Resignation of a Guarantor. The Parent may request that a Guarantor (other than the Parent) ceases to be a Guarantor by delivering to the Agent a Resignation Letter. The Agent shall accept a Resignation Letter and notify the Parent and the Lenders of its acceptance if no Default is continuing or would result from the acceptance of the Resignation Letter (and the Parent has confirmed this is the case).
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Samples: Facilities Agreement (Signet Jewelers LTD), Facilities Agreement (Signet Jewelers LTD)
Resignation of a Guarantor. 32.6.1 The Parent Company may request that a Guarantor (other than the ParentParent Company) ceases to be a Guarantor by delivering to the Facility Agent a Resignation Letter. The Agent shall accept a Resignation Letter and notify the Parent and the Lenders of its acceptance if no Default is continuing or would result from the acceptance of the Resignation Letter (and the Parent has confirmed this is the case).
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Samples: Facilities Agreement (Shire Pharmaceuticals Group PLC)
Resignation of a Guarantor. (a) The Parent may request that a Guarantor (other than the Parent) ceases to be a Guarantor by delivering to the Agent a Resignation Letter. .
(b) The Agent shall accept a Resignation Letter and notify the Parent and the Lenders Banks of its acceptance if if:
(i) no Default is continuing or would result from the acceptance of the Resignation Letter (and the Parent has confirmed this is the case); and
(ii) all the Banks have consented to the Parent’s request.
Appears in 1 contract
Samples: Multicurrency Revolving Credit and Guarantee Facility Agreement (Subsea 7 S.A.)
Resignation of a Guarantor. (a) The Parent may request that a Guarantor (other than the Parent) ceases to be a Guarantor by delivering to the Agent a Resignation Letter. .
(b) The Agent shall accept a Resignation Letter and notify the Parent and the Lenders of its acceptance if no Default is continuing or would result from the acceptance of the Resignation Letter (and the Parent has confirmed this is the case).if:
Appears in 1 contract
Samples: Multicurrency Term and Revolving Facilities Agreement (Seawell LTD)
Resignation of a Guarantor. 25.4.1 The Parent may request that a Guarantor (other than the ParentParent or any member of the Group which has acceded as an Additional Guarantor under Clause 23.15.2 (Acceleration)) ceases to be a Guarantor by delivering to the Agent a Resignation Letter. The Agent shall accept a Resignation Letter and notify the Parent and the Lenders of its acceptance if no Default is continuing or would result from the acceptance of the Resignation Letter (and the Parent has confirmed this is the case).
Appears in 1 contract
Samples: Sustainability Linked Revolving Credit Facility Agreement (ICL Group Ltd.)
Resignation of a Guarantor. 21.4.1 The Parent may request that a Guarantor (other than the Parent) ceases to be a Guarantor by delivering to the Agent a Resignation Letter. .
21.4.2 The Agent shall accept a Resignation Letter and notify the Parent and the Lenders of its acceptance if if:
(a) no Default is continuing or would result from the acceptance of the Resignation Letter (and the Parent has confirmed this is the case); and
(b) all the Lenders have consented to the Parent's request.
Appears in 1 contract
Samples: Mezzanine Bridge Facility Agreement (Aramex International LTD)
Resignation of a Guarantor. The Parent may request that a Guarantor (other than the ParentParent or the Company) ceases to be a Guarantor by delivering to the Agent a Resignation Letter. The Agent shall accept a Resignation Letter and notify the Parent and the Lenders of its acceptance if no Default is continuing or would result from the acceptance of the Resignation Letter (and the Parent has confirmed this is the case).if:
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