Common use of Resignation or Removal of Collateral Agent Clause in Contracts

Resignation or Removal of Collateral Agent. Subject to the appointment of a successor Collateral Agent as provided in Section 6.2 and the acceptance of such appointment by the successor Collateral Agent: (a) the Collateral Agent may resign at any time by giving not less than 30 days’ notice of resignation to each Secured Debt Representative and the Borrower; and (b) the Collateral Agent may be removed at any time, with or without cause, by an Act of Required Secured Parties.

Resignation or Removal of Collateral Agent. Subject to the appointment of a successor Collateral Agent as provided in Section 6.2 and the acceptance of such appointment by the successor Collateral Agent: (a) the Collateral Agent may resign at any time by giving not less than 30 days’ notice of resignation to each Secured Debt Representative and the BorrowerIssuers; and (b) the Collateral Agent may be removed at any time, with or without cause, by an Act of Required Secured Parties.

Resignation or Removal of Collateral Agent. Subject to the appointment of a successor Collateral Agent as provided in Section 6.2 and the acceptance of such appointment by the successor Collateral Agent: (a) the Collateral Agent may resign at any time by giving not less than 30 days’ notice of resignation to each Secured Debt Authorized Representative and the BorrowerIssuer; and (b) the Collateral Agent may be removed at any time, with or without cause, by an Act of Required Secured Parties.

Resignation or Removal of Collateral Agent. Subject to the appointment of a successor Collateral Agent as provided in Section 6.2 clause (b) below and the acceptance of such appointment by the successor Collateral Agent: (ai) the Collateral Agent may resign at any time by giving not less than 30 days’ notice of resignation to each Secured Debt Representative Holder and the BorrowerCompany; and (bii) the Collateral Agent may be removed at any time, with or without cause, by an Act of notice, in writing, from the Required Secured PartiesHolders.

Resignation or Removal of Collateral Agent. Subject to the appointment of a successor Collateral Agent as provided in Section 6.2 8.02 and the acceptance of such appointment by the successor Collateral Agent: (a) the Collateral Agent may resign at any time by giving not less than 30 days’ notice of resignation to each Secured Debt Representative and the BorrowerAirlines; and (b) the Collateral Agent may be removed at any time, with or without cause, by an Act of Required Secured Partiesa Securityholder Instruction.

Resignation or Removal of Collateral Agent. Subject to the appointment of a successor Collateral Agent as provided in Section 6.2 4.2 and the acceptance of such appointment by the successor Collateral Agent: (a) the Collateral Agent may resign at any time by giving not less than 30 days’ notice of resignation to each Secured Debt Parity Lien Representative and the BorrowerCompany; and (b) the Collateral Agent may be removed at any time, with or without cause, by an Act of the Required Secured PartiesParity Lien Debtholders.

Resignation or Removal of Collateral Agent. Subject to the appointment of a successor Collateral Xxxxxxxxxx Agent as provided in Section 6.2 6.02 and the acceptance of such appointment by the successor Collateral Agent: (a) the Collateral Agent may resign at any time by giving not less than 30 days’ notice of resignation to each Secured Debt Representative and the BorrowerCompany; and (b) the Collateral Agent may be removed at any time, with or without cause, by an Act of Required Secured Parties.

Resignation or Removal of Collateral Agent. Subject to the appointment of a successor Collateral Agent as provided in Section 6.2 paragraph (c) below and the acceptance of such appointment by the successor Collateral Agent: (a) , the Collateral Agent may resign at any time by giving not less than 30 10 days’ written notice of resignation to each Secured Debt Representative and the Borrower; and (b) the Collateral Agent may be removed at any time, with or without cause, by an Act of Required Secured Parties.

Resignation or Removal of Collateral Agent. Subject to the appointment of a successor Collateral Agent as provided in Section 6.2 and the acceptance of such appointment by the successor Collateral Agent: (a) the Collateral Agent may resign at any time by giving not less than 30 45 days’ notice of resignation to each Secured Debt Representative and the BorrowerCompany, provided that such notice period may be waived by each Secured Debt Representative and the Company; and (b) the Collateral Agent may be removed at any time, with or without cause, by an Act of Required Secured PartiesInstructing Debtholders.

Resignation or Removal of Collateral Agent. Subject to the appointment of a successor Collateral Agent as provided in Section 6.2 4.2 and the acceptance of such appointment by the successor Collateral Agent: (a) the Collateral Agent may resign at any time by giving not less than 30 days’ notice of resignation to each Secured Debt Note Lien Representative and the BorrowerCompany; and (b) the Collateral Agent may be removed at any time, with or without cause, by an Act of the Required Secured PartiesNote Lien Debtholders.

Resignation or Removal of Collateral Agent. ‌ Subject to the appointment of a successor Collateral Agent as provided in Section 6.2 and the acceptance of such appointment by the successor Collateral Agent: (a) the Collateral Agent may resign at any time by giving not less than 30 60 days’ notice of resignation to each Secured Debt Representative and the BorrowerIssuer, provided that such notice period may be waived by each Secured Debt Representative and the Issuer; and (b) the Collateral Agent may be removed at any time, with or without cause, by an Act instruction of Required the Requisite Secured Parties.

Resignation or Removal of Collateral Agent. Subject to the appointment of a successor Collateral Agent as provided in Section 6.2 and the acceptance of such appointment by the successor Collateral Agent: (a) the Collateral Agent may resign at any time by giving not less than 30 45 days’ notice of resignation to each Secured Debt Representative and the Borrower, provided that such notice period may be waived by each Secured Debt Representative and the Borrower; and (b) the Collateral Agent may be removed at any time, with or without cause, by an Act of Required Secured PartiesInstructing Debtholders.

Resignation or Removal of Collateral Agent. Subject to the appointment of a successor Collateral Agent as provided in Section 6.2 5.1 and the acceptance of such appointment by the successor Collateral Agent: , (a) the Collateral Agent may resign at any time by giving not less than 30 days’ ' notice of resignation to each Secured Debt Representative the Administrative Agent, the Trustee and the Borrower; and Company and (b) the Collateral Agent may be removed at any time, with or without cause, by an Act of Required the Secured PartiesDebtholders.

Resignation or Removal of Collateral Agent. Subject to the appointment of a successor Collateral Agent as provided in Section 6.2 and the acceptance of such appointment by the successor Collateral Agent: (a) the Collateral Agent may resign at any time by giving not less than 30 60 days’ notice of resignation to each Secured Debt Representative and the BorrowerIssuer, provided that such notice period may be waived by each Secured Debt Representative and the Issuer; and (b) the Collateral Agent may be removed at any time, with or without cause, by an Act instruction of Required the Requisite Secured Parties.