Common use of Resignation of the Security Agent Clause in Contracts

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.

Appears in 20 contracts

Samples: Agreement (Global Ship Lease, Inc.), Agreement (Navios Maritime Partners L.P.), Facility Agreement (Navios Maritime Partners L.P.)

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Resignation of the Security Agent. (a) The Security Agent may resign and appoint one of its Affiliates affiliates as successor by giving notice to the other Borrowers and each Finance Parties and the BorrowersParty.

Appears in 12 contracts

Samples: And Restatement Agreement (Ardmore Shipping Corp), Facilities Agreement (Ardmore Shipping Corp), Assignment Agreement (Ardmore Shipping Corp)

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 Company, the Senior Secured Creditors, the Second Lien Creditors, the High Yield Representative(s) and the BorrowersUnsecured Representative(s).

Appears in 6 contracts

Samples: Intercreditor Agreement (Liberty Global PLC), Agreement (Liberty Global PLC), Agreement (Liberty Global PLC)

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 BorrowersBorrower.

Appears in 6 contracts

Samples: Facility Agreement (Okeanis Eco Tankers Corp.), Assignment Agreement (Grindrod Shipping Holdings Ltd.), Assignment Agreement (Pyxis Tankers Inc.)

Resignation of the Security Agent. (a) The Security Agent may resign and appoint one any of its Affiliates affiliates as successor Security Agent by giving notice to the other Finance Secured Parties and the BorrowersCompany.

Appears in 6 contracts

Samples: Agreement (Iridium Communications Inc.), Supplemental Agreement (Iridium Communications Inc.), Coface Facility Agreement (Iridium Communications Inc.)

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 (or to the Agent on behalf of the Lenders), subject to (i) receipt of all necessary authorisations from the U.S. Department of State and the BorrowersDepartment and (ii) such successor Security Agent agreeing to become bound to the Assurance Letter in accordance with its terms.

Appears in 5 contracts

Samples: Facility Agreement (Bristow Group Inc.), Assignment Agreement (Bristow Group Inc.), Assignment Agreement (Bristow Group Inc.)

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 Lenders and the BorrowersCompany.

Appears in 5 contracts

Samples: Agreement, And Restatement Agreement (Aegean Marine Petroleum Network Inc.), Agreement (Aegean Marine Petroleum Network Inc.)

Resignation of the Security Agent. (a) The Each of the Security Agent and Secondary Security Agent may resign and appoint one of its Affiliates affiliates as successor by giving notice to the other Finance Parties Company and the BorrowersAgent.

Appears in 4 contracts

Samples: Facilities Agreement (StarTek, Inc.), Facilities Agreement (StarTek, Inc.), Senior Facilities Agreement (StarTek, Inc.)

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 Primary Creditors and the BorrowersParent.

Appears in 4 contracts

Samples: Intercreditor Agreement (Ferroglobe PLC), Intercreditor Agreement (Global Ship Lease, Inc.), Agreement

Resignation of the Security Agent. (a) The Security Agent may resign and appoint one of its Affiliates acting through an office as successor by giving notice to the other Finance Parties and the BorrowersBorrower.

Appears in 3 contracts

Samples: Assignment Agreement (Euroseas Ltd.), Assignment Agreement (Taylor Maritime Investments LTD), Assignment Agreement (Ocean Rig UDW Inc.)

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 Secured Parties and the BorrowersObligors’ Agent.

Appears in 3 contracts

Samples: Facility Agreement (GDS Holdings LTD), Facility Agreement (GDS Holdings LTD), Facility Agreement (GDS Holdings LTD)

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 Lenders and the BorrowersBorrower.

Appears in 3 contracts

Samples: Facility Agreement (Ozon Holdings PLC), Facilities Agreement (Igate Corp), Facilities Agreement (Igate Corp)

Resignation of the Security Agent. (aA) The Security Agent may resign and appoint one of its Affiliates affiliates as successor by giving notice to the other Finance Parties Company and the BorrowersLenders.

Appears in 3 contracts

Samples: And Restatement Agreement (Kosmos Energy Ltd.), Agreement (Kosmos Energy Ltd.), Agreement (Kosmos Energy Ltd.)

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

Appears in 3 contracts

Samples: Cascal Facility Agreement (Cascal N.V.), Cascal Facility Agreement (Cascal N.V.), Facility Agreement (Cascal B.V.)

Resignation of the Security Agent. (a) The Security Agent may may, without ascribing a reason and without being responsible for any cost or liability arising therefrom, resign and appoint one of its Affiliates as successor by giving notice to the other Finance Secured Parties and the BorrowersParent.

Appears in 2 contracts

Samples: Intercreditor Agreement (LumiraDx LTD), Intercreditor Agreement (LumiraDx LTD)

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 Senior Creditors and the BorrowersBorrower.

Appears in 2 contracts

Samples: Intercreditor Agreement, Facilities Agreement (RISE Education Cayman LTD)

Resignation of the Security Agent. (a) The Security Agent may resign and appoint one of its Affiliates as successor by giving notice in writing to the other Finance Parties and the BorrowersBorrower.

Appears in 2 contracts

Samples: Agreement (Atlas Investissement), Agreement (Atlas Investissement)

Resignation of the Security Agent. (a) The Security Agent may resign and appoint one of its Affiliates affiliates as successor by giving notice to the other Finance Parties Borrowers and the Borrowerseach Secured Party.

Appears in 2 contracts

Samples: Assignment Agreement (Ardmore Shipping Corp), Facility Agreement (Ardmore Shipping Corp)

Resignation of the Security Agent. (a) The Security Agent may may, without ascribing a reason and without being responsible for any cost or liability arising therefrom, resign and appoint one of its Affiliates as successor by giving notice to the other Finance Parties Parent, the Facilities Agreement Creditors (via the Facility Agent), the Refinancing Creditors (via the relevant Refinancing Creditor Representative) and each Noteholder (via, for any Noteholder represented by a Noteholder Trustee, the Borrowersrelevant Noteholder Trustee).

Appears in 2 contracts

Samples: Intercreditor Agreement (Cemex Sab De Cv), Intercreditor Agreement (Cemex Sab De Cv)

Resignation of the Security Agent. (a) The Security Agent may resign and appoint one of its Affiliates as successor by giving notice to the Borrower and the other Finance Parties and the BorrowersParties.

Appears in 2 contracts

Samples: Agreement (Hamilton Insurance Group, Ltd.), Assignment Agreement (Hamilton Insurance Group, Ltd.)

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 Lenders, the Swap Counterparties, the Administration Agent and the BorrowersBorrower.

Appears in 2 contracts

Samples: Security Trust (SinoTech Energy LTD), Security Trust (SinoTech Energy LTD)

Resignation of the Security Agent. (a) The Security Agent may resign and appoint one of its Affiliates affiliates as successor by giving notice to the other Finance Parties and the BorrowersBorrower.

Appears in 2 contracts

Samples: Common Terms Agreement (Seadrill Partners LLC), Common Terms Agreement (Seadrill Partners LLC)

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 Borrower and the BorrowersMajority Lenders.

Appears in 2 contracts

Samples: Facility Agreement (PCGI Intermediate Holdings LTD), Agreement (PCGI Intermediate Holdings LTD)

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

Appears in 2 contracts

Samples: Intercreditor Agreement (Sappi LTD), Intercreditor Agreement (Sappi LTD)

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 Secured Parties and the BorrowersBorrower.

Appears in 2 contracts

Samples: Agreement (GDS Holdings LTD), Agreement (GDS Holdings LTD)

Resignation of the Security Agent. (a) The Security Agent may may, without ascribing a reason and without being responsible for any cost or liability arising therefrom, resign and appoint one of its Affiliates as successor by giving notice to the other Finance Parties Parent, the Participating Creditors (via the Administrative Agent), the Refinancing Creditors (via the relevant Refinancing Creditor Representative and each Noteholder (via, for any Noteholder represented by a Noteholder Trustee, the Borrowersrelevant Noteholder Trustee).

Appears in 2 contracts

Samples: Intercreditor Agreement (Cemex Sab De Cv), Intercreditor Agreement (Cemex Sab De Cv)

Resignation of the Security Agent. (a) The Security Agent may resign and appoint one of its Affiliates acting through an office in the United Kingdom as successor by giving notice to the Bridge Finance Parties, the High Yield Notes Trustee and the Company and, until the Senior Discharge Date, the other Senior Finance Parties and the BorrowersHedging Banks.

Appears in 1 contract

Samples: Intercreditor Agreement (Inmarsat Launch CO LTD)

Resignation of the Security Agent. (a) The Security Agent may resign and appoint one of its Affiliates as successor by giving prior written notice to the other Finance Parties and the BorrowersBorrower.

Appears in 1 contract

Samples: Agreement (Digital Landscape Group, Inc.)

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 Agent and the BorrowersBorrower.

Appears in 1 contract

Samples: Facilities Agreement (Melco Crown Entertainment LTD)

Resignation of the Security Agent. (a) The Security Agent may resign and appoint one of its Affiliates affiliates as successor by giving notice to the other Borrower and each Finance Parties and the BorrowersParty.

Appears in 1 contract

Samples: Assignment Agreement (DryShips Inc.)

Resignation of the Security Agent. (a) The Security Agent may resign and appoint one of its Affiliates affiliates as successor by giving notice to the other Finance Parties Company and the BorrowersMajority Lenders.

Appears in 1 contract

Samples: Facility Agreement (UTAC Holdings Ltd.)

Resignation of the Security Agent. (a) The Security Agent may resign and appoint one of its Affiliates acting through an office in the United States of America as successor by giving notice to the other Finance Parties Administrative Agent and the BorrowersBorrower.

Appears in 1 contract

Samples: Facility Agreement (Cobalt International Energy, Inc.)

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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 BorrowersSecured Parties.

Appears in 1 contract

Samples: Security Agreement (Meituan)

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

Appears in 1 contract

Samples: Agreement (Melrose PLC)

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 Creditors and the BorrowersCompany.

Appears in 1 contract

Samples: Atento Luxco 1

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 Senior Agent, the Borrower, RPM and each of the BorrowersSecured Parties.

Appears in 1 contract

Samples: Agreement (Anooraq Resources Corp)

Resignation of the Security Agent. (a) The Security Agent may resign and appoint one of its Affiliates affiliates acting through an office in the United Kingdom (or any other jurisdiction agreed by the Company) as successor (as Security Agent and Parallel Debt Creditor) by giving notice to the other Finance Parties Company, the Senior Secured Creditors, the Second Lien Creditor Representative(s) and the Borrowers.Senior Unsecured Representatives. 217

Appears in 1 contract

Samples: Intercreditor Agreement (Amc Entertainment Holdings, Inc.)

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 Primary Creditors and the BorrowersCompany.

Appears in 1 contract

Samples: Intercreditor Agreement (Tidewater Inc)

Resignation of the Security Agent. (a) 10.15.1 The Security Agent may resign and appoint one of its Affiliates as successor by giving notice to the other Finance Secured Parties and the BorrowersCompany.

Appears in 1 contract

Samples: Brooge Holdings LTD

Resignation of the Security Agent. (a) The Security Agent may resign and appoint and, by notice to the other Finance Parties, name one of its Affiliates as successor by giving notice to the other Finance Parties and the Borrowersits successor.

Appears in 1 contract

Samples: Credit Facility Agreement (First Solar, Inc.)

Resignation of the Security Agent. (a) The Security Agent may resign and appoint one of its Affiliates affiliates as successor by giving notice to the other Finance Parties Parent and the BorrowersSenior Creditors.

Appears in 1 contract

Samples: Intercreditor Agreement

Resignation of the Security Agent. (a) The Security Agent may resign and appoint one of its Affiliates acting through an office in Greece as successor by giving notice to the other Finance Parties and the Borrowers.

Appears in 1 contract

Samples: Facility Agreement (Navios South American Logistics Inc.)

Resignation of the Security Agent. (a) The Security Agent may resign and appoint one of its Affiliates affiliates as successor by giving notice to the other Finance Parties Borrower and the Borrowerseach Secured Party.

Appears in 1 contract

Samples: Assignment Agreement (Ocean Rig UDW Inc.)

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 Primary Creditors and the BorrowersCompany.

Appears in 1 contract

Samples: Intercreditor Agreement

Resignation of the Security Agent. (a) The Security Agent may resign and appoint one of its Affiliates affiliates as successor by giving notice to the other Finance Parties and Agents on behalf of the BorrowersLenders.

Appears in 1 contract

Samples: Intercreditor Agreement (Aluminum Corp of China)

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 Senior Creditors and the BorrowersCompany.

Appears in 1 contract

Samples: Intercreditor Agreement

Resignation of the Security Agent. (a) The Security Agent may may, without ascribing a reason and without being responsible for any cost or liability arising therefrom, resign and appoint one of its Affiliates as successor by giving notice to the other Finance Parties Parent, the Facilities Agreement Creditors (via the Facility Agent), the Refinancing Creditors (via the relevant Refinancing Creditor Representative and each Noteholder (via, for any Noteholder represented by a Noteholder Trustee, the Borrowersrelevant Noteholder Trustee)).

Appears in 1 contract

Samples: Intercreditor Agreement (Cemex Sab De Cv)

Resignation of the Security Agent. (a) 7.15.1 The Security Agent may resign and appoint one of its Affiliates as successor by giving notice to the other Finance Parties Participants and the Borrowers.Company

Appears in 1 contract

Samples: Investment Agency Agreement (Brooge Holdings LTD)

Resignation of the Security Agent. (a) 26.1.1 The Security Agent may resign and appoint one of its Affiliates as successor by giving notice to the other Finance Parties Company and the BorrowersLenders.

Appears in 1 contract

Samples: Agreement (AVG Technologies N.V.)

Resignation of the Security Agent. (a) The Security Agent may resign and appoint one of its Affiliates affiliates as successor by giving notice to the other Finance Parties Account Party and the BorrowersSecured Parties.

Appears in 1 contract

Samples: Restatement Agreement (Hanover Insurance Group, Inc.)

Resignation of the Security Agent. (aA) The Security Agent may resign and appoint one of its Affiliates affiliates as successor by giving notice to the other Finance Parties Kosmos and the BorrowersCreditors.

Appears in 1 contract

Samples: Intercreditor Agreement (Kosmos Energy Ltd.)

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 External Creditors and the BorrowersCompany.

Appears in 1 contract

Samples: Intercreditor Agreement

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