Common use of Resignation of the Administrative Agent Clause in Contracts

Resignation of the Administrative Agent. Subject to the appointment and acceptance of a successor Administrative Agent as provided in this Section 11.06, the Administrative Agent may resign at any time by notifying the Lenders, the Issuing Bank and the

Appears in 2 contracts

Samples: Credit Agreement (Diamondback Energy, Inc.), Credit Agreement (Diamondback Energy, Inc.)

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Resignation of the Administrative Agent. Subject to the appointment and acceptance of a successor Administrative Agent as provided in this Section 11.06, the The Administrative Agent may resign at any time by notifying giving notice to the LendersLenders and the Borrower, in which case the Issuing Bank and theLenders (after consultation with the Borrower) may appoint a successor Administrative Agent.

Appears in 2 contracts

Samples: Term Loan Facility Agreement (Ship Finance International LTD), Amendment Agreement (Ship Finance International LTD)

Resignation of the Administrative Agent. Subject to the appointment and acceptance of a successor Administrative Agent as provided in this Section 11.06, the (a) The Administrative Agent may resign at any time and appoint one of its Affiliates acting through an office as successor by notifying giving notice to the Lenders, Lenders and the Issuing Bank and theCredit Parties.

Appears in 2 contracts

Samples: Abl Credit Agreement (Univar Inc.), Abl Credit Agreement (Univar Inc.)

Resignation of the Administrative Agent. Subject The Administrative Agent may resign from the performance of all its functions and duties hereunder and/or under the other Credit Documents at any time by giving written notice to the US Borrower and the Lenders. Such resignation shall take effect upon the appointment and acceptance of a successor Administrative Agent pursuant to clauses (b) and (c) below or as otherwise provided in this Section 11.06, the Administrative Agent may resign at any time by notifying the Lenders, the Issuing Bank and thebelow.

Appears in 2 contracts

Samples: Credit Agreement (Compass Minerals International Inc), Credit Agreement (Compass Minerals International Inc)

Resignation of the Administrative Agent. Subject to the appointment and acceptance of a successor Administrative Agent as provided in this Section 11.06, the The Administrative Agent may resign at any time and appoint one of its Affiliates acting through an office in New York as successor by notifying giving notice to the Lenders, other Finance Parties and the Issuing Bank and theBorrowers.

Appears in 1 contract

Samples: Senior Secured Credit Facility Agreement (Pacific Drilling S.A.)

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Resignation of the Administrative Agent. Subject to the appointment and acceptance of a successor Administrative Agent as provided in this Section 11.06, the (a) The Administrative Agent may resign at any time and appoint one of its Affiliates as successor by notifying giving notice to the Lenders, other Finance Parties and the Issuing Bank and theBorrower.

Appears in 1 contract

Samples: Term Facility Agreement (Cadence Design Systems Inc)

Resignation of the Administrative Agent. Subject to the appointment and acceptance of a successor Administrative Agent as provided in this Section 11.06, the (a) The Administrative Agent may resign at any time by notifying from the Lenders, performance of all its functions and duties hereunder and/or under the Issuing Bank and theother

Appears in 1 contract

Samples: Credit Agreement (Davis-Standard CORP)

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