Common use of Resignation of Service Bank Clause in Contracts

Resignation of Service Bank. A Service Bank may at any time resign its appointment under this Agreement by giving the Obligors and the other Banks not less than 30 days prior written notice to that effect.

Appears in 3 contracts

Samples: Credit Facility Agreement, Credit Facility Agreement (Max Capital Group Ltd.), Credit Facility Agreement (Max Capital Group Ltd.)

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Resignation of Service Bank. A Each Service Bank may at any time resign its appointment under this Agreement by giving the Obligors and the other Banks not less than 30 days days’ prior written notice to that effect. The Service Bank’s resignation notice shall only take effect upon the appointment of a successor in accordance with Clauses 23.2 or 23.3.

Appears in 2 contracts

Samples: Credit Facility Agreement (Amtrust Financial Services, Inc.), Facility Agreement (Amtrust Financial Services, Inc.)

Resignation of Service Bank. A Each Service Bank may at any time resign its appointment under this Agreement by giving the Obligors and the other Banks not less than 30 days days’ prior written notice to that effect.

Appears in 2 contracts

Samples: Loan Agreement (KNOT Offshore Partners LP), Loan Agreement (KNOT Offshore Partners LP)

Resignation of Service Bank. A Each Service Bank may at any time resign its appointment under this Agreement by giving the Obligors and the other Banks not less than 30 days days' prior written notice to that effect.

Appears in 1 contract

Samples: Loan Agreement (Omega Navigation Enterprises, Inc.)

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Resignation of Service Bank. A Service Bank may at any time resign its appointment under this Agreement by giving the Obligors and the other Banks Creditor Parties not less than 30 days prior written notice to that effect.

Appears in 1 contract

Samples: Credit Facility Agreement (ALTERRA CAPITAL HOLDINGS LTD)

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