Resignation of the Security Agent. (a) The Security Agent may resign and appoint one of its Affiliates as successor by giving notice to the other Finance Parties and the Borrowers.
Resignation of the Security Agent. (a) The Security Agent may (with the prior consent of the Italian Authorities) resign and appoint one of its Affiliates as successor by giving notice to the Lenders and the Borrower.
Resignation of the Security Agent. (a) The Security Agent may, with the consent of the Parent (not to be unreasonably withheld or delayed), resign and appoint one of its Affiliates as successor by giving notice to the Parent, each Agent and the Hedge Counterparties provided that: A44420063
Resignation of the Security Agent. (a) The Security Agent may not resign from its office unless the approval of the Ministers for a successor (which is acceptable to both the Debtors and the Secured Parties and fully approved by the Ministers) has been obtained and the transfer of the Security from the Security Agent to the successor Security Agent may be undertaken without imposing any damage on the Issuer or the Secured Parties.
Resignation of the Security Agent. (a) The Security Agent may resign and appoint one of its Affiliates as successor by giving notice to the Primary Creditors and NAC DAC.
Resignation of the Security Agent. (a) The Security Agent may resign and appoint one of its Affiliates as successor by giving notice to the Senior Secured Notes Issuer and the Super Senior Creditors, the Senior Secured Notes Trustee and the Senior Secured Hedge Counterparties.
Resignation of the Security Agent. (a) The Security Agent may at any time give notice of its resignation to the Company and the Primary Creditors without giving any reason for such resignation.
Resignation of the Security Agent. (a) The Security Agent may resign and appoint one of its Affiliates (acting through an office in Hong Kong) as successor by giving notice to the Borrower and the Majority Lenders.
Resignation of the Security Agent. (a) The Security Agent may resign and appoint one of its Affiliates acting through an office in Germany as successor by giving notice to the other Finance Parties and the Borrower.
Resignation of the Security Agent. (a) The Security Agent may resign and appoint one of its affiliates as successor by giving notice to the Funders and the Borrower. Alternatively the Security Agent may resign by giving 30 (thirty) days' notice to the Funders and the Borrower, in which case the Funders may appoint a successor Security Agent. If the Funders have not appointed a successor Security Agent in accordance with paragraph (b) above within 20 (twenty) days after notice of resignation was given, the retiring Security Agent (after consultation with the Agent) may appoint a successor Security Agent. If the Security Agent wishes to resign because (acting reasonably) it has concluded that it is no longer appropriate for it to remain as security agent and the Security Agent is entitled to appoint a successor under paragraph (c) above, the Security Agent may (if it concludes (acting reasonably) that it is necessary to do so in order to persuade the proposed successor Security Agent to become a party to this Agreement as Security Agent) agree with the proposed successor Agent amendments to this Clause 7 and any other term of this Agreement dealing with the rights or obligations of the Security Agent consistent with then current market practice for the appointment and protection of corporate trustees together with any reasonably amendments to the security agency fee payable under this Agreement which are consistent with the successor Security Agent's normal fee rates and those amendments will bind the Parties. The retiring Security Agent shall, make available to the successor Security Agent such documents and records and provide such assistance as the successor Security Agent may reasonably request for the purposes of performing its functions as Security Agent under the Finance Documents. The Borrower shall, within 3 (three) Business Days of demand, reimburse the retiring Security Agent for the amount of all costs and expenses (including legal fees) properly incurred by it in making available such documents and records and providing such assistance. The Security Agent's resignation notice shall only take effect upon: the appointment of a successor; the transfer of all the Transaction Security to that successor; and the transfer of all documents and records required for the purposes of performing the functions of Security Agent to that successor at the time of succession. Upon the appointment of a successor, the retiring Security Agent shall be discharged from any further obligation in respect...
