Common use of Resignation of the Administrative Agent Clause in Contracts

Resignation of the Administrative Agent. (a) 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 30 Business Days' prior written notice to the Borrower and the Banks. Such resignation shall take effect upon the appointment of a successor Administrative Agent pursuant to clauses (b) and (c) below or as otherwise provided below.

Appears in 1 contract

Samples: Credit Agreement (NRT Inc)

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Resignation of the Administrative Agent. (ai) 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 30 Business Days' prior written notice to the US Borrower and the BanksLenders. Such resignation shall take effect upon the appointment of a successor Administrative Agent pursuant to clauses (b) and (c) below or as otherwise provided below.

Appears in 1 contract

Samples: Lease Agreement (Compass Minerals International Inc)

Resignation of the Administrative Agent. (a) 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 30 15 Business Days' ’ prior written notice to the Borrower and the BanksLenders. Such resignation shall take effect upon the appointment of a successor Administrative Agent pursuant to clauses (b) and (c) below below, or as otherwise provided below.

Appears in 1 contract

Samples: Credit Agreement (United Breweries Co Inc)

Resignation of the Administrative Agent. (a) The --------------------------------------- Administrative Agent may resign from the performance of all its functions and duties hereunder and/or under the other Credit Documents as Administrative Agent at any time by giving 30 Business Days' prior written upon notice to the Borrower Creditors and the Banks. Such resignation Debtor not less than sixty (60) calendar days prior to the effective date of the resignation, in which case a Majority of Creditors shall take effect upon the appointment of appoint a successor Administrative Agent pursuant to clauses (b) and (c) below or as otherwise provided belowAgent.

Appears in 1 contract

Samples: Syndicated Term Loan Contract (Cama Commercial Group, Corp.)

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Resignation of the Administrative Agent. (a) The Administrative --------------------------------------- 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 30 Business Days' prior written notice to the Borrower and the Banks. Such resignation shall take effect upon the appointment of a successor Administrative Agent pursuant to clauses (b) and (c) below or as otherwise provided below.

Appears in 1 contract

Samples: Credit Agreement (NRT Inc)

Resignation of the Administrative Agent. (a) 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 30 Business Days' prior written notice to the US Borrower and the BanksLenders. Such resignation shall take effect upon the appointment of a successor Administrative Agent pursuant to clauses (b) and (c) below or as otherwise provided below.

Appears in 1 contract

Samples: Lease Agreement (Compass Minerals International Inc)

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