Resignation of Collateral Agent. The Collateral Agent may resign without cause and be discharged from the trusts created hereby by delivering notice thereof, by registered or certified mail postage prepaid to the Borrower and the Administrative Agent. Such resignation shall take effect immediately upon the appointment of a successor Collateral Agent as provided in §§8.8 and 8.9.
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Samples: Subordinated Security Agreement (World Acceptance Corp), Security Agreement (World Acceptance Corp)
Resignation of Collateral Agent. The Collateral Agent may resign without cause and be discharged from the trusts created hereby by delivering notice thereof, by registered or certified mail postage prepaid to the Borrower each Company and the Administrative Agent. Such resignation shall take effect immediately upon the appointment of a successor Collateral Agent as provided in §§8.8 and 8.9.
Appears in 2 contracts
Samples: Subordinated Security Agreement, Pledge and Indenture of Trust (World Acceptance Corp), Security Agreement (World Acceptance Corp)
Resignation of Collateral Agent. The Collateral Agent may resign without cause and be discharged from the trusts created hereby by delivering notice thereof, by registered or certified mail postage prepaid to the Borrower and the Administrative Agent. Such resignation shall take effect immediately upon the appointment of a successor Collateral Agent as provided in §§Sections 8.8 and 8.9.
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Resignation of Collateral Agent. The Collateral Agent may resign without cause and be discharged from the trusts created hereby by delivering notice thereof, by registered or certified mail postage prepaid to the Borrower each Company and the Administrative Agent. Such resignation shall take effect immediately upon the appointment of a successor Collateral Agent as provided in §§Sections 8.8 and 8.9.
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Resignation of Collateral Agent. The Collateral Agent may resign without cause by mailing notice specifying the time and be discharged from the trusts created hereby by delivering notice thereof, by registered or certified mail postage prepaid date when such resignation shall take effect to the Borrower Company Representative and the Administrative Agentto all Holders. Such resignation shall take effect at the time and on the date specified in such notice (being not less than thirty (30) calendar days after the mailing of such notice) unless previously a successor Collateral Agent shall have been appointed as hereinafter provided, in which event such resignation shall take effect immediately upon the appointment of a successor Collateral Agent as provided in §§8.8 and 8.9such successor.
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