Common use of Resignation of the Agents Clause in Contracts

Resignation of the Agents. (a) The Administrative Agent may resign from the performance of all its functions and duties hereunder and/or under the other Credit Documents (including, without limitation, its functions and duties as Collateral Agent) at any time by giving 30 Business Days' prior written notice to the Lenders and, unless a Default or an Event of Default under Section 10.05

Appears in 4 contracts

Samples: Credit Agreement (Dole Food Company Inc), Credit Agreement (Dole Food Company Inc), Security Agreement (Dole Food Company Inc)

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Resignation of the Agents. (a) The Administrative Agent may ------------------------- resign from the performance of all its functions and duties hereunder and/or under the other Credit Documents (including, without limitation, its functions and duties as Collateral Agent) at any time by giving 30 Business Days' prior written notice to the Lenders and, unless Borrower and the Banks. Such resignation shall take effect upon the appointment of a Default successor Administrative Agent pursuant to clauses (b) and (c) below or an Event of Default under Section 10.05as otherwise provided below.

Appears in 3 contracts

Samples: Credit Agreement (Pacer Express Inc), Credit Agreement (Alliance Imaging Inc /De/), Credit Agreement (Building One Services Corp)

Resignation of the Agents. (a) The Administrative Agent may resign from the performance of all its functions and duties hereunder and/or under the other Credit Documents (including, without limitation, its functions and duties as Collateral Agent) at any time by giving 30 Business Days' days’ prior written notice to the Lenders and, unless a Default or an Event of Default under Section 10.0510.05 then exists, the U.S. Borrower. 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 3 contracts

Samples: Credit Agreement (Dole Food Co Inc), Credit Agreement (Dole Food Co Inc), Credit Agreement (Dole Food Co Inc)

Resignation of the Agents. (a) The Administrative Agent may resign from the performance of all its functions and duties hereunder and/or under the other Credit Documents (including, without limitation, its functions and duties as Collateral Agent) at any time by giving 30 Business Days' prior written notice to the Lenders and, unless Borrower and the Banks. Such resignation shall take effect upon the appointment of a Default successor Administrative Agent pursuant to clauses (b) and (c) below or an Event of Default under Section 10.05as otherwise provided below.

Appears in 2 contracts

Samples: Credit Agreement (Alliance Imaging Inc /De/), Credit Agreement (Alliance Imaging Inc /De/)

Resignation of the Agents. (a) The Administrative Agent may resign from the performance of all its functions and duties hereunder and/or under the other Credit Documents (including, without limitation, its functions and duties as Collateral Agent) at any time by giving 30 15 Business Days' prior written notice to the Lenders and, unless Lenders. Such resignation shall take effect upon the appointment of a Default successor Administrative Agent pursuant to clauses (b) and (c) below or an Event of Default under Section 10.05as otherwise provided below.

Appears in 2 contracts

Samples: Possession Credit Agreement (Cooper-Standard Holdings Inc.), Possession Credit Agreement (Cooper-Standard Holdings Inc.)

Resignation of the Agents. (a) The Administrative Agent may resign from the performance of all its functions and duties hereunder and/or under the other Credit Documents (including, without limitation, its functions and duties as Collateral Agent) at any time by giving 30 15 Business Days' prior written notice to the Lenders and, unless a Default or an Event of Default under Section 10.0511.05 then exists, the Borrower. Any such resignation by the Administrative Agent hereunder shall also constitute its resignation as an Issuing Lender and the Swingline Lender, in which case the resigning Administrative Agent

Appears in 1 contract

Samples: Credit Agreement (PAETEC Holding Corp.)

Resignation of the Agents. (a) The Administrative Agent -------------------------- may resign from the performance of all its functions and duties hereunder and/or under the other Credit Documents (including, without limitation, its functions and duties as Collateral Agent) at any time by giving 30 Business Days' prior written notice to Holdings and the Lenders and, unless Lenders. Such resignation shall take effect upon the appointment of a Default successor Administrative Agent pursuant to clauses (b) and (c) below or an Event of Default under Section 10.05as otherwise provided below.

Appears in 1 contract

Samples: Credit Agreement (Compass Minerals Group Inc)

Resignation of the Agents. (a) The Administrative Agent may ------------------------- resign from the performance of all its functions and duties hereunder and/or under the other Credit Documents (including, without limitation, its functions and duties as Collateral Agent) at any time by giving 30 Business Days' prior written notice to the Lenders and, unless Borrowers and the Banks. Such resignation shall take effect upon the appointment of a Default successor Administrative Agent pursuant to clauses (b) and (c) below or an Event of Default under Section 10.05as otherwise provided below.

Appears in 1 contract

Samples: Credit Agreement (MTL Inc)

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Resignation of the Agents. (a) The Administrative Agent may resign from the performance of all its functions and duties hereunder and/or under the other Credit Documents (including, without limitation, its functions and duties as Collateral Agent) at any time by giving 30 Business Days' prior written notice to the Lenders and, unless a Default or an Event of Default under Section 10.0511.01or 11.05

Appears in 1 contract

Samples: Term Loan Credit Agreement (Bway Intermediate Company, Inc.)

Resignation of the Agents. (a) The Administrative Agent may -------------------------- resign from the performance of all its functions and duties hereunder and/or under the other Credit Documents (including, without limitation, its functions and duties as Collateral Agent) at any time by giving 30 Business Days' prior written notice to Holdings and the Lenders and, unless Lenders. Such resignation shall take effect upon the appointment of a Default successor Administrative Agent pursuant to clauses (b) and (c) below or an Event of Default under Section 10.05as otherwise provided below.

Appears in 1 contract

Samples: Credit Agreement (GSL Corp)

Resignation of the Agents. (a) The Administrative Agent may resign from the performance of all its functions and duties hereunder and/or under the other Credit Documents (including, without limitation, its functions and duties as Collateral Agent) at any time by giving 30 Business Days' prior written notice to Holdings 149 and the Lenders and, unless Lenders. Such resignation shall take effect upon the appointment of a Default successor Administrative Agent pursuant to clauses (b) and (c) below or an Event of Default under Section 10.05as otherwise provided below.

Appears in 1 contract

Samples: Credit Agreement (Salt Holdings Corp)

Resignation of the Agents. (a) The Administrative Agent may ------------------------- resign from the performance of all its functions and duties hereunder and/or under the other Credit Documents (including, without limitation, its functions and duties as Collateral Agent) at any time by giving 30 Business Days' prior written notice to Holdings and the Lenders and, unless Lenders. Such resignation shall take effect upon the appointment of a Default successor Administrative Agent pursuant to clauses (b) and (c) below or an Event of Default under Section 10.05as otherwise provided below.

Appears in 1 contract

Samples: Credit Agreement (RPP Capital Corp)

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