Common use of Resignation of Security Agent Clause in Contracts

Resignation of Security Agent. (a) The Security Agent may resign and appoint one of its Affiliates as successor by giving notice to the other Parties (or to the Agent on behalf of the Lenders).

Appears in 3 contracts

Samples: Share Pledge Agreement (CGG Veritas), Share Pledge Agreement (General Geophysics Co), Central European Media Enterprises LTD

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Resignation of Security Agent. (a) The Security Agent may resign and appoint one of its Affiliates as successor by giving notice to the other Parties (or Company and to the Facility Agent on behalf of the Lenders).

Appears in 3 contracts

Samples: Agreement (SunOpta Inc.), Multipurpose Facilities Agreement (SunOpta Inc.), Secured Facility Agreement (SBS Broadcasting S A)

Resignation of Security Agent. (a) The Security Agent may resign and appoint one of its Affiliates as successor by giving notice to the other Parties (or Company and to the Agent on behalf of the Lenders).

Appears in 2 contracts

Samples: Agreement (Alliance Data Systems Corp), Agreement (Alliance Data Systems Corp)

Resignation of Security Agent. (a) The Security Agent may resign and appoint one of its Affiliates as successor by giving notice to the other Parties (or to the Facility Agent on behalf of the Lenders)) in which case the Majority Lenders may appoint a successor Security Agent.

Appears in 2 contracts

Samples: Amendment and Restatement Agreement (Visteon Corp), Senior Facilities Agreement (Net 1 Ueps Technologies Inc)

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Resignation of Security Agent. (a) The Security Agent may resign and appoint one of its Affiliates as successor by giving notice to the other Parties (or to the Agent on behalf of the LendersAdministrative Agent).

Appears in 1 contract

Samples: Hanarotelecom Inc

Resignation of Security Agent. (a) The Subject to the appointment and acceptance of a successor Security Agent as provided below, the Security Agent may resign and appoint one and, if required to do so in writing by the Finance Parties, will resign at any time by giving to the Finance Parties not less than 30 days' notice of its Affiliates as successor by giving notice intention to the other Parties (or to the Agent on behalf of the Lenders)do so.

Appears in 1 contract

Samples: Amendment and Restatement Agreement (Strategic Hotels & Resorts, Inc)

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