Common use of Resignation of the Agent; Successor Agent Clause in Contracts

Resignation of the Agent; Successor Agent. The Agent may resign as the Agent upon 60 days' notice to the Banks and the Company. Upon the resignation of the Agent, the Required Banks shall appoint from among the Banks a successor Agent which is a bank or a trust company for the Banks subject to prior approval by the Company (such approval not to be unreasonably withheld, provided that such approval shall not be required if a Default or an Event of Default then exists), whereupon such successor agent shall succeed to the rights, powers and duties of the Agent, and the term "Agent" shall include such successor agent effective upon its appointment, and the resigning Agent's rights, powers and duties as the Agent shall be terminated, without any other or further act or deed on the part of such former Agent or any of the parties to this Agreement. After the resignation of the Agent hereunder, the provisions of this Section 11 shall inure to its benefit as to any actions taken or omitted to be taken by it while it was Agent under this Agreement.

Resignation of the Agent; Successor Agent. The Agent may ----------------------------------------- resign as the Agent upon 60 20 days' notice to the Banks and the CompanyBanks. Upon the resignation of the Agent, the Required Banks shall appoint from among the Banks a successor Agent which is a bank or a trust company for the Banks subject to prior approval by the Company Borrower (such approval not to be unreasonably withheld, provided that such approval shall not be required if a Default withheld or an Event of Default then existsdelayed), whereupon such successor agent shall succeed to the rights, powers and duties of the Agent, and the term "Agent" shall include such successor succes sor agent effective upon its appointment, and the resigning Agent's rights, powers and duties as the Agent shall be terminated, without any other or further act or deed on the part of such former Agent or any of the parties to this Agreement. After the resignation of the Agent hereunder, the provisions of this Section 11 shall inure to its benefit as to any actions taken or omitted to be taken by it while it was Agent under this Agreement.

Resignation of the Agent; Successor Agent. The Agent may resign as the Agent upon 60 20 days' notice to the Banks Lenders and the Company. Upon the resignation of the Agent, Lenders holding in the Required Banks aggregate more than 50% of the outstanding principal amount of Interim Notes shall appoint from among the Banks Lenders a successor Agent which is a bank or a trust company for the Banks Lenders subject to prior approval by the Company (such approval not to be unreasonably withheld, provided that such approval shall not be required if a Default withheld or an Event of Default then existsdelayed), whereupon such successor agent Agent shall succeed to the rights, powers and duties of the resigning Agent, and the term "Agent" shall include such successor agent Agent effective upon its appointment, and the resigning Agent's rights, powers and duties as the Agent shall be terminated, without any other or further act or deed on the part of such former Agent or any of the parties to this Agreement. After the resignation of the Agent hereunder, the provisions of this Section 11 9 shall inure to its benefit as to any actions taken or omitted to be taken by it while it was Agent under this Agreement.

Resignation of the Agent; Successor Agent. The Agent may resign as the Agent upon 60 20 days' notice to the Banks and the CompanyBanks. Upon the resignation of the Agent, the Required Banks shall appoint from among the Banks a successor Agent which is a bank or a trust company for the Banks subject to prior approval by the Company Borrower (such approval not to be unreasonably withheld, provided that such approval shall not be required if a Default or an Event of Default then exists), whereupon such successor agent shall succeed to the rights, powers and duties of the Agent, and the term "Agent" shall include such successor agent effective upon its appointment, and the resigning re-signing Agent's rights, powers and duties as the Agent shall be terminated, without any other or further act or deed on the part of such former Agent or any of the parties to this Agreement. After the resignation of the Agent hereunder, the provisions of this Section 11 shall inure to its benefit as to any actions taken or omitted to be taken by it while it was Agent under this Agreement.

Resignation of the Agent; Successor Agent. The Agent ----------------------------------------- may resign as the Agent upon 60 20 days' notice to the Banks Lenders and the CompanyBorrower. Upon the resignation of the Agent, the Required Banks Lenders shall appoint from among the Banks Lenders a successor Agent which is a bank or a trust company for the Banks Lenders subject to prior approval by the Company Borrower (such approval not to be unreasonably withheld, provided that such approval shall not be required if a Default withheld or an Event of Default then existsdelayed), whereupon such successor agent shall succeed to the rights, powers and duties of the such Agent, and the term "Agent" shall include such successor agent effective upon its appointment, and the resigning Agent's rights, powers and duties as the an Agent shall be terminated, without any other or further act or deed on the part of such former Agent or any of the parties to this Agreement. If the Required Lenders fail to appoint a successor Agent pursuant to the provisions of the preceding sentence, the resigning Agent shall designate one of the Lenders as successor Agent. After the resignation of the an Agent hereunder, the provisions of this Section 11 8 shall inure to its benefit as to any actions taken or omitted to be taken by it while it was Agent under this Agreement.

Resignation of the Agent; Successor Agent. The Agent may resign as the Agent upon 60 30 days' notice to the Banks and the CompanyLenders. Upon the resignation of the Agent, the Required Banks Lenders shall appoint from among the Banks Lenders a successor Agent which is a bank or a trust company for the Banks Lenders subject to prior approval by the Company Borrower (such approval not to be unreasonably withheld, provided that such approval shall not be required if a Default or an Event of Default then exists), whereupon such successor agent shall succeed to the rights, powers and duties of the Agent, and the term "Agent" shall include such successor agent effective upon its appointment, and the resigning Agent's rights, powers and duties as the Agent shall be terminated, without any other or further act or deed on the part of such former Agent or any of the parties to this Agreement. After the resignation of the Agent hereunder, the provisions of this Section 11 shall inure to its benefit as to any actions taken or omitted to be taken by it while it was Agent under this Agreement.

Resignation of the Agent; Successor Agent. The Agent may resign as the Agent upon 60 20 days' notice to the Banks and the CompanyBanks. Upon the resignation of the Agent, the Required Banks shall appoint from among the Banks a successor Agent which is a bank or a trust company for the Banks subject to prior approval by the Company Borrower (such approval not to be unreasonably withheld, provided that ) and acceptances by such approval shall not be required if a Default or an Event of Default then exists)Bank, whereupon such successor agent shall succeed to the rights, powers and duties of the Agent, and the term "Agent" shall include such successor agent effective upon its appointment, and the resigning Agent's rights, powers and duties as the Agent shall be terminated, without any other or further act or deed on the part of such former Agent or any of the parties to this Agreement. After the resignation of the Agent hereunder, the provisions of this Section 11 shall inure to its benefit as to any actions taken or omitted to be taken by it while it was Agent under this Agreement.