Resignation of a Guarantor. (a) The Company may request that a Guarantor (other than the Company) ceases to be a Guarantor by delivering to the Agent a Resignation Letter. (b) The Agent shall accept a Resignation Letter and notify the Company and the Lenders of its acceptance if:
Appears in 7 contracts
Samples: Facility Agreement (Marine Harvest ASA), Facility Agreement (Marine Harvest ASA), Facility Agreement (Marine Harvest ASA)
Resignation of a Guarantor. (a) The Company may request that a Guarantor (other than the Company) ceases to be a Guarantor by delivering to the Agent a Resignation Letter.
(b) The Agent shall accept a Resignation Letter and notify the Company and the Lenders of its acceptance if:
Appears in 4 contracts
Samples: Facility Agreement (Pilgrims Pride Corp), Facility Agreement (Moscow Cablecom Corp), Facility Agreement (Gallaher Group PLC)
Resignation of a Guarantor. (a) 26.6.1 The Company may request that a Guarantor (other than the Company) ceases to be a Guarantor by delivering to the Agent a Resignation Letter.
(b) 26.6.2 The Agent shall accept a Resignation Letter and notify the Company and the Lenders of its acceptance if:if no Default is continuing or would result from the acceptance of the Resignation Letter (and the Company has confirmed this is the case).
Appears in 3 contracts
Samples: Revolving Facility Agreement (Sibanye Gold LTD), Revolving Credit Facility Agreement (Sibanye Stillwater LTD), Revolving Facility Agreement (Sibanye Gold LTD)
Resignation of a Guarantor. (a) The Company may request that a Guarantor (other than the Company) ceases to be a Guarantor by delivering to the Agent a Resignation Letter.
(b) The Agent shall accept a Resignation Letter and notify the Company and the Lenders of its acceptance if:
(i) no Default is continuing or would result from the acceptance of the Resignation Letter (and the Company has confirmed this is the case); and
(ii) all the Lenders have consented to the Company’s request. SECTION 10 THE FINANCE PARTIES
Appears in 3 contracts
Samples: Senior Revolving Credit Facility Agreement, Facility Agreement (Golden Telecom Inc), Facility Agreement (Golden Telecom Inc)
Resignation of a Guarantor. (a) The Company may request that a Guarantor (other than the Company) ceases to be a Guarantor by delivering giving to the Facility Agent a duly completed Resignation LetterRequest.
(b) The Facility Agent shall must accept a Resignation Letter Request and notify the Company and the Lenders each other Finance Party of its acceptance if:
(i) (A) that Guarantor is the subject of a Re-designation made in accordance with this Agreement; or
Appears in 3 contracts
Samples: Fifth Supplemental Agreement (MGM Resorts International), Second Supplemental Agreement (MGM Resorts International), Supplemental Agreement (MGM Resorts International)
Resignation of a Guarantor. (a) 25.5.1 The Company may request that a Guarantor (other than the CompanyCompany or a Borrower) ceases to be a Guarantor by delivering to the Agent Lender a Resignation Letter.
(b) 25.5.2 The Agent shall Lender may accept a Resignation Letter at its discretion and notify the Company and the Lenders of its acceptance if:acceptance.
Appears in 2 contracts
Samples: Facilities Agreement (MiX Telematics LTD), Facilities Agreement (PowerFleet, Inc.)
Resignation of a Guarantor. (a) The Company Issuer may request that a Guarantor (other than the Company) ceases to be a Guarantor by delivering to the Agent a Resignation Letter.
(b) The Agent shall accept a Resignation Letter and notify the Company and the Lenders of its acceptance if:
Appears in 2 contracts
Samples: Note Subscription Agreement (CorpAcq Group PLC), Note Subscription Agreement (CorpAcq Group PLC)
Resignation of a Guarantor. (a) The Company may request that a Guarantor (other than the Company) ceases to be a Guarantor by delivering to the Agent a Resignation Letter.
(b) The Agent shall accept a Resignation Letter and notify the Company and the Lenders of its acceptance if:
(i) no Default is continuing or would result from the acceptance of the Resignation Letter (and the Company has confirmed this is the case); and
(ii) all the Lenders have consented to the Company's request. Back to Contents
Appears in 2 contracts
Samples: Multicurrency Revolving Facilities Agreement (Gallaher Group PLC), Facility Agreement (Mitchells & Butlers PLC)
Resignation of a Guarantor. (a) The Company may request that a Guarantor (other than the Company) ceases to be a Guarantor by delivering to the Agent a Resignation Letter.
(b) The Agent shall accept a Resignation Letter and notify the Company and the Lenders of its acceptance if:
(i) no Default is continuing or would result from the acceptance of the Resignation Letter (and the Company has confirmed this is the case); and
(ii) all the Lenders have consented to the Company’s request.
Appears in 1 contract
Samples: Credit Agreement (Sappi LTD)
Resignation of a Guarantor. (a) The Company may request that a Guarantor (other than the Company) ceases to be a Guarantor by delivering to the Agent Security Trustee a duly completed and executed Resignation LetterDeed.
(b) The Agent shall accept a Resignation Letter and notify the Company and the Lenders of its acceptance if:
Appears in 1 contract
Resignation of a Guarantor. (a) The Company may request that a Guarantor (other than the Company) ceases to be a Guarantor by delivering to the Agent a Resignation Letter.
(b) The Agent shall accept a Resignation Letter and notify the Company and the Lenders of its acceptance if:
Appears in 1 contract
Resignation of a Guarantor. (a) The Company may request that a Guarantor (other than the Company) ceases to be a Guarantor by delivering to the Agent a Resignation Letter.
(b) The Agent shall accept a Resignation Letter and notify the Company and the Lenders Banks of its acceptance if:if no Default is continuing or would result from the acceptance of the Resignation Letter (and the Company has confirmed this is the case). Back to Contents
Appears in 1 contract
Samples: Multicurrency Revolving Facility Agreement (Wolseley PLC)
Resignation of a Guarantor. (a) 31.6.1 The Company may request that a Guarantor (other than the Company) ceases to be a Guarantor by delivering to the Facility Agent a Resignation Letter.
(b) 31.6.2 The Facility Agent shall accept a Resignation Letter and notify the Company and the Lenders of its acceptance if:
Appears in 1 contract
Samples: Facilities Agreement (Shuttle Corp)
Resignation of a Guarantor. (a) The Company may request that a Guarantor (other than the Company) ceases to be a Guarantor by delivering to the Agent Lender a Resignation Letter.
(b) The Agent Lender shall accept a Resignation Letter and notify the Company and the Lenders of its acceptance if:
(i) no Default is continuing or would result from the acceptance of the Resignation Letter (and the Company has confirmed this is the case); and
(ii) no amount owed by that Guarantor under this Agreement is still outstanding.
Appears in 1 contract
Resignation of a Guarantor. (a) The Company may request that a Guarantor (other than the Company) ceases to be a Guarantor by delivering to the Agent a Resignation Letter.
(b) The Agent shall accept a Resignation Letter and notify the Company and the Lenders of its acceptance if:
(i) no Default is continuing or would result from the acceptance of the Resignation Letter (and the Company has confirmed this is the case); and
(ii) all the Lenders have consented to the Company's request.
Appears in 1 contract
Samples: Facility Agreement (Intercontinental Hotels Group PLC /New/)
Resignation of a Guarantor. (a) The Company Borrower may request that a Guarantor (other than the CompanyBorrower) ceases to be a Guarantor by delivering to the Agent a Resignation Letter.
(b) The Agent shall accept a Resignation Letter and notify the Company Borrower and the Lenders of its acceptance if:
Appears in 1 contract
Resignation of a Guarantor. (a) The Company may request that a Guarantor (other than the Company) ceases to be a Guarantor by delivering to the Facility Agent a Resignation Letter.
(b) The Facility Agent shall accept a Resignation Letter and notify the Company and the Lenders of its acceptance if:
Appears in 1 contract
Resignation of a Guarantor. (a) The Company may request that a Guarantor (other than the Company) ceases to be a Guarantor by delivering to the Agent a Resignation Letter.Letter if:
(bi) The Agent shall accept that Guarantor is being disposed of by way of a Third Party Disposal (as defined in Clause 30.3 (Resignation Letter of a Borrower)) and notify the Company and has confirmed this is the Lenders of its acceptance if:case; or
(ii) subject to clause 3.3 (
Appears in 1 contract
Resignation of a Guarantor. (a) The Company may request that a Guarantor (other than the Company) ceases to be a Guarantor by delivering to the Agent a Resignation Letter.
(b) The Agent shall accept a Resignation Letter and notify the Company and the Lenders of its acceptance if:
(i) no Default is continuing or would result from the acceptance of the Resignation Letter (and the Company has confirmed this is the case); and
(ii) all the Lenders have consented to the Company’s request.
Appears in 1 contract
Samples: Revolving Senior Secured Credit Facility Agreement (Gold Fields LTD)
Resignation of a Guarantor. (a) The Company Borrower may request that a Guarantor (other than the CompanyOriginal Borrower) ceases to be a Guarantor by delivering to the Agent a Resignation Letter.
(b) The Agent shall accept a Resignation Letter and notify the Company and the Lenders of its acceptance if:
Appears in 1 contract
Samples: Facility Agreement (Cascal N.V.)
Resignation of a Guarantor. (a) The If a Guarantor is subject to a Third Party Disposal, the Company may request that a Guarantor (other than the Company) ceases to be a Guarantor by delivering to the Agent a Resignation Letter.
(b) The Agent shall accept a Resignation Letter and notify the Company Obligors’ Agent and the Lenders of its acceptance if:
Appears in 1 contract
Samples: Facility Agreement (Sappi LTD)
Resignation of a Guarantor. (a) The Company may request that a Guarantor (other than the Company) ceases to be a Guarantor by delivering to the Facility Agent a Resignation Letter.
(b) The Agent shall accept a Resignation Letter and notify the Company and the Lenders of its acceptance if:
Appears in 1 contract
Resignation of a Guarantor. (a) The Company may request that a Guarantor (other than the Company) ceases to be a Guarantor by delivering to the Agent a Resignation Letter.
(b) The Agent shall accept a Resignation Letter and notify the Company and the Lenders of its acceptance if:
(i) no Default is continuing or would result from the acceptance of the Resignation Letter (and the Company has confirmed this is the case); and
(ii) all the Lenders have consented to the Company’s request.
Appears in 1 contract
Resignation of a Guarantor. (a) The Company A Guarantor may request that a Guarantor (other than the Company) it ceases to be a Guarantor by delivering to the Agent a Resignation Letter.
(b) The Agent shall accept a Resignation Letter and notify the Company and the Lenders other Finance Parties of its acceptance if:if no Default is continuing or would result from the acceptance of the Resignation Letter (and the Guarantor has confirmed that this is the case).
Appears in 1 contract
Resignation of a Guarantor. (a) The Company may request that a Guarantor (other than the Company) ceases to be a Guarantor by delivering to the Facility Agent a Resignation Letter.
(b) The Facility Agent shall accept a Resignation Letter and notify the Company and the Lenders of its acceptance if:
(i) no Default is continuing or would result from the acceptance of the Resignation Letter (and the Company has confirmed this is the case); and
(ii) all the Lenders have consented to the Company's request.
Appears in 1 contract
Resignation of a Guarantor. (a) The Company Borrower may request that a Guarantor (other than the CompanyBorrower) ceases to be a Guarantor by delivering to the Agent a Resignation Letter.
(b) The Agent shall accept a Resignation Letter and notify the Company Borrower and the Lenders of its acceptance if:
(i) no Default is continuing or would result from the acceptance of the Resignation Letter (and the Borrower has confirmed this is the case); and
(ii) all the Lenders have consented to the Borrower’s request.
Appears in 1 contract
Samples: Single Currency Term Facility Agreement (General Geophysics Co)
Resignation of a Guarantor. (a) The Company may request that a Guarantor (other than the Company) ceases to be a Guarantor by delivering to the Agent a Resignation Letter.
(b) The Agent shall accept a Resignation Letter and notify the Company and the Lenders Banks of its acceptance if:if no Default is continuing or would result from the acceptance of the Resignation Letter (and the Company has confirmed this is the case). Back to Contents 26 ROLE OF THE AGENT AND THE ARRANGERS
Appears in 1 contract
Samples: Multicurrency Revolving Facility Agreement (Wolseley PLC)
