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 Lenders and the Company. (b) Alternatively, the Facility Agent may resign by giving notice to the Lenders and the Company, in which case the Majority Lenders may appoint a successor Facility Agent. (c) If no successor Facility Agent has been appointed under paragraph (b) above within 30 days after notice of resignation was given, the Facility Agent may appoint a successor Facility Agent. (d) The person(s) appointing a successor Facility Agent must, if practicable, consult with the Company prior to the appointment. (e) The resignation of the Facility Agent and the appointment of any successor Facility Agent will both become effective only when the successor Facility Agent notifies all the Parties that it accepts its appointment. On giving the notification, the successor Facility Agent will succeed to the position of the Facility Agent and the term "Facility Agent" will mean the successor Facility Agent.

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 Lenders and the Company. (b) Alternatively, the Facility Agent may resign by giving notice to the Lenders and the Company, in which case the Majority Lenders may appoint a successor Facility Agent. (c) If no successor Facility Agent has been appointed under paragraph (b) above within 30 days after notice of resignation was given, the Facility Agent may appoint a successor Facility Agent. (d) The person(s) appointing a successor Facility Agent must, if practicable, must consult with the Company prior to the appointment.. Any successor Facility Agent must have an office in the U.K. (e) The resignation of the Facility Agent and the appointment of any successor Facility Agent will both become effective only when the successor Facility Agent notifies all the Parties that it accepts its appointment. On giving the notification, the successor Facility Agent will succeed to the position of the Facility Agent and the term "Facility Agent" will mean the successor Facility Agent.. --------------------------------------------------------------------------------

Resignation of the Facility Agent. (a) The Facility Agent may resign and appoint any of Notwithstanding its Affiliates as successor Facility Agent by giving notice to the Lenders and the Company. (b) Alternativelyirrevocable appointment, the Facility Agent may resign by giving notice to the Lenders and the CompanyBorrower, in which case the Facility Agent may forthwith appoint one of the Shell Affiliates or any Lender as successor Facility Agent or, failing that, the Majority Lenders may appoint a successor Facility Agent. (cb) If no the appointment of a successor Facility Agent has been appointed under paragraph (b) above is to be made by the Majority Lenders but they have not, within 30 days after notice of resignation was givenresignation, appointed a successor Facility Agent which accepts the appointment, the Facility Agent may appoint a successor Facility Agent. (d) The person(s) appointing a successor Facility Agent must, if practicable, consult with the Company prior to the appointment. (ec) The resignation of the an Facility Agent and the appointment of any successor Facility Agent will both become effective only when upon the successor Facility Agent notifies notifying all the Parties parties that it accepts its appointment. On Subject to paragraph (f) of this Clause 25.10, on giving the notification, the successor Facility Agent will succeed to the position of the Facility Agent and the term "Facility Agent" will mean the successor Facility Agent.

Resignation of the Facility Agent. (a) 21.13.1 The Facility Agent may resign and appoint any of its Affiliates as successor Facility Agent by giving notice to the Lenders and the Company. (b) 21.13.2 Alternatively, the Facility Agent may resign by giving notice to the Lenders and the Company, in which case the Majority Lenders may appoint a successor Facility Agent. (c) 21.13.3 If no successor Facility Agent has been appointed under paragraph (b) clause 21.13.2 above within 30 days after notice of resignation was given, the Facility Agent may appoint a successor Facility Agent. (d) 21.13.4 The person(s) appointing a successor Facility Agent must, if practicable, consult with the Company prior to the appointment.. Any successor Facility Agent must have an office in the U.K. (e) 21.13.5 The resignation of the Facility Agent and the appointment of any successor Facility Agent will both become effective only when the successor Facility Agent notifies all the Parties that it accepts its appointment. On giving the notification, the successor Facility Agent will succeed to the position of the Facility Agent and the term "Facility Agent" will mean the successor Facility Agent.

Resignation of the Facility Agent. (a) The Facility Agent may resign and appoint any of Notwithstanding its Affiliates as successor Facility Agent by giving notice to the Lenders and the Company. (b) Alternativelyirrevocable appointment, the Facility Agent may resign by giving notice to the Lenders Banks and the CompanyBorrower, in which case the Facility Agent may forthwith appoint one of its Affiliates as successor Facility Agent or, failing that, the Majority Lenders Banks may appoint a successor Facility Agent. (cb) If no the appointment of a successor Facility Agent has been appointed under paragraph is to be made by the Majority Banks but they have not, within thirty (b30) above within 30 days after notice of resignation was givenresignation, appointed a successor Facility Agent which accepts the appointment, the Facility Agent may appoint a successor Facility Agent. (d) The person(s) appointing a successor Facility Agent must, if practicable, consult with the Company prior to the appointment. (ec) The resignation of the retiring Facility Agent and the appointment of any successor Facility Agent will both become effective only when upon the successor Facility Agent notifies notifying all the Parties that it accepts its appointment. On giving the notification, the successor Facility Agent will succeed to the position of the retiring Facility Agent and the term "“Facility Agent" ” will mean the successor Facility Agent.

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 Lenders and the Company. (b) Alternatively, the Facility Agent may resign by giving notice to the Lenders and the Company, in which case the Majority Lenders may appoint a successor Facility Agent. (c) If no successor Facility Agent has been appointed under paragraph (b) above within 30 days after notice of resignation was given, the Facility Agent may appoint a successor Facility Agent. (d) The person(s) appointing a successor Facility Agent must, if practicable, must consult with the Company prior to the appointment.. Any successor Facility Agent must have an office in the U.K. (e) The resignation of the Facility Agent and the appointment of any successor Facility Agent will both become effective only when the successor Facility Agent notifies all the Parties that it accepts its appointment. On giving the notification, the successor Facility Agent will succeed to the position of the Facility Agent and the term "“Facility Agent" ” will mean the successor Facility Agent.

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 Lenders and the Company. (b) Alternatively, the Facility Agent may resign by giving notice to the Lenders and the Company, in which case the Majority Lenders may appoint a successor Facility Agent. (c) If no successor Facility Agent has been appointed under paragraph (b) above within 30 days after notice of resignation was given, the Facility Agent may appoint a successor Facility Agent. (d) The person(s) appointing a successor Facility Agent must, if practicable, consult with the Company prior to the appointment.. Any successor Facility Agent must have an office in the U.K. (e) The resignation of the Facility Agent and the appointment of any successor Facility Agent will both become effective only when the successor Facility Agent notifies all the Parties that it accepts its appointment. On giving the notification, the successor Facility Agent will succeed to the position of the Facility Agent and the term "Facility Agent" will mean the successor Facility Agent.