Administrative Agent. (a) The Administrative Agent may resign from as the performance of all its functions and duties hereunder and/or under the other Credit Documents at any time by giving twenty Administrative Agent upon thirty (2030) Business Daysdays’ prior written notice to the Lenders, the L/C Issuers and the Borrowers. If the Administrative Agent resigns under this Agreement, the Required Lenders andshall appoint from among the Lenders a successor agent for the Lenders, unless which successor agent shall be consented to by the Company at all times other than during the existence of an Event of Default under Section 11.05(which consent of the

Appears in 2 contracts

Samples: Asset Based Revolving Credit Agreement (Contura Energy, Inc.), Asset Based Revolving Credit Agreement (Contura Energy, Inc.)

Resignation by the Administrative Agent. (a) The Administrative Agent may resign from the performance of all its functions and duties hereunder and/or under the other Credit Documents as such at any time by giving twenty (20) Business Days’ upon at least 30 days' prior written notice to the Lenders and, unless an Event of Default under Section 11.05Borrower

Appears in 1 contract

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

Resignation by the Administrative Agent. (a) The Administrative Agent may resign from the performance of all its respective functions and duties hereunder and/or under the other Credit Documents at any time by giving twenty (20) 15 Business Days’ prior written notice to the Lenders and, unless a Default or an Event of Default under Section 11.059.05 then exists, the Company.

Appears in 1 contract

Samples: Term Loan Credit Agreement (Omnova Solutions Inc)

Resignation by the Administrative Agent. (a) The Administrative Agent may resign from the performance of all its respective functions and duties hereunder and/or under the other Credit Documents at any time by giving twenty (20) 20 Business Days’ prior written notice to the Lenders and, unless an Event of Default under Section 11.059.05

Appears in 1 contract

Samples: Term Loan Agreement (Aleris International, Inc.)

Resignation by the Administrative Agent. (a) The Administrative Agent may resign from the performance of all its respective functions and duties hereunder and/or under the other Credit Documents at any time by giving twenty (20) 15 Business Days' prior written notice to the Lenders and, unless a Default or an Event of Default under Section 11.059.05

Appears in 1 contract

Samples: Credit Agreement (Silgan Holdings Inc)

Resignation by the Administrative Agent. (a) The 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 twenty (20) 20 Business Days’ prior written notice to the Lenders and, unless an Event of Default under Section 11.05

Appears in 1 contract

Samples: Credit Agreement (Aleris International, Inc.)

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Resignation by the Administrative Agent. (a) The Administrative Agent may resign from the performance of all its functions and duties hereunder and/or hereunder, under the other Credit Loan Documents or the Guaranty at any time by giving twenty (20) 15 Business Days' prior written notice to the Lenders and, unless an Event Borrower and the Banks. Such resignation shall take effect upon the appointment of Default under Section 11.05a successor Administrative Agent pursuant to clauses (b) and (c) below or as otherwise provided below.

Appears in 1 contract

Samples: Credit Agreement (Enron Oil & Gas Co)

Resignation by the Administrative Agent. (a) The Administrative Agent may resign from the performance of all its respective functions and duties hereunder and/or under the other Credit Documents at any time by giving twenty (20) 15 Business Days’ prior written notice to the Lenders and, unless a Default or an Event of Default under Section 11.0510.05

Appears in 1 contract

Samples: Credit Agreement (Silgan Holdings Inc)

Resignation by the Administrative Agent. (a) The 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 twenty (20) 15 Business Days' prior written notice to the Lenders and, unless an Event Borrower and the Banks. Such resignation shall take effect upon the appointment of Default under Section 11.05a successor Administrative Agent pursuant to clauses (b) and (c) below or as otherwise provided below.

Appears in 1 contract

Samples: Credit Agreement (Capstar Broadcasting Corp)

Resignation by the Administrative Agent. (a) The 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 twenty fifteen (2015) Business Days’ prior written notice to the Lenders and, unless an Event Borrower and the Lenders. Such resignation shall take effect upon the acceptance by a successor Administrative Agent of Default under Section 11.05appointment pursuant to clauses (b) and (c) below or as otherwise provided below.

Appears in 1 contract

Samples: Credit Agreement (Huntsman International LLC)

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