Common use of Resignation by the Collateral Agent Clause in Contracts

Resignation by the Collateral Agent. (a) The Collateral Agent may resign from the performance of all its functions and duties under the Agreement and the other Transaction Documents at any time by giving 5 days’ prior written notice (as provided in the Agreement) to the Debtors and the Secured Parties. Such resignation shall take effect upon the appointment of a successor Collateral Agent pursuant to clauses (b) and (c) below.

Appears in 34 contracts

Samples: Security Agreement (Wearable Health Solutions, Inc.), Security Agreement (Mechanical Technology Inc), Security Agreement (GT Biopharma, Inc.)

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Resignation by the Collateral Agent. (a) The Collateral Agent may resign from the performance of all its functions and duties under the Agreement and the other Transaction Documents at any time by giving 5 30 days’ prior written notice (as provided in the Agreement) to the Debtors and the Secured Parties. Such resignation shall take effect upon the appointment of a successor Collateral Agent pursuant to clauses (b) and (c) below.

Appears in 7 contracts

Samples: Security Agreement (Aditxt, Inc.), Security Agreement (Aditxt, Inc.), Security Agreement (Vaccinex, Inc.)

Resignation by the Collateral Agent. (a) The Collateral Agent may resign from the performance of all its functions and duties under the Agreement and the other Transaction Documents at any time by giving 5 30 days' prior written notice (as provided in the Agreement) to the Debtors and the Secured Parties. Such resignation shall take effect upon the appointment of a successor Collateral Agent pursuant to clauses (b) and (c) below.

Appears in 6 contracts

Samples: Security Agreement (Vaccinex, Inc.), Intercreditor and Subordination Agreement (Co-Diagnostics, Inc.), Security Agreement (Intellect Neurosciences, Inc.)

Resignation by the Collateral Agent. (ai) The Collateral Agent may resign from the performance of all its functions and duties under the Agreement and the other Transaction Documents at any time by giving 5 thirty (30) days’ prior written notice (as provided in the this Agreement) to the Debtors Obligors and the Secured Parties. Such resignation shall take effect upon the appointment of a successor Collateral Agent pursuant to clauses (bii) and (ciii) below.

Appears in 6 contracts

Samples: Financing Agreement (Elevate Credit, Inc.), Financing Agreement (Elevate Credit, Inc.), Financing Agreement (Elevate Credit, Inc.)

Resignation by the Collateral Agent. (a) The Collateral Agent may resign from the performance of all its functions and duties under the Agreement and the other Transaction Documents at any time by giving 5 60 days' prior written notice (as provided in the Agreement) to the Debtors Grantor and the Secured PartiesHolders. Such resignation shall take effect upon the appointment of a successor Collateral Agent pursuant to clauses (b) and (c) below.

Appears in 4 contracts

Samples: Pledge and Security Agreement (Emagin Corp), Pledge and Security Agreement (Emagin Corp), Pledge and Security Agreement (Emagin Corp)

Resignation by the Collateral Agent. (a) The Collateral Agent may resign from the performance of all of its functions and duties under the Agreement and the other Transaction Documents at any time by giving 5 10 days’ prior written notice (as provided in the Agreement) to the Debtors Debtor and the Secured Parties. Such resignation shall take effect upon the appointment of a successor Collateral Agent pursuant to clauses (b) and (c) below.

Appears in 4 contracts

Samples: Security and Pledge Agreement (Viking Energy Group, Inc.), Security and Pledge Agreement (Camber Energy, Inc.), Security and Pledge Agreement (Camber Energy, Inc.)

Resignation by the Collateral Agent. (a) The Collateral Agent may resign from the performance of all its functions and duties under the Patent and Trademark Security Agreement and the other Transaction Documents at any time by giving 5 days60 Business Days’ prior written notice (as provided in the Patent and Trademark Security Agreement) to the Debtors Grantor and the Secured PartiesHolders. Such resignation shall take effect upon the appointment of a successor Collateral Agent pursuant to clauses (b) and (c) below.

Appears in 3 contracts

Samples: Patent and Trademark Security Agreement (Emagin Corp), Patent and Trademark Security Agreement (Emagin Corp), Patent and Trademark Security Agreement (Emagin Corp)

Resignation by the Collateral Agent. (a) The Collateral Agent may resign from the performance of all of its functions and duties under the Agreement and the other Transaction Documents at any time by giving 5 30 days' prior written notice (as provided in the Agreement) to the Debtors Debtor and the Secured Parties. Such resignation shall take effect upon the appointment of a successor Collateral Agent pursuant to clauses (b) and (c) below.

Appears in 3 contracts

Samples: Security and Pledge Agreement (Viking Energy Group, Inc.), Security and Pledge Agreement (Viking Energy Group, Inc.), Security and Pledge Agreement (Viking Energy Group, Inc.)

Resignation by the Collateral Agent. (a) The Collateral Agent may resign from the performance of all its functions and duties under the Agreement and the other Transaction Documents at any time by giving 5 days’ prior written notice (as provided in the Agreement) to the Debtors Company and the Secured Parties. Such resignation shall take effect upon the appointment of a successor Collateral Agent pursuant to clauses (b) and (c) below.

Appears in 2 contracts

Samples: Security Agreement (Location Based Technologies, Inc.), Security Agreement (Location Based Technologies, Inc.)

Resignation by the Collateral Agent. (a) The Collateral Agent may resign from the performance of all its functions and duties under the Agreement and the other Transaction Documents Senior Loan Documents, at any time by giving 5 30 days' prior written notice (as provided in the Agreement) to the Debtors Debtor and the Secured PartiesSenior Lender. Such resignation shall take effect upon the appointment of a successor Collateral Agent pursuant to clauses (b) and (c) below.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Co-Diagnostics, Inc.), Intercreditor and Subordination Agreement (Co-Diagnostics, Inc.)

Resignation by the Collateral Agent. (a) The Collateral Agent may resign from the performance of all of its functions and duties under the this Agreement and the other Transaction Documents at any time by giving 5 days’ 15 Business Days' prior or written notice (as provided in the Agreement) to the Debtors Assignors and the Secured PartiesLenders. Such resignation shall take effect upon the appointment of a successor Collateral Agent pursuant to clauses clause (b) and or (c) below.

Appears in 2 contracts

Samples: Security Agreement (Universal Compression Holdings Inc), Security Agreement (Universal Compression Inc)

Resignation by the Collateral Agent. (a) The Collateral Agent may resign from the performance of all its functions and duties hereunder and under the Pledge Agreement and the other Transaction Documents at any time by giving 5 30 days' prior written notice (as provided in to FMI, the Agreement) to the Debtors Subsidiary Pledgors and the Secured PartiesAgents. Such resignation shall take effect upon the appointment of a successor Collateral Agent pursuant to clauses (b) and (c) below.

Appears in 2 contracts

Samples: Intercreditor Agreement (Quality Food Centers Inc), Intercreditor Agreement (Fred Meyer Inc)

Resignation by the Collateral Agent. (a) The Collateral Agent may resign from the performance of all of its functions and duties hereunder and under the Security Agreement and the other Transaction Documents at any time by giving 5 days15 Business Days’ prior or written notice (as provided in the Agreement) to the Debtors Borrower and the Secured PartiesCreditors. Such resignation shall take effect upon the appointment of a successor Collateral Agent pursuant to clauses clause (b) and or (c) below.

Appears in 2 contracts

Samples: Intercreditor Agreement (Dole Food Co Inc), Intercreditor Agreement (Dole Food Co Inc)

Resignation by the Collateral Agent. (a) The Collateral Agent may resign from the performance of all of its functions and duties hereunder and under the U.S. Security Agreement and the other Transaction Documents at any time by giving 5 days15 Business Days’ prior or written notice (as provided in the Agreement) to the Debtors U.S. Borrower and the Secured PartiesCreditors. Such resignation shall take effect upon the appointment of a successor Collateral Agent pursuant to clauses clause (b) and or (c) below.

Appears in 2 contracts

Samples: Credit Agreement (Dole Food Co Inc), Credit Agreement (Dole Food Co Inc)

Resignation by the Collateral Agent. (a) The Collateral Agent may resign from the performance of all its functions and duties under the Agreement and the other Transaction Documents at any time by giving 5 30 days' prior written notice (as provided in the Agreement) to the Debtors Corporation and the Secured Parties. Such resignation shall take effect upon the appointment of a successor Collateral Agent pursuant to clauses (b) and (c) below.

Appears in 2 contracts

Samples: Share Exchange Agreement (DPW Holdings, Inc.), Share Exchange Agreement (Avalanche International, Corp.)

Resignation by the Collateral Agent. (a) The Collateral Agent may resign from the performance of all of its functions and duties under the this Agreement and the other Transaction Credit Documents at any time by giving 5 days’ 20 Business Days' prior written notice (as provided in the Agreement) to the Debtors each Assignor and the Secured PartiesCreditors. Such resignation shall take effect upon the appointment of a successor Collateral Agent pursuant to clauses clause (b) and or (c) below.

Appears in 2 contracts

Samples: Pledge Agreement (Sky Chefs Argentine Inc), Pledge Agreement (Sky Chefs Argentine Inc)

Resignation by the Collateral Agent. (a) The Collateral Agent may resign from the performance of all its functions and duties under the Agreement and the other Transaction Documents at any time by giving 5 30 days' prior written notice (as provided in the Agreement) to the Debtors and the Secured Parties. Such resignation shall take effect upon the appointment of a successor Collateral Agent Secured Parties pursuant to clauses (b) and (c) below.

Appears in 1 contract

Samples: Security and Pledge Agreement (Nac Global Technologies, Inc.)

Resignation by the Collateral Agent. (a) The Collateral Agent may resign from the performance of all of its functions and duties hereunder and under the Agreement and the other Transaction Security Documents at any time by giving 5 days’ 15 Business Days' prior or written notice (as provided in the Agreement) to the Debtors Borrower, the Lender Creditors, the Hedging Creditors, the Additional Secured Creditors and the Secured PartiesTrustee. Such resignation shall take effect upon the appointment of a successor Collateral Agent pursuant to clauses clause (b) and or (c) below.

Appears in 1 contract

Samples: Security Agreement (Davis-Standard CORP)

Resignation by the Collateral Agent. (a) The Collateral Agent may resign from the performance of all of its functions and duties under the this Agreement and the other Transaction Documents at any time by giving 5 days’ 15 Business Days' prior or written notice (as provided in the Agreement) to the Debtors Assignors and the Secured PartiesCreditors. Such resignation shall take effect upon the appointment of a successor Collateral Agent pursuant to clauses clause (b) and or (c) below.

Appears in 1 contract

Samples: Security Agreement (Menasco Aerosystems Inc)

Resignation by the Collateral Agent. (ai) The Collateral Agent may resign from the performance of all its functions and duties under the Agreement and the other Transaction Documents at any time by giving 5 thirty (30) days’ prior written notice (as provided in the this Agreement) to the Debtors Obligors and the Secured PartiesLender. Such resignation shall take effect upon the appointment of a successor Collateral Agent pursuant to clauses (bii) and (ciii) below.

Appears in 1 contract

Samples: Financing Agreement (Elevate Credit, Inc.)

Resignation by the Collateral Agent. (ai) The Collateral Agent may resign from the performance of all its functions and duties under the Agreement and the other Transaction Documents at any time by giving 5 30 days’ prior written notice (as provided in the this Agreement) to the Debtors Obligors and the Secured Parties. Such resignation shall take effect upon the appointment of a successor Collateral Agent pursuant to clauses (bii) and (ciii) below.

Appears in 1 contract

Samples: Pledge and Security Agreement (Unigene Laboratories Inc)

Resignation by the Collateral Agent. (ai) The Collateral Agent may resign from the performance of all its functions and duties under the this Agreement and the other Transaction Documents at any time by giving 5 30 days’ prior written notice (as provided in the this Agreement) to the Debtors Grantor and the Secured Parties. Such resignation shall take effect upon the appointment of a successor Collateral Agent pursuant to clauses (bii) and (ciii) below.

Appears in 1 contract

Samples: Security Agreement (Avantair, Inc)

Resignation by the Collateral Agent. (a) The Collateral Agent may resign from the performance of all of its functions and duties under the Agreement and the other Transaction Documents at any time by giving 5 10 days' prior written notice (as provided in the Agreement) to the Debtors Debtor and the Secured Parties. Such resignation shall take effect upon the appointment of a successor Collateral Agent pursuant to clauses (b) and (c) below.

Appears in 1 contract

Samples: Security and Pledge Agreement (Viking Energy Group, Inc.)

Resignation by the Collateral Agent. (a) The Collateral Agent may resign from the performance of all its functions and duties under the Patent and Trademark Security Agreement and the other Transaction Documents at any time by giving 5 days’ 60 Business Days' prior written notice (as provided in the Patent and Trademark Security Agreement) to the Debtors Grantor and the Secured PartiesHolders. Such resignation shall take effect upon the appointment of a successor Collateral Agent pursuant to clauses (b) and (c) below.

Appears in 1 contract

Samples: Patent and Trademark Security Agreement (Cephalon Inc)

Resignation by the Collateral Agent. (a) The Collateral Agent may resign from the performance of all its functions and duties under the Agreement and the other Transaction Documents hereunder at any time by giving 5 days’ thirty (30) Business Days' prior written notice (as provided in the Agreement) to the Debtors Borrower and the Secured Parties. Such resignation shall take effect upon the appointment of acceptance by a successor Collateral Agent of appointment pursuant to clauses (b) and (c) below or as otherwise provided below.

Appears in 1 contract

Samples: Credit Agreement (Supervalu Inc)

Resignation by the Collateral Agent. (a) The Collateral Agent may resign from the performance of all of its respective functions and duties hereunder and/or under the Agreement and the other Transaction Reimbursement Documents at any time by giving 5 days15 Business Days’ prior written notice (as provided in the Agreement) to the Debtors and Payee and, unless a Default or an Event of Default then exists, the Secured PartiesPayer. Such resignation shall take effect upon the appointment of a successor Collateral Agent pursuant to clauses clause (b) and (c) below or as otherwise provided below.

Appears in 1 contract

Samples: Reimbursement Agreement (Endeavour International Corp)

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Resignation by the Collateral Agent. (a) The Collateral Agent may resign from the performance of all of its functions and duties under the this Agreement and the other Transaction Documents at any time by giving 5 days’ 20 Business Days' prior written notice (as provided in the Agreement) to the Debtors Assignor and the Secured Parties. Such resignation shall take effect upon the appointment of a successor Collateral Agent pursuant to clauses clause (b) and ), (c) or (d) below.

Appears in 1 contract

Samples: Pledge Agreement (Pueblo Xtra International Inc)

Resignation by the Collateral Agent. (a) The Collateral Agent may resign from the performance of all its functions and duties under the Agreement and the other Transaction Documents at any time by giving 5 30 days’ prior written notice (as provided in the Agreement) to the Debtors Company and the Secured Parties. Such resignation shall take effect upon the appointment of a successor Collateral Agent pursuant to clauses (b) and (c) below.

Appears in 1 contract

Samples: Security Agreement (Authentidate Holding Corp)

Resignation by the Collateral Agent. (a) The Collateral Agent may resign from the performance of all of its functions and duties under the this Agreement and the other Transaction Documents at any time by giving 5 days’ 15 Business Days' prior or written notice (as provided in the Agreement) to the Debtors Assignors and the Secured PartiesBanks. Such resignation shall take effect upon the appointment of a successor Collateral Agent pursuant to clauses clause (b) and or (c) below.

Appears in 1 contract

Samples: Security Agreement (Universal Compression Holdings Inc)

Resignation by the Collateral Agent. (as) The Collateral Agent may resign from the performance of all of its functions and duties under the this Agreement and the other Transaction Documents at any time by giving 5 days’ 30 Business Days' prior written notice (as provided in the Agreement) to the Debtors each Assignor and the Secured PartiesCreditors. Such resignation shall take effect upon the appointment of a successor Collateral Agent pursuant to clauses clause (b) and or (c) below.

Appears in 1 contract

Samples: Pledge and Security Agreement (Eldertrust)

Resignation by the Collateral Agent. (a) The Collateral Agent may resign from the performance of all its functions and duties under the Agreement and the other Applicable Transaction Documents at any time by giving 5 30 days’ prior written notice (as provided in the AgreementApplicable Transaction Documents) to the Debtors Company and its Subsidiaries and the Secured PartiesInvestor Representative. Such resignation shall take effect upon the appointment of a successor Collateral Agent pursuant to clauses (b) and (c) below.

Appears in 1 contract

Samples: Securities Purchase Agreement (Olympus Pacific Minerals Inc)

Resignation by the Collateral Agent. (a1) The Collateral Agent may resign from the performance of all its respective functions and duties hereunder and/or under the Agreement and the other Transaction Documents at any time by giving 5 days’ 15 Business Days' prior written notice (as provided in the Agreement) to the Debtors and Holders and, to the Secured Partiesextent permitted by applicable law, the Company. Such resignation shall take effect upon the appointment of a successor Collateral Agent pursuant to clauses (b2) and (c3) below or as otherwise provided below.

Appears in 1 contract

Samples: Note and Warrant Purchase Agreement (Artistdirect Inc)

Resignation by the Collateral Agent. (a) The Collateral Agent may resign from the performance of all its respective functions and duties hereunder and/or under the Agreement and the other Transaction Shared Collateral Documents at any time by giving 5 daysat least 60 Business Days’ prior written notice (as provided in the Agreement) to the Debtors Group Representatives, and, unless an Event of Default of which the Collateral Agent has actual knowledge has occurred and is continuing, to the Secured Obligor Parties. Such resignation shall take effect upon the appointment of a successor Collateral Agent pursuant to clauses (bc) and (cd) below or as otherwise provided below.

Appears in 1 contract

Samples: Intercreditor and Collateral Agency Agreement (Auna S.A.A.)

Resignation by the Collateral Agent. (a) The Collateral Agent may resign from the performance of all its functions and duties under the Security Agreement and the other Transaction Documents at any time by giving 5 days’ 60 Business Days' prior written notice (as provided in the Security Agreement) to the Debtors Grantor and the Secured PartiesHolders. Such resignation shall take effect upon the appointment of a successor Collateral Agent pursuant to clauses (b) and (c) below.

Appears in 1 contract

Samples: Security Agreement (Cephalon Inc)

Resignation by the Collateral Agent. (a) The Collateral Agent may resign from the performance of all its functions and duties under the Agreement and the other Transaction Documents at any time by giving 5 30 days' prior written notice (as provided in the Agreement) to the Debtors Grantor and the Secured Parties. Such resignation shall take effect upon the appointment of a successor Collateral Agent pursuant to clauses (b) and (c) below.

Appears in 1 contract

Samples: Security Agreement (True Drinks Holdings, Inc.)

Resignation by the Collateral Agent. a)" \* MERGEFORMAT (a) The Collateral Agent may resign from the performance of all of its functions and duties under the this Agreement and the other Transaction Documents at any time by giving 5 days’ 20 Business Days' prior written notice (as provided in the Agreement) to the Debtors each Assignor and the Secured PartiesCreditors. Such resignation shall take effect upon the appointment of a successor Collateral Agent pursuant to clauses clause (b) and or (c) below.

Appears in 1 contract

Samples: Security Agreement (Eldertrust)

Resignation by the Collateral Agent. (a) The Collateral Agent may resign from the performance of all its functions and duties hereunder and under the Agreement and the other Transaction Credit Documents at any time by giving 5 days’ 15 Business Days' prior written notice (as provided in the Agreement) to the Debtors Borrower and the Secured PartiesLenders. Such resignation shall take effect upon the appointment of a successor Collateral Agent pursuant to clauses (b) and (c) below or as otherwise provided below.

Appears in 1 contract

Samples: Credit Agreement (Pride International Inc)

Resignation by the Collateral Agent. (a) The Collateral Agent may resign from the performance of all its functions and duties under the Agreement and the any other Transaction Documents documents at any time by giving 5 days’ prior written notice (as provided in the Agreement) to the Debtors Pledgors and the Secured PartiesHolders. Such resignation shall take effect upon the appointment of a successor Collateral Agent pursuant to clauses (b) and (c) below.

Appears in 1 contract

Samples: Stock Pledge Agreement (GT Biopharma, Inc.)

Resignation by the Collateral Agent. (a) The Collateral Agent may from time to time resign from the performance of all its functions and duties under the Agreement and the other Transaction Documents at any time by giving 5 days’ prior written notice (as provided in the Agreement) to the Debtors and the Secured Parties. Such resignation shall take effect upon the appointment of appoint a successor Collateral Agent pursuant in accordance with the provisions of Section 10.6 of the Credit Agreement, and such successor shall be entitled to clauses (b) all of the rights and (c) belowremedies of the Collateral Agent under this Agreement in relation thereto.

Appears in 1 contract

Samples: Security and Pledge Agreement (Owens & Minor Inc/Va/)

Resignation by the Collateral Agent. (a) The Collateral Agent may resign from the performance of all its functions and duties under the Agreement and the other Transaction Documents at any time by giving 5 days’ prior written notice (as provided in the Agreement) to the Debtors Debtor and the Secured Parties. Such resignation shall take effect upon the appointment of a successor Collateral Agent pursuant to clauses (b) and (c) below.

Appears in 1 contract

Samples: General Security Agreement (2304101 Ontario Inc.)

Resignation by the Collateral Agent. (a) The Collateral Agent may resign from the performance of all its functions and duties under the Agreement and the other Transaction Documents as such at any time by giving 5 upon at least thirty (30) days' prior written notice (as provided in to Lessee, the Agreement) to Lessor, SPC, the Debtors Participants, S&P, Xxxxx'x and the Secured Parties. Such resignation shall take effect upon the appointment of a successor Collateral Agent pursuant to clauses (b) and (c) belowPlacement Agents.

Appears in 1 contract

Samples: Participation Agreement (Genentech Inc)

Resignation by the Collateral Agent. (a) The Collateral Agent may resign from the performance of all of its functions and duties under the this Agreement and the other Transaction Documents at any time by giving 5 days’ 15 Business Days' prior or written notice (as provided in the Agreement) to the Debtors Assignor and the Secured PartiesCreditors. Such resignation shall take effect upon the appointment of a successor Collateral Agent pursuant to clauses clause (b) and or (c) below.

Appears in 1 contract

Samples: Security Agreement (Menasco Aerosystems Inc)

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