Common use of Resignation of the Facility Agent Clause in Contracts

Resignation of the Facility Agent. (a) The Facility Agent may resign and appoint any of its Affiliates as successor Facility Agent by giving notice to the other Finance Parties and the Company.

Appears in 32 contracts

Samples: Credit Facility Agreement (MGM Resorts International), Credit Facility Agreement (MGM Resorts International), Credit Agreement (MGM Resorts International)

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Resignation of the Facility Agent. (a) The Facility Agent may resign and appoint any of its Affiliates as successor Facility Agent by giving notice to the other Finance Parties Lenders and the CompanyCDFCUK.

Appears in 2 contracts

Samples: Agreement (Centex Development Co Lp), Agreement (Centex Corp)

Resignation of the Facility Agent. (a) The Facility Agent may resign and appoint any of its Affiliates as successor Facility Agent by giving notice to the other Finance Parties Lenders and the CompanyParent.

Appears in 2 contracts

Samples: Credit Agreement (Galen Holdings PLC), Agreement (Smith & Nephew PLC)

Resignation of the Facility Agent. (a) The Notwithstanding its irrevocable appointment, the Facility Agent may resign by giving notice to the Banks and the Obligors' Agent, in which case the Facility Agent may forthwith appoint any one of its Affiliates as successor Facility Agent by giving notice to or, failing that, the other Finance Parties and Majority Banks may appoint a successor Facility Agent following consultation with the CompanyObligors' Agent.

Appears in 1 contract

Samples: Restatement Agreement (Vivendi Universal)

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Resignation of the Facility Agent. (a) The Facility Agent may resign and appoint any one of its Affiliates acting through an office in the United Kingdom or Belgium as successor Facility Agent by giving notice to the other Finance Parties and the Company.

Appears in 1 contract

Samples: Agreement (Solutia Inc)

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